AlbanianEconomy.comYour News from Albania
EBRD funds pan-European transport corridor
The EBRD’s Board of Directors has approved a €150 million sovereign loan to the Republic of Serbia to finance the construction of a new motorway section in Serbia, E-80, along the strategic Corridor X.
Philip Morris Serbia to Cut Jobs
Nis-based cigarette manufacturer DIN, majority-owned by Philip Morris International, needs reorganisation that will include redundancies, the company’s CEO Skip Bornhuetter said on Friday.
A Sultan’s Resting Place
Surrounded by empty fields and the odd three-story house, around ten minutes outside of Prishtina, is the grand memorial ground of Sultan Murad I, reportedly the only Ottoman sultan ever to die in battle.
Albania Banks Net Higher Profits (table)
Banks in Albania managed to earn 660 million lek, (5 million euro) in the first six months of 2009, thanks to better results achieved in June, statistics published from Albanian Banks Association shows.
Bosnia Staggers Closer to IMF Funds
Encumbered by petty political plots and growing social unrest, Bosnia is staggering closer to garnering a first loan tranche from the IMF.
Romania: IMF Promises Flexibility
The head of the IMF mission to Romania, Jeffrey Franks, said Thursday that the Fund is willing to be flexible in reviewing Romania’s reform progress.
Bulgarian Nuclear Project in Doubt
Sofia | 30 July 2009 | The future of Bulgaria’s second nuclear power plant is in serious doubt after a powerful parliamentary committee chair insisted that the project is now frozen.
The new chair of the Bulgarian parliament’s economy, energy and tourism committee, Martin Dimitrov, said Wednesday that the 2,000MW Belene NPP project was too expensive [...]
Albanian Opposition To Seek Early Elections
Socialist Party leader Edi Rama will launch a political campaign to seek early elections, after his party agreed that the June 28 parliamentary election was marred by fraud.
Bulgarian Economy to Shrink 6.3%
New Finance Minister Simeon Dyankov says that Bulgaria faces a 6.3 per cent economic downturn this year, as fellow ministers argue that the economy is in worse shape than presented by the previous adminstration.
Albania Opposition Rejects Poll Results
Tirana, 28 June 2009 – (AE) Albania Socialist Party rejected on Wednesday the June 28 parliamentary elections as corrupted by fraud and the new government as “morally illegitimate.”
