Bankers Petroleum Considers Further Opportunities in Albania

CALGARY, Jan. 15 – Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) said that its Albanian operations had a 2006 exit production of 4,406 bopd, which was in line with the Company’s revised target for the year, according to a news

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Albania gets World Bank support for land management project

TIRANA, January 12 – The Albanian government reported in its website that it has approved two World Bank loans worth a total of 26.7 million euro ($34.7 million) for a land management project. The project aims to support sustainable economic

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Ruli signs deal with Austrian governor

TIRANA, Jan. 15 – Minister of Economy, Trade and Energy Genc Ruli signed Monday a memorandum of understanding with Governor of the Low Austria province Erwin Pr

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BA voted best airline in the world

LONDON, Jan. 12 – A US travel magazine voted British Airways the best airline in the world. The magazine made a questionnaire with more than 13,000 readers. BA emerged as the top choice in a survey of 13,653 travelers, as

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Tirana Chamber of Commerce to elect its new leaders

TIRANA, Jan. 16 – Tirana Chamber of Commerce is organizing the electoral process for its top managers this month. The Chamber will hold its assembly to elect the new heads of the office. Hundreds of businessmen are register dint he

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Albanian Insurers get higher Income

TIRANA, Jan.16- Official statistics released on Friday by Insurance authorities showed that for 2006 Albanian insurers’ gross premium income rose by 5.4percent. The figure is calculated up until last October to be around 3.6 billion leks ($37.2 million/28.8 million euro).

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Economic Freedom – Heritage lists Albania at the 66th place

Washington D.C., Jan. 17 – The Heritage Foundation, one of the most respected conservative think tanks in the United States published its report on economic freedom where Albania getting 64.1 points listed as the 66th country on a performance list.

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IMF expects economic growth unaffected from energy crisis

TIRANA, January 12 – Last week the International Monetary Fund (IMF) said that Albania’s on-going power crisis is not expected to affect severely the country’s projected six percent economic growth for this year. The controversial statement come sin a time

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Durres starts work for rehabilitated entrance

DURRES, Jan. 16 A new entrance will link Durres with the highway and it is to be finished in 18 months. The Transport Ministry gave a funding of 466 million leks for that. Work has already started in the area

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Macedonia to help with energy crisis

TIRANA, Jan.13 – In a meeting with his colleague form Macedonia, the Albanian Foreign Minister, Besnik Mustafaj, said that Macedonia could help with Albania’s ongoing power crisis. “Macedonia vowed to build a 400kW power line that will be of great

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