AlbanianEconomy.comYour News from Albania
Albanian businesses offer EUR 150 million for a piece of Albtelecom
Tirana, Sep. 19 (AENews) – An Albanian consortium of businesses is prepared to offer EUR 150m more for the 74% stake of shares from the State owned fixed line corporation Albtelecom. This offer is EUR 30m higher than the original and single offer which was made by the Turkish consortium of Calik Group and Turkish [...]
Small business and on profit taxes merged into one
Tirana, (AENews) Sep. 13 – Starting January 1, 2007 the small business local tax and the simplified profit tax will be merged into one. Moreover, the new tax will be administered by the local government, said yesterday Deputy Minister of Finance Florjon Mima.
Calik Group nearing final steps in Albtelecom’s acquisition
Tirana, (AENews) Sept. 12 – Turkish consortium composed by Calik Group and Turkish Telecom could resolve their problems in acquiring Albanian Albtelecom after one year of political disapproval from the Albanian side.
Medoil Signs Petroleum Sharing Agreement w/Albania
Tirana, Sep. 5 (AENews) – Ministry of Economy, Trade and Economy signed yesterday a Petroleum Sharing Agreement (PSA) with the London based oil and gas exploration company MedOil, on 4 Sep. 2005. The PSA will now be presented for ratification by the Council of Ministers, which the directors expect to take place in late October, [...]
Albania, doubtful loans increased 127%
Tirana, 04 Sep. (AENews) – Under standard loans have more then doubled in the first half 2006 in Albania, Bank of Albania (BoA) announced in its periodical report for Financial Stability.
