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TAP Transports First 10bcm of Natural Gas to Europe
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TAP Transports First 10bcm of Natural Gas to Europe

TIRANA, March 17 A total of ten billion cubic meters (bcm) of natural gas from Azerbaijan has now entered Europe through the Trans Adriatic Pipeline, TAP-AG announced on Thursday, March 17th from Baar, Switzerland, where it is registered. Out of those 10 bcm, about 8.5 bcm have been transported to Italy, the press release points...

Q2 Albania’s Economic Growth Left at 2.31%
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Q2 Albania’s Economic Growth Left at 2.31%

TIRANA, October 1 The Albanian economy grew more slowly in the first half of 2019 compared to the same period of 2018. This was confirmed by the recent stats provided by the Institute of Statistics (INSTAT). Slow growth might persist through the end of the year, largely because the Trans Adriatic Pipeline (TAP) is reaching...

WB: Albania’s Economy to Slow to 3.6% in 2019
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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 Prospects (GEP) report. According to the World Bank, Albania’s GDP...

The World Bank Warns of FDI Inflow Decline by 2019
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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 Albania will decline during the upcoming years. According to the...

Viewpoint Platforms Built over Osumi Canyons
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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 both for ecotourism or adventure sports. The viewpoint will provide...

European Investment Bank Eyes to Fund TAP
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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 Central and South Eastern Europe, Flavia Palanza following a meeting...

EBRD Considers Major Investment in TAP Project
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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 source said for azernews. Earlier, the president of EBRD Suma...

TAP Uses Cutting Edge Technology for Seman River Crossing
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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 railway line and road are located. Thus, the team decided...