AlbanianEconomy.comYour News from Albania
EBRD revises down 2009 economic forecasts, sees fragile recovery in 2010
The economies of central and eastern Europe are expected to contract by an average of 6.3 percent in 2009 following steep output declines in the first half of the year
Albania: Banks Show Major Losses
Albania’s banking system registered net losses of 869 million leks (6.56 million euro) in April, down from net earnings of 275 million lek in March, data from Albanian Banks Association show.
Serbia Dinar Slide Worries Consumers, Govt
With investors fleeing emerging markets in the aftermath of the global credit crunch, and little light at the end of Serbia’s political tunnel, the dinar currency slid to a new record low of 97.50 to the euro this week, having lost a quarter of its value in four months.
Winds of Change Blow Past Bosnia
While Western Europe increasingly embraces alternative energy, Balkan states are ignoring the potential gains
Kosovo: Power Games Delay Escape from Poverty
In spite of generous foreign investment, the electricity is still ‘off’ for much of the time in Kosovo – damaging the impoverished country’s prospects.
Balkan Earthquake is Felt Far Away
From the Basque country to the Caucasus, the implications of the former Serbian province’s march to independence are being followed – and debated
South Stream Turns into Southern Dream
From Italy across the Balkans to Bulgaria, local communities appear eager to join Russia’s ambitious gas pipeline project, despite the risk of growing energy dependency on Moscow.
Nuclear Power: Curse or Opportunity?
Balkan states are gambling on the nuclear option as the best way to reduce the energy shortage but whether the risks pay off remains to be seen.
Enel to Transfer its Investments in Albania
Tirana, Dec. 17, 2008 (AENews) – Italian energy giant Enel intends to cancel its projected investments in Italy and to transfer them to Albania, in order to bypass environmental costs, newsitaliapress.it reported on Tuesday.
Energy Challenge Leaves Balkans Divided
Experts say the cure for the region’s energy woes lies in price rises, market liberalization and the adoption of common approaches but governments don’t get it
