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albania-probes-failed-oil-company-privatization
06 Jun 13

Albania Probes Failed Oil Company Privatization

Prosecutors in Tirana have launched an investigation into the failed privatization bid for Albania’s state-owned oil company, Albpetrol.

Latest Business News

more-albanians-attracted-to-investment-funds
07 Jun 13

Investment Funds Show Marked Growth in Albania

Although only two investment funds operate in Albania, they have seen exponential growth in the first months of 2013, data from the Financial Supervisory Authority, AMF, say.

albania-government-boosts-spending-ahead-of-poll
30 May 13

Albania Spending Rises in Run-up to Election

Ahead of general elections due on June 23, government spending in the first four months of 2013 has risen sharply.

albania-seeks-aliyev-s-blessing-for-gas-pipeline
09 Apr 13

Albania Seeks Azeri Blessing for Gas Pipeline

Prime Minister Sali Berisha on Sunday asked Azerbaijan's President, Ilham Aliyev, to support construction of the Trans-Adriatic gas pipeline, TAP.

albania-kosovo-trade-dispute-escalates
29 Mar 13

Albania-Kosovo Trade Dispute Escalates

After Pristina blocked imports of milk from two Albanian dairies, Tirana has responded by banning imports of flour from Kosovo, as the commercial row over toxins in food deepens.

serbia-tops-illicit-financial-flows-list
20 Mar 13

Serbia Tops Balkans For Illicit Financial Flows

The organisation Global Financial Integrity has ranked Serbia worst of all Balkan countries when it comes to illegal financial flows.

corrupt-administration-cost-albania-e97-3-million-in-2åaa2
20 Mar 13

Cost of Mismanagement Rises in Albania

The annual report of the High State Audit office says poor management of state-owned companies cost Albania twice as much in 2012 as it did the previous year.

albania-accuses-kosovo-of-trade-war-over-milk
06 Mar 13

Albania Accuses Kosovo of Dairy Trade War

Albanian minsters say Kosovo is making use of consumer worries about levels of aflatoxin in milk to damage the commercial interest of Albanian dairies.

albania-minister-to-be-grilled-on-food-safety-concerns
01 Mar 13

Albania Minister Faces Grilling on Food Safety Concerns

The Socialist opposition said it seeks a hearing with the minister of agriculture on the presence of dangerous toxins and hormones in Albanian milk and meat products.

contaminated-milk-still-sold-in-albania-s-stores
28 Feb 13

Suspect Milk Still on Sale in Albania

After Albanian authorities told dairies to withdraw milk suspected of contamination with the M1 aflatoxin from the market, it is still on sale in stores, Balkan Insight can confirm.

czech-power-giant-creates-uproar-in-balkans
20 Feb 13

Bulgaria Moves to Scrap Czech Power Giant's License

Bulgaria could become the second country in the region to oust the Czech electricity company CEZ, after violent protests against hefty electricity bills led to the PM's resignation.

albania-key-interests-rate-at-historic-low
31 Jan 13

Albania Slashes Interest Rate to Historic Low

The central bank cut the key benchmark interest rate on Wednesday by 0.25 per cent to a historic low of 3.75 per cent in an effort to kick start the stagnating economy.

albania-nationalizes-cez-s-troubled-subsidiary
22 Jan 13

Albania Nationalizes Troubled Power Firm

The Albanian energy regularity agency, ERE, on Monday stripped the local subsidiary of the Czech power giant CEZ of its operating license, effectively taking it back into state control.

macedonia-tops-region-in-index-of-economic-freedom
11 Jan 13

Macedonia Tops Region's Economic Freedom Index

Macedonia tops the region in the 2013 Index of Economic Freedom, annually compiled by The Wall Street Journal and The Heritage Foundation.

albania-oil-company-registers-production-growth
09 Jan 13

Albania Oil Company Registers Growth

Bankers Petroleum announced that its production of crude oil from Albania rose by 3.5 per cent in the last quarter of 2012.

albania-power-privatization-losses-1-billion
20 Dec 12

Albania Accuses Power Company of Losing $1bn

Albania has accused the power giant, CEZ, of causing a loss of $1 billion (€760 million) as a result of its poor management of a local electricity distribution branch.

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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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neighbourhood-crises-hobble-albania-s-recovery
03 Oct 12

Neighbourhood Crises Hobble Albania’s Recovery

Albania faces another year of sluggish growth as foreign investors shy away, domestic consumers keep savings in the bank and recession deepens in neighbouring Greece and Italy.

Politics and Society

donald-rumsfeld-honored-in-albania
18 Jun 13

Albania Award For Rumsfeld Raises Eyebrows

The timing of a decision to award former US Defense Secretary Donald Rumsfeld a ‘National Flag’ for his support of Albania’s NATO membership has raised questions.

Culture and Lifestyle

troubled-albanian-museum-sunk-by-hoxha-row
21 May 13

Troubled Albanian Museum Sunk by Hoxha Row

Donors spent hundreds of thousands of euro building a new museum in Gjirokastra - but the results were questionable and it ultimately closed over an ideological dispute.