Economy

INSTAT:Women in Albania, although having the same position as men, get paid less than them

Women in Albania, although having the same position as men, generally get paid less than them. According to INSTAT data, in 2018, the average salary of women was 47.5 thousand lek, while male 53.2 thousand lek. In total, men were paid 10.7% more than females, slightly increasing the gender gap compared to the previous year, when this difference was 10.5%. ...

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The concessionary contract approved for the Airport of Kukes

  The Council of Ministers signed the contract for the concession of the rehabilitation, operation and transferring of the Airport of Kukes for 35 years. This was declared by the minister of Infrastructure and Energy, Belinda Balluku. Balluku declared that the duration of the concession contract will be 35 years and the duration of the works will be 24 months, ...

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Albania and Kosovo citizens cheaper roaming tariffs from July 2020

From 1 July this year, Albania and Kosovo citizens will start talking on mobile with cheaper roaming tariffs and starting from July 2020 or 2021 the tariffs will be the same as using home telephone. Citizens from Kosovo, who are big internet users when they come to Albania, are expected to have more benefits, while the losses of mobile operators ...

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1 billion Euros of investment a year is expected to be generated by ” Shell “Company in Shpirag

“1 billion Euros of investment a year is expected to be generated by the company” Shell “in Shpirag, which means more employment for citizens.” That is the statement issued by Prime Minister Edi Rama in a meeting with the residents of Berat, talking about the colossal investment of “Shell” company in Shpirag. “All the data are optimistic and if the ...

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Floating Solar panels in Banja. Statkraft signs agreement with Ocean Sun AS Company

Statkraft Albania has signed an agreement with the Norwegian Ocean Sun AS solar technology development company for the supply of panels with a maximum capacity of 2 MW in the Banja Hydro Power Plant in Albania. The company suggested that the project consists of 4 floating units of 0.5 M each, with a total investment cost of 2.3m Euros. This ...

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Konfindustria endorses the initiative for the publication of Offshore owners

Konfindustria has in principle endorsed the recent legal initiative of the government and the request of specialized EU agencies to publish the personal data of the owners of “shell” companies registered in the so-called fiscal paradises operating in Albania. But according to Konfindustria, this initiative is delayed and incomplete in the essence of the draft officially submitted. Through a media ...

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A new project turning Fier into a tourist destination revealed

A new project for the construction of a resort, of contemporary standards, along with the new infrastructure to the sea, turns Fier into a tourist destination. Prime Minister Edi Rama stated that “Seman’s new road construction to the sea will kick off after the completion of the procedures, thus bringing to sea not only Fier residents but also transforms Fier ...

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Brussles: Albania with the highest economic growth in the region in the next two years

The real economic growth in Albania has accelerated and for the next two years is projected to be the highest in the region. Thus, the European Commission cites the periodic report on the economy of the Western Balkan countries, published in February 2019.According to this document, in 2013, economic growth was 1%, while in the last year report; it was ...

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KfW allocates 23 million euros for the modernization of Albania’s power distribution system

German investment bank, KfW has decided to allocate 23 million euros for the modernization of Albania’s power distribution system. The project aims at developing and digitalizing the power distribution system with a new modern IT system. This investment is part of a support package funded by German government through KfW. The package also includes consulting services for OSHEE in terms ...

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President Meta on official visit in Egypt

Following the official visit to Egypt, the President of the Republic, Ilir Meta, was received by the Arab League Secretary-General Ahmed Aboul Gheit. President Meta expressed appreciation for Albania’s excellent cooperation with the member countries of the Arab League. President Meta congratulated Mr. Gheit for the successful development of the first Summit between the Arab League and the European Union, ...

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