The risk of inflation is lowering in Albania, so the country does not need to raise interest rates after five increases over the past two years, the country's central banker said on Wednesday.At the same time, lack of clarity on land titles is hampering overall economic progress of the former St...
Albania is building its first wind park and plans to export energy to Italy under a new initiative. Two companies -- Italy's Moncada Costruzioni and Enpower Albania -- are behind the project, which could provide a capacity of 500MW.Production is expected to begin by 2010. Energy will travel thro...
Albanian President Bamir Topi has denounced the crimes committed by Albania's communist regime.In a ceremony held on the 62nd anniversary of the communist uprising in the village of Postriba in northern Albania, the Albanian head of state said that the punishment of crimes committed during commu...
Premier Berisha assessed the privatization procedure as the best and the most transparent model carried out during the recent 18 years of the privatization process of a state asset.The Council of Ministers approved last Friday the privatization plan of 85% of the shares of the state-run ARMO oil...
Sweden was held to a 0-0 draw by Albania in World Cup qualifying on Saturday.The Swedes dominated possession and chances but couldn't break down the Albanian defense in the Group 1 match.Despite being tightly marked, Sweden forward Zlatan Ibrahimovic hit the post in the 17th minute and then had ...
A new batch of 120 Albanian soldiers left for Iraq on Thursday, bring the country's total troops in Iraq to 240."Albania feels proud of its peacekeepers and its cooperation with the U.S.," said Prime Minister Sali Berisha at the send-off ceremony for the contingent.Albania has already ha...
Numerous trade centres such as Casa Italia, ETC-European Trade Centre, Qendra Tregtare Univers (QTU), Univers Trade Centre, Kristal, Metropol and others operate in the country.The economic activities of the trade centres in Albania are growing.The services sector is also in a co...
UK-Swiss group Zumax has announced plans to build a US$1.7 billion container port and free zone on Albania's Adriatic Sea coast, with the aim of turning it into a major container hub for the region, Reuters reported.Zumax will build the container port and a free economic zone area in stages in t...
President of the Republic of Albania, Bamir Topi, met on Wednesday with a group of Kosovar students who are attending a specialization course at the Albanian Diplomatic Academy.President Topi congratulated the young Kosovars for the task citing the importance of education and professional politi...
The experts from the sector claim that such measures will have a positive effect on the car trade in Albania.The document for customs clearance will no longer be issued to cars that enter the Albanian territory, the Albanian Customs' Directorate General announced, the Tirana office of Italian Fo...
Representatives of several municipalities in Bulgaria, Macedonia, Albania and Serbia met recently for a roundtable discussion of alternative tourism development as a basis for economic development, Bulgarian media reported on Wednesday.The roundtable, themed “Possibilities for the development of...
Brits looking to escape the rising prices and disappointing weather of the UK could do worse than look into property in Albania, one expert has advised.According to recent predictions from the International Monetary Fund (IMF), Albania is set to experience the second highest economic growth in t...
The agreement to drop the visa requirements that Albania and Macedonia reached in February finally came into force today, Albanian media reported.The news was officially confirmed by the Albanian Interior Ministry’s press centre, the Panorama newspaper reported.The agreement’s implementation, ac...
With advanced fingerprinting technology and with the support of UK police, the Albanian government try to reduce crime in order to join the EU.Following a repeat order from an existing customer, WorkPoint arecontributing to improved law and order in Albania .As part of the Albanian government’...
2 September 2008 | Prices of mobile telephone services in Albania are expected to decrease by 20 per cent by September 15, national media reported today.The price drop was announced after a new mobile communications law was adopted in June, the Shekulli newspaper wrote.The Albanian market until ...
A commission of the Albanian parliament is to discuss a bill that aims to open the files of the former communist secret service.However former political prisoners doubt that the current ruling class is really committed to opening up Albania’s dark past.Albania is one of the few countries that on...
Power supply in Kosovo has deteriorated with a failure of a power plant yesterday, reports say.The Kosovo energy corporation announced that one of the blocks of Power Plant Kosovo has been shut down last night. The repairs that are underway are expected to last until this evening.The shutdown h...
The President of the Republic, Bamir Topi received today the Prime Minister of Iceland, Geir H. Haarde and the delegation accompanying him during the two days long official visit to our country.The Head of state welcomed Mr. Haarde to Albania in his very first visit by pointing out that such hig...
Albania on Thursday condemned Russia's decision to recognize Georgia's breakaway regions of South Ossetia and Abkhazia as independent states, calling the move "totally unacceptable"."We condemn Russia's decision to recognize the independence of South Ossetia and Abkhazia. Its action is contr...
Iceland’s Prime Ministër Geir H. Haarde arrived in Athens yesterday after an official visit to Albania. Haarde and Greece’s Prime Ministër Kostas Karamanlis held a long meeting after his arrival, discussing increased cooperation.The prime ministers were keen to strengthen relations between Icela...
Prime Minister Sali Berisha on Tuesday (August 26th) denied Moscow's claims that Albania has supplied Georgia with weapons used in the latter's conflict with Russia.Prime Minister Sali Berisha on Tuesday (August 26th) denied Moscow's claims that Albania has supplied Georgia with weapons used in ...
According to data of the Albanian statistics office, the inflation rate in Albania in July reached 3.7% compared to 2.1% in the same period of last year. According to data of the Albanian statistics office, the inflation rate in Albania in July reached 3.7% compared to 2.1% in the same period of...
In an effort to promote payment of the social insurance for the Albanian employees the government reduced the payment for social insurance to 15 percent.The government made the second action in two years. In 2006 it lowered it from 43 to 31 percent of the salary and on Wednesday to 15 percent (s...
TIRANA, Aug 27 (Reuters) - Albania coach Arie Haan recalled striker Erjon Bogdani on Wednesday for their World Cup Group One qualifiers against Sweden and Malta after his team failed to impress him in a friendly against Liechtenstein.Haan did not include Bogdani, one of Albania's best strikers ...
26 August 2008 | Reconstruction work on the central Skënderbeg Square in Albania’s capital will begin this September, the Tirana municipality told media today.The transformation and reconstruction project is worth 10 million euro, according to the Albanian BalkanWeb electronic media. Half of the...
Low prices, beautiful coast and good conditions is the reason a lot of tourists choose Albanian resorts this year, the electronic issue "Balkanweb" announces. A lot of tourists from Bulgaria, Serbia, Macedonia and Greece come to Albanian resorts.In Southern Albania the Greek lan...
The Albanian government signed a contract for the sale of 85 percent of the Albanian ARMO state oil company after negotiating terms with a U.S.-Swiss consortium in a deal worth €128.75 million (US$191 million), authorities said Saturday.The consortium — comprising Texas-based Refinery Associates...
Import of food products is increasing in Albania, including the import of GM products. But Albanese agriculturists prefer to produce the organic way and to export their goods. The data of ISTAT indicates that in the first six month of 2008 alone, products valued at $ 326 million were imported, c...
TIRANA, ALBANIA-Colliers International Albania expects to have the first letters of intent in hand by February 2009 for the 18,000 m2 [193,750.3 sf] Millennium Business Center, a spec office project rated as a true class A by international standards. A city requirement to include a cinema in the...
MILAN, Aug 18 (Reuters) - Italy has approved the construction of a 400-kilovolt power link with Albania to boost its electricity imports, the economic development ministry said on Monday.Italy covers about 12-14 percent of its electricity needs from imports, with most coming from France.Economic...
Visitor numbers in Albania have gone up in the last 12 months, new statistics have revealed.Official data cited by Southeast European Times showed that during June 2008, the number of foreign arrivals was 20% up on the amount recorded a year earlier.This is likely to be good news for overseas pr...
President Bamir Topi on Thursday, July 31st, called on the High Court to observe the most professional standards. At a ceremony marking the appointment of six new court members, Topi said justice requires a reformed system with a high professional commitment and no political involvement.The appo...
For me, working in the field of Diplomacy is a very interesting and noble mission. This is because I do not simply work in my chosen field, but actually for the goal of international cultural exchange. Everyone in this field is the same: we all work for our country, we all love our homes, our pe...
Montenegro and Albania will have the highest economic growth in the Balkans region in 2008, according to the International Monetary Fund’s forecasts.In a period of slower GDP growth in Western Europe, the IMF has optimistic expectations for Albania’s economic development, according to the Albani...
Der Kosovo hat im Zuge der Unabhängigkeit auch eine neue Staatsflagge bekommen, die die bisher von der Bevölkerungsmehrheit benutzte albanische Fahne ersetzen wird. Die neue Flagge ist blau, in der Mitte findet sich eine weiße Abbi...
Premier Agrees with EU’s Solana, Attributes Responsibility to SP HeadSolana’s statement was an honest and sincere one said Berisha adding that he had never felt more ashamed from the political developments in Albania, when one of the most important exponents of the Alba...
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