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

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About 90% of Albanians Aren’t Saving for Old Age
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About 90% of Albanians Aren’t Saving for Old Age

TIRANA, December 9 According to the World Bank (WB) only ten percent of Albanian adults save money for old age. This is one of the lowest levels in the world and the lack of income is the main reason. People say that wages are too law and they have a lot of expenses, thus it...

The WB Gives Albania $ 71mln for Urban and Tourism Development
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The WB Gives Albania $ 71mln for Urban and Tourism Development

TIRANA, November 16 The World Bank (WB) office in Albania confirmed on Wednesday that the board of the bank approved a financing of 71 million dollars on an integrated urban and tourism development project in the country. According to the press release, the project will help create jobs, increase incomes, and support local economic development...

The WB to Lend EUR 63.8 mln for Tourism in Southern Albania
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The WB to Lend EUR 63.8 mln for Tourism in Southern Albania

TIRANA, October 31 Albania will improve urban infrastructure in the southern cities of Gjirokastra, Berat, and Permet with Euro 63.8 million in financing by the World Bank (WB). The purpose of this project is to reduce poverty and increase welfare and further develop tourism. “The project will focus on the improvement of urban infrastructure in...

Albania Moves up in Doing Business 2017, but Still Last in Region
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Albania Moves up in Doing Business 2017, but Still Last in Region

TIRANA, October 26 Even though Albania made significant improvements in Doing Business 2017 report elaborated by the World Bank (WB) for 190 countries by jumping 32 places and reaching the 58 place, it still ranks below the other countries of the region. According to WB’s data, Macedonia has the best performance for the region as...

Govt Asks the WB to Support Tourism Sector with $71 mln
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Govt Asks the WB to Support Tourism Sector with $71 mln

TIRANA, August 16 The Albanian Government will borrow about 71 million dollars from the World Bank (WB) in order to support the regional development of the southern region. The Project for Integrated Urban and Tourism Development will support a package of activities aimed at improving urban infrastructure with catalytic urban upgrading efforts, aimed at enhancing...