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Albanian opposition accuses IMF for supporting dubious privatization in Albania

Tirana, May 18 (AENews) – A small opposition party, the National Movement for Development (LZHK) has accused today the International Monetary Fund (IMF) of supporting the government’s controversial privatization of Albtelecom, the national fixed-line company.

Societe Generale, Banca Intesa and other banks interested in buying Banka Italo-Shqiptare

Tirana, May 16 (AENews) – Societe Generale, Banca Intesa and other international financial groups have expressed interest to participate in the private bid for 100 % of common shares of Banka Italo-Shqiptare, (BIA), currently one Albanian’s most important banks.

An Italian group close to starting a EUR538 million hydropower plant project in Albania

Tirana, May 15 (AENews) – The Albanian government has approved a concessionary contract for the Italian group TASSARA-GEOTECNA-KINGLOR to build the third biggest hydro power plant in Albania. “The project is estimated to be EUR538 million”, the government declared yesterday.

USD 1 Million Invested for the Vlora Port Customs Center

Tirana, May 12 (AENews) – Benefiting from a USD 1 million investment contributed by the British Government, the Vlora Port has started operating a new vehicle control center which is expected to be a step forward in the fight against contraband and illegal trafficking of humans, narcotics from this port toward the shores of Italy, [...]

Fifty companies to be privatized in Kosova

Tirana, May 10 (AENews) – Following is a press release from Kosovo Trust Agency, to announce the fifth wave of privatizations in the province administered by the United Nation Mission, UNMIK.

A unknown Turkish company close to buying Albtelecom

Tirana, May 10 (AENews) – A Turkish consortium created by Turk Telecom and a little known company named Calik Enerji, are close to acquiring 76 % of shares of the Albanian fixed line telecommunication company, Albtelecom.

Albania presents new draft law over industrial property protection

Tirana, May 5 (AENews) – Today the Albanian government submitted a new draft law to the Parliament which seeks to improve the protection of copyright over industrial patents including, for the first time, the protection of software copyrights.

Italian-Albanian Bank out for sale

Tirana, May 5 (AENews) – Italian-Albanian Bank will be put up completely on sale in May. Its three shareholders, the Ministry of Finances holding 40% of shares, CapItalia Group holding 40% and the European Bank for Reconstruction and Development (EBRD) 20 %.), announced the news.

Italian-Albanian Bank out for sale

Tirana, May 5 (AENews) – Italian-Albanian Bank will be put up completely on sale in May. Its three shareholders, the Ministry of Finances holding 40 % of shares, CapItalia Group holding 40 % and the European Bank for Reconstruction and Development (EBRD) 20 %.), announced the news.

Government wants to sell Tirana’s oldest hotel

Tirana, May 4 (AENews) – The National Privatization Agency announced today the opening of the bid for Hotel Dajti, the oldest hotel in the capital Tirana.

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