AlbanianEconomy.comYour News from Albania
Albania modernizes address and civil registration systems with support from the OSCE Presence
TIRANA, 15 November 2007 – The Albanian
government's work to computerize the country's civil registry and create a new
address system was presented today at a conference organized by the OSCE
Presence in Albania together with the Interior Ministry.
Three ways to save KESH from bankruptcy
Tirana, 12 November 2007 – Director of the Albanian Power Corporation (KESH) Gjergj Bojaxhi said at a conference yesterday that the KESH was in serious financial difficulties and presented three ways to overcome them: getting loans from the banks; an emergency fund from the state budget or increasing power cuts. Bojaxhi argued against the first [...]
Competition Authority fines AMC and Vodafone Albania with 5.4 million dollars
Tirana, 12 November 2007 – A daily newspaper reports that the Competition Authority, after it has reviewed the issue of abuses of the two companies in the mobile phone market with their dominant position, concluded that both companies have established abusive fees to their costumers during the period of inquiry 2004-2005. “AMC” and “Vodafone” were [...]
Progress Report: Albania made no progress with regard to nuclear safety
Tirana, 12 November 2007 – Daily newspaper Shekulli quotes the European Commission’s
2007 Progress Report on Albania as saying that “no progress has been
made as regards to nuclear safety and radiation protection”.
Considerable efforts are still required for Albania to meet the
requirements of the Energy Community Treaty as regards transposition of
the acquis.” The daily also quotes an [...]
Albania with a nuclear plant
Tirana, 12 November 2007 (AENews) – The international media have paid
particular attention to the statement of the Albanian Prime Minister
that the government was looking into the possibilities to build a
nuclear plant that would provide electricity to Albania and others. The
Italian newspapers in particular, focusing on the Italian-Albanian
relations, note that Albania would invest about 3 billion [...]
PM’s adviser criticizes increase of interest rate
Tirana, 2 November 2007 (AENews) – Daily newspaper Koha Jonë quotes Prime Minister’s adviser on economy, Selami Xhepa, as saying that the increase of the interest rate for the Albanian currency would decrease private investments and increase the cost of the state debt.
Nishani promises identity cards before 2009 parliamentary elections
Tirana, 2 November 2007 (AENews) – Minister of Interior Bujar Nishani told the Members of Parliament (MPs) yesterday that identity cards and digital passports will be ready by the end of the next year, ahead of the 2009 parliamentary elections. He informed that the process on creating an electronic registry of citizens would start on [...]
Minister of Finance against increase of interest rate
Tirana, 1 November 2007 (ANEnews) – Minister of Finance Ridvan Bode said yesterday that the actions taken by the Bank of Albania to counterbalance inflation would not have an immediate effect. Bode evaluated the Bank’s actions as being accurate but added that as long as the inflation has not been caused by the demand, the [...]
Bank of Albania pessimistic about prices and inflation
Tirana, 1 November 2007 (ANEnews) – The Governor of the Bank of Albania Ardian Fullani warned yesterday that the increase of prices will continue. He also announced at a meeting of the Bank Board to discuss the report for the third semester of 2007 that the interest rate would be further raised, because the stability [...]
Berisha and Nano to give testimony about Albtelekom privatization to parliamentarians
Tirana, 1 November 2007 (ANEnews) – The ad hoc parliamentary inquiry
committee into the privatisation of Albtelekom decided at its first
meeting yesterday to summon Prime Minister Sali Berisha and his
predecessor Fatos Nano to give their testimony. Chairman of the
Committee, Marko Bello (Socialist Party) said that subject to the
inquiry would be the entire process of privatization during [...]
