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
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
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
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
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
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
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
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
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
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
