Economy

Government, 170 million euro investment in Albanian Alps

The Albanian government will invest 170m euros in roads, services and accommodation facilities in the Albanian Alps area. On the second day of the cabinet’s stay in Shkodra, the National Territorial Council, Deputy Prime Minister Senida Mesi presented the master plan of tourism for the Albanian Alps and the package of “Tourist Shkodra” projects. According to Mrs. Mesi, thisA� paves ...

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Rama: Adventure tourism great potential for the economic development of Albania

Adventure tourism is seen as a tourism for which Albania has a tremendous potential. Prime Minister Edi Rama was present at the event “Albania of adventure tourism”, where the first national adventure sports fair was organized at the Olympic Park. The head of government said that Albania is among those countries that God or nature has blessed it with a ...

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Gjiknuri: Railway and road transport corridors’ priority

The first meeting of Ministers of Transport and Infrastructure of Western Balkan countries was held in Brussels with the participation of representatives of the European Commission headed by the Transport Commissioner Violeta Bulc. In accordance with the transport treaty, this meeting was advanced with the decision-making on the establishment of the Transport Community, which will go in line with that ...

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Energy situation improved at Drini cascade after rainfalls

The hydro-energetic situation in Drin has improved after the recent precipitations. A�The Energy Corporation (KESH) reported that the energy reserve has been increased, 116 GW/h more than on November 28th, when rainfall started. The water level at Fierza hydro-power plant has reached to 273.16, that is 5 meters higher than before the rainfalls, as the water keeps flowing with 1000 ...

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Albanian economy in Italy, over 250 thousand employees

  A�Albanians make the biggest foreign community of labor force in Italy.The Italian Insurance Institution reported that currently there are 250,000 AlbaniansA� who work legally in Italy, paying taxes and social insurance. According to the data provided by this institutions, Moroccans are listed second as regards to the number of employed people reaching to 225,000. Chinese citizens are listed third, ...

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Moodya��s: Positive projections on the Albanian economy

International credit rating company, Moodya��s has upgraded its projections on the Albanian economy during this year and next year. According to Moodya��s report, until the end of the year, the Albanian economy is expected to grow up to 3.9%. This growth rate is also projected for next year. Meanwhile, for 2019, Moodya��s is projecting a 4% economic growth, thus becoming ...

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Albanian power exchange positive effect

Albania will soon have a power exchange, thus being one of the first countries in the region to have it. The steps that will be taken to set up this institution will be written down in a special bill that the government of Albania has now sent to Parliament. Meanwhile, the so called Albanian Power Exchange, which is an electronic ...

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Preliminary fiscal indicators for the first 3-month period of 2017

  Total revenues in the 3-month period 2017 were realized at the amount of 100.8 billion ALL or about 104 percent in relation to the plan of the period. Revenues from “Taxes and Customs” for the third quarter of 2017 were realized at All 89.6 billion, All 4.9 billion or 5.7% more than the first 3 months of 2016 and ...

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47 million Euros for 7 Municipalities’ acquaducts

Minister of Finance Arben Ahmetaj signed on behalf of the Albanian government three agreements with KfW for financing the Municipal Infrastructure III / IV Program, Water Supply and Sewerage Project for A�Berat-KuA�ova, Delvina, Gjirokastra, Kamza, Librazhd and Lushnja . All three of these funding, totaling 47 million euros, will be awarded through KfW through three financial agreements: German Government loan ...

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