AlbanianEconomy.comYour News from Albania
Lower prices for electricity imports
Tirana, 28 Feb. 2007
(AENews) – KESH corporation announced it would lower prices for its electricity
imports scheduled for March. "Higher temperatures have lowered prices in the
regional electricity market by EUR 20 for MW/h", KESH officials noted.
During the electricity crisis of December 2006 prices for imported electricity
in the country toped to EUR 80 for MW/h.
Successful test for new airport terminal
Tirana, 28 Feb 07 (AENews) – A month before the dead line,
Tirana Airport Partners had tested successfully the new passenger terminal in
the sole international airport in the country.
GoA begins procedures to sell off its minority stake in AMC
Tirana, 28 Feb 07 (AENews) – Government of Albania (GoA)
had begun procedures to sell off its minority stake in the Albanian mobile
Communications AMC, the leading mobile operator in the country.
Profit hike for Albanian mobile operator AMC
Tirana, 27 Feb. 2007
(AENews) – Leading mobile operator AMC reported an increase in revenue and
profit during 2007, despite strong opposition from Albanian Authorities for non-competitive
practices.
Insurance market revenues grow by 12%
Tirana,
27 Feb. 2007 (AENews) – Albanian insurance market reported hiked revenues by
12% during 2006, Albanian insurance watchdog announced today. Revenues reached
Lek 4.507bn, (EUR 29.3mn USD 47mn).
Tirana Bank, excellent results for a second year
Tirana, 27 Feb. 2007 (AENews) – Tirana Bank reported today excellent results for the second consecutive year.
IMF urges Bank of Albania to stop loans rally
Tirana, 27 Feb. 2007 (AENews) – International Monetary Fund (IMF) has
advised Albania to bring under control the “mad credit rise rate”, urging for strong
measures to halt further increase in loans to private customers.
Government faced with important changes
Tirana, 27 Feb. 2007
(AENews) – Prime Minister Sali Berisha announced important changes for his government
and for the Democratic Party aimed at “strengthening efforts for further reforms in the
country”.
Cosmocell loses GSM licence in Kosova
Pristina, 22 Feb. 2007 (AENews) – Local consortium
Cosmocell, which last week won the tender for the second mobile operator in
Kosova, has now lost its chance after reporting that it was not able to pay the
EUR 81 million fee for the mobile license as offered in the bid, Kosova
Telecommunication Authority announced.
Government to privatize thermal power plants
Tirana, 22 Feb. 2007
(AENews) – Albanian government has decided to auction for privatization seven thermal power plants
under the "Albania 1 euro" initiative. Albanian thermal power plants
are situated in Tirana, Korca, Fieri, Cerriku, Kucova etc.
