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Albania PM Pressed to Invest in Power Grid
Italian companies that have invested in new power plants say Albania must do more to improve the electricity grid, so that their plants can be fully connected to the system.
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Euro Crisis Sapping Balkan Recovery, EBRD Warns
European Bank for Reconstruction and Development report predicts that eurozone crisis will buffet Balkan economies, slowing growth in 2012.
UK's Grimshaw Architects Wins Major Project in Tirana
The London-based architecture studio Grimshaw has won the urban planning competition for the expansion of Tirana’s main boulevard, one of the city’s most ambitious plans in decades.
Albania Cuts Interest Rate to Boost Demand
Albania’s Central Bank on Wednesday cut the key rate to 4.25 per cent in order to boost weak demand by consumers.
Albania’s Posts Growth of 2.6% in Third Quarter of 2011
Albania’s gross domestic product grew by 2.6 percent compared with the same period in 2010, according to Albania’s National Institute of Statistics, INSTAT.
Albania Oil Company Upgrades its Reserves
Banker Petroleum on Monday raised the estimate of its oil reserves to 172 million barrels, a 43 per cent increase from the last estimate in December, 2010.
Albania Probes Czech Power Giant For Fraud
CEZ Distribution, the local subsidiary of CEZ in Albania, is under investigation for fraud, accused of fraudulently billing customers and inflating losses.
Albania Pledges Cash For Electricity Imports
The Minister of Finance, Ridvan Bode, said the government will use contingency funds to help the state-own utility, KESH, fund imports of electricity.
Albania Power Company Seeks Emergency Funds
Albania’s state-owned power utility, KESH, faces financial crisis if the government does not stump up emergency funding immediately, Balkan Insight has learned.
Albania Cuts Interest Rates to Stimulate Economy
The Central Bank on Wednesday cut the interest rate on the lek from 4.75 to 4 per cent, its lowest level in the past decade.
Serbia, Bosnia Rank Low on Economic Freedom Index
Serbia and Bosnia rank lowest among Balkan countries in economic freedom survey.
Bank Aid For Albania Conditioned on Reform
The World Bank has started negotiations with Albania on a credit package of more than $100 million to minimize the possible spillover effects from the European debt crisis.
Tirana Airport Plans New Terminal
Albania’s Mother Teresa International Airport plans to build a new passenger terminal over the next two years, following double-digit growth in travelers in 2011.
Albania Cuts Interest Rates to Boost Growth
The Central Bank on Thursday cut the interest rate on the lek from 5 to 4.75 per cent in an attempt to stimulate economic growth.
Spectre of Power Cuts Haunts Albania Again
The hum of generators is likely to become a familiar sound once again in Albania as the country faces new power shortages.
Albanian Cigarette Smuggling on the Rise
An increase in excise duties for tobacco in Albania has increased cigarette smuggling in the first nine months of 2011.
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The Albanian real estate market first caught the eye of foreign investors back in 2005. The first deals were struck in subsequent years and their volume has been on the rise ever since.
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Albania’s Power Crisis Pinned on Company Errors
Irresponsible exports of electricity by the Power Corporation in 2011 played a key role in fomenting the worst energy crisis in Albania’s modern history.
Regulation Row Freezes Investment in Albania Power
Ghost Companies Stalk Albania’s Energy Ambitions
Pan-Albanian Highway Fails to Deliver the Goods
Austerity Package Reveals Albania’s Economic Woes
Call Centres Boom in Cut-Price Albania
Turkey’s Balkan Shopping Spree
Albania’s Accursed Peaks Seek Blessing of Eco-tourism
Politics and Society
Albania to Start Election Procedure for New President
On Thursday, Albania's parliament will start the procedure for the election of a new head of state, with the ruling Democrats under pressure to select a candidate based on consensus.
Thirteen Killed in Albania Bus Crash
Albania Gays Brave Public Disapproval
Albanian Ministry's Management of Power Plants Slated
Albania Parties Miss Deadline for Electoral Reform
Culture and Lifestyle
Albania Cancels Eurovision Broadcast After Bus Crash
Albania’s public broadcaster, RTSH, will not broadcast the first semifinal of the Eurovision song contest on Tuesday as a mark of respect for the victims of Monday's bus crash.
Globe to Globe
Culture Watch Award Announced
New Secrets of Ancient Times Emerge in Butrint
Montenegrin Media Most Free in Balkans, Report Says
