Tag: Trans Adriatic Pipeline

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TAP is Complete and Ready to Deliver Natural Gas to Europe
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TAP is Complete and Ready to Deliver Natural Gas to Europe

TIRANA, October 15 The construction of the Trans Adriatic Pipeline, the biggest and most important investment in the Albanian energy sector has been substantially completed, the managing company confirmed. The 878km long pipeline, part of the Southern Gas Corridor, is the first direct pipeline between the Shah Deniz II field in the Azerbaijani sector of...

Albania’s Energy Sector Attracted most FDI inflow in Q3
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Albania’s Energy Sector Attracted most FDI inflow in Q3

TIRANA, December 26 The highest amount of Foreign Direct Investment (FDI) inflow during the third quarter (Q3) of 2018 came from companies investing in the energy and power sector. According to the data provided by the Bank of Albania (BoA), investments in the energy sector accounted for 38 percent of the total FDI volume during...

Albania Received Most EU FDI Inflow in 2017 Compared to Region
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Albania Received Most EU FDI Inflow in 2017 Compared to Region

TIRANA, December 21 The Foreign Direct Investment (FDI) inflow to Albania from the European Union (EU), by the end of 2017 was Euro 5.45 billion, Eurostat confirmed. The volume of FDI inflow from the EU member countries to Albania accounts for 47 percent of the country’s Gross Domestic Product (GDP), Monitor magazine reported on Thursday....

Over 82% of TAP Project Completed
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Over 82% of TAP Project Completed

TIRANA, November 13 “The Trans Adriatic Pipeline (TAP) pipeline construction is well underway. About 82percent of the project is completed and we are well on track & on time to start operations in 2020,” AzerNews reported early this Tuesday based on a message received by TAP AG consortium. Progress and facts about TAP in Albania...

Top Countries with Largest Share of FDI Inflow to Albania
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Top Countries with Largest Share of FDI Inflow to Albania

TIRANA, June 25 Greece counts for the highest foreign direct investment (FDI) stock in Albania. According to the official statistics provided by the Bank of Albania (BoA) on FDI stock, Greek companies in Albania have invested mostly in telecommunications and in the banking sector. Greek direct investments in Albania during the first quarter of the...

Foreign Investments Surged in Q1
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Foreign Investments Surged in Q1

TIRANA, June 12 Foreign Direct Investments (FDI) increased by 61.6 percent during the first quarter (Q1) of 2018 compared to the same period of the previous year. The Bank of Albania (BoA) reported that foreign companies invested Euro 283 million in the Albanian economy, or some €108 million more compared to January-March 2017. BoA confirms...

Albania Confident of Economic Take-off in 2018
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Albania Confident of Economic Take-off in 2018

TIRANA, January 16 Foreign Direct Investment inflow (FDI) plays a major role in the economic development of Albania. So far, Devolli and the Trans Adriatic Pipeline (TAP) are the most important projects from foreign companies, but they are expected to be completed during this year. Yet the Albanian government is optimistic and its representatives say...

‘Eyes of Tirana’ New Building will Tower Over City Center
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‘Eyes of Tirana’ New Building will Tower Over City Center

TIRANA, December 15 A 26-storey building known as the ‘Eyes of Tirana’ will be built in the capital downtown area. The National Territory Council (KKT) adopted on Wednesday 17 decision including the development permit for Concord Investment, the subject that is going to implement the project. It is expected that the construction phase will start in 2018....

FIAA Urges Better Business Environment to Attract Investors
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FIAA Urges Better Business Environment to Attract Investors

TIRANA, November 9 A few days after the World Bank (WB) confirmed the fact that Albania slipped seven places in Doing Business Index 2018, the Foreign Investors Association of Albania (FIAA) called for a better business climate. Albania in 2017 index ranked 58th and it made a historic jump of 32 places. However, this year it...

Over 50% of TAP Is Completed, EU Backs IAP
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Over 50% of TAP Is Completed, EU Backs IAP

TIRANA, September 8 The Trans Adriatic Pipeline is now more than 50 percent completed. This was confirmed by the company in a recent announcement. According to the TAP, this was achieved in about 16 months after construction began. So far, about 70 percent of the project route in Albania and Greece was cleared. Moreover, the...