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UAE Signs ‘Open Sky’ Agreement with Albania

The United Arab Emirates has initialed an “open sky” Air Services Agreement and signed a Memorandum of Understanding with Albania in Dubai.WAM DubaiThe agreement was initialed by Saif Mohammed Al Suwaidi, Director General of the UAE General Civil Aviation Authority, GCAA and Ernest Noka, Albania’s deputy minister of transport.

Albania government starts new mammoth road project

The Prime Minister of Albania Sali Berisha attended the ground breaking ceremony today for another mammoth project that intends to build a four lane highway between Tirana with Elbasan, some 40 km south.

Albania’s Economic Confidence Sinks in Q1 of 2011

Albania’s economic perception index, complied by the Central Bank, dropped by 7.3 points in the first quarter of 2011, based on lower confidence in the consumer and services sectors.

Albania plans to cancel the flat rate on corporate profit tax

The Ministry of Finance had prepared an overhaul on corporate profit tax and intends to double the current flat rate of 10 per cent for companies that has net profits higher than 20 per cent of their revenues, the local media announced today quoting unofficial sources.

Albania President Blocks Costly Tax Stamp Deal

Albania’s President Bamir Topi has vetoed a bill on excise duties which would have opened the way for an agreement with a Swiss company to provide controversial fiscal stamps for Albania’s market.

Romania Ponders Delaying Adoption of Euro

Bucharest says it will soon decide whether to stick to a 2015 deadline to adopt the single currency, or wait for the economy to improve.

Tirana Tram Promises Little More Than ‘Electoral Fiction’

An expert says that promises from both mayoral candidates to build a system of tram lines in Tirana are based more on the desire to earn votes than studies on how to ease traffic.

Albania CPI continues on high band

Consumer Price Index of Albania registered a slight decrease on March remaining above the Central Bank target, the data published by the national Institute of Statistics shows.

Austrians to Build Albania’s New Parliament

After an international jury on Thursday awarded Coop Himmelblau of Vienna the project to build Albania’s new parliament, questions are being asked what this project will cost.

Albanian Media Resist Campaign ‘Censorship’

Two leading Albanian TV stations have announced that they will not broadcast footage and commentary produced and provided by political parties during the campaign for the May 8 local elections.

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