{"id":98591,"date":"2026-09-01T19:05:32","date_gmt":"2026-09-01T19:05:32","guid":{"rendered":"https:\/\/neutrale.al\/?p=98591"},"modified":"2026-09-01T19:05:32","modified_gmt":"2026-09-01T19:05:32","slug":"irena-beqiraj-pse-ndertimi-eshte-kthyer-ne-nje-sektor-te-rrezikshem-per-ekonomine","status":"publish","type":"post","link":"https:\/\/neutrale.al\/index.php\/2026\/09\/01\/irena-beqiraj-pse-ndertimi-eshte-kthyer-ne-nje-sektor-te-rrezikshem-per-ekonomine\/","title":{"rendered":"Irena Beqiraj\/ Pse nd\u00ebrtimi \u00ebsht\u00eb kthyer n\u00eb nj\u00eb sektor t\u00eb rreziksh\u00ebm p\u00ebr ekonomin\u00eb ?!"},"content":{"rendered":"

Aktiviteti i nd\u00ebrtimit b\u00ebhet i rreziksh\u00ebm p\u00ebr nj\u00eb ekonomi kur: <\/p>\n

1) pjesa q\u00eb ai z\u00eb n\u00eb Prodhimin e Brendsh\u00ebm Bruto (PBB) kalon pragun prej 10%, ose
\n2) kur rritja e sektorit tejkalon rritjen e p\u00ebrgjithshme ekonomike me m\u00eb shum\u00eb se 2 deri n\u00eb 3 pik\u00eb p\u00ebrqindjeje
\nnd\u00ebrkoh\u00eb q\u00eb v\u00ebrehet nj\u00eb bum kreditimi p\u00ebr pasuri t\u00eb paluajtshme\/nd\u00ebrtim + rritje t\u00eb \u00e7mimeve t\u00eb pronave.<\/p>\n

Kur investimet n\u00eb nd\u00ebrtim dhe pasuri t\u00eb paluajtshme z\u00ebn\u00eb m\u00eb shum\u00eb se 10% t\u00eb PBB-s\u00eb, edhe sektori zgjerohet m\u00eb shpejt se ekonomia n\u00eb t\u00ebr\u00ebsi kjo tregon nj\u00eb \u00e7ekuilib\u00ebr strukturor n\u00eb ekonomi. P\u00ebrve\u00e7se nd\u00ebrtimi nuk ka potencialin e rritjes q\u00eb mund t\u00eb ofrojn\u00eb shum\u00eb sektor\u00eb t\u00eb tjer\u00eb , ku do t\u00eb ve\u00e7oja industrin\u00eb, m\u00eb shum\u00eb investime n\u00eb nd\u00ebrtim jo vet\u00ebm largojn\u00eb burimet nga aktivitetet m\u00eb produktive duke e b\u00ebr\u00eb ekonomin\u00eb edhe m\u00eb joproduktive , por ndikimi i tij n\u00eb sektorin financiar shtrihet n\u00eb afat m\u00eb t\u00eb gjat\u00eb. Pra efektet ndihen edhe kur ritmet e zgjerimit t\u00eb sektorit t\u00eb ngadal\u00ebsohen.<\/p>\n

T\u00eb dh\u00ebnat p\u00ebr Shqip\u00ebrin\u00eb japin prova t\u00eb forta se nd\u00ebrtimi \u00ebsht\u00eb tanim\u00eb nj\u00eb rrezik p\u00ebr ekonomin\u00eb .<\/p>\n

-Pragu prej 10% \u00ebsht\u00eb tejkaluar q\u00eb n\u00eb vitin 2022!
\nPjesa e nd\u00ebrtimit u rrit nga 9.5% e PBB-s\u00eb q\u00eb ishte n\u00eb vitin 2021 n\u00eb rreth 11.2% n\u00eb vitin 2022 duke arritur 12.6% t\u00eb PBB-s\u00eb n\u00eb 2025 . Ky nivel padyshim q\u00eb tregon nj\u00eb ndryshim strukturor mjaft i qart\u00eb.<\/p>\n

Nd\u00ebrsa n\u00eb vitin 2021 nd\u00ebrtimi ishte ende n\u00ebn 10% t\u00eb PBB-s\u00eb, kriteri i dyt\u00eb i rritjes relative njohu nj\u00eb tejkalim t\u00eb fort\u00eb ai u rrit af\u00ebrsisht 9 pik\u00eb p\u00ebrqindjeje m\u00eb shpejt se PBB-ja . Ky ishte nj\u00eb tejkalim jasht\u00ebzakonisht i fort\u00eb i rritjes s\u00eb sektorit t\u00eb nd\u00ebrtimit relativisht me ekonomin\u00eb .
\nN\u00eb vitin 2022 sektori i nd\u00ebrtimit e tejkaloi pragun 10% t\u00eb PBB-s\u00eb. Nd\u00ebrsa rritja e nd\u00ebrtimit ishte 10.7% , krahasuar me rritjen e PBB-s\u00eb prej af\u00ebrsisht 4.8% nj\u00eb prim ky prej rreth 5.9 pik\u00ebsh p\u00ebrqindjeje s\u00ebrisht m\u00eb i lart\u00eb se pragu relativ 3 pik\u00eb p\u00ebrqindjeje.
\nN\u00eb vitin 2023 nd\u00ebrtimi zinte 11.65% t\u00eb PBB nd\u00ebrkoh\u00eb q\u00eb ende rritej me rreth 6 pik\u00eb p\u00ebrqindjeje m\u00eb shpejt se PBB-ja .<\/p>\n

Nd\u00ebrsa, n\u00eb vitin 2024 -2025 nd\u00ebrtimi vazhdon t\u00eb z\u00ebr\u00eb mbi 10% t\u00eb PBB-s\u00eb por rritja e tij n\u00eb krahasim me rritjen ekonomike normalizohet duke q\u00ebn\u00eb vet\u00ebm 0.5% m\u00eb i lart\u00eb .<\/p>\n

Megjithat\u00eb, n\u00eb formulimin e e kushteve t\u00eb m\u00ebsip\u00ebrme ka nj\u00eb p\u00ebrcaktim t\u00eb r\u00ebnd\u00ebsish\u00ebm: “gjat\u00eb nj\u00eb bumi kreditimi p\u00ebr nd\u00ebrtime + rritje t\u00eb \u00e7mimit t\u00eb pronave ”<\/p>\n

N\u00eb vitin 2022 , kreditimi p\u00ebr nd\u00ebrtime t\u00eb reja arriti n\u00eb 22.7 miliard\u00eb lek\u00eb vet\u00ebm n\u00eb shtat\u00eb muajt e par\u00eb , duke sh\u00ebnuar nj\u00eb rritje prej 38% krahasuar me t\u00eb nj\u00ebjt\u00ebn periudh\u00eb t\u00eb vitit 2021. Portofoli i papaguar i kredis\u00eb p\u00ebr nd\u00ebrtim arriti n\u00eb 70.4 miliard\u00eb lek\u00eb , pothuajse 30% m\u00eb i lart\u00eb krahasuar me t\u00eb nj\u00ebjt\u00ebn periudh\u00eb t\u00eb vitit t\u00eb kaluar . N\u00eb t\u00eb nj\u00ebjt\u00ebn koh\u00eb, vlera e lejeve t\u00eb nd\u00ebrtimit u rrit me 54% n\u00eb gjysm\u00ebn e par\u00eb t\u00eb vitit 2022 dhe \u00e7mimet e pronave po rriteshin me af\u00ebrsisht 9% n\u00eb vit.<\/p>\n

N\u00eb vitin 2023 , bankat ofruan af\u00ebrsisht 39.6 miliard\u00eb lek\u00eb n\u00eb kredi p\u00ebr nd\u00ebrtime t\u00eb reja, rreth 6.7% m\u00eb shum\u00eb se n\u00eb vitin 2022. Nd\u00ebrtimi ishte p\u00ebrfituesi i dyt\u00eb m\u00eb i madh i kredis\u00eb s\u00eb re p\u00ebr bizneset, duke p\u00ebrb\u00ebr\u00eb rreth 18.2% t\u00eb totalit.<\/p>\n

M\u00eb pas, n\u00eb vitin 2024 , kreditimi p\u00ebr nd\u00ebrtime t\u00eb reja u rrit n\u00eb 48.6 miliard\u00eb lek\u00eb , nj\u00eb rritje tjet\u00ebr prej 22.7% , nd\u00ebrsa portofoli i papaguar i nd\u00ebrtimit arriti n\u00eb 77.9 miliard\u00eb lek\u00eb , me rreth 7% rritje .<\/p>\n

N\u00eb vitin 2025, kredia p\u00ebr sektorin privat po zgjerohej me af\u00ebrsisht 16% n\u00eb gjysm\u00ebn e par\u00eb t\u00eb vitit , duke e \u00e7uar raportin e kredis\u00eb ndaj PBB-s\u00eb p\u00ebr sektorin privat n\u00eb 32.7% .<\/p>\n

Pra, kemi nj\u00eb dallim t\u00eb r\u00ebnd\u00ebsish\u00ebm:<\/p>\n

2021\u20132023: v\u00ebrehet nj\u00eb rritje e shpejt\u00eb e sektorit t\u00eb nd\u00ebrtimit + rritje e shpejt\u00eb e \u00e7mimeve t\u00eb pronave + p\u00ebrshpejtim i kreditimit t\u00eb pasurive t\u00eb paluajtshme\/nd\u00ebrtimit, nd\u00ebrsa n\u00eb vitet 2024\u20132025: rritja e sektorit ngadal\u00ebsohet por kreditimi i pasurive t\u00eb paluajtshme vazhdoi t\u00eb zgjerohej me shpejt\u00ebsi sikurse edhe \u00e7mimet njoh\u00ebn vet\u00ebm rritje .<\/p>\n

Kjo \u00ebsht\u00eb nj\u00eb shenj\u00eb paralajm\u00ebruese q\u00eb edhe pse rritja e sektorit t\u00eb nd\u00ebrtimit \u00ebsht\u00eb normalizuar edhe \u00ebsht\u00eb b\u00ebr\u00eb e krahasueshme me rritjen ekonomike , kreditimi i pasurive t\u00eb paluajtshme dhe \u00e7mimet e pronave kan\u00eb vazhduar t\u00eb rriten. <\/p>\n

Pra, historia duket se po kalon nga nj\u00eb bum i prodhimit t\u00eb nd\u00ebrtimit n\u00eb nj\u00eb rrezik m\u00eb t\u00eb gjer\u00eb t\u00eb financimit t\u00eb pasurive t\u00eb paluajtshme .<\/p>\n

Edhe vet Banka e Shqip\u00ebris\u00eb, me gjuh\u00ebn e saj t\u00eb sofistikuar q\u00eb t\u00eb mos shqet\u00ebsoj\u00eb qeverin\u00eb , e ka konsideruar k\u00ebt\u00eb situat\u00eb si mjaftuesh\u00ebm t\u00eb rrezikshme ndaj n\u00eb 2025 prezantoi kufizime t\u00eb reja makroprudenciale p\u00ebr kreditimin e pasurive t\u00eb paluajtshme .<\/p>\n

E pra t\u00eb dh\u00ebnat na paralajm\u00ebrojn\u00eb q\u00eb nuk mund t\u00eb vazhdojm\u00eb t\u00eb luajm\u00eb me zjarrin . Indeksi i mbi nxehjes s\u00eb sektorit megjith\u00ebse p\u00ebsoj\u00eb nj\u00eb ulje nga 6 n\u00eb 4 n\u00eb vitin 2024, u rrit s\u00ebrisht n\u00eb 5 n\u00eb vitin 2025, gj\u00eb q\u00eb tregon se ftohja edhe normalizimi i sektorit nd\u00ebrtimit n\u00eb ekonomi nuk \u00ebsht\u00eb kaq i thjesht\u00eb , p\u00ebr shkak t\u00eb nd\u00ebrlidhjes s\u00eb fuqishme me sektorin financiar . Nd\u00ebrkoh\u00eb q\u00eb \u00ebsht\u00eb nj\u00eb sektor q\u00eb nuk mund t\u00eb mb\u00ebshtes\u00eb n\u00eb afat t\u00eb gjat\u00eb rritjen ekonomike .<\/p>\n

Kush harton politikat ekonomike t\u00eb k\u00ebtij vendi duhet t’i vendos gishtin kok\u00ebs , n\u00ebse e ka akoma nj\u00eb kok\u00eb mbi shpatulla .<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Aktiviteti i nd\u00ebrtimit b\u00ebhet i rreziksh\u00ebm p\u00ebr nj\u00eb ekonomi kur: 1) pjesa q\u00eb ai z\u00eb n\u00eb Prodhimin e Brendsh\u00ebm Bruto (PBB) kalon pragun prej 10%, ose 2) kur rritja e sektorit tejkalon rritjen e p\u00ebrgjithshme ekonomike me m\u00eb shum\u00eb se 2 deri n\u00eb 3 pik\u00eb p\u00ebrqindjeje nd\u00ebrkoh\u00eb q\u00eb v\u00ebrehet nj\u00eb bum kreditimi p\u00ebr pasuri t\u00eb […]<\/p>\n","protected":false},"author":2,"featured_media":98594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,118],"tags":[],"class_list":{"0":"post-98591","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ekonomia","8":"category-kryesore"},"_links":{"self":[{"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/posts\/98591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/comments?post=98591"}],"version-history":[{"count":1,"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/posts\/98591\/revisions"}],"predecessor-version":[{"id":98595,"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/posts\/98591\/revisions\/98595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/media\/98594"}],"wp:attachment":[{"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/media?parent=98591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/categories?post=98591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neutrale.al\/index.php\/wp-json\/wp\/v2\/tags?post=98591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}