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BoA: Industry’s good performance is helping the economy
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BoA: Industry’s good performance is helping the economy

The industry sector activity has marked growth in the first trimester of 2014, but at lower levels than the previous trimester, announced the Bank of Albania. this growth estimated to be at a percentage of 8.2 and according to the bank, the performance of industry was led by extractive industry which contributed with 14.6% in...

World Bank loans %150 ml to Albania for the improvements in the energy sector
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World Bank loans %150 ml to Albania for the improvements in the energy sector

World Bank and Albanian government have successfully finalized the negotiations to grant a loan of $150 ml which will be used for improvements  in the energy sector in country. This investment of Albania’s government it is expected to improve the energy sector services for consumers regarding to electricity distribution and bill payment. Another problematic aspect...

BoA: Inflation rates continue to remain at low levels
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BoA: Inflation rates continue to remain at low levels

The latest data published by the Bank of Albania on their monthly newsletter show that the inflation in our country will vary from 0.9% to 3.6% during 2014. Economy experts are of the opinion that Bank of Albania will serve as a stimulator during the medium term period, considering that this institution has an operational...

Government facilities for the legalization of informal buildings
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Government facilities for the legalization of informal buildings

After the adoption of the new national map for the price of land, the government has adopted a decree which predicts financial facilities for the legalization of the informal constructions. Refering to this, the interested persons who need to legalize their buildings aimed at housing, have to pay only 50% of the value of the...

The presentation of “Vlora Waterfront Promenade” (Lungomare) project
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The presentation of “Vlora Waterfront Promenade” (Lungomare) project

Minister of Urban Development and Tourism Eglantina Gjermeni, presented in Vlora city on 5th of this month, the “Vlora waterfront promenade” (Lungomare) project. “This pilot project is of a high importance and will be considered as a public project example for the improvement of other Albanian cities”, declared Minister Gjermeni. On February 21st an international...

A task force unit for the verification of fishing licenses
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A task force unit for the verification of fishing licenses

Ministry of Agriculture has established a Task Force unit that will work on the verification of the licences of sea fishing, internal waters, aquaculture and agricultural land contracts. During a press conference, it was announced the annulment of 22 fishing licenses and 45 contracts of agricultural lands. Another aspect which will be taken in consideration...