Tag: earthquake

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New Bill to Impose Tough Sanctions on Building Safety
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New Bill to Impose Tough Sanctions on Building Safety

TIRANA, September 8 A new draft law on construction safety aims at improving the existing legal framework as well as imposing hefty penalties for construction developers that don’t comply with the law. The new bill comes as a necessity following the major damage caused by the earthquake of November 26th. In many cases, it was...

Albania Mulling a €600 mln Eurobond Issue in May
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Albania Mulling a €600 mln Eurobond Issue in May

TIRANA, February 5 Albania is planning a new Eurobond issue of up to Euro 600 million in May, Minister of Finance and Economy Anila Denaj said for Reuters on Tuesday. Before the earthquake of November 2019 hit Albania, authorities were considering the possibility to borrow about Euro 500 million by November 2020. According to Denaj,...

Donors’ Conference on Albania Reconstruction set in February
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Donors’ Conference on Albania Reconstruction set in February

TIRANA, January 10 The donor’s conference in support of Albania in light of November’s earthquake will take place on February 17th in Brussels. Head of the European Union delegation to Tirana, Ambassador Luigi Soreca confirmed the date on Friday. The donors’ conference to help #Albania🇦🇱 in its reconstruction efforts following the devastating earthquake of 26...

Germany to Grant €4 mln for Post-Earthquake Reconstruction
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Germany to Grant €4 mln for Post-Earthquake Reconstruction

TIRANA, December 20 The German government will provide Euro 4 million in support of the reconstruction of schools and public facilities affected by the earthquake of November 26th. The Embassy of Germany to Tirana confirmed that Albanian authorities have been officially informed on Friday about the grants that will be allocated through the Development Bank...

The EU Stands in Solidarity with Albania
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The EU Stands in Solidarity with Albania

TIRANA, December 13 On Thursday, December 12th, the European Council adopted conclusions on important issues, among them, the support for Albania. “The European Union stands in solidarity with Albania in light of the recent earthquake. The European Council welcomes the Commission’s announcement to provide humanitarian assistance and to organize a donors’ conference,” it was concluded....

Austria Pledges €600,000 to Earthquake-Affected Families
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Austria Pledges €600,000 to Earthquake-Affected Families

TIRANA, December 6 In light of the earthquake of November 26th, Austria pledges Euro 600,000 to the reconstruction of damaged houses. The agreement was signed on Friday by the Austrian Development Agency (ADA) and the National Agency for Civil Protection. “The fund aims to improve the living conditions of families affected by the earthquakes of...

International Experts Helping in Damage Assessment
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International Experts Helping in Damage Assessment

TIRANA, December 4 Experts’ teams from the EU, Israel, Switzerland, and the US consisting of specialists and structural engineers have been dispatched to Albania following the earthquake that took 51 lives and left hundreds injured and thousands of damaged residential and commercial buildings. The damage assessment and aid distribution in the affected areas is led...

How to Make Insurance Claims after the Earthquake, AMF Explains 
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How to Make Insurance Claims after the Earthquake, AMF Explains 

TIRANA, December 3    The Albanian Financial Supervisory Authority (AMF) informs all the citizens affected by the earthquake that own a coverage contract with insurance companies to contact them. According to AMF, an expert from the insurance company must inspect the damaged property. Moreover, AMF advises to not neglect the terms defined in the insurance...

EU Ambassador Pledges Support to Albania
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EU Ambassador Pledges Support to Albania

TIRANA, December 2 The European Union Delegation in Albania announced that technical engineers from the EU Member States and other countries, under the coordination of the EU Civil Protection Mechanism, are on the ground to assist the Albanian authorities in assessing the damages on the buildings and infrastructures affected by earthquakes earlier this week. EU...

Albania Earthquake: How to Help the Victims 
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Albania Earthquake: How to Help the Victims 

TIRANA, November 27   In the light of the emergency state in the region of Durres and Tirana, Albanian and international citizens, the business community, the Albanian Diaspora, and foreign governments are showing their support and helping out the victims with assistance, disaster relief funds, and supplies. Citizens affected by the earthquake are currently sheltered in...