2 Billion USD Investment Set to Transform Port of Durres

2 Billion USD Investment Set to Transform Port of Durres

A multinational real-estate development company will invest 2 Billion USD to turn the port of Durres into one of the largest and most modern marine ports in Europe. Emaar Properties is a world-renowned real estate company, responsible for the development

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New destinations at the Tirana International Airport

New destinations at the Tirana International Airport

After a very difficult year due to the pandemic, the future for the air transport industry in Albania doesn’t seem so bleak anymore, as the number of flights from the Tirana International Airport (TIA) is increasing. Since the beginning of

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The concession contract for the construction of the Vlora Airport has officially entered into force

The concession contract for the construction of the Vlora Airport has officially entered into force

The decision of the Albanian government to approve the concession contract for the construction of the Vlora International Aiport was published in the Official Journal last week. The contract has officially taken legal force, paving the way for the further

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The Covid-19 Pandemic drives away 7% of foreign businesses in Albania

The Covid-19 Pandemic drives away 7% of foreign businesses in Albania

Nearly 7% of foreign businesses closed their activities in Albania in 2020 due to the Covid-19 pandemic. According to the latest INSTAT data, the number of foreign enterprises in the country in 2020, decreased by 6.3% compared to the previous

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A speedy recovery for the hospitality sector? Yes and no.

A speedy recovery for the hospitality sector? Yes and no.

According to the latest data by INSTAT (Institute of Statistics), the number of hotel guests in the country in the first quarter of 2021 has increased by 6.3% compared to the same during last year, with the number of resident

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Never-ending emigration from Albania

Never-ending emigration from Albania

The emigration phenomenon is continuing unstopped. This was confirmed by the latest data from the Albanian Institute of Statistics. According to INSTAT, 423,700 Albanians have left to seek better opportunities abroad, between 2011 and 2020. As scary as this number

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Economy recovering faster than predicted, says Bank of Albania

Economy recovering faster than predicted, says Bank of Albania

The Albanian economy is recovering faster than predicted. This was emphasized by the Bank of Albania in its latest report on the monetary situation in the country. ‘’Economic recovery in Albania is continuing with a high rhythm, better than the

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The government signs the contract for the construction of Vlora International Airport

The government signs the contract for the construction of Vlora International Airport

The Minister of Infrastructure Belinda Balluku signed today the contract for the construction of the Airport of Vlora with the winning consortium “Mabco Construction”, part of which is Behxhet Pacolli’s Mabetex Group, which owns 50% of the shares of the

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Airport of Kukës welcomes its first passenger plane/ Aboard Rama and Balluku

Airport of Kukës welcomes its first passenger plane/ Aboard Rama and Balluku

The Airport Zayed – Flatrat e Veriut (North Wings) in Kukës greeted today its first passengers plane, where aboard were also Prime Minister Rama and Minister of Infrastructure Balluku. Although Rama had promised that the airport would have its first

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Albania real GDP will grow 4.5% in 2021, says the Vienna Inst. for International Economic Studies

Albania real GDP will grow 4.5% in 2021, says the Vienna Inst. for International Economic Studies

The new Vienna Institute for International Economic Studies forecasts for Eastern Europe suggests that Albania real GDP growth for 2021 will be 4.5%. This year the strongest growth according to the report will be seen in Montenegro (6.5%), Turkey (5.8%),

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