AlbanianEconomy.comYour News from Albania
Skopje To Get Elite Residential Complex
The Austrian based real estate development and investments company Soravia Group has started building a 30 million euros elite residential settlement on the slopes of Vodno Mountain, close to the centre of the Macedonian capital Skopje.
Importing Lignite into Coal Rich Kosovo
Balkan Insight has discovered that one of Kosovo’s biggest firms is being forced to import lignite from Malaysia and Indonesia, despite estimates that the newly independent country sits on the world’s fifth largest reserve of the fuel.
Albania Oil Tycoon Arrested for Assault
Albanian controversial oil magnate Rezart Taci handed himself over to police in Tirana on Thursday, after the local district court ordered his arrest following charges of assault over the beating of local publisher, Mero Baze.
Albania’s PM Eyes Eurozone Bid
Prime Minister Sali Berisha says that Albania will reluctantly set its sights on inclusion in the eurozone, due to the pressure exerted by the European currency on the local economy.
Another Company Sues Macedonia
Serbia’s Swisslion is the second company this year to take Macedonia to the International Chamber of Commerce’s International Court of Arbitration in Washington DC.
Emigrant Remittances Fall 6.1 % in First Half of 2008
Remittances sent from Albanians working abroad fell by 6.1 per cent to 394 million euro during the first half of this year, compared to 2008, data published by the central bank.
Slump In Prices Slows Investment in Albania Oil Fields
Albania’s largest oil producer, Bankers Petroleum, halted capital investments in the first half of 2009 due to the low price of crude oil in international markets.
Macedonia’s Economic Trends are “Catastrophic”
Macedonia’s ongoing industrial output contraction plumbed new depths in July, the State Statistical Office revealed.
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 Sells Stake in Mobile Operator
Albania has sold its 12.6 percent stake in mobile phone operator Albanian Mobile Communication to Greece’s Cosmote for €48.2 million. The purchase brings Cosmote’s stake in AMC to 97.6 percent.
