Economy

Albania in 2017, the Energy Secretariat sets the benchmarks

Oil appears to be the sector where Albania has made less progress regarding alignment of legislation and fulfillment of the tasks set by the Action Plan a year ago. Energy Community Secretariat Representative Janez Kopac reported to the Productive Activity Committee where he summarized the country’s performance in some respects during 2017. The Secretariat underlined that energy has already entered ...

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Vlora Airport a Euro 100 Million investment

The bill for negotiations launching with the consortium about the offer of Vlora airport was the core issue under discussion in the productive activitiesa�� commission. This offer envisages an investment of approximately 100 million euros. Such a fact has been announced by the minister of Infrastructure and Energy, Damian Gjiknuri. According to him, the realization of such a project in ...

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Eurostat: Albania the highest share of energy from renewable sources

Albania is one of the European countries with the highest share of energy from renewable sources. Such fact is confirmed by the recent figures issued by the European Institute of Statistics (Eurostat), according to which, along with Iceland, it represents the highest percentages of this index, with 69.4% and 72.6% respectively, while in other countries, this percentage is lower. According ...

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Water supply in Albania, notable improvements in the country

The Albanian government has started a new reform in improving the drinkable water supply for the citizens , but above all, the preservation of this fortune. For those who break the law regarding this aspect , there will be penalties- declared PM Edi Rama. Albania is a country rich in water reserves. We are second , behind Norway, for the ...

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INSTAT: Export of ‘building materials and metals’ group 5% annual growth

Albania is one of the countries with a rich underground in the Balkan region, where some sorts of A�metal and minerals, including iron, copper, chrome or oil, are extracted, processed and then exported.In 2017, according to the data published by the Institute of Statistics (INSTAT), the export of the ‘building materials and metals’ group results to have an annual growth ...

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100 villages part of the Integrated Rural Development Program

The Ministry of Agriculture has published the list of 100 villages all over Albania, which have become part of the Integrated Rural Development Program (IRDP) as contemporary agro-tourism models combining historical values, agricultural traditions and their wonderful environment. According to the official map of villages that will be included in the new government program, it turns out that Gjirokastra with ...

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Albaniaa��s public debt to be reduced to 63.4% until 2020

Albaniaa��s public debt will be reduced to 63.4% until 2020. This is the projection made by experts of the ministry of Finance. Based on the 2018-2020 Medium Term Debt Strategy, this important macroeconomic indicator will be on the fall. However, it must be said that this figure is still high. Based on the document in question, this will be figure ...

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MIE unveils images of the new airport project in Vlora

The Ministry of Infrastructure and Energy unveiled the images of the new airport project in Vlora in Akerni Area. Last week, Albanian authorities announced that the consortium of the companies, Cengiz Construction, Kalyon Construction, and Kolin Construction submitted an official offer for Vlora Airport project. Minister of MIE Damian Gjiknuri said that the institution decided to create the working group ...

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Rama: ARMO privatization a criminal act

Prime Minister Edi Rama accompanied by Ministers Damian Gjiknuri and Arben Ahmetaj had an interpellation through a video conference with the oil refinery A�workers of ARMO company highlighting that the privatization of ARMO company was a criminal act, while assuring the oil workers of this plant that the government is working to find out serious investors to make a major ...

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WB: Careful use of public funds

The World Bank recommends Albania to be careful with the use of public investment funds. During the presentation of the report on public expenditure estimates, World Bank representative Maryam Salim urged the strengthening of public finance management. The EU representative said safe finances were a condition set for Albania’s EU membership. Albania needs to be careful with the transparency of ...

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