AlbanianEconomy.comYour News from Albania
Bulgaria, Fyrom, Albania, Italy Speed up Corridor 8 Construction
March 2006 – Bulgaria, Italy, Albania and Fyrom agreed to speed up the construction of Pan-European Transport Corridor 8, Sofia News Agency reports.
Kurum agrees to invest; KESH agrees to lower electricity price
Tirana, March 9 (AENews) – Only after agreeing to a EUR 10 million investment for the construction of an electricity substation by the Turkish steel company Kurum, the Albanian Power Corporation (KESH) was finally convinced to lower its price for the electricity provided to the company.
Statement of AMBO President & CEO Mr. E.L. Ferguson Following His Visit To Tirana Last Week
Tirana, March 9 (AENews) – "AMBO has reached a stage in its development where it is timely to start the work of determining the route of the pipeline in a more detailed and defined way than has been done to date," a press release by AMBO president Ted Ferguson said.
Albanian government near anti-monopoly measures for both mobile operators
Tirana, March 7 (AENews) – Albanian authorities are close to commence with supervision of mobile telephony service tariffs, under allegations of abuses with their market dominating position for both mobile operators.
AMC to invest another EUR 40 million in 2006
Tirana, Feb. 7 (AENews) – Projected investments in network extension and improvement of customer services for 2006 are planed to reach EUR 40 million, reported Stefanos Oktapodas, executive director of the Albanian Mobile Communications (AMC) during a press conference.
Good growth for National Commercial Bank of Albania (table)
Tirana, March 5 (AENews) – Albania’s second biggest bank, National Commercial Bank of Albania (BKT) announced financial results for FY 2005 presenting total assets growth of 14.65%, and a net profit growth of 64.54%.
AMBO pipeline neglected, Albanian government accused of “national treason”
Tirana, March 4 (AENews) – Albania government asked AMBO’s president Ted Ferguson to move the pipeline outpost from Vlora to another costal point of Albania for “environmental reasons”.
AMBO pipeline neglected, Albanian government accused of “national treason”
Tirana, March 4 (AENews) – Albania government asked AMBO’s president Ted Ferguson to move the pipeline outpost from Vlora to another costal point of Albania for “environmental reasons”.
AMBO Director, Ted Ferguson, to visit Albania
Tirana, March 2 (AENews) – AMBO President, Ted Ferguson, is expected to arrive today in Albania on a visit to discuss with local authorities regarding several aspects of the Trans-Ballkan pipeline project, daily newspaper Shekulli announced.
Belle Air starts regular flights
Tirana, Feb. 1 (AENews) – A new low cost Albanian airline company, Belle Air, is to start regular flights this week to several destinations in Italy. Belle Air will become the 14-th airline company flying out of the “Mother Teresa” International Airport.
