Economy

Mayor Veliaj: The new national theatre will cost a��30 million

The Mayor of Tirana, Erion Veliaj accompanied by the minister of Culture, Mirela Kumbaro, held a conversation with the community of artists, regarding the latest initiative of the government for building a new National Theatre. In his speech, mayor Veliaj shared his conviction that the project of the National Theatre will be a success story. He declared that this debate ...

Read More »

New railway network to be constructed in Albania

The deputy minister of Infrastructure and Energy, Artan Shkreli declared during the presentation of the investing projects that the government is conducting in the city of Durres, that the railway line Durres-Pogradec to be extended even further in Lin and Macedonia, a new project that foresees the full rehabilitation of the line according to the highest standards. Durres is one ...

Read More »

Increase of foreign touristsa�� influx brought more revenues in the Albanian economy

  The increase of foreign touristsa�� influx in the first months of this year has brought more revenues into the Albanian economy. According to the Bank of Albania data, the tourist expenses in Albania were 331 million Euros in the first quarter of the year, an increase of almost 10% compared to the same period last year.Previous INSTAT data shows ...

Read More »

Foreign direct investment on upward trend in first quarter of 2018

Foreign direct investment grew by 61.6% in the first quarter of the year compared with the same period a year earlier. The Bank of Albania reported that in January-March foreign companies invested EUR 283 million in the Albanian economy or EUR 108 million more than in the first quarter of 2017. Historical data show that this is the highest level ...

Read More »

Albania: SHELL to invest $42 million in Block 4

The Albanian government approved the decision for the exploration and production of hydrocarbons in Block 4, by the international company SHELL. Three years of negotiations between SHELL and the Albanian government were needed to finalize the agreement, that foresees a 42 million$ investment in extracting hydrocarbons in Block 4. After the government meeting held in Durres, Pm Edi Rama informed ...

Read More »

Unemployment in Albania falls to a historical low

Unemployment rate in Albania has fallen to 12.5%. This figure was confirmed by the Institute of Statistics, according to which, this is the lowest unemployment rate recently registered in the country. Meanwhile, minister of Economy, Arben Ahmetaj declared that unemployment fell to a historical low. a�?The figures published today by INSTAT indicate that employment continued to rise in the first ...

Read More »

Fuel imports marked a historic record in the first quarter of the year

Fuel imports marked a historic record in the first quarter of the year, according to data from the Ministry of Finance. From January to April 2018, 160 thousand tons of oil were imported, with a 50 percent increase as compared with the same period last year. As it is seen, the import has reached a historic record in quantity since ...

Read More »

Albania: Government encourages the cultivation of medicinal herbs

20 thousand hectares of land all over the country may potentially be cultivated with cannabis. This is the alarm raised by government structures, admitting that this area of land may potentially be used to cultivate this type of drug. To prevent this, the government suggests a number of measures to be taken in order to reduce cannabis cultivated areas in ...

Read More »

EBRD Albanian Railways project wins award for Best Rail Deal 2017

An EBRD project supporting the rehabilitation of the railway line between Tirana and Durres and the construction of a new railway link from Tirana-Durres to Tirana International Airport has been named a�?Best Rail Deal 2017a�? by Emea Financea��s Awards 2017. PFI Awards, given out in London are a milestone in the global project finance calendar. EBRD support for the railway ...

Read More »

Central Bank decides to stop further plummeting of the euro

Bank of Albania will buy foreign currency in order to reduce the excess supply of the euro in the market, enabling the strengthening of the lek. On the other hand, BoA reduced the base interest rate in order to increase the supply of the lek in the market The value of the Euro will not be allowed to drop any ...

Read More »

Responsive WordPress Theme Freetheme wordpress magazine responsive freetheme wordpress news responsive freeWORDPRESS PLUGIN PREMIUM FREEDownload theme free