AlbanianEconomy.comYour News from Albania
Paper Recycling in Albania Gets Boost
The European Bank for Reconstruction and Development will invest in Albania’s only paper firm to help it produce recycled paper and set up waste paper recycling networks.
Power Abuse Charge for Albanian Minister
Tirana, 25 Nov. 2008 – Albania’s Foreign Minister Lulzim Basha has been charged with abuse of power over alleged irregularities and misuse of public funds in the construction of the Albania-Kosovo highway.
Italy PM to Visit Albania to Seal Coal Plant Deal
Italian Premier Silvio Berlusconi will visit Tirana on December 2, in a bid to seal the Albanian government’s approval for the construction of two coal-fired power plants. Local authorities approved last week the construction of a large energy park in the Porto Romano area, close to the port city of Durres.
IFC Invests in Antea
IFC, a member of the World Bank Group, has agreed to provide €29.4 million in financing to Antea Cement to help the company build and operate a cement plant in Albania that would result in the creation of about 800 direct and indirect jobs while promoting the development of housing and infrastructure.
Macedonia Eyes €4 Bln Investment Plan
Macedonia plans to invest up to €4 billion in infrastructure projects over the next few years, safeguarding jobs that might otherwise be lost in the turmoil of the global financial crisis, the country’s Economy Minister said on Thursday
Macedonia Stocks Plummet, Limits Set
Macedonia’s flagship stock index dropped almost 7.9 percent in early trading on Friday, leading bourse authorities to impose daily trading limits of up/down 5.0 percent for the second time since the global financial crisis broke out in October
Titan signs contract in Albania
Greek cement and building materials producer Titan announces that it signed a contract with the IFC (International Finance Corporation) and the EBRD (European Bank for Reconstruction and Development) for their participation with both equity and debt financing in its subsidiary Antea Cement Sh. A. in Albania.
Albania To Build Two New Interconnection Lines
Tirana, Nov. 20, 2008 (AENews) – The Albanian government approved on Wednesday two different projects that intend to build electricity interconnection lines between Albania and Italy.
No Nuclear Energy Project Between Italy and Albania
Tirana, Nov. 20, 2008 (AENews) – Italian ambassador in Tirana Saba D’Elia, said on Thursday that “between Albania and Italy there is a goodwill for the development of nuclear plants but there are not real projects under discussion,” dismissing voices from the Albanian government pushing for such projects.
Albania Affected “Slightly” By Global Crises
Tirana, Nov. 20, 2008 (AENews) – The global financial Crises will have little effect on Albania, said the Minister of Economy Genc Ruli on Thursday, adding that his government was planning large investments in the energy field.
