Albania to present the first tender on wind power plants

Albania to present the first tender on wind power plants

The Albanian government has expressed its interest on presenting the first tender on the creation of wind power plants, which is expected to contribute significantly to the future of the energy sources in Albania, and reduce gas emission into the

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Albanian tourism fell 50% between January and September, EUROSTAT says

Albanian tourism fell 50% between January and September, EUROSTAT says

According to the European Statistical Office, Albanian tourism dropped 50% between January and September, compared to the same period in 2019. The number of nights spent in tourist accommodation in Albania fell from 2.8 million in 2019, to just 1.4

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“Salillari” and “UTS-01” to build the road connecting Milot-Morina Highway with Kukës Airport

“Salillari” and “UTS-01” to build the road connecting Milot-Morina Highway with Kukës Airport

The joined proposal of “Salillari” and “UTS-01” to build the road that connects Milot-Morina Highway with Kukës Airport was proclaimed successful by the Albanian Road Authority. At least 7 companies were in competition during the tendering process. The total sum

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The business sector in Durrës hit hard by the earthquake and COVID-19

The business sector in Durrës hit hard by the earthquake and COVID-19

A survey conducted by the Open Society Foundation on 500 business subjects in Durrës, on the impact of the November earthquake and COVID-19 pandemic, found that 80% of the business related to tourism have had drastic fall of revenues in

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“Kastrati” group in negotiation to buy “Tirana International Airport”

“Kastrati” group in negotiation to buy “Tirana International Airport”

“Monitor” magazine broke out the news that “Kastrati” Group, the biggest group in Albania, is in negotiation to buy the shares of “Tirana International Airport” from the Chinese “Real Fortress Private Limited”. According to “Monitor”, the transaction will be finalized

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EU and EBRD supports strategic road sections in Albania and Kosovo

EU and EBRD supports strategic road sections in Albania and Kosovo

The Tirana bypass, a 21.5 km long section of the Mediterranean Corridor, will benefit from an investment grant by the European Union as well as finance from the European Bank for Reconstruction and Development. The bypass will provide a key

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Prices of imported goods increases in the third quarter of 2020

Prices of imported goods increases in the third quarter of 2020

INSTAT reported that for the third quarter of this year, the Import Price Index reached 94.6%, which saw an increase of 0.9% from the same period of the last year. Compared with the second quarter of 2020, the Import Price

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Kosovo approves 560 Million Euro for economic recovery

Kosovo approves 560 Million Euro for economic recovery

The Parliament of Kosovo approved with 72 votes the new law on providing financial aid to individuals and business for a sum of 560 Million Euro. The proposal of the opposition Democratic Party of Kosovo was well received by the

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Albania last in Europe for fiscal measures to handle Covid impact

Albania last in Europe for fiscal measures to handle Covid impact

Albania compared to all the other countries in Europe offered less fiscal measures in the 2020 budget in relation to Gross Domestic Product to cope with the consequences of the pandemic in the economy, according to the International Monetary Fund

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Government to assist SMEs with wage subsidies

The Albanian government has decided to help small and medium-sized businesses due to the situation they are going through with the global coronavirus pandemic. A decision of the Council of Ministers explains that assistance will be given to those businesses

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