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Bamir Topi elected Albania’s new President

Tirana, July 20, 2007 (AENews) Deputy Chairman of Democratic Party Bamir Topi, was elected today as Albania’s new President. Mr. Topi received 85 votes out of 90 by an agreement between the ruling coalition and six PM’s from the opposition Socialist Party. Inaugural ceremony will be held on Monday, 24 July.

“Albania will suffer power cuts for the whole year”, government confessed.

Tirana, July 19, 2007 (AENews) – Prime Minister Berisha and Minister of Economy Genc Ruli have accepted that the country is undergoing a complete electricity crisis and that power shortages are destined to continue.

Top Media charged with a EUR 13 million fine

Tirana, 13 July 2007 (AENews) Albanian tax authorities charged today Top Media with a huge fine of EUR 13 million, government sources told AENews. Top Media is the biggest media group in the country. The biggest television station in the country Top Channel, digital pay TV platform DigitAlb and daily newspaper Shqip, are all part [...]

Minister of Finance warns about negative effects of early elections

Tirana, July 10, 2007 (AENews) – Minister of Finance, Ridvan Bode, warned today, at a press conference, about the strong negative effect that early elections might have on the economy. “We are experiencing a difficult electricity situation”, Bode noted after presenting the a review of the new stability agreement with IMF.

Blackouts to start again in September

Tirana, July 4, 2007 (AENews) – State power monopoly KESH reported recently that the country would suffer long blackout hours in September due to insufficient levels of domestic production and the lower levels of imports, which would not guarantee normal supply.

Societe Generale nearing final steps towards the acquisition of Banka Popullore

Tirana, July 4, 2007 (AENews) – Bank of Albania is expected to approve the acquisition of Banka Popullore by Societe Generale in the next coming weeks. Societe Generale has acquired 75% shares for an undeclared amount from a consortium of local businessmen whom founded the bank three years ago.

Two foreign companies interested in Bushati hydropower plant

Tirana, July 4, 2007 (AENews) – Today the office of the Prime Minister reported about the intention of what it called “two major companies, Vatech Hydro and Pöyren Energy,” to build a 30 MW hydropower plant at Bushati zone, in the north of Albania. 

Albania’s new president, no compromise in sight

Tirana, July 4, 2007 (AENews) – The Albanian government and the opposition have not yet reached a compromise about their nominee for the president of Albania, raising thus the prospective for early parliamentary elections. After weeks of negotiations, both parties have finally presented their candidates, but refused their opponent’s candidates.

Albania sends another 113 troops to Afganistan

Tirana, July 2, 2007 (AENews) – This last week Albania sent another 113 peacekeeping troops to Afghanistan, aimed to becoming a useful country as it works at raising its prospective of becoming a NATO member. The new troops will work under the Italian command in the province of Herat, north of Afghanistan. The troops belong [...]

Greeks ask for water supply from Albania

Tirana, July 2, 2007 – (AENews) – Tirana newspapers reported today about an informal request made by the Greek government for the construction of a water pipe originating from the south of Albania towards the island of Corfu.

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