Tirana, October 29 – During the first nine months of 2025, most government securities trading occurred outside the stock exchange.

The majority of funds circulated through auctions where the state sells securities to raise loans. Payments for matured securities also contributed to this activity.

Over half of the trading involved long-term bonds. The remaining transactions were in treasury bills, which have shorter maturities. Although bonds had higher values, most trades used treasury bills because they are simpler and faster to convert into cash.

Almost all purchases and sales were made by ordinary citizens, not companies or banks. Citizens conducted over 98% of all transactions. This shows that people increasingly choose to invest their savings in government securities, viewing them as safe.

Meanwhile, banks and securities firms performed fewer operations than in the previous year. Their sales dropped significantly, and their purchases increased only slightly. Some types of trades recorded no activity at all.

Overall, compared with last year, the total value of these securities trading was around 5 billion lek lower.

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