WWI Austro-Hungarian submarine discovered in southern Albania waters

WWI Austro-Hungarian submarine discovered in southern Albania waters

TIRANA, Oct. 19 – Czech divers have discovered the wreck of an Austro-Hungarian submarine destroyed in southern Albania during World War I. “Austro-Hungarian submarine U16 was destroyed on October 16, 1916, most probably after the collision with the Italian torpedo

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Exchange rate effect, NPL write-off keep lending at negative growth rate

Exchange rate effect, NPL write-off keep lending at negative growth rate

TIRANA, Oct. 18 – The exchange rate effect and the mandatory write-off of non-performing loans have been keeping Albania’s credit at slightly below zero since last April, but real credit growth when adjusted for those effects is at modest positive

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One out of five businesses involved in tax evasion, inspectors say

One out of five businesses involved in tax evasion, inspectors say

TIRANA, Oct. 19 – One out of five businesses inspected in the first 16 days of October was engaged in tax evasion, the tax administration has unveiled following the launch of a new nationwide campaign against informality. Tax authorities say

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Robert Elsie’s last wish comes true as Albanologist laid to rest in Albanian Alps

Robert Elsie’s last wish comes true as Albanologist laid to rest in Albanian Alps

TIRANA, Oct. 18 – Robert Elsie’s last wish has finally been fulfilled. The famous Canadian-German who dedicated his life to Albanian studies will rest in Theth amid the Albanian Alps, a place which he loved so much and also dedicated

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BoA: TAP, Devoll HPP projects boost Swiss, Dutch FDI to Albania

BoA: TAP, Devoll HPP projects boost Swiss, Dutch FDI to Albania

TIRANA, Oct. 18 – Swiss and Dutch foreign direct investment in Albania have registered a sharp increase in the past couple of years thanks to two major energy-related foreign direct investment which are being channeled through these countries. Data published

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Tahiri under fire over wiretaps of arrested trafficking suspects

Tahiri under fire over wiretaps of arrested trafficking suspects

TIRANA, Oct. 16 – Two days after the arrest of Moisi Habilaj among several other suspects by Italian authorities, former Minister of Interior Saimir Tahiri is facing calls for his arrest after his name came up in wiretaps published by

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State-run electricity companies face dire financial straits as costly imports continue

State-run electricity companies face dire financial straits as costly imports continue

TIRANA, Oct. 17 – Sporadic rainfall following one of the driest summers on record continues to negatively affect Albania’s wholly hydro-dependent domestic electricity generation, putting state-run electricity generation and distribution companies in dire financial straits and almost paralyzing much-needed investment

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Serbian feminist activist: ‘Albanians and Serbs are so similar in their differences’

Serbian feminist activist: ‘Albanians and Serbs are so similar in their differences’

Albania-Serbia joint projects are rare, especially in arts and culture. Historical stereotypes, lack of sufficient exchanges and funding remain a barrier for the two EU aspirant Western Balkan countries. However, civil society activists have increased efforts to boost mutual understanding

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New value-based property tax set to sharply increase bills for home owners

New value-based property tax set to sharply increase bills for home owners

TIRANA, Oct. 16 – The new property tax the Albanian government intends to apply next January on a value-based formula initially in Tirana and other main cities is set to sharply increase fees households currently pay to local government units,

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Juventus star handed ‘ban’ to take penalty kicks against Albanian keepers after missing twice

Juventus star handed ‘ban’ to take penalty kicks against Albanian keepers after missing twice

TIRANA, Oct. 16 – Juventus’s Argentinian forward Paulo Dybala, regarded as the most decent Lionel Messi successor, has missed two penalty kicks in the past two weeks in Italy’s Serie A and it was Albanian goalkeepers in both cases who

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