New rubbish processing plant to be installed in Tirana

TIRANA, Aug. 8 – Vice Minister of Environment Aleksander Garuli said that a new implant to process the capital’s rubbish in the suburbs in Sharra will start to be built by the end of the year following the ratification of

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Kurum employs 100 more persons at the steel plant

ELBASAN, Aug. 7 – The Turkish steel company Kurum employed 100 more persons in the new plant of steel products opened recently. Managers said they would employ former workers of the big industrial mill who are now unemployed. The total

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Local products fulfill 60 percent of the fresh fruit market

TIRANA, Aug. 8 – Domestic production fulfils 60 percent of the local market demand for fresh fruits, according to the Ministry of Agriculture, Food and Consumer Protection. Fruit products have increased 2.1 percent compared to last year, covering some 130

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American company chosen to build Rreshen-Kalimash road segment

TIRANA, Aug. 4 – An international commission chose the U.S. company Bechtel to build the Rreshen-Kalimash road segment, part of the Durres-Kukes-Morine highway. Bechtel offered the best offer out of four contenders. The company was unanimously voted and it is

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More imported coffee, fuel passing customs

TIRANA, Aug. 8 – Import of coffee during the first seven months this year have increased 67 percent compare to a year ago, or 3,566 tons from 2,135 tons. Sept. 1 will have a new increased excise tax with a

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Albanian Insurers’ H1 Premium Income Down 1.62% Y/Y to 15.6 Mln Euro

TIRANA, Aug. 5 – Albanian insurers’ gross premium income in the first half of the current year fell 1.62% on the year to 1.91 billion leks ($20 million/15.6 million euro), as falling income from mandatory insurance was not fully compensated

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Fish import reaches 1.21 billion leks

TIRANA, Aug. 7 – Though Albania is surrounded by two seas it still brings fish from imports which reached 1.21 billion leks during the first half this year, according to sources from the Ministry of Fishing. Exports were only 104

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Government passes plan for Mount Dajti, other decisions

TIRANA, Aug. 5 – The Albanian government passed a master plan for the Dajti commune to try to create a better environment in the mountain resort. Prime Minister Sali Berisha said that such a decision would oblige all the communes

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Albania To Wrap Up 17.94 Mln Euro Key Hydroelectric Plant Revamp by March 2007

TIRANA, Aug. 9 – Albania’s state-run power utility KESH said on Wednesday it would end by March a 17.94 million euro repair and upgrade project at one of the country’s largest power facilities that would improve power supply in the

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Albania toward a new gas project

TIRANA, Aug. 8 – Vice Minister of trade, Economy and Industry Gjergj Bojaxhi said that Albania may be in the prospects of turning into a transit point for many gas projects to take it toward western Europe due to is

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                    [post_content] => TIRANA, Aug. 8 - Vice Minister of Environment Aleksander Garuli said that a new implant to process the capital's rubbish in the suburbs in Sharra will start to be built by the end of the year following the ratification of an agreement with Italy. The new plant will cost 60,4 million euro and that would eliminate, process through burning and bury the rubbish, consequently significantly reducing the air pollution in the capital in the next 10 years. There will be allowed no houses to be built near the implant. The tender will be held from the Italian government as the main investor. Tirana is very much polluted with a 400 microgram/cubic from the allowed level of 70 microgram./cubic in the European Union standards.
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                    [post_content] => ELBASAN, Aug. 7 - The Turkish steel company Kurum employed 100 more persons in the new plant of steel products opened recently. Managers said they would employ former workers of the big industrial mill who are now unemployed. The total number of workers in the plant will go to 340. the new plant cost $1 million and that would reduce in half the import of 40,000 tons of iron profiles that Kurum took from Ukraine, Turkey and Greece.
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                    [post_content] => TIRANA, Aug. 8 - Domestic production fulfils 60 percent of the local market demand for fresh fruits, according to the Ministry of Agriculture, Food and Consumer Protection. Fruit products have increased 2.1 percent compared to last year, covering some 130 more hectares of land in the country.
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                    [post_content] => TIRANA, Aug. 4 - An international commission chose the U.S. company Bechtel to build the Rreshen-Kalimash road segment, part of the Durres-Kukes-Morine highway. Bechtel offered the best offer out of four contenders. The company was unanimously voted and it is to start the pre-contractual negotiations with Albania. Bechtel outbid Austrian builder Strabag, Kuwaiti group Al-Kharafi and Croatia's Konstruktor in the international tender that was closed last week. The commission also recommended that the second-listed company, Strabag, should be kept under consideration during this initial stage. Commission members said that responses to the requests were direct and transparent and that bidders had full understanding for the requests and the criteria.
Prime Minister Sali Berisha, whose government has set building the road to link to Kosovo as a priority, hailed the decision and met with commission members. "That is a great joy and a symbol for all of us," he said at a ceremony of the 60th anniversary of the American Albanian National Organization.
Bechtel will build a 55-kilometre four-lane highway between Rreshen and Kalimash, divided into three separate stretches, a five-kilometer tunnel and viaducts. The technical projects for each of the three separate sections should be ready in December, March and April respectively, the transport ministry has said earlier. The construction project is estimated to cost between $200 million and $250 million and to be financed by foreign donors to Albania, the ministry has said. The Rreshen-Kalimash stretch is part of a key transport corridor between Albania's largest Adriatic port Durres and the administrative centre of neighboring Kosovo, Prishtina. 
The project for the Albanian part of the Durres-Prishtina motorway envisages construction of 111 kilometers of new roads and repair of 59 kilometers of existing roads. The road construction projects have a total estimated value of 400 million euro and will be financed mainly by foreign donors. 
Bechtel is a privately owned global engineering, construction and project management company. It is headquartered in San Francisco and operates through 40 offices around the world and 40,000 employees. Bechtel reported $18.1 billion in revenue last year and new orders valued at $18.5 billion.
                    [post_title] =>  American company chosen to build Rreshen-Kalimash road segment 
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                    [post_content] => TIRANA, Aug. 8 - Import of coffee during the first seven months this year have increased 67 percent compare to a year ago, or 3,566 tons from 2,135 tons. Sept. 1 will have a new increased excise tax with a 10 leks per kilogram, which aims at collecting 24 million leks more. The same import increase was noted for fuel as well, with a7 percent increase.
                    [post_title] =>  More imported coffee, fuel passing customs 
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                    [post_content] => TIRANA, Aug. 5 - Albanian insurers' gross premium income in the first half of the current year fell 1.62% on the year to 1.91 billion leks ($20 million/15.6 million euro), as falling income from mandatory insurance was not fully compensated for by rising voluntary insurance income, official statistics said. The 10 insurers operating in Albania reported a combined gross premium income of 1.94 billion leks for the same period last year. For the first six months of the current year the insurers earned 1.19 billion leks in gross income from mandatory insurance policies, mostly covering third-party liability. 
This was 3.25% lower than in the year-ago period due to a cut in fees on third-party liability insurance policies introduced in April last year, Albania's Insurance Supervision Authority said in its six-month report posted on the regulator's website.  Mandatory insurance policies accounted for 62.67% of all insurance policies sold in Albania through June, down from 63.68% a year earlier. 
Income from voluntary insurance premiums for the first half of 2006 totaled 711.2 million leks, up 1.12% on the year, the insurance regulator said. Albanian insurers paid out 667.2 million leks on claims through June, up 12.21% from the same period last year. The indemnity/premium income ratio in the non-life insurance segment on the first six months was 37.54%, up from 32.16% a year earlier. Just three of Albania's 10 insurers offer life insurance. 
The life insurers reported a combined gross premium income of 148.3 million leks for the first six months of 2006, a jump of 32.4% from the year-ago period. Insurance company INSIG, which is slated for privatization, was leader in the life insurance segment with a 49.93% market share. Privately-owned Sigal kept its leading position in the non-life insurance segment with a market share of 28.50% at the end of June, rising from 27.87% at the end of the previous month.
                    [post_title] =>  Albanian Insurers' H1 Premium Income Down 1.62% Y/Y to 15.6 Mln Euro 
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                    [post_content] => TIRANA, Aug. 7 - Though Albania is surrounded by two seas it still brings fish from imports which reached 1.21 billion leks during the first half this year, according to sources from the Ministry of Fishing. Exports were only 104 million leks, which a slight decrease from last year. Main import came from Italy, Greece and Croatia, out of 11 countries.
                    [post_title] =>  Fish import reaches 1.21 billion leks 
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                    [post_content] => TIRANA, Aug. 5 - The Albanian government passed a master plan for the Dajti commune to try to create a better environment in the mountain resort. Prime Minister Sali Berisha said that such a decision would oblige all the communes in the area to follow and respect laws and to not spoil the beautiful nature there. In addition, a green area "crown" will be created around Tirana.
The government also approved a regulatory plan for Tirana to turn an old airport area into a green area, aiming at bringing more green areas to the capital.
It also dealt with a new complex for the Albanian parliament, which the central government said was being blocked by Tirana Mayor Edi Rama, also leader of the opposition Socialists. The new parliament complex is supposed to be offered under  international tender.
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                    [post_content] => TIRANA, Aug. 9 - Albania's state-run power utility KESH said on Wednesday it would end by March a 17.94 million euro repair and upgrade project at one of the country's largest power facilities that would improve power supply in the country. The work at the Fierze hydroelectric station is part of a larger project worth $50 million for the complete upgrade of the generating units over the Drini river in northern Albania. "The overhaul of this hydroelectric unit [Fierze] will be completed at the end of March 2007 and this will make possible a rise in energy production of Fierze's two turbines, will raise the safety of the unit and lower possible damages," KESH said in a statement.  Fierze's revamping comprises three smaller projects. The first two involve hydro mechanical and electrical work at the unit and cost 11.8 million Swiss francs (7.5 million euro) and 7.44 million euro respectively. The Swiss government financed the first while the second is funded by the Japan Bank for International Cooperation (JBIC). The third project is for the installation of a new monitoring system at the unit. It costs 3 million euro and is financed by the European Bank for Reconstruction and Development (EBRD). KESH covers the local costs of the three projects. 
Albania needs urgently to upgrade its ailing generating system and raise capacities to avoid power cuts. Last winter, the country suffered one of its worst electricity crises ever which forced KESH to introduce power rationing and urgently import electricity to cover daily domestic consumption. 
The power blackouts reached up to 18 hours a day in cities and even more in remote areas. Albania, one of Europe's poorest economies, is currently implementing an energy sector recovery master plan with an estimated total value of $1.3 billion.
                    [post_title] =>  Albania To Wrap Up 17.94 Mln Euro Key Hydroelectric Plant Revamp by March 2007 
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                    [post_content] => TIRANA, Aug. 8 - Vice Minister of trade, Economy and Industry Gjergj Bojaxhi said that Albania may be in the prospects of turning into a transit point for many gas projects to take it toward western Europe due to is short route and low cost. Nevertheless the vice minister said that all projects are still at the ideas and there has started no real one. There is a group of gas projects that may bring it from Greece, always Albania profiting and not only serving as a transit country. The pipeline may be built along the shore and be used for the country and also to transport it to Italy. Another project idea is from Turkey, the so-called Trans Adriatic Pipeline promoted from EGL company. That would pass through the land. That is the shortest route from Salonika to Italy through Albania. That would have a low cost in building. The other project idea is that of the Greek company Prometeus, a merger of Gazprom and Kopeluzos to build a pipeline and thermocentrals in Albania. The Albanian government would support any company that would bring gas to use and transit through Albania, said Bojaxhi. The Prometeus project was more advanced than the EGL one. Prometeus was interested in that since 1994 and it aims to bring gas for Albania through Salonika, according to him. Albania may use the gas not only for heating from individual consumers, but also for its plants and factories and energy producing stations.
                    [post_title] =>  Albania toward a new gas project 
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            [post_content] => TIRANA, Aug. 8 - Vice Minister of Environment Aleksander Garuli said that a new implant to process the capital's rubbish in the suburbs in Sharra will start to be built by the end of the year following the ratification of an agreement with Italy. The new plant will cost 60,4 million euro and that would eliminate, process through burning and bury the rubbish, consequently significantly reducing the air pollution in the capital in the next 10 years. There will be allowed no houses to be built near the implant. The tender will be held from the Italian government as the main investor. Tirana is very much polluted with a 400 microgram/cubic from the allowed level of 70 microgram./cubic in the European Union standards.
            [post_title] =>  New rubbish processing plant to be installed in Tirana 
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