Economy

IMF expects the country’s growth to be 4% this year

The International Monetary Fund has increased the forecast for the expansion of the Albanian economy in 2018 in the last report of October’s “Global Economic Overview”. The Fund expects the country’s growth to be 4% this year, from 3.7% predicted in the previous report published in April (the report is published twice a year). This is the highest growth rate ...

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Private Public Partnership, a successful strategy in enhancing infrastructure

The construction of the roads through the Private Public Partnership remains a valuable alternative that enables access for the citizens to the new modern road axis. This was the declaration of the minister of Infrastructure and Energy, Damian Gjiknuri, that praised the initiative of the government for the development of the road infrastructure in our country, supported by the experience ...

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Energy Distribution Operator returns to electricity import

After 9 months, the Energy Distribution Operator returned this Sunday to electricity imports. There are about 9.3 million Euros tendered by Energy Distribution Operator to buy 112 thousand megawatts per hour of electricity from 7 to 20 October. The average price for peak hours is around 92 euros per megawatt hour and 77.4 euros per megawatt hour for the rest ...

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Schütz: Germany keeps contributing to the improvement of Albanian living standards

Germany contributes to improving the living standards in Albania. The German ambassador to Tirana, Susanne Schütz, announced that Germany would provide a high amount of aid to Albania in November. German Ambassador Susanne Schütz delivered the good news on the occasion of the German Union Day in Tirana. In her greeting speech, Schütz said that “in November this year, the Federal ...

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Three mobile phone companies in Albania to reduce by 17% the price of phone calls

From the 1st of December, the three mobile phone companies in Albania will reduce by 17 percent the price of phone calls. The decision was made by the Authority of Electronic and Postal Communications AEPC. While the mobile telephony sector in the country has been involved such developments that may lead to the change of ownership of the second largest ...

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WB “approves” 500 million euro Eurobond, a pretty good step

Albania plans to tap the international capital markets with 500 million euro Eurobond. This is the first time since 2015, receiving a 450 m Euro loan with a maturity of five years.The World Bank estimates a very good step. During the presentation of the report on the growth of the economy in the region, WB representatives were also asked about ...

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Deputy Pm Senida Mesi on official visit in Portugal

Deputy Pm, Senida Mesi in the framework of her visit in Portugal, met with the State Secretary for the Administration and Public Employment, Maria De Fatima Fonseca. During the meeting, Mesi informed Fonseca about the continuation and the dynamics of the Reform of the Public Administration in Albania. Mesi and Fonseca agreed on the importance of the efficient system of ...

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Tirana to host the 2018 Energy Expo for the region

On 5 and 6 October, the Albanian capital, Tirana will host the 2018 Energy Expo. This regional event focuses on Renewable Energy and Energy Efficiency. During this activity, market players are expected to present their products and services. This activity will also focus on the great potential that countries such as Albania, Kosovo, Montenegro, FYROM, Greece, Croatia and Serbia have ...

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Albania to apply for a new Eurobond loan

After a week of intense meetings with investors in some of the major European financial centers, today is expected the finalization of an important process for the Albanian economy and finances, and the credibility of the country in international capital markets. Albania intends to borrow up to EUR 500 million through Eurobond issuance, with a maturity of 5-7 years. A ...

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Ministry of Finance: ALL 294 billion were collected in total for the period January to August

The Ministry of Finance published yesterday the 8-month fiscal indicators of this year underscoring that ALL 294 billion were collected in total for the period January to August, or ALL 9 billion more than the same period last year. While total expenditures amounted to ALL 289.7 billion, an increase of 1.9 % or about 5.54 billion ALL more compared to ...

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