The government of Albania and the CEZ Group signed a contract for the sale of 76 per cent of the shares of the state-owned electricity distribution power utility, OSSH, the Czech corporation said in a press release on Wednesday.
The Albanian Ministry of Finance selected two international banks on Thursday from which it will borrow between €250 and 300 million, after its attempt to raise money through issuing bonds failed.
Macroeconomic indicators over the past three months confirm that the global financial and economic crisis is spreading to the economy of Bosnia and Herzegovina, the World Bank said, suggesting a list of immediate and medium-term countermeasures.
Albania’s trade registered a large slump in January compared with the same month in 2008, data published by the National Institute of Statistics show.
The International Monetary Fund, IMF, warned Albania on Saturday it should be prudent in its spending ahead of its general election on June 28 or risk possible threats to its macroeconomic stability.
Albania’s Foreign Minister Lulzim Basha appeared in front of the Supreme Court in Tirana on Friday on charges of abuse of power related to a mammoth highway project linking Albania’s Adriatic coast with Kosovo.
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