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WB: Albania’s Economy to Slow to 3.6% in 2019

WB: Albania’s Economy to Slow to 3.6% in 2019

TIRANA, January 11 While the outlook for the global economy has darkened, Albania’s economic growth is projected to slow down from four percent in 2018 to 3.6 percent in 2019. The World Bank (WB) said this on its January 2019 edition of the Global Economic...

The World Bank Warns of FDI Inflow Decline by 2019

The World Bank Warns of FDI Inflow Decline by 2019

TIRANA, October 26 The Foreign Direct Investment inflow (FDI) in Albania are expected to account for 5.6percent of the Gross Domestic Product (GDP) by 2019, the World Bank (WB) warned. Monitor Magazine reported that according to the latest projection of the WB, FDI inflow in...

Viewpoint Platforms Built over Osumi Canyons

Viewpoint Platforms Built over Osumi Canyons

TIRANA, June 5 A triangular viewing platform perched on the edge of Osumi Canyons was recently inaugurated in Corovoda area. This a rest stop over the beautiful canyons of Osumi River, in south-central Albania, that are one of the best tourist destinations in the country...

European Investment Bank Eyes to Fund TAP

European Investment Bank Eyes to Fund TAP

TIRANA, March 7 The Trans Adriatic Pipeline (TAP) is capturing the attention of international financial institutions. After the European Bank for Reconstruction and Development (EBRD), the European Investment Bank is showing interest in crediting the project. This was confirmed by the head of Division for...

EBRD Considers Major Investment in TAP Project

EBRD Considers Major Investment in TAP Project

TIRANA, December 30 The European Bank for Reconstruction and Development (EBRD) along with other partners are considering becoming investors on the implementation of the Trans Adriatic Pipeline (TAP). “It is premature to go into any further details at this stage regarding this commitment,” a confidential...

TAP Uses Cutting Edge Technology for Seman River Crossing

TAP Uses Cutting Edge Technology for Seman River Crossing

TIRANA, November 11 The Trans Adriatic Pipeline (TAP) started on November the work on a complex part of its route. Modern technology was used for the first time in Albania for a crossing segment of over 1.1 kilometers in Fier  area where River Seman, the...