Tag: <span>The World Bank</span>

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WB Approves $50 mln for Tourism Roads Reconstruction
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WB Approves $50 mln for Tourism Roads Reconstruction

TIRANA, April 26 The World Bank (WB) announced on Thursday that it approved a 50 million dollar fund for the development of regional and local roads with a special focus on supporting the tourism and agriculture sectors. Pogradec – Tushemisht, Fier – Seman, and Qafe Thore – Theth are the three roads that will be...

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...

Economy on Positive Trend, BoA’s Governor Says
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Economy on Positive Trend, BoA’s Governor Says

TIRANA, October 16 Economic activity in Albania marked improvement. This was said by Governor of the Bank of Albania (BoA) Gent Sejko during the annual meeting of the International Monetary Fund (IMF) and the World Bank Group in the United States during October 13-15. Sejko held several meeting with leading personalities in global finance during...

Quality of Infrastructure Investments Remains Low, IMF Says
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Quality of Infrastructure Investments Remains Low, IMF Says

TIRANA, July 26 The International Monetary (IMF) ranks Albania second last in a list of 40 countries regarding the quality of infrastructure investments even though billions of Euros from taxpayer’s money were paid for public investments, Top Channel reported referring to a report by IMF. According to the IMF, the Albanian government spent an annual...

Forests Census to Show what Happened to Albanian Forests Since 1990
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Forests Census to Show what Happened to Albanian Forests Since 1990

TIRANA, June 28 A national forest census will show how forest in Albania changed during the last decades. The National Forest Inventory, part of the project on Environmental Service that is supported by the World Bank (WB) and the Swedish government, is set to begin soon. It will provide updated information on the current situation...

The WB Grants $70mln Loan for Improving Business Environment
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The WB Grants $70mln Loan for Improving Business Environment

TIRANA, February 1 The World Bank (WB) approved on Tuesday a loan of $ 70 million on competitiveness development for Albania. The policy operation supports reforms aimed at enhancing the country’s competitiveness by improving the investment regime, making it easier to do business, and facilitating trade. It aims at supporting the series of reforms undertaken...

Income Inequality Up in Albania, EBRD Says
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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...

Albanian Road Maintenance System Set to Undergo Changes
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Albanian Road Maintenance System Set to Undergo Changes

TIRANA, January 23 The Albanian road maintenance management system is set to undergo radical changes. According to Top Channel, a joint project between the government and the World Bank (WB) will be implemented and only four private companies will manage about 1,300km. Currently, 90 companies have a road maintenance contract. The project consists of a...

The World Bank Allocates EUR 71 Mln for Tourism in Southern Albania
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The World Bank Allocates EUR 71 Mln for Tourism in Southern Albania

TIRANA, December 14 The World Bank will lend Euro 71 million to Albania for improving tourism infrastructure in Southern Albania, respectively in the municipalities of Berat, Saranda, Permet, and Gjirokastra. The project on integrated urban and tourism development was signed on Tuesday between the Albanian government and WB’s representatives. The WB’s Country Director Ellen Goldstein...