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AEEC pays the outstanding debts to private electrical energy producers
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AEEC pays the outstanding debts to private electrical energy producers

Albanian Electrical Energy Corporation has started the process of paying the outstanding debts to the small electrical energy producer plants, accumulated since February 2014. The news announced by the Ministry of Energy on December 11 through a press release. “During the last days the AEEC has liquidated an amount of $11 ml to small electrical...

Ministry of Energy required $1 bln for the recovery of the energy system
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Ministry of Energy required $1 bln for the recovery of the energy system

The energy system needs 1 billion EUR of urgent investments for returning to normality. “When the Czech privatized the company, the newest asset in it was 36 years old. More than 40 years have passed for the newest asset today. The need is very big and the possibilities are modest”, says Ilir Bejtja, Deputy Minister...

ISTAT: Unemployment for the third quarter was 17.4%
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ISTAT: Unemployment for the third quarter was 17.4%

The unemployment rate for the third trimester of 2014 decreased slightly from 17.7% to 17.4%, compared to the second trimester of the year. INSTAT published the report on unemployment based on the data received by a survey compiled in the last months. Despite these figures, the unemployment still remains at high levels, if we compare...

Banks should increase lending for projects in the agriculture sector
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Banks should increase lending for projects in the agriculture sector

Lending is one of the most important elements for the revival of a country’s economy. Experts in this field have declared after the publication of a report by Bank of Albania that agriculture is the key sector of the Albanian economy and second tier banks should increase lending. The report by Bank of Albania shows...

Hour of Code event held on December 11, by Microsoft Albania
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Hour of Code event held on December 11, by Microsoft Albania

Microsoft Albania held on December 11 the “Hour of Code” event, in collaboration with Code.org, at the headquarters of Protik Innovation Center. The “Hour of Code” was organized in the framework of the Computer Science Education Week, held annually on December 8-12 worldwide. The event was attended by successful young pupils who are making their...

“Customs 2020” agreement between Albania and the EU ratified
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“Customs 2020” agreement between Albania and the EU ratified

Albanian Commission for the European Integration ratified on December 10 the agreement reached between the Albanian government and the European Union on June 2014 regarding the participation of Albania in the “Customs 2020” EU program. According to the vice General Director of Albanian Customs, Blerta Kraja this agreement provides a periodical financial obligation with an...

Businesses that do not meet EU standards will be excluded from the market
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Businesses that do not meet EU standards will be excluded from the market

“All businesses whose production standards do not comply with EU production and trade standards will be excluded from the market.” This is what the Minister of Agriculture declared during his speech at the first conference of the National Authority of Food, entitled “The consolidation of the Food Security, a Challenge for the Future”. Minister Edmond...

Revenues by tax and customs administration increased by 14.4% in 2014
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Revenues by tax and customs administration increased by 14.4% in 2014

Speaking at the National Forum against Corruption, the Minister of Finances, Shkelqim Cani declared that additional state budget revenues allocated by the tax administration and customs have increased by 14.4%, equal to 29.7 billion ALL more than the same period of 2013. Corruption is a wild phenomenon but we have taken several measures to fight...

Albania and Hungary sign agreement on transferring pensions
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Albania and Hungary sign agreement on transferring pensions

Albania and Hungary signed an important agreement which will give the opportunity to the Albanians to transfer their pensions to Albania or vice versa. The agreement for social protection was signed by the Albanian Minister of Social Welfare and Youth Erion Veliaj, and the Hungarian Minister of Trade and Foreign Affairs, Peter Szijjarto. According to...