Tag: <span>Albanian government</span>

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Reaction of Dutch Embassy to Tirana: You Have to Do More
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Reaction of Dutch Embassy to Tirana: You Have to Do More

TIRANA, June 13 The Embassy of Netherlands in Tirana, gave an official announcement yesterday after the voting in the Dutch parliament for not starting the negotiations with Albania, adding that the Netherlands remain determined for the perspective of EU regarding the countries in the Western Balkans. The Dutch Embassy in its statement said that the...

The government to sell four state owned companies within 2015
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The government to sell four state owned companies within 2015

The Albanian government will auction for sale about 85 state owned objects by the end of this year, according to statement by the Ministry of Economy. The head of the Privatization Directory, Zamir Stefani, declared in an interview for Scan TV that the Ministry has compiled the privatization documents for 45 objects. The Ministry will...

Bankers Petroleum allocated $86 ml to the state budget during 2014
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Bankers Petroleum allocated $86 ml to the state budget during 2014

Bankers Petroleum oil company has increased its revenues according to statistics published by the company for the performance shown in the past year. The Canadian owned company allocated to the Albanian state budget about $86 million as mining rent during 2014, equal to 15% of the total of company’s revenues. Bankers Petroleum announced that for...

Albania will use the World Bank as a warrantor to receive new loan
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Albania will use the World Bank as a warrantor to receive new loan

The Albanian government will use another manner in lending to private institutions and banks in the international markets, by using the World Bank as a warrantor. The use of the World Bank as a warrantor will help Albania in taking a $250 ml loan from private entities in European financial markets. This type of procedure...

New budget and fiscal package 2015 entered in force in January 1, 2015
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New budget and fiscal package 2015 entered in force in January 1, 2015

Starting from January 1st, financial institutions and other institutions related to them started the implementation of the new Budget and fiscal package for 2015, adopted on December 2014 by parliament. Speaking about Budget 2015, the government has decided as objectives the maintenance of macro-economic balances, the decrease of public debt and to guarantee the implementation...

Government increases excise duty on “luxury goods”
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Government increases excise duty on “luxury goods”

Starting from January 2015, businesses will have to pay new taxes for “luxury goods”, as coffee, energy drinks, beer, wine and tobacco. Businesses will pay more excise duty for these products, as announced by the government. As published in the Official Bulletin, the excise duty for coffee is 60 ALL/kg, for energy drinks is 30...

“Golden Bee 2014” awards 50 successful entrepreneurs
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“Golden Bee 2014” awards 50 successful entrepreneurs

“Golden Bee 2014” was the special ceremony held by the Ministry of Economic Development, Trade and Entrepreneurship to evaluate and award prices for 50 Albanian entrepreneurs. During the ceremony, Prime Minister of Albania, Mr. Edi Rama, held a speech at the ceremony stressing that the relation between the government and businesses has been at its worst...

Government to sell its stocks of fully or partially owned accociations
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Government to sell its stocks of fully or partially owned accociations

The Albanian government may sell stocks it owns in trade associations with fully or partially state owned partnership, associations which currently operate in non strategic sectors. The latest decision of the government predicts the privatization of some associations by dividing the stocks among the interested people. The owners of the terrain where a company may...

EBRD ranks Albania the first for the implementation of structural reforms
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EBRD ranks Albania the first for the implementation of structural reforms

A latest report by European Bank for Reconstruction and Development ranked Albania the first among regional countries for the implementation of structural reforms during 2014.  “Report of Transition 2014” issue gives a positive assessment to Albania for the realization and finalization of many reforms in the ICT sector, agro business, industry, real estate, sustainable energy,...