The International Airport of Vlora Will be Built by Behgjet Pacolli’s Mabetex Group

The International Airport of Vlora Will be Built by Behgjet Pacolli’s Mabetex Group

Prime Minister Rama and the Minister of Infrastructure and Energy Belinda Balluku announced today the winner consortium of the International Airport of Vlora, “Mabco Construction”, part of which is Behxhet Pacolli’s Mabetex Group, which owns 50% of the shares of

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DP Submits to SPAK the Lawsuit for the Concession in the Field of Hydrocarbons

DP Submits to SPAK the Lawsuit for the Concession in the Field of Hydrocarbons

The Secretary-General for Legal Affairs of the Democratic Party Çlirim Gjata, and the former MP of the DP Agron Shehaj, submitted to the Special Anti-Corruption Structure (SPAK) the lawsuit for the “concession in the field of hydrocarbons”. “In his last

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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

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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

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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

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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

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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

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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

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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

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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

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