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corruption-hinders-balkans-sustainable-energy-future
25 Jun 14

Corruption Hinders Balkans Energy Sector Progress

Rampant corruption has raised costs, wasted opportunities for sustainable energy and distorted the market, says a new report by a group for environmental NGOs.

albania-dispute-with-cez-over-utility
24 Jun 14

Albania Settles Czech Power Company Dispute

The Albanian government has settled a costly dispute with the Czech energy giant CEZ over the ownership of a local power utility, CEZ Shperndarje.

albania-eyes-gasification-based-on-tap-pipeline
30 May 14

Albania Eyes Gasification Via TAP Pipeline

Albania’s state oil company, Albpetrol, has applied to reserve to 1.2 billion cubic meters of natural gas per year from the Trans-Adriatic Pipeline, TAP.

world-bank-approves-100-million-loan-for-albania
16 May 14

World Bank Approves $100m Loan for Albania

The loan approved on Thursday by the World Bank will aid reforms in Albania’s financial sector, addressing the worst effects of the global crisis.

standard-and-poor-s-upgrade-albania-s-rating
14 Apr 14

Standard and Poor’s Upgrades Albania’s Debt Rating

Following Tirana’s agreement with the International Monetary Fund, the credit rating agency has upgraded Albania’s sovereign debt rating from ‘negative’ to ‘stable’.

albania-oil-company-to-electrify-its-wells
09 Apr 14

Albania Oil Company to Electrify Its Wells

The electrification of oil wells is one of the cost-cutting infrastructure investments planned by Bankers Petroleum in its Patos-Marinza heavy oil field in Albania in 2014.

albania-s-registers-slow-economic-growth
08 Apr 14

Albania Registers Slight Upturn in Late 2013

After a steep fall in the third quarter of 2013, Albania's economy saw modest growth in the last three months of the year, data from the national statistics institute, INSTAT, show.

imf-urges-albania-to-raise-taxes-and-retirement-age
20 Mar 14

IMF Urges Albania to Raise Taxes and Pension Age

The International Monetary Fund has urged Tirana to undertake drastic structural and fiscal reforms to consolidate its finances amid sluggish economic growth.

albania-strips-120-mining-companies-of-licenses
10 Mar 14

Albania Strips 121 Mining Companies of Licenses

The ministry of energy and industry on Friday revoked 121 mining companies of their licenses after a major audit found that they were not operating in accordance with the law.

albania-govt-claims-bump-in-revenue
04 Mar 14

Albania Govt Claims Spike in Tax Revenue

The new heads of Albania’s customs and tax offices have announced increased collection rates in February 2014 compared with the previous year.

albania-discovers-new-vat-tax-fraud-scheme
04 Feb 14

More Tax Fraudsters Exposed in Albania

Two businessmen have been arrested and warrants have been issued for five others following the discovery of a tax fraud scheme that cost the state about a million US dollars.

vodafone-spared-fine-in-albania-anti-trust-probe
03 Feb 14

Vodafone Spared Fine in Albania Anti-Trust Probe

A probe by Albania’s Competition Authority, CAA, has come short of finding that Vodafone abused its dominant position in the local mobile communications market.

serbia-ranked-95th-on-economic-freedom-list
15 Jan 14

Macedonia Tops Balkan Economic Freedom List

The latest Index of Economic Freedom has put Macedonia at the top of the Balkan region in terms of economic freedom.

albania-to-crack-down-on-electricity-theft
14 Jan 14

Albania Cracks Down on Electricity Theft

Prime Minister Edi Rama has assembled a new taskforce to curb rampant electricity theft, insisting that the state will no longer turn a blind eye to power thieves.

albanian-economy-slumped-in-third-quarter-of-2013
09 Jan 14

Albanian Economy Faltered in Late 2013

Data published the National Institute of Statistics, INSTAT, show that Albania’s economy in the third quarter of 2013 fell by 2.26 per cent compared to the same period in 2012.

Politics and Society

eu-calls-for-protection-of-journalists-probing-energy-sector
25 Jul 14

EU Urges Would-Be Members to Protect Probing Journalists

The Vice-President of the European Parliament, Ulrike Lunacek, has called on candidate countries to ensure that investigative journalists working on high-level energy corruption issues be allowed to do their job without fear of violence and intimidation.

Culture and Lifestyle

europe-and-the-region-divided-over-conchita-wurst
13 May 14

Drag Queen's Eurovision Win Highlights East-West Divide

While LGBT communities and public in Serbia and Croatia criticised the reporting of their national broadcasters on the May 10 victory of transsexual singer Conchita Wurst at the Eurovision, this year’s voting has highlighted differing attitudes towards LGBT people in Western and Eastern Europe.