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Smuggling Hub to Real Estate Boom Town

The city of Vlora in southern Albania, which a decade ago was considered a hot spot for human trafficking, is reinventing itself as a vacation hub.

Albania Plans Expenditure Cuts

Albanian Prime Minister Sali Berisha told his cabinet Wednesday that the government plans to cut expenditures by 15.3 million euros, by slashing public transport privileges for bureaucrats and legislators.

Albanian Budget Deficit Widens

The Albanian government’s budget deficit blew out to 40 Billion lek (307 million euros) in the seven months to July, due to low revenues growth and rising expenditures, Finance Ministry data shows.

Albanian Court Strikes Down Oil Monopoly

Albania’s Constitutional Court has struck down a government decision that gave a virtual monopoly to local refiner ARMO for the production and sale of low-grade D2 diesel.

Albania Refuses to Cooperate with Organ Trade Probe

Albanian officials are refusing to cooperate with a probe into alleged organ trafficking during the Kosovo conflict.

IMF: Romania Faces “Severe Recession”

The head of the IMF mission to Romania, Jeffrey Franks, said Monday that the country is facing a “severe recession”.

Macedonian Party May Ask Albania to Block NATO Bid

Albania should block Macedonia’s NATO accession if Skopje continues to neglect its large Albanian community, the head of an ethnic Albanian party in Macedonia says.

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