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.
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.
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 ongoing industrial output contraction plumbed new depths in July, the State Statistical Office revealed.
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 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.
Tirana, Jan. 28, 2008 (AE) – India’s government approved on Thursday an agreement for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and on capital (DTAA) between India and Albania.
Tirana, Jan. 29, 2008 (AE) – An ample rainy winter has propped state owned Albania Power Corporation, KESH, to export electricity to Greece.
Tirana, Jan. 28, 2008 (AE) – The Bank of Albania decided on Wednesday to slash its base interest rate by 0.5 per cent, after weeks of heavy pressure from banks and media. REPO interest rate is now 5.75 per cent.
Tirana, Jan, 27, 2008 (AE) – An association of construction companies in Tirana asked for “immediate government help” on Monday, claiming that the Global Financial Crisis could sent them into bankruptcy.