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Project on Sustainable Tourism in Southern Albania Goes to Next Phase
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Project on Sustainable Tourism in Southern Albania Goes to Next Phase

TIRANA, August 15 In the framework of the project ‘For the development of tourism and urban integration’ that is being applied, with the support from the World Bank, in four city halls of Berat, Permet, Saranda and Gjirokastra, has started the consultation between the experts for the improvement of tourist zones, in Zvernec, Vjosa-Narta Protected...

The WB Estimates the GDP of Albania in 2018
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The WB Estimates the GDP of Albania in 2018

TIRANA, August 5 According to the latest classification by the World Bank regarding the Gross Domestic Product (GDP) for the year 2018, Albania is ranked the 122nd biggest economy in the world, out of 183 economies analyzed. The GDP of Albania is estimated in the size of $15.05 billion during last year, according to the...

World Bank: Remittances in Albania Were 9.6% of GDP
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World Bank: Remittances in Albania Were 9.6% of GDP

TIRANA, July 12 The remittances sent from immigrants are a crucial part of many economies all over the world. Based on the report from the World Bank (WB), published on April 8, 2019, the remittances sent to low and middle-income countries reached a record of €469 billion in 2018, an increase of 9.6% compared to...

Albania and the World Bank sign agreement on road maintenance
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Albania and the World Bank sign agreement on road maintenance

The Albanian government and the World Bank signed the agreement on the co-financing of the maintenance and road safety project, financed with EUR 65.9 ml by the World Bank and with EUR 41.2 ml by the Albanian government. The agreement was signed by the Minister of Finances Shkelqim Cani and the representative of the World Bank...

Deutsche Bank will finance Albania’s EUR 250 ml loan
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Deutsche Bank will finance Albania’s EUR 250 ml loan

The Ministry of Finances declared on Tuesday that Deutsche Bank has been announced as the winning institution that will finance Albania’s EUR 250 ml loan. This announcement came after several proposals were reviewed and evaluated by a commission of the Ministry of Finances during April 2nd -7th. The Albanian government decided to use the World...