January 2012 Annual Review 2011 on Labour Relations and Social Dialogue in South East Europe: Albania By Minella Mano* Content Summary Socio-economic developments Governmental policies and legislation Industrial relations Tripartite social dialogue Forecasts Annex- Information about: Collective bargaining, social dialogue, social security, education& vocational train­ing, employment, wages Trade unions and employer organizations * Dr. Minella Mano, Physician, Director of the Labour Relations Studies Institute(I.S.M.P) © Friedrich-Ebert-Stiftung Regional Project for Labour Relations and Social Dialogue in South East Europe Tadeusa Koscuska 8/5 11000 Belgrade, Serbia E-Mail: fes@fessoe.de Internet: www.fessoe.de The text is available online: www.fessoe.de The views expressed in this publication are not necessarily those of the Friedrich-Ebert­Stiftung or of the organization for which the author works. 1. Summary During this year, the performance of the economy was not very much different from 2010. The public debt is still relatively high, and it is estimated to 59.7% of the GDP (compared to the value of 60% which is considered the limit). The inflation, the decline of foreign investments, the high level of nonperforming loans in the banking sector, the growth of consumer prices and other services, are the main issues that threaten to re-