Category: News

Work Finally Begins on Long-Awaited Arberi Road

Work Finally Begins on Long-Awaited Arberi Road

TIRANA, June 18 The work for Arberi Road, the major infrastructural projects promised to the inhabitants of Dibra region by all the Albanian governments finally started on Sunday. The new road investment that will cost Euro 240 million, is going to reduce the distance between...

Q1 Unemployment Rate Hits Lowest Level in 30 Years

Q1 Unemployment Rate Hits Lowest Level in 30 Years

TIRANA, June 11 The Institute of Statistics (INSTAT) confirmed on Monday that the unemployment rate during the first quarter of 2018 dropped to 12.5 percent, the lowest in 30 years. Based on INSTAT’s data, the unemployment rate in March marked a 1.7 percentage point decline...

BoA Cuts Key Rate to Record Low of 1%

BoA Cuts Key Rate to Record Low of 1%

TIRANA, June 7 The Supervisory Council of the Bank of Albania (BoA) decided in an unexpected meeting to cut the key rate to the record low of 1 percent. BoA’s governor Gent Sejko said in a press conference on Wednesday that the Supervisory Council focused...

Belgium Recognizes Albanian Driving Licenses

Belgium Recognizes Albanian Driving Licenses

TIRANA, May 29 Belgium authorities announced that they now recognize driving licenses issued by Albanian authorities. The Albanian Ministry for Europe and Foreign Affairs confirmed that all the Albanian citizens that stay in Belgium less than three months, can use the domestic driving permit. On...

One Step Closer to International Flights at Kuksi Airport

One Step Closer to International Flights at Kuksi Airport

TIRANA, May 29 The day when Kuksi Airport will start operations seems closer following the announcement of the company that is going to conduct the feasibility study on navigation infrastructure. Albcontrol Albania announced the winner, following the bid of May 17th. The company submitted a...

KESH to Make the Future Brighter with Innovative RE Solution

KESH to Make the Future Brighter with Innovative RE Solution

TIRANA, May 29 For the first time in Albania, one single power plant facility will be used for renewable energy generation from two different sources of energy. The Albanian Power Corporation (KESH), the largest producer of hydroelectricity in the region will begin the implementation of...