Albania the Only Country in Europe Without an Official Living Wage

Albania the Only Country in Europe Without an Official Living Wage

Albania has not yet officially estimated a living wage, which would make it the only country in Europe to be in such a situation.  According to the Voice of America, the experts believe that the Albanian government do not officially

Read Full Article
In the Fourth Quarter of 2020, Construction Permits in Albania Increased by 2.3 Times Compared to 2019

In the Fourth Quarter of 2020, Construction Permits in Albania Increased by 2.3 Times Compared to 2019

The Institute of Statistics (INSTAT) has published a report on the construction permits issued in Albania in the fourth quarter of last year, where the area increased 2.3 times compared to the same period in 2019. In numbers, that could

Read Full Article
President Meta Returns Tirana’s International Airport Concession Back to Parliament

President Meta Returns Tirana’s International Airport Concession Back to Parliament

President Meta returned today the concession of the Tirana International Airport back to Parliament, with the motivation that the extension with 13 years of the concession is “unconstitutional.” “The Parliament has changed the concession agreement of the “Mother Teresa” International

Read Full Article
Arbitration Cases: Albania Could Lose Potentially 450 million Euro

Arbitration Cases: Albania Could Lose Potentially 450 million Euro

According to the magazine Monitor, Albania could be facing 450 million Euro of damages in all its arbitrage cases. Monitor has done a thorough analysis of all the arbitrage cases that are now under investigation, that involves the state of

Read Full Article
Ambassador Zingraf: Further Steps Are Needed to Improve the Investment Climate

Ambassador Zingraf: Further Steps Are Needed to Improve the Investment Climate

In a virtual meeting dedicated to the current business situation in Albania, the German Ambassador Peter Zingraf said that German and foreign companies are often sceptic about the business climate in Albania. “And I agree: Despite the many efforts, there

Read Full Article
Banks’ profit fall by 21% from January to November 2020

Banks’ profit fall by 21% from January to November 2020

The profit of the banking sector during the period January-November 2020, saw the lowest level since 2016, reaching the value of 14,35 billion ALL, or around 116 million euros. For the same period of time in 2019, the net profit

Read Full Article
Albania invites bids for the Port of Vlora concession

Albania invites bids for the Port of Vlora concession

The Ministry of Infrastructure and Energy has announced the opening of the tender procedures for granting Port of Vlora as a concession. The winning bid will need to design, construct, operate and maintain the port for 35 years. In the

Read Full Article
Becchetti seizes Albania’s assets in Belgium

Becchetti seizes Albania’s assets in Belgium

The Belgian media L’Echo, declared yesterday that the Italian businessman Francesco Becchetti, has started to seize Albania’s assets tied to the Eurocontrol organization in Belgium. In 2019, the International Centre for the Settlement of Investment Disputes at the World Bank

Read Full Article
After Kosovo, Albania to create a network with North Macedonia in the energy field

After Kosovo, Albania to create a network with North Macedonia in the energy field

After the inauguration of a 400kW power line between the grids of Kosovo and Albania in mid’ December, Prime Minister Edi Rama declared that Albania’s next project will be the construction of a similar power line with North Macedonia. “Let

Read Full Article
Kastrati Group buys Tirana International Airport for 71 million euro

Kastrati Group buys Tirana International Airport for 71 million euro

Kastrati Group, the biggest group in Albania, has bought the concession of Tirana International Airport, with a value of 71 million euro, from the Chinese “Real Fortress Private Limited”. The deal will make Kastrati the only owner of the only

Read Full Article