bank safety fund

BoA Proposes Creation of Safety Fund for Second-Tier Banks

IIA 5 December 2016, 9:34 am

TIRANA, December 5 The Bank of Albania (BoA) will establish a special safety fund for assisting second-tier banks in cases when financial stability may be hampered by the possible failure of any of the banks that operate in Albania. The draft-law compiled by the central bank on restoration and special intervention in banks has been…


A New Standard Set for Adventure Travel Safety

IIA 9 December 2016, 9:37 am

TIRANA, December 9 Adventure travel in Albania should be exercised based on clearly defined standards. Therefore it will be possible not only to meet the needs of tourists but most of all to ensure their safety. The General Directorate of Standardization, a subordinate at the Ministry of Economic Development, Tourism, Trade and Entrepreneurship published a…


Albania Hopes to Attract Hungarian Investments in Environment and Agriculture

IIA 25 November 2016, 9:29 am

TIRANA, November 25 Increased cooperation between Albania and Hungary may help to increase the presence of foreign investors and the number of Hungarian tourists in the country. These and other issues were discussed during a meeting held on Thursday in Tirana by Albanian Minister of Environment Lefter Koka and the Hungarian Minister of State for…


Albania Ranks Fourth in Europe for Wedding Expenses

IIA 7 December 2016, 10:27 am

TIRANA, December 7 When it comes wedding expenses Albania ranks among the top five countries in Europe. According to the data provided by the United Nation, the Middle East and former-communist countries spend more on weddings. Based on the report data, Azerbaijan, Belarus, and Russia with are the first three countries in the list. Meanwhile,…