Tag: EBRD

Home EBRD
EBRD to Support New VET School in Patos
Post

EBRD to Support New VET School in Patos

TIRANA, December 11 A new vocational school is expected to open in Patos, Fier (southern Albania). The European Bank for Reconstruction and Development (EBRD) announced that it will support an Albanian company, which operates in the metal manufacturing sector, to establish its own school. The vocational education and training school will offer welding qualifications, work-based...

Albania Should Pursue Reforms in Key Sectors, EBRD Says
Post

Albania Should Pursue Reforms in Key Sectors, EBRD Says

TIRANA, November 14 Albania should pursue reforms in key sectors, the European Bank for Reconstruction and Development (EBRD) said on its Transition Report 2018-2019. According to the Bank, short-term the priorities are to further liberalize the market, enforce payment discipline in state-owned companies, and improve the regulatory framework to ensure cost-reflective tariff-setting. Another key priority...

Petition to Drop Destructive Hydropower in the Balkans and to Save the Blue Heart of Europe Delivered to EBRD
Post

Petition to Drop Destructive Hydropower in the Balkans and to Save the Blue Heart of Europe Delivered to EBRD

TIRANA, June 21 This is a joint press release by Bankwatch, Riverwatch, EuroNatur, and Patagonia Yesterday, representatives of the Save the Blue Heart of Europe campaign to save Europe’s last remaining wild rivers hand-delivered a petition endorsed globally by more than 120,000 people to high-level executives at the London headquarters of the European Bank for...

EBRD Asks Albanian Authorities to Improve the Business Climate
Post

EBRD Asks Albanian Authorities to Improve the Business Climate

TIRANA, June 19 The European Bank for Reconstruction and Development (EBRD) requires from the Albanian authorities to improve the business environment and to concentrate investments in the power and infrastructure sectors. This was said during the meeting of the Albania Investment Council, where the legal frame on investments was discussed. Vice President of EBRD Alain...

Fier and Vlora Bypass Project to Start Within the Year
Post

Fier and Vlora Bypass Project to Start Within the Year

TIRANA, August 30 The bid on Vlora and Fier bypass roads will open again this year. The European Bank for Reconstruction and Development (EBRD) announced the official launch of procedures for the retendering of the two above-mentioned contracts. Meanwhile, official authorities from the Albanian Road Authority confirmed for local media that this process is expected...

EBRD to Grant €30 mln for Tirana Water Supply Network
Post

EBRD to Grant €30 mln for Tirana Water Supply Network

TIRANA, August 24 The European Bank for Reconstruction and Development (EBRD) will provide a loan up to Euro 30 million to the Water and Wastewater Utility Company (UKT) in the capital city. The project aims at assisting the company in reaching the objective of providing a 24-hour water supply by 2021 and for reducing the...

Agreement on Two Major Railway Projects Okayed
Post

Agreement on Two Major Railway Projects Okayed

TIRANA, February 23 The projects on the rehabilitation of Tirana-Durres railway and on the construction of Tirana-Rinas railway will be concretized soon. The Council of Ministers adopted on Wednesday the loan agreement with the European Bank for Reconstruction and Development (EBRD). The total value of the projects reaches EUR 86.4 million while EBRD will finance...

Skills and Innovation Gap Affect Labour Productivity
Post

Skills and Innovation Gap Affect Labour Productivity

TIRANA, February 3 Labour productivity in Albania accounts for one-third of the regional average and one-fifth of the most developed EU member countries. This was recently confirmed by a report issued by the European Bank for Reconstruction and Development (EBRD). According to the report, the weak growth of labour productivity in Albania is related to...

Income Inequality Up in Albania, EBRD Says
Post

Income Inequality Up in Albania, EBRD Says

TIRANA, January 27 Inequality has increased in Albania. Even though official statistics say that inequality decreased, Albanians perceive the opposite. According to the European Banks for Reconstruction and Development (EBRD) perceptions of inequality pose a threat to economy and political stability. This was highlighted during the presentation of the EBRD’s Transition Report 2016-2017. “People say...