AlbanianEconomy.comYour News from Albania
Serbia to Export Weapons to Iraq
Serbia’s state-owned Jugoimport SDPR defense company has signed a €70 million deal for the export of weapons and military equipment to Iraq, daily Blic reports Friday.
Albania Southern Coast Hit by Summer Storm
A summer storm on the Ionian coast on Sunday, which caught tourists unprepared, has destroyed several beach-side facilities close to the city of Vlora, and threatened to sink a yacht.
Albania’s Socialist Leader Eyes New Term
Tirana mayor Edi Rama looks set to retain the leadership of the Socialist Party, following the movement’s extraordinary congress on Saturday.
Boycott Threat Mars Parliament Opening
Albania’s President Bamir Topi decreed on Monday that the new parliament will convene on September 7, despite ongoing ructions concerning the contested June 28 parliamentary elections.
Albania’s Central Bank Warns Government On Deficit
The governor of Albania’s Central Bank, Ardian Fullani, warned on Wednesday that excessive government spending is threatening the country’s macroeconomic stability.
Macedonia’s Economic Trends are “Catastrophic”
Macedonia’s ongoing industrial output contraction plumbed new depths in July, the State Statistical Office revealed.
Planned Privatisations Shake Bosnia
Bosnia’s Federation entity is preparing to privatise around 30 public companies over the next year, local media reported on Thursday.
Albania Registers Tourism Growth
Despite the global economic downturn, Albania’s National Tourism Agency says the country has seen an increase in visitor numbers in the first nine months of the year.
Protesters Overturn 25 EULEX Cars
Demonstrators from the Vetevendosje self-determination movement have been arrested after overturning 25 EU rule of law mission, EULEX, cars in central Pristina, Kosovo.
326,000 Romanian Public Servants to Lose Jobs
Romania’s public sector will shed 326,000 jobs by the 2015 deadline for the enforcement of a new pay law, Finance Minister Gheorghe Pogea said on Tuesday.
