Economy

”Brand Albania”, an excellent opportunity for Albanian agritourism

Soon the Albanian market will see the creation of a national brand in order to support agro-business and the development of tourism. The government in cooperation with different organizations sill promote the local production of the highest quality, aiming to develop economy and tourism. The representative of USAID in Albania, Catherine Johnson declared that ai???ai??i?? Project ai???Brand Albaniaai??i??ai??i?? has an ...

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Albania-EBRD Memorandum to Foster Lending in Lek and Capital Market Development

The Governor of the Bank of Albania, Gent Sejko, signed on behalf of the Bank of Albania the Memorandum of Understanding for promoting cooperation on the use of the national currency and the development of the local capital market in Albania, between the European Bank for Reconstruction and Development (EBRD) The Bank of Albania and the Ministry of Finance and ...

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Rama in London: EBRD important to Albania

The European Bank for Reconstruction and Development welcomed the prime ministers of six Western Balkan countries in London, including Prime Minister Edi Rama. In an interview given before this summit, Rama said he was very pleased to attend this summit and have the opportunity to express in front of everyone what Albania has done so far and what it will ...

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EUR 440 million for the gasification master plan

Albania is preparing to install the gasification network after the introduction of TAP, the Trans Adriatic Pipeline. So far, 70 percent of the works have been completed. The first cities that will benefit gas are Vlora, Fieri and Ballshi. The recently approved gas master plan foresees the extension of the gasification map to other important landmark sites, from north to ...

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EBRD: ai??i??35 mln for Tirana-Rinas-Durres railway construction

The Albanian government has approved the grant agreement with the European Bank for Reconstruction and Development (EBRD) for financing the rehabilitation project of the Tirana-Rinas-Durres railway line. The investment grant from the European Western Balkansai??i?? joint fund amounts to ai??i??35.4 million. The Railway Directorate is expected to open at the end of February a 100m-euro tender for the reconstruction of ...

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BoA warns consumers on high risks of virtual currencies

The Bank of Albania has issued a warning of the European Supervisory Authority (ESA) on its official website to consumers regarding the high risk of virtual currencies assessing them as unregulated products, unsuitable for investments, savings or retirement planning. Virtual Coins are a digital representation of value that is neither issued by a central bank or a public authority, nor ...

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Balkans-EU transport network increase expected to bring funds to Albania

The progressive integration of transport networks between the EU and the 6 Western Balkan countries, Albania, Bosnia and Herzegovina, Macedonia, Montenegro, Serbia and Kosovo will be made through the transport community, an institution that will coordinate regional projects and implement the European legislation on all types of transport, road, sea, railway and air transport.The headquarter will be located in Belgrade ...

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SHELL launches research in Block 4 in Shpirag

The government has finalized a new contract for another major foreign investment in Albania. The well-known company SHELL launches research also in Block 4 in Shpirag and follows the oil exploration program, based on the high expectations that have emerged from the research so far in Blocks 2 and 3. Attending the ceremony, Prime Minister Rama said that SHELL’s presence ...

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INSTAT: Albanian export positive trend

INSTAT released figures on Monday about the Albanian exportAi??which keeps growing. During January 2018 Albanian export marked an increase of 23.6% or ALL23 billion as compared with the same period last year The 23.6 % annual growth in exports was mainly driven by a good exports performance of construction materials, textiles, leather and footwear and food products. Exports of the ...

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Cutillo: Albania deserves the opening of negotiations this year

“Albania deserves the opening of negotiations this year, thanks to its huge efforts Albania has made over these years and if this happens, Albania will face a new challenge, modernizing the economic system to adapt it to European legislation and put it in a position to gain benefits from this integration. They are strong, important challenges, which require a great ...

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