AlbanianEconomy.comYour News from Albania
No hope for visas liberalisation
Foreign Minister of Czech Republic Karel Schwarzenberg said today in Tirana that “there are very limited possibilities to achieve visas liberalization for Western Balkans during Czech presidency of European Union.
Bank of Albania keeps base interest rate unchanged
Bank of Albania decided to keep unchanged the base interest rate in the country at 6.25%, concluding that inflation is under control and that supply side pressure is diminishing.
Italian company interested to build electricity plant using urban waste
Italian company “MA&D Power Engineering”, signed agreements with local government of two cities in Albania to use urban garbage to produce electricity, in an project that aim to produce carbon emission credits and Green Certificates.
Earnings of BKT increased by 20% following corporate tax decrease
Sharp rise on interest expenses caused a decrease in profit before tax for the 9 months 2008 for National Commercial Bank, the second biggest bank by assets in Albania, financial data’s published today shown.
Albania wants to liberalize international flights
Albanian Government declared that it had agreed with Tirana Airport Partners consortium, (TAP), to compensate its losses and to liberalize international commercial flights in Albania
EU rebukes judiciary system of Albania
“Despite some progress, the fight against corruption and organized crime remains a major challenge”, report says. It says an overall anti-corruption strategy has not started, and emphasizes that corruption “remains widespread and serious problem”.
Three More Albanian Judges Sacked
Tirana, 29 Oct. 2008 – Albania’s High Council of Justice has dismissed three judges on counts of abuse of power.
The decision comes just days after the dismissal of two other judges, one on the count of corruption and the other on abuse of power charges.
PM: Global Crisis Will Affect Albania
Tirana, 28 Oct. 2008 – Albania’s Prime Minister Sali Berisha admitted on Tuesday at a business roundtable that the economy would be affected by the global economic downturn.
Albania is not directly affected by the crisis but will see a slowdown in emigrant remittances, which account for almost €1 billion every year.
Albanian government wants to sell minority stakes in formerly public-owned companies
Tirana, 29 Oct., 2008 (AENews) – Albanian government had drawn a list of minority stakes that it hold in different privatized companies, and intend to sell them in the next few months.
Interview: “Albania has passed a successful transition”
IMF permanent representative in Tirana Ann-Margaret Westin commented in an interview for AENews the 17 year-long agreement with Albania. The last agreement will expire in the January of the next year.
