2005 Foreign Direct Investment amounts at $ 260million

TIRANA, Oct. 19 – Foreign Direct Investment in Albania in 2005 were $260 million, according to the World Investment Report 2006 published by the United Nations Conference on Trade and Development. The report said FDI in Southeast European region was

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Public procurements in the context of integration

TIRANA, Oct. 18 – The Albanian Agency for Public Procurements (APP) and the Delegation of the European Commission in Albania organized Wednesday a conference entitled “Public Procurement- an important step to European Integration.” There were speeches by several participants like

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Albania to have an interconnection power line with Kosova

TIRANA, Oct.17 – A power line with the capacity of 400 kW will be built based on the last memorandum of understanding between Albania and Kosova. Kosova’s energy ministry has already published a feasibility study determining the connection sites for

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Albania hosts CEI meeting

TIRANA, Oct.19 – Ministry of Agriculture, Food and Consumer protection would hold a two-day meeting of agriculture minister from central and southeast European countries in the western port city of Durres. Albania holds the presidency of the Central European initiative

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Social security contributions and the informal economy

TIRANE, Oct. 19 – Evelina Koldashi, director of the Social Security Institute of Albania (SSIA), said that lowering the required social security contribution from the employer side by 30% would help the fight against informal economy. That measure would reduce

Read Full Article

KESH to tender for 2006 energy purchase

TIRANA, Oct. 18 – The state run electricity corporation KESH has announced it will launch an itnernationa tender to buy 162.8 million euro of electric energy. That corresponds roughly to 2,206 million MWh of electricity. The tender will open Oct.

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Ad-hoc committee to regulate all gambling and lottery businesses

TIRANA Oct. 18 – The government decided to create an ad-hoc committee on the expanding lotteries and other gambling businesses. This committee, at the Economy Ministry, will examine all license inquiries and business applications for casinos and similar structures. The

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Chamber of Commerce and Industry co-organizes economic conference in Germany

DUSSELDORF, Oct. 16-17 – Tirana Chamber of Commerce and Industry co-organized in D

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HOCHTIEF AirPort Partners funds school reconstruction

RINAS, Oct.18 – HOCHTIEF Airport company organzied a ceremoy Wednesday to celebrate the completion of the renovation of a local school near the Rinas Airport. HOCHTIEF collaborated with the Albanian-American Enterprise Fund, which also is its shareholder, and the construction

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Poverty level at 30%

TIRANA, Oct 17 – On the world day against poverty Tuesday the latest figures from the Albanian Institute of Statistics (INSTAT) showed that more than one-fourth of Albanians lived on less than $50 a month and 5 percent could not

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                    [post_content] => TIRANA, Oct. 19 - Foreign Direct Investment in Albania in 2005 were $260 million, according to the World Investment Report 2006 published by the United Nations Conference on Trade and Development. The report said FDI in Southeast European region was $13.3 billion. Almost all countries reported substantial increases in their FDI flows with Bulgaria and Romania topping the list, given their soon-to-be realized accession to the EU. Macedonia ranked with a reported cut of 50 percent.
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                    [post_content] => TIRANA, Oct. 18 - The Albanian Agency for Public Procurements (APP) and the Delegation of the European Commission in Albania organized Wednesday a conference entitled "Public Procurement- an important step to European Integration." There were speeches by several participants like Liam Heavin, Head of the Expert Team of the Support to the Public Procurement System project, Prime Minister Sali Berisha, EC Ambassador Helmuth Lohan, and others. Lohan said that correct implementation of the new legislation about public procurements would enhance competition in the free market; trust in the official institutions and transparency about the process of procurement. Other speakers shared the experience from their respective countries like Italy and Slovakia. The conference aimed at providing the Albanian government with specific recommendations on designing the bets way to implement the new legislation on public procurements. Berisha asked the government at their meeting to provide by Nov. 20 all necessary assistance for some important legal acts on public procurements.
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                    [post_content] => TIRANA, Oct.17 - A power line with the capacity of 400 kW will be built based on the last memorandum of understanding between Albania and Kosova. Kosova's energy ministry has already published a feasibility study determining the connection sites for the line. According to this publication, the power plant Kosova B, located near Prishtina, will be connected to the sub-station of Kashar, near Tirana, realizing an important amount of energy exchange. The hydropower station of Vau i Dejes will be the most important transition point of the line. There will be installed some 250 kilometers of power lines with the majority of them in Albania. The first segment of the line, which runs from Kosova B to Vau i Dejes, will cost $64 million. The construction work will start in 2009 and is expected to last for one year. This project comes in the context of creating a common energy market. That initiative was launched in Athens in 2002 from Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Greece, Italy, Macedonia, Romania, Serbia, Montenegro, Turkey and Kosova.
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                    [post_content] => TIRANA, Oct.19  - Ministry of Agriculture, Food and Consumer protection would hold a two-day meeting of agriculture minister from central and southeast European countries in the western port city of Durres. Albania holds the presidency of the Central European initiative this year. The meeting will discuss several challenges related to the region's integration process. It will debate on European standards for food products, the expansion of export markets between participant countries and the protection of bio agricultural products. Agriculture and agro-industry is expected to be heavily influenced by the European integration process.
                    [post_title] =>  Albania hosts CEI meeting 
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                    [post_content] => TIRANE, Oct. 19 - Evelina Koldashi, director of the Social Security Institute of Albania (SSIA), said that lowering the required social security contribution from the employer side by 30% would help the fight against informal economy. 
That measure would reduce the total cost to the employers causing in turn an increase in the general employment level. Koldashi predicted that the lower cost would urge businesses that have not insured their employees yet to approach the social security program normalizing their activity and legally registering their employees. The SSIA expects the increase in private contributions by 25 percent. It expects to have 39 billion leks in 2007. That will be used to afford higher pensions and to realize the doubling of the lowest pensions. The reduction measure will be added with other administrative and legal changes in order to provide a better framework to fight fiscal evasion.The SSIA will collaborate intensively with the General Directory of Taxation to accomplish its goal, she said.
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                    [post_content] => TIRANA, Oct. 18 - The state run electricity corporation KESH has announced it will launch an itnernationa tender to buy 162.8 million euro of electric energy. That corresponds roughly to 2,206 million MWh of electricity. The tender will open Oct. 27. It aims at meeeting the domestic demand for the whole 2007 year. The purchase will be realized in four stages according to the following schedule:
January - March _ 568,000 MWh
April-June	_ 410,600 MWh
July-September _ 530,000 MWh
October-December _ 697,400 MWh
That decision comes when water level at the hydroelectric units in the north is falling by 1cm/hr due to the lack of rainfall. The dry fall season is a worrying factor for a country where energy shortages have often paralyzed normal daily activities in the winter.
                    [post_title] =>  KESH to tender for 2006 energy purchase 
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                    [post_content] => TIRANA Oct. 18 - The government decided to create an ad-hoc committee on the expanding lotteries and other gambling businesses. This committee, at the Economy Ministry, will examine all license inquiries and business applications for casinos and similar structures. The final decision-maker will be the minister, who will consult the expertise of the commission on a case basis. The commission will also design new rules and regulations about the standard of the lottery tickets. Other competencies include the annulment of the business licenses when the specific business refuses to comply with the approved regulations and proposing the number of casinos that can be simultaneously opened in a specific zone. The General Directory of Custom said that during the period January-September they had collected taxes from them up to 788,664 million leks. In September alone there was an increase of 43 percent compared to the same month last year.
                    [post_title] =>  Ad-hoc committee to regulate all gambling and lottery businesses  
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                    [post_content] => DUSSELDORF, Oct. 16-17 - Tirana Chamber of Commerce and Industry co-organized in D
                    [post_title] =>  Chamber of Commerce and Industry co-organizes economic conference in Germany 
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                    [post_content] => RINAS, Oct.18 - HOCHTIEF Airport company organzied a ceremoy Wednesday to celebrate the completion of the renovation of a local school near the Rinas Airport. HOCHTIEF collaborated with the Albanian-American Enterprise Fund, which also is its shareholder, and the construction company "Trema Engineering 2" to realize the investment for the elementary school "Rexhe Deliu." It spent 45,000 euros to thermo-isolate the ceilings and rebuilt the restrooms of the school. This investment is part of a larger project of rennovating the schools that are located in the surroundings of the airport.
                    [post_title] =>  HOCHTIEF AirPort Partners funds school reconstruction 
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                    [post_content] => TIRANA, Oct 17 - On the world day against poverty Tuesday the latest figures from the Albanian Institute of Statistics (INSTAT) showed that more than one-fourth of Albanians lived on less than $50 a month and 5 percent could not afford to have food. Rich families in Albania are 12 times richer than their poorer counterparts, a number at least 5 times higher than in the developed countries. On the World Day Against Hunger the Consumer Advocacy Office organized an event to request concrete measures from the government in addressing the poverty issue. Altin Goxhaj said that Albania lacks the concept of a minimum living standard and that no figure has been determined so far that could serve as an analytical tool in designing steps to improve the situation. Prime Minister Sali Berisha has said that the new 2007 budget would specifically address poverty. (Tirana Times Staff)
                    [post_title] =>  Poverty level at 30% 
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            [post_content] => TIRANA, Oct. 19 - Foreign Direct Investment in Albania in 2005 were $260 million, according to the World Investment Report 2006 published by the United Nations Conference on Trade and Development. The report said FDI in Southeast European region was $13.3 billion. Almost all countries reported substantial increases in their FDI flows with Bulgaria and Romania topping the list, given their soon-to-be realized accession to the EU. Macedonia ranked with a reported cut of 50 percent.
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