Darfo plans to buy the chrome of smaller companies

Tirana, March 31 (AENews) – The Albanian unit of the Italian copper smelter Darfo plans to buy about 60 million tons chrome minerals from smaller private businesses operating in this sector, said sources from the company.

Written on March 31, 2005 | Posted in Business | No comment

Multifaceted political struggle in Tirana

Tirana, March 30 (AENews) – Today Albania is only three months away from general elections which will refresh our unicameral parliament with 140 seats.

Written on March 30, 2005 | Posted in Politics | No comment

Internal war in the Socialist Party of Albania revives pyramid financial scandal of ‘97

Tirana, March 19 (AENews) – An internal war for the control of post election situation in governing left-wing party, Socialist Party of Albania, has revived the debate about the financial collapse of the pyramidal schemes which caused major civil turmoil in 1997.

Written on March 19, 2005 | Posted in General News, Politics | No comment

Loan portfolio of Albanian banks grew by 37 percent during 2004

Tirana, March 17 (AENews) – 2004 Year-end Loan Portfolio for Albanian banks reached a total of Lek70 billion 2004, (EUR555 million), announced Bank of Albania today. The loan portfolio grew by 37 % in 2004.

Written on March 17, 2005 | Posted in Banking & Finance, Economy | No comment

An unknown Italian businessman bought recently the Albanian bank Dardania for EUR5 million

Tirana, March 17 (AENews) – Albania’s smallest bank, Dardania, was sold in January 2005 for EUR5 million , declared in Tirana its General Manager Beqir Mezelxhiu.

Written on March 17, 2005 | Posted in Banking & Finance, Business | No comment

Albanian branch of Alpha Bank declares profit fall for FY 2004

Tirana, March 15 (AENews) – Albanian branch of Alpha Bank declared net profit had fallen to EUR3.1 million for FY 2004 from EUR3.88 million during FY 2003, according to bank officials reporting on highlights of the balance sheet after the 2004 audit.

Written on March 15, 2005 | Posted in Business | No comment

Albanian automotive dealer gross revenue reached EUR 31 million

Tirana, March 14 (AENews) – During 2004 Albanian automotive dealers increased their gross revenue to around EUR31 million, according an estimation by “Biznesi” daily in Tirana.

Written on March 14, 2005 | Posted in Business, General News | No comment

Albania eager for international support to boost tourism

Tirana, March 12 (AENews) – The Government of Albania invited international donors to support a Coastal Zone management and clean up program, in an effort to boost its tourism income especially in the southern Ionian shores bordering Greece.

Written on March 12, 2005 | Posted in Economy, Tourism | No comment

Albanian insurance market grows by 12.3 %

Tirana, March 9 (AENews) – The Albanian insurance market grew by 12.3 %, declared the Albanian Insurance Supervisory Agency. During 2004 the total sale of policies reached Lek4.2 billion, (about EUR33 million).

Written on March 9, 2005 | Posted in Business | No comment

National Commercial Bank of Albania, (BKT) announced FY 2004 results

Tirana, March 8 (AENews) – Second biggest bank in Albania, BKT, announced strong financial results for FY 2004.

Written on March 8, 2005 | Posted in Banking & Finance | No comment

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