AlbanianEconomy.comYour News from Albania
Albania’s loans portfolio grew to LEK110 bn (EUR895 mln, US$1bn), Central Bank report
Tirana, Jan. 16 (AENews) – Loans portfolio of commercial banks reached LEK110 bn in October, or 57 % y-o-y compared to end of 2004, Central Bank announced in its latest monthly report.
AAEF invests in Albanian economy (by SETimes)
Now in existence for more than a decade, the Albanian-American Enterprise Fund (AAEF) has invested nearly $62m in different sectors of the Albanian economy, with transparency, law enforcement and the fight against corruption seen as key issues on its agenda.
Latest ABA branch opens in Lushnje
Tirana, Jan. 13 (AENews) – As part of its expansion plans, the American
Bank of Albania opened yesterday its latest branch in the city of
Lushnje. The new Lushnje branch will provide the full range of ABA
banking services and products for both its corporate and individual
customers.
German government signs EUR11.4 mln in loans for Albania
Tirana, Jan. 12 (AENews) – KfW Bankengruppe has signed recently four agreements with the Albania government for a total of EUR 11.4 mln in low interest rate loans. The loans will provide financing for energy sector projects, family planning activities and technical assistance for further cooperation in the tourism and environment area.
World Bank launched a new three year agreement with Albania
Tirana, Jan. 11 (AENews) – World Bank’s Board of Executive Directors discussed Thursday a new Country Assistance Strategy (CAS) for Albania, a document which includes further lending programs of USD 196 million financed by IDA and IBRD, – World Bank officials announced today.
KESH signs contracts with EFT and OGL
Tirana, Jan. 9
(AENews) – Albanian Power Corporation (KESH) has signed two new contracts to
start importing electricity and has plans to sign other contracts, General
Director of KESH, Andi Beli, announced today.
Italy reopens aid projects for Albania
Tirana, Jan. 5 (AENews) – The Italian government announced it would reopen aid projects to provide Albania with low interest rate loans reaching a total of EUR 73 mln. The official Italian representatives in Tirana announced that the General Directorate of Cooperation for Development (GDCD) had approved seven such projects for the infrastructure and energy sectors.
KESH Int’l tender canceled, electricity to be purchased directly (Table)
Tirana, Jan. 4 (AENews) – The Albanian government canceled tender negotiation procedures to start negotiations for the purchase of electricity directly from six companies. The direct purchase of electricity will enable KESH to provide for country’s needs during the first quarter of 2006.
