AlbanianEconomy.comYour News from Albania
Albanian state power monopoly opens binds in latest energy tender
Tirana, Feb. 28 (AENews) – The Albanian Power Corporation (KESH) has already opened the bids in the tender for the purchase of electricity for a nine month period starting from 1 April 2006. KESH’s request was for 1436 GW/h and a budget of EUR 49.5 million.
Exports, lowest increase in 15 years
Tirana, Feb. 25 (AENews) – In 2005 Albanian exports grew by only 6%, marking thus the lowest level of growth since the crisis of 1997. There was zero growth for textiles and shoes which is the group that makes 60% of all exports.
Government proposes incentive for emigrants to invest in Albania
Tirana, Feb. 24 (AENews) – On Wednesday, Prime Minister Sali Berisha told Albanian Parliament about the latest initiative of his government to provide emigrants with a 3-5 year tax exemption incentive to invest in Albania.
Albanian T-Bonds reach historical low (Table)
Tirana, Feb. 23 (AENews) – Albanian T-bonds yield rate fell to an historic low during Bank of Albania’s latest auction.
Albania signs Memorandum of Understanding with Kosova on money laundering prevention
Tirana Feb. 21 (AENews) – Albanian Ministry of Finance signed today a “Memorandum of Understanding” on money laundering prevention with UNMIK, (UN administration of Kosova).
EU signs SAA with Albania
Tirana, Feb. 19 (AENews) – The European Commission President, Jose Manuel Barroso signed on Friday (Feb. 17) in Tirana the Stabilization and Association Agreement (SAA) with Albania, meanwhile conveying to the Albanian authorities the idea that this step should be viewed as ‘another compromise’.
Bank of Albania concerned over rapid growth of lending (Table)
Tirana, Feb. 21 (AE) – Central Bank of Albania (BoA) announced recently that rapid growth of lending during the second quarter of 2005 could result in worsening loan portfolios.
Albanian companies shopping in Kosova
Tirana, Feb. 16 (AENews) – Albanian companies from Albania and Kosova were very active during the last tender organized by the Kosova Trust Agency (KTA) for the sale of the Beer factory “Birra Peja” and Grand Hotel, the KTA announced.
Banks in Albania increase capital and improve their ROE
Tirana, Feb. 16 (AENews) – During 2005, the Albanian banking system increased for the first time the shareholders equity ratio resulting in growing levels compared to total assets levels.
Albtelecom announced FY 2005 preliminary results
Tirana, Feb. 15 (AENews) – The Albanian fixed line telephony Albtelecom announced that during 2005 revenues had grown by 3.7%, reaching LEK 13.3 billion (USD 128 million, EUR 108.4 million).
