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New funding project for Start-Ups for the next four years
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New funding project for Start-Ups for the next four years

The current government has launched recently many funding and supporting programs to encourage the opening of new enterprises by individuals. A latest funding program has been announced in support to small and micro-enterprises ( or Startups) which operate in the following sectors: production, services, tourism, research and development, agro-processing, design and handicraft.  Startups will be...

Ministry of Energy cancels 170 mining permits
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Ministry of Energy cancels 170 mining permits

170 mining permits and 40 hydroenergitic plants have been cancelled by Ministry of Energy and Industry, in the framework of the monitoring and reviewing process of all previously issued concessions. The main reasons why the Ministry took this measure relate to the absence of investments as announced in the signed contracts, the failure to pay...

Albania and Turkey will intensify the economic collaboration by increasing exports
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Albania and Turkey will intensify the economic collaboration by increasing exports

Investments in agriculture and agribusiness were the key meeting points discussed in an official meeting between the Head of Albanian Council of Agrobusiness, Enver Ferizaj, the Turkish ambassador in Albania, Hidayet Bayraktar and the Turkish commercial attaché, Muharrem Can. The Turkish ambassador required from Albanian Council of Agrobusiness to identify the problematic of the current...

Top ten businesses with the highest annual turnover for 2013
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Top ten businesses with the highest annual turnover for 2013

Monitor magazine published a ranking of the top ten businesses with the highest annual turnover for 2013. According to the conclusions of this analysis, these companies’ incomes increased during 2013, in comparison to their annual turnover for 2012.  Experts say that the Albanian economy withstood the recent years global crisis relatively well. Top ten businesses...

EBRD report: Albanian economy will increase by 2.5% in 2015
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EBRD report: Albanian economy will increase by 2.5% in 2015

The repayment of the outstading debts is a key factor that will impact in the economic growth of Albania in 2015. The conclusion comes from the European Bank for Reconstruction and Development report, according to which the Albanian economy will increase by 2.5%  next year and a slight growth of the economy by 1.7% by the...

“SWIFT Albania” forum held by Albanian Association of Banks
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“SWIFT Albania” forum held by Albanian Association of Banks

Albanian Association of Banks held on September 17, the first business forum for SWIFT (Society for Worldwide Interbank Financial Telecommunication). The participants of the forum held discussions on the possibilities of the further development of the solutions offered by this platform for bank system and various institutions. The development of infrastructure of paying system in...

Minister Haxhinasto urges EU to help in the construction of the “Eighth Corridor”
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Minister Haxhinasto urges EU to help in the construction of the “Eighth Corridor”

Albanian Minister of Transport and Infrastructure, Edmond Haxhinasto, attended the meeting of the Council of Ministers of Transport of the European Union held in Milano, Italy. During the meeting, Haxhinasto highlighted the importance of the Eighth Corridor project and urged for EU to invest in this project. This investment is seen as an important contribution...

Albania signs agreement with Turkey and Netherlands for the export of potatoes
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Albania signs agreement with Turkey and Netherlands for the export of potatoes

A new opportunity for the export of potatoes made in Kukes county, after the announcement of a joint collaboration between Albania, Turkey, Netherlands and Kosovo. Potatoes that cultivate in Shishtavec village and in some regions of Kosovo will have as a destination the markets of Turkey and Netherlands. During the presentation of this initiative, the...

Albanian Eurobonds’ interest rate has declined
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Albanian Eurobonds’ interest rate has declined

The interest rate of Albanian Eurobonds sold in the secondary markets has declined during this year, according to the latest data. The Albanian government bonds are quoted at a percentage of 3.38, while in the beginning of this year this percentage estimated to be 5.4%. Yield on the Albanian Eurobonds is at the lowest levels...

Negotiations between Albania and the IMF ongoing
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Negotiations between Albania and the IMF ongoing

The Minister of Finances, Shkelqim Cani, declared in a press conference that the negotiations with the IMF delegation are opened and the discussions must continue regarding the budget and the fiscal package for 2015.  “We agreed to IMF to continue our efforts in the reduction of the public debt, starting by 2015”, stated Minister Cani....