AlbanianEconomy.comYour News from Albania
Albania to lift customs duties with EU tomorrow
Tirana, 30 Nov. 2006 – Deputy Minister of Finance Florion Mima said yesterday that Albanian customs system was committed to implementing a free trade regime with the European Union countries entering into force as of tomorrow.
Albanian Prime Minister accepts violation of UN sanctions against former Yugoslavia
Tirana, 30 Nov. 2006 (AENews) – Albanian Prime Minister Sali Berisha accepted today Albania’s violation of the UN sanctions against former Yugoslavia during 1993 and 1995 years of war in Bosnia and Croatia.
Albanian parliament to approve state budget 2007
Tirana, Nov. 28, 2006 (AENews) – Albanian Parliament is to aprove the state budged for fiscal year 2007, which begins in January 1. The draft-budget foresees revenues to amount to Lek 253 BN (USD 2.57 billion, Eur 2.06 BN), from which fiscal revenues are expected to reach LEK 230 BN. (USD 2.235 BN, Eur 1.87 [...]
Three banks agree to finance major infrastructure project
Tirana, Nov. 20 (AEnews) – Three private banks agreed to lend 10 million euro ($12.95 million) for the construction of Romano Port, the first private jetty in Albania, that will be used to handle the trans of oil, gas and their products in the coastal area of Porto–Romano, Durres.
ECF cement factory closed for environmental problems
Tirana, Nov. 20 (AENews) – The Environmental Agency of Albania, announced today the closure of a big cement plant in Elbasan, (central Albania), owned by an Anglo-Libyan company ECF.
Authority starts formal investigation on insurance market
Tirana, Nov. 14 (AENews) – Competition Authority of Albania announced today that it has opened a formal investigation over various products in the insurance market of Albania. The decission came after many reports that insurance companies had created cartels and in order to set fixed prices for Third Party Liability car insurance, international car insurance [...]
Albania near energy crisis
Tirana, (AEnews) Nov. 8 – Albania is expected to suffer long hours of blackout from January 2007, which will be caused by the impossibility to import electric power, a source from state owned monopoly KESH. sh.a said yesterday.
Moody’s Investors Service to evaluate Albania’s public debt
Tirana, Nov 8 (AE) – Albanian Government will be expecting to receive its first ratings about the country’s public debt in March 2007. “We expect that Moody’s Investors Service will give us an evaluation for the quality of short and long term public debt”, a well informed source at the Ministry of Finance reported for [...]
Albania pays old debts to Italian companies
Tirana, Nov 7 (AE) – Albanian Government have accept today to pay EUR 3.38 million in old debts towards Inalca S.p.a and Amed S.r.l, both Italian companies which had claimed their rights since 1991. The debts were incurred as a result of the collapse of Albanian economy after communism fell and the state owned enterprises [...]
Parliament says OK to the anti-tobacco law
Tirana, (AEnews) Nov. 7 – The Albanian assembly approved yesterday of the Law on Protection of Health Against Tobacco, with 100 votes in favour, three against and seven abstentions. The Law, which will enter into force after six months, prohibits smoking in bar and restaurants and bans advertising.
