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    "localId": "486498689",
    "label": "Report, Central Intelligence Group, Albania, Situation Report 4",
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    "title": "Report, Central Intelligence Group, Albania, Situation Report 4",
    "citationUrl": "https://catalog.archives.gov/id/486498689",
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        "President's Secretary's Files (Truman Administration)",
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    "productionDates": [
        {
            "day": 15,
            "logicalDate": "1947-08-15",
            "month": 8,
            "year": 1947
        }
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    "seq": 13,
    "pageIndex": 0,
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    "ocrText": "SECRE\nb. Yugoslav Economic Pact\nOn 27 November 1946 Albania forfeited its economic independence by\nsigning an all-inclusive pact with Yugoslavia. Unable to stand alone eco-\nnomically and prevented by the Kremlin from turning to the West, Albania by\nthis act became an economic satellite of Yugoslavia. The agreement* pro-\nvides for:\n(1) Joint Albanian-Yugoslav monopolies (patterned after the joint\ncompanies set up by the USSR in its other Eastern European satellites)\nto operate Albania's railroad, mining, metallurgical, electric, shipping,\nand import-export activities. Each country has equal shares in these\ncompanies and Albania has an option to purchase the Yugoslav shares in\n30 years. Yugoslavia is to provide the working capital and equipment\nin exchange for a half interest in Albanian enterprises and exploitation\nrights;\n(2) Joint Albanian-Yugoslaw bank to be located in Tirana;\n(3) Technical training for Albanians in Yugoslavia and provision\nby Yugoslavia for technical assistance to Albanian agriculture and\nindustry;\n(4) Stabilization of the Albanian franc in terms of the Yugoslav\ndinar;\n(5) Yugoslav credits for the purchase of machines and tools;\n(6) Early establishment of an Albanian-Yugoslav customs union to\nbe jointly administered.\nC. Agriculture\nApproximately 80% of the Albanian people earn their living from\nagriculture. Only 12% of the country's area is cultivated, another 32% is\npasture and meadow land suitable for grazing, and approximately 20% is at\npresent non-productive. The remaining 36% is forest land (see Natural\nResources). Agricultural methods are primitive and marketing facilities\nlimited. For the most part, farming is on a family or village subsistence\nbasis with each farm producing a fairly diversified crop.\nIn the past, Albania has been able to attain about 75% self-suffi-\nciency in food products, but only because of a standard of living as low\n*\nFor complete text of Economic Agreement, as well as other joint Albanian-\nYugoslav pacts, refer to Department of State OIR Report No. 4358, dated\n2 July 1947. Evaluation of the effect of the agreement on economic\ndevelopment in Albania will be discussed under the appropriate headings\nbelow.\nII-2\nSECRE"
}