Economy

EU countries,main trade partners with Albania

  The countries of the European Union, especially Italy, remain the main trade partners of Albania. The quarter report of the monetary policy of the Bank of Albania, noted that these countries remain the main trade partners in exports and imports. The increase of the hydrocarbons and the electric energy, has affected the increase of the weight of the partners ...

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Mutual agreement between Albania and Greece for the use of driving licenses

The agreement between Albania and Greece for mutual recognition of driving licenses has entered into force and is expected to significantlyA� facilitate the lives of Albanian citizens who work and live in neighboring countries but also those who travel to and from. Mutual recognition of driving licenses is a positive development as it will create greater ease of movement and ...

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”Financial Times” praises touristic season in Albania

The prestigious “Financial Times” praises Albania, and underlines that 2018 is one of the best touristic season that the country is experiencing. Pm Edi Rama, through his Facebook page, posted the foto of Biza, which was selected by Times as the photo of the day. Financial Times stressed that Albania is undergoing through one of the best touristic seasons the ...

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NATO’s spokesperson announces the transforming project for Kucova Air Base

NATO spokesman Piers Cazalet announced that NATOA�will invest about 51m euros in the air basin of Kucova. “The NATO plans to modernize the air force of Kucova in Albania. This investment will improve the infrastructure of the air base and the surrounding premises . This project is financed as part of NATO’ security program.A� This program is a consolidation of ...

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High flux of people moving in border crossings in Albania

The border crossings in Albania are facing a high influx of tourists that have booked their vacations in our country.A� On the 4th of August, 53.000 citizens and 12.300 vehicles have crossed the territory of Albania through all the border crossings. The numbers were made public by the head of the Police Force, Mitat Tola, during a press release. a�?a��For ...

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Kosovo Assembly Speaker Veseli: Private sector development is key to economic development

Kosovo Assembly Speaker Kadri Veseli stated during a visit to the American Chamber of Commerce that private sector development is key to economic development. Veseli stressed out that the preparation and training of the workforce would directly affect the growth of the economy and that visa liberalization will be a boost to businesses and society. Further, Veseli cited the grant ...

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Electricity Distribution Operator: Electrical energy losses fell to 25.4 %

The Electricity Distribution Operator announced that electrical energy losses fell to 25.4 percent in the first half of the year, marking the lowest level in many years. “The main indicator, the level of network losses, January-June 2018, was 25.4 from 28.6% in 2017 for the same period, while before starting the reform, the level of losses was 45.3%,”A� Director of ...

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International tender opened for 70 mln Euro investment for a photovoltaic power plant

The Ministry of Energy has opened an international tender for the first large photovoltaic plant, which will be built in the Akernia area of a��a��Vlora. According to the project, the solar park will have a minimum installed power of 50 megawatts and a total investment value of 70 million euros.A�Through press releases in the international press, the Ministry has called ...

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Gjiknuri: A tourist airport to be opened soon in Saranda

Minister of Infrastructure and Energy Damian Gjiknuri accompanied by the MP of the SP Alket Hyseni visited several new hotel businesses in Saranda and Ksamil. “We had the opportunity to visit and see from close some hotel businesses that were recently opened in Saranda and Ksamil. We had the opportunity to talk with people operating these businesses as well as ...

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BoA Governor Sejko: Employment upward trend

Governor of the Bank of Albania, Gent Sejko says that employment has increased and the unemployment rate has fallen to 12.5%. Governor of the Bank of Albania, Gent Sejko confirmed today that the fall in unemployment at 12.5% a��a��is the lowest historical unemployment rate registered in Albania, while progressive growth of the total number of employees in Albania is being ...

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