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Latest Business News

11 Sep 14

China Pledges to Help Albania Build Highway

Albania Prime Minister Edi Rama and Chinese Prime Minister Li Keqiang discussed plans to build a new highway from Tirana to the Macedonian border.

09 Sep 14

Kosovo Loses Hope of Getting Adriatic Sea Port

The government in Tirana said that an Albanian port on the Adriatic Sea which had been promised to Kosovo could now be leased to a Chinese state-owned company.

03 Sep 14

Balkan Economic Competitiveness Makes Uneven Progress

The latest World Economic Forum report on global competitiveness ranks Bulgaria as the best in the Balkans and Albania as the worst, just behind Serbia.

01 Sep 14

Sky-High Roaming Charges to Go in Balkans

Regulatory agencies in the Balkans have finally agreed to phase out mobile phone roaming charges, which are much higher than those in Western Europe.

28 Aug 14

Balkan Leaders in Berlin Pledge to Work Together

Balkan economy and finance ministers meeting in Berlin have agreed that their countries must jointly resolve economic issues that trouble the region.

15 Aug 14

Albanian Bank Chief Wins Board’s Confidence

The board of the Central Bank has supported the governor, following calls that he should resign over the recently discovered bank theft.

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.

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.

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.

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.

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’.

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.

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.

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.

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.

Politics and Society

19 Sep 14

Albanian Tourist Bosses Eye Windfall from Papal Visit

The Pope's visit will change negative stereotypes about Albania as poor and backward and should encourage more people to visit in the future, tourist officials hope.  

Culture and Lifestyle

12 Sep 14

Rafting Draws Tourists to Albania’s Wild River Canyons

One man’s passion for rafting has spawned a tourist industry in one the most beautiful but remote parts of Albania.