Germany Gives EUR 41.5 mln for Development Projects in Albania

TIRANA, July 13

Albania and Germany signed on Tuesday the protocol of cooperation for the next two years, which consists of a fund of Euro 41.5 that will be allocated in support to development projects in the country. It was signed by Deputy Prime Minister Niko Peleshi in the presence of the newly appointed ambassador of Germany to Tirana, Susanne Schuetz.
According to Peleshi, priority will be given to projects on water supply networks, vocational education, and waste management. More specifically, Albania-Macedonia interconnection line, the urban waste management system in Vlora, which has a cost of Euro 19.5 million, and many other projects on employment and rural development will benefit from the above-mentioned fund.
On her part, Ambassador Schuetz said that cooperation between both countries is considered as an essential part of the path of Albania toward the European Union. She stated that Germany praises the constructive role of Albania on peaceful development and region stability, a thing that was highlighted even during the Western Balkans Summit in Paris.
Germany is considered as one of the main contributors to the Albanian economy. In more than 20 years, the German contribution reaches up to Euro one million.

News Source: Local media