Home Page

Latest Business News

albania-to-launch-receipt-lottery
07 Oct 14

Albania Hopes New Lottery Will Curb Tax Cheats

In a new effort to curb the extensive "grey" informal economy - and boost its own revenues - the Albanian government is planning to launch a new lottery based on receipts for purchases.

albania-s-growth-slumps-in-second-quarter-of-2014
06 Oct 14

Albania’s Growth Slumps in Second Quarter of 2014

Albania's GDP fell by 0.6 per cent in the second quarter of 2014, the National Institute of Statistics said, frustrating government expectations of higher growth.

albania-raises-taxes-on-cigarettes
02 Oct 14

Albania Raises Taxes on Cigarettes

Albania's cash-strapped government raised the duties on cigarettes on Wednesday, arguing that the measure was necessary to protect public health.

balkan-regulators-to-limit-roaming-charges
29 Sep 14

Balkan States to Cut Mobile Roaming Charges

Following the EU's example, regulators in four Balkan countries have finally agreed to reduce mobile phone roaming charges, which are much higher than in western Europe.

air-serbia-launches-flights-from-tirana-to-belgrade
23 Sep 14

Air Serbia Launches Flights to Albania

Tirana International Airport, TIA, inaugurated a new route between Tirana and Belgrade on Tuesday through Serbia’s national carrier, Air Serbia, which will operate the route three times a week.

china-pledges-to-help-albania-build-highway
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.

kosovo-lose-hope-to-get-adriatic-sea-access
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.

world-economic-forum-balkan-shows-mixed-results
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.

balkan-telecom-regulators-to-scrap-roaming-charges
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.

balkan-countries-to-jointly-overcome-economic-issues
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.

albanian-bank-chief-wins-board-s-confidence
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.

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.

Premium

albania-power-utility-accused-of-fixing-tenders
20 Oct 14

Albania Power Utility Accused of Fixing Tenders

BIRN can reveal that the competition authority is probing claims that Albania’s power utility, OSHEE, colluded with two electricity traders - EFT A.G and GSA - to rig the outcome of import tenders.

Politics and Society

albania-mps-call-for-dismissal-of-hcj-deputy-chairman
22 Oct 14

Albania MPs Call for Top Justice Officials to Go

A parliamentary commission is calling for the dismissal of the deputy chairman of Albania’s High Council of Justice, HCJ, and one of its members, for breaking the law.

Culture and Lifestyle

albanian-writer-fatos-lubonja-in-uk-book-tour
09 Oct 14

Albania's Fatos Lubonja Brings Apocalyptic Memoir to UK

Author Fatos Lubonja will appear at a number of events across the UK in October to promote his book The False Apocalypse, from Stalinism to Capitalism, which has been translated into English by John Hodgson.