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RCC Publishes Report on Life Satisfaction in Albania for 2019
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RCC Publishes Report on Life Satisfaction in Albania for 2019

TIRANA, July 5 The Regional Cooperation Council (RCC) for South East Europe has published yesterday, June 4th the Balkan Barometer for 2019, where it shows the latest data collected regarding the life satisfaction and problems that the people list in their daily life. The report about Albania, says that 39% of individuals asked, think that...

IMF: Economic Growth Will be Slowed Down
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IMF: Economic Growth Will be Slowed Down

TIRANA, July 4 The International Monetary Fund (IMF) has made public the second report of the program of post-monitoring for Albania, where it clarifies that the economy is able to pay the dues to the Fund as a result of the macro-economic stability, and the progress in reforms. Regarding the economic growth, IMF says that...

Race for 5 Mining Areas of Chromium Excavation Has Already Started
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Race for 5 Mining Areas of Chromium Excavation Has Already Started

TIRANA, June 21 The Ministry of Infrastructure and Energy has declared open the competition for 5 mining areas, for the research and extraction of chromium ore, meanwhile the subjects who are interested should submit the necessary documentation before July 11, 2019. Referring to specifications, 2 of the mining areas are in Elbasan county and aim...

Remittances Generated €1.25 Billion Income for the Economy
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Remittances Generated €1.25 Billion Income for the Economy

TIRANA, June 19 Last year, in 2018 the Albanian economy has earned remittances worth €1.25 billion, says the Bank of Albania on its latest report posted on Monday, June 17. Here are included the money transfer from emigrants to their families in Albania, but as well the income of the residents of Albania from their...

Apparel and Footwear Manufacturing Industry Thriving in Exports
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Apparel and Footwear Manufacturing Industry Thriving in Exports

TIRANA, June 17 The apparel and footwear manufacturing industry have brought €123 million to the economy, in the first trimester of 2019. According to data from the Bank of Albania, the income from the services of the processing of goods, that came from abroad, were 15% higher compared to a year ago. The apparel and...

Unemployment Rate for First Trimester of 2019 Revealed
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Unemployment Rate for First Trimester of 2019 Revealed

TIRANA, June 10 The unemployment rate for the first trimester apparently is the lowest in the last 30 years. According to INSTAT, the official unemployment rate until the end of March 2019 was 12.1%. This is the lowest figure for the last 30 years, since the fall of communism. For the population willing and able...

KESH Appoints ADFs’ Benet Beci as New Chairman
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KESH Appoints ADFs’ Benet Beci as New Chairman

TIRANA, January 28 Former Executive Director of the Albanian Development Fund (ADF) for 13 years Benet Beci has accepted Prime Minister Rama’s proposal to run the Albanian Power Corporation (KESH). Beci, as the new chair, replaced Agron Hetoja. This change was unexpected given the fact that Beci had successfully led the ADF for more than...

Skorska Nickel-Iron Mine to Be Acquired by European Electric Metals
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Skorska Nickel-Iron Mine to Be Acquired by European Electric Metals

TIRANA, October 16 Canadian company European Electric Metals Inc. recently announced that it entered into an agreement to acquire 100 percent of the shares of the Iron-Nickel mine of Skorska in Librazhd. According to the agreement, the company will buy the shares of Gerold, the company that currently holds the mine for a total of...