Calik Enerji remains prime candidate for Albtelecom

TIRANE, Oct. 25 – Vice minister of Economy declared that by the end of this month, a completed strategy for the negotiations of the Albtelecom privatization process will be given for consideration to the Economy Minister Genc Ruli. The negotiations

Read Full Article

Illegal activity cost government damage in revenues

TIRANA, Oct. 25 – The State Supreme Audit Control (KLSh), the most authoritative government auditing structure, reported financial losses after diagnosing economic abuses from tax collecting authorities and customs offices. The customs office of Kakavia cost the government 113 million

Read Full Article

Croatia ready to further liberalize trade with Albania

TIRANA, Oct. – Croatian Agriculture Minister Petar Cobankovic said Thursday in Tirana that Croatia was ready to further liberalize trade exchange with Albania. Cobankonvic also hailed his Albanian counterpart Jemin Gjana for the government’s initiative to cut taxes for the

Read Full Article

Capitalism with a human face: the new social initiatives of the budget

TIRANA, Oct.17 – Prime Minister Sali Berisha on Tuesday told a meeting of the parliamentary group of the governing Democratic Party that the 2007 budget would be one of the main topics to be debated in the parliament. The 2007

Read Full Article

Reaching Eastwards: a direct line to Moscow

TIRANA, Oct.14 – The Russian air company AEROFLOT will consider the possibility of providing a direct flight from Tirana to Moscow. The project is part of a bigger strategy of economic interaction with Russia. Albania has a strategic interest in

Read Full Article

A positive evaluation for the 1 Euro initiative

TIRANA, Oct.18 – The Union of Albanian Industrialists and Investors (BIISH) issued a statement on Wednesday to asses the government’s Albania 1 Euro initiative. It expressed its confidence that the initiative would improve business climate in Albania. As one of

Read Full Article

INSIG to be privatized next year

TIRANA, Oct. 19 – Deputy Finance Minister Shefredin Shehu said that privatization of INSIG, the state owned insurance company, would be completed next year. INSIG operates in Albania but also in Macedonia, Montenegro and Kosova. The news was given to

Read Full Article

Government focuses on economic issues

TIRANA, Oct. 18 – The last government meeting focused on economic issues. Prime Minister Berisha spoke at length on the recent issue of the public procurements and the necessary measures to effectively implement the new legislation. The treaty for the

Read Full Article

Parliament economy commission keeps local taxes unchanged

TIRANA, Oct 19 – The parliamentary economy commission examined a legal act that regulates the transfer to the local administrative offices of the tax collection for small businesses. One month ago this transfer was said it would be accompanied with

Read Full Article

Minister of the Economy predicts short term losses from SAA

TIRANA, Oct. 18 – Economy, Energy and Industry Minister Genc Ruli said that the lowering of the customs fees according to the Stabilization and Association Agreement (SAA) would cost the government 20-25 million Euro. Reporting to the parliament’s Integration Committee,

Read Full Article
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                    [post_content] => TIRANE, Oct. 25 - Vice minister of Economy declared that by the end of this month, a completed strategy for the negotiations of the Albtelecom privatization process will be given for consideration to the Economy Minister Genc Ruli. The negotiations will be conducted in the beginning of November with the Turkish "Calik Enerji".
The crucial point of these negotiations will be the request for the Albanian part for Calik Enerji to become a strategic partner through creating a consortium with another more experienced company in the field of telecommunication. These comment come after the report of the auditing company Deloitte was leaked to one of the most popular televisions in Albania. In this report the main objection of the international company towards "Calik Enerji" was that the latter did not fulfill any condition to be a strategic investor. Ruli has said that the company was presented to the first bid as a consortium with Turk Telecom which was later privatized.
Answering to "Deloitte Czech Republik" report Minister Genc Ruli has declared that the strategic investor condition is nonnegotiable and will be fulfilled. One of the negotiating points will also be roaming. The current government did not ratify the agreement reached by the former one to privatize Albtelecom to the same "Calik Enerji", upon grounds of non resolving problems related to a wider range of services to be offered. Ruli outlined that the company needs to invest intensively in the network in order to increase competitiveness and offer better prices to the Albanian consumer. 
"Calik Enerji" has been the knot of serious debate and political speculation in the last two year since the company first presented its bid of 120 million euro to acquire 76 percent of the state owned communication agency. The Socialist government approved the contract in June 2005 before the elections. The contract was annulled by the newly elected government in October. The issue was subject of the democrat's election platform which accused the Socialists of committing a serious blunder by choosing "Calik Enerji". After all the political debate though, the Turkish Company remains the prime candidate for the privatization of Albtelecom.
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                    [post_content] => TIRANA, Oct. 25 - The State Supreme Audit Control (KLSh), the most authoritative government auditing structure, reported financial losses after diagnosing economic abuses from tax collecting authorities and customs offices. The customs office of Kakavia cost the government 113 million leks for 2004-2005. Another problematic office was the Tax Collection authority in Fier, with an abuse of 1.6 billion leks. KLSh spokesman Edvin Morava said compensation would be requested form the governmental offices and that penal claims would be put forth for many of the officers who were believed to be responsible. (Tirana Times Staff)
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                    [post_content] => TIRANA, Oct. - Croatian Agriculture Minister Petar Cobankovic said Thursday in Tirana that Croatia was ready to further liberalize trade exchange with Albania. Cobankonvic also hailed his Albanian counterpart Jemin Gjana for the government's initiative to cut taxes for the local and foreign business. The two countries decided to start working for a memorandum of understanding on agriculture.
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                    [post_content] => TIRANA, Oct.17 - Prime Minister Sali Berisha on Tuesday told a meeting of the parliamentary group of the governing Democratic Party that the 2007 budget would be one of the main topics to be debated in the parliament. The 2007 budget covers some latest government initiatives to fight poverty. The premier considered as the most positive feature of the new budget "its social human face." The increase in the budgeted salaries will be 17 percent, a slight change from the previously declared 20 percent. A 2 percent of the GDP spending will be dedicated to national defense and military expenses. This decision is part of the larger NATO integration efforts.
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                    [post_content] => TIRANA, Oct.14 - The Russian air company AEROFLOT will consider the possibility of providing a direct flight from Tirana to Moscow. The project is part of a bigger strategy of economic interaction with Russia. Albania has a strategic interest in trying to become part of major energy networks like the natural gas pipe of GazProm. Albania would like to exploit its geographic position to become part of the East-West pipeline, a transition spot between Bulgaria/Greece to Italy. Other potential areas of collaboration include the privatization of the Albanian Electric Corporation, about which a Russian energy company has expressed particu
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                    [post_content] => TIRANA, Oct.18 - The Union of Albanian Industrialists and Investors (BIISH) issued a statement on Wednesday to asses the government's Albania 1 Euro initiative. It expressed its confidence that the initiative would improve business climate in Albania. As one of the voices of Albanian business, the Union has often requested concrete measures in improving the legal framework for a better economic environment that would help both domestic and international investments.
                    [post_title] =>  A positive evaluation for the 1 Euro initiative 
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                    [post_content] => TIRANA, Oct. 19 - Deputy Finance Minister Shefredin Shehu said that privatization of INSIG, the state owned insurance company, would be completed next year. INSIG operates in Albania but also in Macedonia, Montenegro and Kosova. The news was given to the Italian Sole 24 Ore newspaper by the Italian Embassy in Tirana. An ad-hoc committee is created in the Finance Ministry to make a feasibility study about the timing and the operations of the sale. INSIG is owned by the Albanian government with 61 percent and the remaining 39 eprcent equally split between the International Finance Corporation, a World Bank group, and the European Bank for Reconstruction and Development.
                    [post_title] =>  INSIG to be privatized next year 
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                    [post_content] => TIRANA, Oct. 18 - The last government meeting focused on economic issues. Prime Minister Berisha spoke at length on the recent issue of the public procurements and the necessary measures to effectively implement the new legislation. The treaty for the energy exchange projects with the government of Greece was another main topic. The decentralization of the aqueduct networks and the new laws about private concessions were the remaining items that were discussed.
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                    [post_content] => TIRANA, Oct 19 - The parliamentary economy commission examined a legal act that regulates the transfer to the local administrative offices of the tax collection for small businesses. One month ago this transfer was said it would be accompanied with lower tax levels and the elimination of simplified taxation on "poor" businesses. The last category would include businesses that reported net annual activity lower than 2 million leks. The commission did not approve these changes.
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                    [post_content] => TIRANA, Oct. 18 - Economy, Energy and Industry Minister Genc Ruli said that the lowering of the customs fees according to the Stabilization and Association Agreement (SAA) would cost the government 20-25 million Euro. Reporting to the parliament's Integration Committee, the minister emphasized the need for recurrent and accurate information about the possible effects of the SAA. He pointed out some difficulties in engaging all the relevant administrative structures to respect the SAA standards. Head of the parliamentary commission Ilir Meta said that all the actors of the Albanian society should be kept informed about the SAA impact.
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            [post_content] => TIRANE, Oct. 25 - Vice minister of Economy declared that by the end of this month, a completed strategy for the negotiations of the Albtelecom privatization process will be given for consideration to the Economy Minister Genc Ruli. The negotiations will be conducted in the beginning of November with the Turkish "Calik Enerji".
The crucial point of these negotiations will be the request for the Albanian part for Calik Enerji to become a strategic partner through creating a consortium with another more experienced company in the field of telecommunication. These comment come after the report of the auditing company Deloitte was leaked to one of the most popular televisions in Albania. In this report the main objection of the international company towards "Calik Enerji" was that the latter did not fulfill any condition to be a strategic investor. Ruli has said that the company was presented to the first bid as a consortium with Turk Telecom which was later privatized.
Answering to "Deloitte Czech Republik" report Minister Genc Ruli has declared that the strategic investor condition is nonnegotiable and will be fulfilled. One of the negotiating points will also be roaming. The current government did not ratify the agreement reached by the former one to privatize Albtelecom to the same "Calik Enerji", upon grounds of non resolving problems related to a wider range of services to be offered. Ruli outlined that the company needs to invest intensively in the network in order to increase competitiveness and offer better prices to the Albanian consumer. 
"Calik Enerji" has been the knot of serious debate and political speculation in the last two year since the company first presented its bid of 120 million euro to acquire 76 percent of the state owned communication agency. The Socialist government approved the contract in June 2005 before the elections. The contract was annulled by the newly elected government in October. The issue was subject of the democrat's election platform which accused the Socialists of committing a serious blunder by choosing "Calik Enerji". After all the political debate though, the Turkish Company remains the prime candidate for the privatization of Albtelecom.
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