AlbanianEconomy.comYour News from Albania
BKT Bank Albania increases its paid up capital
Tirana, Dec. 30 (AENews) – The National Commercial Bank (BKT) (Albania’s second biggest bank in assets), announced it has increased its paid up capital by USD 10 million using allocation of the balance of retained earnings of LEK 859 mln and reserves of LEK 139 mln, as of Aug. 31, 2005 (USD 1= LEK 99.86 [...]
Albania seeks to introduce new economic indicators in 2006
Tirana, Dec. 30 (AENews) – Bank of Albania published today its monetary policy framework paper for 2006. The paper included the inflation target, the M3 objective and limits for government direct financing.
Union Bank receives banking license in Albania
Tirana, Dec. 29 (AENews) – Union Bank received today its banking license permit from Central Bank of Albania to commenc operation of a new bank.
Political handover causes demonopolization of Albania’s exotic fruits market (Table)
Tirana, Dec. 27 (AENews) – Albanian newspapers announced that this year’s political handover has caused a de-monopolization of exotic fruits’ market in Albania.
Albanian Economy 2005, growth lower then expectations (Table)
Tirana, Dec. 27 (AENews) – “Economic growth was slower this year due mainly to the energy crisis,” Ministry of Finances announced in its year-end analysis.
The first super-furniture store opened recently in Tirana
Tirana, Dec. 22 (AENews) – Euro Druri company inaugurated last week their brand new super-furniture store called My Home. With an EUR 4 million investment, the new super-furniture store My Home boasts of 12,000 m2 of storage space and 9,000 m2 of showcasing areas.
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Food industry review
Tirana, Dec. 13 (AENews) – Albania's milling industry uses mostly imported grain. The five important milling plants in the country cover about 50% of market needs according the data from the factories and the Ministry of Food & Agriculture. Total investments in this sector reach EUR20 million for 2004.
Albanian Mobile Communications fined with USD 1.61 million by Competition Authority
Tirana, Dec. 13 (AENews) – Albanian Competition Authority imposed today a fine of 1% over the yearly turn-over (for 2004) for the Albanian Mobile Communications (AMC) company for not having submitted the financial reports required under the current antitrust investigation being conducted by the Competition Authority. This fine amounts to ALL 168 million (USD 1.61 [...]
Albania, Government submits 2006 budget draft
Tirana, Dec. 3 (AENews) – Ministry of Finances submitted to Parliament the budget draft for 2006, meanwhile the opposition accused the government of trying to evade its discussion by getting it passed quickly.
