TIRANA, June 1 The Radisson Hotel Group is planning an expansion into southeastern Europe as it’s expected to open two hotels in Albania, tophotel.de reported in May. According to the German website, the international hotel brand will launch the first hotel this summer in the capital city Tirana. Tophotel.de quoted Vice President Business Development at...
TIRANA, March 29 Foreign Direct Investments (FDI) to Albania in 2020 were down 13 percent to an estimated Euro 933 million, according to data issued by the Bank of Albania (BoA). However, BoA says that the contraction in FDI flows was moderate despite the global health crisis. The Trans Adriatic Pipeline (TAP) project helped to...
TIRANA, December 3 The Albanian Parliament approved a one-year extension to the term for the submission of strategic investment projects. The conclusion achieved during Thursday’s plenary session defines that the deadline for implementation of the law on strategic investment will be postponed to December 21st, 2021. This means that companies and subjects interested in obtaining...
TIRANA, June 25 Official data from the Bank of Albania (BoA) for the first quarter of 2020 confirm that the energy industry was not the most attractive sector for Foreign Direct Investment (FDI) inflow. This the first time since 2016 that energy investments rank second, leaving the top place to the extractive industry. Based on...
TIRANA, June 17 Globally, the coronavirus pandemic is expected to cause a 40 percent decline in foreign direct investments (FDI), the United Nations announced on Tuesday. According to the World Investment Report 2020 by UNCTAD, investment flows to transition economies where Albania makes part will decline by around 38 percent in 2020. Meanwhile, growth in...
TIRANA, February 10 Corruption leads the rating of the main obstacles for American investors in Albania, the AmCham Chair, Enio Jaco said on Monday during the annual analysis of the American Chamber of Commerce in Albania. He highlighted that corruption, a problem that everyone acknowledges, is a serious obstacle for foreign investors. Moreover, he added...
TIRANA, January 21 The Albanian authorities are seeking bids, domestic and international, for the construction and maintenance of a 140MW photovoltaic plant in Karavasta area, Fier region. Interested investors can submit their bids by March 16th, for which financial bids will be opened on the same day at 12:00 hours, according to an Invitation for...
TIRANA, December 11 Foreign Investments remain high during January – September 2019 although the two main projects in the energy sector, TAP and Devolli HPP, are on their final stages, the Bank of Albania (BoA) confirmed. According to the statistics from the balance of payments for Jan – Sep 2019, Foreign Direct Investments (FDI) were...
TIRANA, November 6 Where to invest now? While the Netherlands saw a fivefold increase in British investment as the UK was expecting the Brexit date on Halloween day (postponed to January 31), other less expensive countries offer a bigger bang for the buck, and not only for British investors. Six for one Six of them...
TIRANA, October 7 Recently, the Albanian Agency on Natural Resources (AKBN) launched an international licensing round for three onshore blocks respectively, Block C, Panaja, and Dumrea. The offer on the onshore bids is due December 19th, while the licensing round follows the bid on Block 5. According to the announcements, the exploration stage will be...