Economy

KLosi: Direct flights to Tel Aviv in April

From the 13th of April this year direct flights from Albania to Tel Aviv will launch twice a week. The news was announced by Albanian Tourism Minister Blendi Klosi after a meeting he had with Israeli counterpart Yariv Levin on the official visit to Tel Aviv at the invitation of his Israeli counterpart. Minister Klosi stated that the number of ...

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Gjiknuri visit in USA, meetings with senior officials of the Department of State

Minister of Infrastructure and Energy Mr. Damian Gjiknuri started a working visit to the United States of America. During his stay in Washington and New York, he will hold meetings with senior officials of the Department of State, the Department of Energy, as well as congressmen and representatives of well-known US companies in the field of energy. The first meeting ...

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S&P affirms Albania at B+/B, outlook stable

Standard & Poor’s said it has affirmed its long- and short-term foreign and local currency sovereign credit ratings on Albania at B+/B, with a stable outlook. The ratings agency also said that they expect the government will move ahead on its structural reform agenda, in part because it aims to join the EU, gradually improving Albania’s institutional effectiveness and predictability. ...

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Arber road construction contract signed today

The Ministry of Infrastructure and Energy announced today (February 5, 2018) the signing of the Concession Contract with “Gjoka Konstruksion” in the premises of this ministry.Ai??”The project is estimated at 240m Euros and the state will undertake the liquidation within a period of 13 years. The contractor will undertake the road construction and maintenance throughout the concession period “, stressed ...

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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 activitiesai??i?? 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 Ai??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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