Category: News

Home News
Albanian Railway to Undergo New Restructuring
Post

Albanian Railway to Undergo New Restructuring

TIRANA, August 9 Ministry of Infrastructure and Energy has initiated the draft law for the division of Albanian Railway. According to the version chosen in this draft law, the Albanian Railway will be divided into 4 independent units, each one of the joint-stock companies, completely independent from the others. When the law will come into...

Albania to Establish a Transport Investigation Authority
Post

Albania to Establish a Transport Investigation Authority

TIRANA, August 9 The Ministry of Infrastructure and Energy has composed and passed for public consultation, the draft law ‘For the creation of the National Authority for Accidental and Incident Investigation’. This draft law predicts the creation of a national authority for maritime and railway incidents. This draft law predicts the definition of rules for...

Govt Launches Bid for Marina Rodon
Post

Govt Launches Bid for Marina Rodon

TIRANA, August 7 The Ministry of Infrastructure has declared open the tender for giving with concession to public/private consortium the port of yachts near the Cape of Rodon. The form of the contract is B.O.T. (Build-Operation-Transfer), whereas the source of the funding is a private investment. The duration of the concession will be for 35...

Citizenship by Investment, What’s New in the Law?
Post

Citizenship by Investment, What’s New in the Law?

TIRANA, August 6 Expected changes to the law on Citizenship will allow specific categories, foreign investors included, to obtain Albanian citizenship. The draft-law will increase the options for acquiring citizenship with new additional articles. Deputy Interior Minister Rovena Voda explained in an interview for ATA that the novelties to the law are related to the...

Tirana – Memmingen Direct Route Inaugurated
Post

Tirana – Memmingen Direct Route Inaugurated

TIRANA, August 6 The Direct route between Tirana and Memmingen in Bavaria was inaugurated this week. The non-stop service is operated twice a week on Wednesdays and Sundays by Hungarian airline Wizz Air. The inaugural ceremony took place at Tirana International Airport (TIA) with the traditional water salute. Tickets are available for online booking at...

HelloFly, to Launch Direct Route Tirana-Napoli in September
Post

HelloFly, to Launch Direct Route Tirana-Napoli in September

TIRANA, August 2 Mother Theresa Airport in Albania, will have a new airline that will fly directly from the Italian cities of Napoli and Trapani to Tirana. The Maltese airline, HelloFly has announced on its official website, on Thursday, August 1 that this route will start very soon, on September 20th. HelloFly will operate the...

Post

Albanians Prefer this Currency for their Savings, over Lek

TIRANA, July 31 The Albanian economy seems it is growing the ability to create savings. According to data, based on the latest report published by the Bank of Albania, from January-June 2019, the total savings of businesses and Albanian families, reached the value of Lek994 billion. An increase of 2% compared to the same period...

Europe’s Most Innovative Countries and how does Albania rank?
Post

Europe’s Most Innovative Countries and how does Albania rank?

TIRANA, July 30 World Intellectual Property Organization (WIPO), in collaboration with the Cornell University and INSEAD, have published a few days ago the annual report titled ‘Global Innovation Index’ (GII) for the year 2019, and Albania is ranked on the 83rd spot out of 129 countries, on a worldwide level. Based on the report, Albania...

Albanians Spent on Average Lek650/Month in 2018
Post

Albanians Spent on Average Lek650/Month in 2018

TIRANA, July 29 Each owner of a cell phone in Albania has spent approximately around Lek7800 during last year. Data from the Electronic and Postal Communication Authority (in Albanian AKEP) show that the average spending for a cell phone was increased by 27% in 2018, compared to 2017. This indicator is found by dividing the...