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News from Albania...

M A X
27-02-2009, 00:28:45

The World Bank Guilty as charged

A flawed project in Albania has highlighted some broader concernsWHEN Robert Zoellick took over the World Bank in 2007—after months of bitter wrangling over professional favours done by its former president, Paul Wolfowitz, for his girlfriend—many people hoped that happier times lay head for the...
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M A X
27-02-2009, 00:19:52

Albania criticizes Inspection Panel report

The Government of Albania has requested a revision or retraction of an Inspection Panel Report implicating the country's government in corruption.In response to the report produced by the Inspection Panel of the World Bank, the Government of Albania has issued a response (PDF, 163KB) which claim...
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M A X
24-02-2009, 09:52:22

Albania To Let Kosovo Use Adriatic Port

Albania is to let landlocked and newly independent Kosovo use its Adriatic Sea port of...
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M A X
24-02-2009, 09:51:18

Expert hails 'incredibly resilient' Albania

Expert hails 'incredibly resilient' AlbaniaJaimie KanwarThe global economic meltdown could see a flurry of foreign property investment in Albania, claims one insider...According to one overseas property expert, the south-east European nation is one of the few markets to have come through the cre...
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M A X
23-02-2009, 11:41:04

Launch of Saranda Sunset View Seaside Resort Town Apartments in Albania

Launch of Saranda Sunset View Seaside Resort Town Apartments in Albania from EUR37,200Fresh Property Albania are excited to offer property investors the chance to invest in a new off plan development located on the side of the hill in Saranda with sea views to Corfu. Saranda Sun...
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M A X
23-02-2009, 11:40:02

Property Abroad Recommends Albania Property Investment

Property Abroad director and experienced property market analyst Les Calvert said:"We have never stopped recommending Albania for property investment, as it has displayed an incredible resilience to the credit crunch. The entrance of these new multi-million Euro Real Estate Investment Trusts (RE...
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M A X
23-02-2009, 11:38:25

Kosovo Telecom to invest in Albania

The Board of the Kosovo Post and Telecom (PTK) has approved the investment project of setting up the fourth mobile telephony operator in Albania. This would be the first larger investment of a Kosovar company abroad.Kosovo Telecom, a publicly owned company, is the leading telecommunication provi...
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M A X
23-02-2009, 11:37:33

Kosovo asks Albania to use its Port of Shëngjin

The Kosovar Prime Minister, Hashim Thaçi has asked his Albanian counterpart Sali Berisha to bring to life the agreement that would give the northern Albanian Port of Shëngjin for Kosovo to use.According to Thaçi, the concretization of this agreement will bring multilevel development."I am in ver...
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M A X
23-02-2009, 11:36:16

Three bid for Albania's fourth cellphone licence

 TIRANA, Feb 20 (Reuters) - Swedish telecom firm Tele 2 (TEL2b.ST) offered 7.2 million euros to buy Albania's fourth mobile phone licence, the ATA news agency said on Friday. The Albanian firm Univer P.G. offered 5 million euros while the Post and Telecommunication company of neighbouring Kosovo...
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M A X
23-02-2009, 11:34:03

Albania Honors Topplers Of Dictator Hoxha`s Statue

Albania honoured a dozen men and women on Friday who averted bloodshed 18 years ago by persuading a crowd to topple a statue of late Stalinist dictator Enver Hoxha rather than storm a heavily-guarded Communist compound.Around 100,000 Albanians rallied in Tirana's student dormitories district on ...
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M A X
20-02-2009, 02:55:55

NEC to Provide Albania's Albtelecom with Microwave Systems

NEC to Provide Albania's Albtelecom with Microwave Systems and SDH MultiplexersTokyo, Feb 19, 2009 - (JCN Newswire) - NEC Corporation announced today its selection by Albania's Albtelecom (Headquarters: Tirana) to deploy a broadband access network based on NEC's 5000 Series ultra compact trunk m...
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M A X
20-02-2009, 02:55:09

Thousands cut off in Albania amid heavy snowall

Tirana - At least five municipalities and some 10,000 people in northern Albania were cut off after heavy snowfall, local reports said Thursday.Layers of fresh snow exceeded 3 metres in some area of the mountainous region.The highway Morina-Kukes-Qafa Shllak has been closed and it is believed th...
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M A X
20-02-2009, 02:53:23

Albania to consider offers for 300 mln euro loan

 By Benet KolekaTIRANA, Feb 13 (Reuters) - Albania will on Friday consider offers from seven foreign banks to take out a 300 million euro syndicated loan to fund its budget deficit, Finance Minister Ridvan Bode told Reuters on Thursday.  Albania has received offers from J.P. Morgan, Citigroup(...
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M A X
18-02-2009, 23:46:07

Italy's ENEL seeks Albanian partners for coal plant

 TIRANA, Feb 18 (Reuters) - Italian utility Enel (ENEI.MI) joined an Albanian industrial body on Wednesday to seek partners to build Albania's first coal-fired power plant which critics say would more than double the country's carbon emissions.The 800 megawatt plant would increase Albania's carb...
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M A X
18-02-2009, 23:44:53

World Bank violated policies and misinformed Board in Albania project

Panel finds policy violations, provision of false information, and direct support for controversial demolition of homes in an Albanian villageIn a leaked report, the World Bank Inspection Panel has found significant policy violations by Bank management in preparing and supervising a coastal zone...
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M A X
16-02-2009, 23:44:07

Albanian court ends work ban for ex-secret police

An Albanian court has ordered the lifting of a ban on former communist secret police from working for the government.Albania's Constitutional Court said in a statement Monday that the law introduced last month could violate human rights and ordered it to be suspended pending a review.Albania was...
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M A X
16-02-2009, 23:43:23

Albania Property and Albania Real Estate Market

Albania Property and Albania Real Estate MarketTirana, Albania, February 16, 2009 --(PR.com)-- Albania Property Group is located in Tirana, the capital city of this beautiful country. Albania Property Group is made of a group of professionals whose main goal is to provide the clients with clear ...
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M A X
16-02-2009, 23:42:31

Custodian of the Two Holy Mosques receives Albanian FM

Saudi Arabia: Custodian of the Two Holy Mosques receives Albanian FMCustodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud received at the Royal Court of Yamama Palace today Foreign Minister of Albania Lulzin Basha and his accompanying delegation.During the meeting the Foreign Min...
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sdardha
16-02-2009, 19:02:23

Alb Television - Albanian You Tube

It is with great pleasure that I introduce you to our Albanian Videos - www.AlbTelevision.c om . Alb Television is an international video/...
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M A X
16-02-2009, 02:07:12

Albania's ambassador to Macedonia dies of heart attack

Albania's Ambassador to Macedonia Vladimir Prela passed away of heart attack last night in hishome, media reported Sunday.Prela was appointed for Ambassador to Macedonia in 2002, but remained on the post after the exploration of the mandate waiting for his successor.In 1999 Prela was appointed...
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M A X
16-02-2009, 02:06:15

Tirana International Airport records 14.6% growth for 2008

In 2008, Tirana International Airport (TIA) served 1,267,041 passengers, recording further impressive growth at one of the best infrastructure facilities in the country. The Airport last year recorded 19,194 air traffic movements (ATMs) and handled 1,987 tons of cargo. In comparison with the pre...
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M A X
15-02-2009, 12:17:20

Overseas Property Investment: Favour Established Growth Markets in 2009

I have read two reports this morning, one on a report into Cambodia's economy and property by the World Bank, and one on Vietnam property by Asia Property Report. Both said the same thing, that while economic growth is still expected at a much slower rate, the property market will be affected by...
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M A X
13-02-2009, 23:27:39

Albania Muslims to urge Arabs to recognise Kosovo

 TIRANA, Feb 13 (Reuters) - Albania's Muslims will send a petition with more than 50,000 signatures to the Organisation of the Islamic Conference (OIC) on Sunday to urge its members to recognise Kosovo, organisers said on Friday.Their appeal will come two days before Kosovo celebrates the first ...
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M A X
13-02-2009, 23:26:49

Albanian FM Basha on an official visit in Iceland

Albanian FM Basha on an official visit in Iceland Parliament of Island ratifies the protocol of Albania NATO AccessionMinister of Foreign Affairs of the Republic of Albania, Mr. Lulzim Basha, held today,12 February 2009, a visit in Iceland, upon the invitation of his counterpart, Mr. Ossur Skarp...
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M A X
13-02-2009, 00:16:16

Albania stands with U.S. against terror

Albania's prime minister would like the CIA and the U.S. government to know that he is delighted to do what he can to help them in the war on terrorism. "We have had, and still we have very close cooperation with CIA, and we will continue to have this," Sali Berisha said in an interview last wee...
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M A X
11-02-2009, 23:48:22

Cosmote buys Albania telecom unit stake for 48.2 mln

 TIRANA, Feb 11 (Reuters) - Greece's Cosmote bought 12.6 percent of the state-owned shares of its Albanian Mobile Communication (AMC) subsidiary for 48.2 million euros ($62,558 mln), a government official said on Wednesday.The purchase brings Cosmote's stake in AMC to 97.6 percent.Deputy Economy...
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M A X
11-02-2009, 23:47:18

Once-atheist Albania urged to return seized religious property

Europe's largest grouping of Anglican, Orthodox and Protestant churches has called on Albania to return all sacred property seized from religious communities during 46 years of communist rule that followed the Second World War."Much of the property confiscated under communism, after 18 years of ...
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M A X
11-02-2009, 23:45:55

World Bank President Orders Investigation of Project......

World Bank President Orders Investigation of Project That Destroyed Powerless Albanian Village. The president of the World Bank has ordered investigators to find out who was responsible for the cover-up of a $39 million World Bank sponsored development project that led to the ra...
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M A X
11-02-2009, 23:42:50

Albania misses chance to go top of group

Albania missed a chance to go to the top of its World Cup qualifying group by being held to a 0-0 draw by Malta on Wednesday.Albania, coached by former Netherlands international Arie Haan, had won once and drawn twice before Wednesday's match. But instead of moving into first place in the group,...
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M A X
10-02-2009, 23:40:15

January inflation in Albania is 2.1%

Tirana. Albania registered a 2.1% inflation rate in January, which is an increase of 0.4% in month-on-month terms, MIA agency informs.The Statistics Institute says January inflation was by 0.9% lower in comparison to January 2008.The inflation increase has been affected by a 1.5% price r...
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M A X
10-02-2009, 23:39:29

WC Qualifier Preview: Malta – Albania

Malta host Albania in a game which could earn the hosts their first points in these qualifiers, even though the visitors will be searching for a win that would send them on top in Group 1.One of only three European World Cup qualifiers scheduled for Wednesday will be played at t...
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M A X
10-02-2009, 23:38:26

Restarting life in Albania after Guantanamo Bay

By Benet KolekaAbu Bakkr Qassim, a Uighur from far western China, has seen a number of the world’s more remote corners for a middle aged fruit vendor who is now learning how to make pizzas for a living. He is one of four Uighurs living in Albania since 2006 because they could not stay in the Uni...
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M A X
08-02-2009, 00:21:59

Malta-Albania to be filmed by Where’s Everybody

Where’s Everybody, after being chosen by Infront Sports of Switzerland, are producing and filming five Malta home football matches for the 2010 World Cup Qualifying rounds, among them next Wednesday’s Malta-Albania match at Ta’ Qali.The Malta-Portugal football match, played on Saturday 6 Septemb...
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M A X
06-02-2009, 23:38:53

Albania refuses to sign declaration without Kosovo

Albania refused to sign the declaration of the SEE leaders on the integration into EU because Kosovo is not listed in the document, Makfax correspondent said.The draft-declaration seeks that the region's EU integration process be among the EU's priorities.According to Albanian Minister of EU Int...
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M A X
06-02-2009, 23:37:55

Ancient wreck hunt in once forbidden sea

SARANDA, Albania (AP) — Once Europe's most forbidding coast, this sparkling stretch of the Ionian Sea is slowly revealing lost treasures that date back 2,500 years and shipwrecks from ancient times.Over the past two summers, a research ship carrying U.S. and Albanian experts has combed the water...
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M A X
06-02-2009, 23:36:47

EU urges Albania to tackle property title mayhem

By Benet KolekaTIRANA, Feb 6 (Reuters) - Albania must solve the huge problem of unclear and disputed property titles in order to attract foreign investors and meet European Union criteria for eventual membership, an EU envoy said on Friday.Helmuth Lohan, the EU's ambassador to Tirana, said econo...
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M A X
05-02-2009, 23:19:35

The unfolding crisis in the Presheva Valley

Thousands of Albanians in the Presheva Valley (southern Serbia) gathered on January 28 in the city of Presheva to demand the immediate release of ten Albanian men who were arrested by the Serbian paramilitary police last month for alleged war crimes during the 1999 war in Kosova. Most of the men...
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M A X
05-02-2009, 23:18:36

Albania set up enterprise confederation

Thirty business associations, led by the Association of Italian Entrepreneurs operating in Albania (Aiioa), have drawn up the constitution of Business Albania, a confederation of enterprises.The deed of constitution, for what is intended to become a kind of Albanian 'Confindustria', was signed b...
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M A X
05-02-2009, 23:17:23

Albania, Kosovo to build power link

Albania and Kosovo will build a 75-million-euro ($96 mln) power line joining their grids to reduce Kosovo's dependence on its former ruler Serbia and help the flow of electricity in southeastern Europe.Ymer Balla, general manager of Albania's Power Transmission Operator (PTO), said in an intervi...
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M A X
04-02-2009, 23:20:55

Morocco, Albania consider means to bolster links

Visiting Albanian Deputy Foreign Minister, Edith Harxhi on Tuesday held talks with Morocco's State Secretary for Foreign Affairs, Latifa Akharbach on means to bolster bilateral cooperation links.The two officials discussed means to reinforce political dialogue between the two countries, and give...
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M A X
04-02-2009, 23:20:10

Greece, Albania in Banking Talks

trackingThe Governor of the Bank of Greece, Mr George A. Provopoulos, has recently met with the Governor of the Bank of Albania, Mr Ardian Fullani. Other senior officials from the two central banks were also participating in the meetings. The purpose of the meetings was to discuss current econom...
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M A X
03-02-2009, 23:31:08

Albania's youth launch political party as offshoot of MJAFT

Albanian youth, disenchanted by the slow pace of social progress since the end of communism 18 years ago, have launched a party to run in the June 28 elections.The G99 party is an offshoot of the broader MJAFT (Enough) movement which became a thorn in the side of politicians by targetting cases ...
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M A X
03-02-2009, 23:28:57

Archaeology Survey of Albania’s Seabed Yields Important Prehistoric Findings

Ancient sunken ships and prehistoric objects were found during the first archaeological survey of Albania’s section of the Ionian Sea.A research ship of American and Albania experts has scanned the waters off Albania’s southern coast and located for the past two summers, finding at least five si...
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M A X
02-02-2009, 23:39:01

Kosovo tourism goes live on the web

A Kosovo mobile communications company has set up webcams at three top tourist spots, enabling "virtual tourism" to anyone with an internet connection. Also in science and technology news: internet use in Albania grew to 18% in 2008 and Croatia and Montenegro signed a science and technol...
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M A X
30-01-2009, 23:39:46

DAVOS - Albania needs to move cautiously on rates-PM

Albania has to move cautiously in cutting interest rates in the future as aggressive moves could lead to lower savings rates, its prime minister said on Friday.Earlier this week, Albania's central bank cut its repo rate by 0.5 percentage points to 5.75 percent in an effort to boost the economy, ...
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