AlbanianEconomy.comYour News from Albania
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 of Top
Media. Tax authorities [...]
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 to Albania's Third Battalion [...]
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.
