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Exxon Mobil company present in the Albanian market
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Exxon Mobil company present in the Albanian market

The world famous “Exxon Mobil” company has signed an exclusive contract with the Albanian company “Kastrati” for the distribution of its products in Albania for the first time. Albanian consumers will be able to be supplied with crude products produced by the largest company in the field of oil, Exxon Mobil, which has an average...

Bankers Petroleum increases oil production, sales and revenues
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Bankers Petroleum increases oil production, sales and revenues

During the second trimester of this year, “Bankers Petroleum” has declared an increase of 15% of its average oil production, sales at a percentage of 17% and an increase of 18% of incomes compared to the first trimester of 2014. Speaking in other words, the average oil production during this period estimated to be 20,630...

A survey to help businesses
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A survey to help businesses

Ministry of Economic Development, Trade and Enterpreneurship will periodically conduct a survey in order to be aware of problems and difficulties that businesses face. The Ministry also will propose changes in the bureaucratic procedures for these businesses in order to improve and facilitate their registration and licensing at National Registration Center and National Licencing Center,...

Funding project in the agriculture sector for farmers who use greenhouses
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Funding project in the agriculture sector for farmers who use greenhouses

In the frame of the revival of agriculture production in Albania, the Ministry of Agriculture announced three months ago a new funding project for farmers who need to invest in their agricultural businesses by implementing greenhouses. The Ministry announced lately that on September 1st, the Agency of Payments will open the application for farmers who...

The liberalization of the electric energy market may finalize in 2015
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The liberalization of the electric energy market may finalize in 2015

Ministry of Energy and Industry has announced the compilation of a new law in regarding the electric energy sector, which will provide changes in the market model and aims its further liberalization. This new law is expected to provide opportunities for the restructuring of public companies of this sector, in accordance to the European standarts....

Foreign investments increased by 12.8% in the first trimester of 2014
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Foreign investments increased by 12.8% in the first trimester of 2014

Private investments have increased in the first trimester of this year, leaded by the increase of the foreign direct investments, which in this period increased by 12.8%, according to the latest official reports. Economy experts think that the increase of investments has been made possible by the improvement of the macroeconomic situation, the facilitation of...

Moody’s: Albania’s economy remains stable
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Moody’s: Albania’s economy remains stable

Moody’s published the latest review on the Albanian economy, by confirming its rating at B1 level. The economic development of the country remains stable, according to the analysis. By affirming the B1 bond rating of the Albanian government, it is notable that Albania has improved its economic performance due to several reasons. The close collaboration...

The contribute of the agriculture sector in country’s GDP has increased
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The contribute of the agriculture sector in country’s GDP has increased

The agricultural activity in Albania increased during the first trimester of 2014, by becoming an important factor for its contribution in the GDP. Based on the official data published by Bank of Albania, the contribute of agricultural sector in Albania;s GDP is 18.9% and continues to grow. The added value from agricultural activities, hunting and...

New improvements in the NANR’s data electronic system
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New improvements in the NANR’s data electronic system

The crude sector is the most important sector of the Albanian economy in terms of contributions that this sector provides to the state budget. According to official sources from National Agency of Natural Resources, this institution is compiling a new regulation to define control and audit methodologies. Also, a new electronic system project is undergoing...

Albpetrol state owned company marks improvement
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Albpetrol state owned company marks improvement

In the first six months of the year, the state oil company Albpetrol has increased the financial contribution to the Albanian state budget by 1.2 billion, 63% more than the same period during last year. Official statistics show that since September of last year, oil production from Albpetrol has increased by 41%. From 80.5 tonnes...