AlbanianEconomy.comYour News from Albania
Heavy Rains Flood Albanian Low Plains
Several hundred families had been evacuated from their premises in Albanian low plains near the Drini and Mati rivers while their houses and farmlands were flooded by an unprecedented amount of water.
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.
EU Unblocks Serbia Interim Trade Agreement
EU foreign ministes meeting in Brussels Monday evening agreed to unblock Serbia’s interim trade agreement, paving the way for the country to apply for EU candidacy status.
Albania Court To Review Greek Territorial Deal
Albania’s constitutional court accepted on Thursday an appeal by the opposition Socialist Party to review the legality of a territorial agreement with Greece, which delineates the continental shelf between the two countries in the Ionian Sea.
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.
Corruption in Balkans Hinders Investments
The 2009 corruption perception index released by the Berlin-based watchdog Transparency International shows that most countries in the Balkans have not improved their position in the global anti-corruption index.
IMF Delays Romania Funds Due to Political Instability
The International Monetary Fund, IMF, has delayed disbursing an aid tranche to Romania originally scheduled for next month and will resume talks on a standby loan agreement only when the country has a government.
IMF Mission to Visit Romania
A second IMF mission will review Romania’s progress in achieving benchmarks linked to a major aid package, from October 28 to November 9.
EBRD Provides Loan to Leading Montenegrin Retailer
The European Bank for Reconstruction and Development, EBRD, is boosting competition in the Montenegrin retail sector by providing a €4.2 million loan to the country’s leading retailer Voli Trade.
Political Developments Spark Kosovo Identity Debate
Following decades of enforced separation, Albanians are discussing how different they’ve become.
