Energy regulator to decide on price hike

TIRANA, Dec. 24 – The energy regulatory entity is expected to approve in the next few days a hike in electricity prices for 2015 after government has decided to lift the 300 kWh threshold charging lower prices. The hike which

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T-bill yields continue rising

TIRANA, Dec. 17 – Yields on 12-month T-bills registered a surprise increase in this week’s auction after the key interest rate was cut to a new historic low of 2.25 percent late last November. Yields on 12-month T-bills in the

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Public finances register significant recovery in 2014

TIRANA, Dec. 23 – Public finances registered a significant recovery in 2014 when they returned to double-digit growth rates overcoming the slight negative growth rates in 2012 and 2013. However, the tight fiscal policy government has been following this year

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ARMO refiner fined €35,000

TIRANA, Dec. 23 – The ARMO oil refiner in the southwestern district of Fier has been fined 5 million lek (Euro 35,000) on environmental grounds after inspectors identified the company had discharged waste oil in the local Gjanica river, the

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Retail sales performance hints recovery

TIRANA, Dec. 23 – Retail sales registered a moderate increase of 6.4 percent in the third quarter of this year, hinting the Albanian economy has progressed after the slight GDP decline in the second quarter of the year. Data published

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President’s nominee heading for consensual approval as new governor

TIRANA, Dec. 24 –  Gent Sejko, the President’s nominee for the central bank governor, has been unanimously approved as member of the bank’s supervisory council, paving the way to his voting by Parliament as the new governor. Sejko received 111

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Italian daily praises Albania’s low fiscal burden

TIRANA, Dec. 23 – Living with a fiscal burden of 15 percent is just a one-hour flight from Italy. That’s how a headline published in Italy’s daily Il Giornale described Albania this week comparing it to Italy which applies a

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Albania, Turkey to extend free trade agreement

TIRANA, Dec. 22 – Albania and Turkey will boost their economic cooperation by extending their free trade agreement even for services and investments, Turkey’s Economy Minister Nihat Zeybekci said in a recent visit to Albania. “We consider Albania as a

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Eurozone recovery, TAP to accelerate sluggish growth

By Ervin Lisaku TIRANA, Dec. 22 – Top trade partners Italy and Greece escaping recession and the start of the Trans Adriatic Pipeline construction are expected to have a major impact on the Albanian economy in 2015 when government and

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EU offers €40 million in budget assistance

Albania has met the conditions and will receive the funds over the next six years, officials said. TIRANA, Dec. 19 – Albania’s government has complied with requirements set by the European Union to gain 40 million euro assistance for the

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