Natural disaster compulsory insurance initiative raises concerns over new hidden tax

Natural disaster compulsory insurance initiative raises concerns over new hidden tax

TIRANA, Dec. 7 – A legal initiative to make insurance against floods and earthquakes compulsory and statements by Prime Minister Edi Rama that the government will no longer provide compensation against natural disasters following massive floods Albania experienced in the

Read Full Article
BoA: No indication of macroeconomic imbalances resulting from drug proceeds

BoA: No indication of macroeconomic imbalances resulting from drug proceeds

TIRANA, Dec. 6 – Albania’s central bank says it has no evidence over the alleged impact drug proceeds could have had on the country’s economy and the national currency strengthening against Europe’s single currency following a sharp increase in cannabis

Read Full Article
Public finances suffer blow as tourist season ends, new tax evasion campaign launched

Public finances suffer blow as tourist season ends, new tax evasion campaign launched

TIRANA, Dec. 6 – The end of the summer dominated tourist season and the launch of a renewed nationwide campaign against informality had a negative impact on government revenue last October. A monthly finance ministry report shows government revenue slightly

Read Full Article
Gov’t failed to collect staggering €820 mln, Supreme State Audit unveils

Gov’t failed to collect staggering €820 mln, Supreme State Audit unveils

TIRANA, Dec. 5 – Damage to the state budget in 2016 almost doubled to about 110 billion lek (€820), which is about a quarter of what the Albanian government collected in annual income, a Supreme State Audit report has shown.

Read Full Article
Bankwatch: Albanian farmers received peanuts in TAP compensation compared to Greek peers

Bankwatch: Albanian farmers received peanuts in TAP compensation compared to Greek peers

TIRANA, Dec. 5 – Albanian farmers received peanuts after losing land and livelihoods to the major Trans Adriatic Pipeline and sharply lower compensation than their peers in neighboring Greece, a report has shown unveiling the other side of the coin

Read Full Article
Romela Begaj claims gold at U.S. weightlifting tournament

Romela Begaj claims gold at U.S. weightlifting tournament

TIRANA, Dec. 5 – Romela Begaj has become Albania’s first ever world champion in women’s weightlifting and Albania’s second athlete to claim a world championships gold meal. The 31-year-old Albanian won gold in the snatch with 107 kg and silver

Read Full Article
Egypt’s strategy in combating terrorism

Egypt’s strategy in combating terrorism

 By Mohamed Khalil*      In a new world that is faced by various challenges and global issues like the Climate Change, poverty, food security, gender equality, health, education and more, arise the new phenomenon of terrorism that threatened the peace

Read Full Article
Open Society Foundation: Links among gangs, business, politics hamper freedom of expression

Open Society Foundation: Links among gangs, business, politics hamper freedom of expression

TIRANA, Dec. 4 – The link among criminal gangs, business and politics has sharply evolved and become sophisticated during the past quarter of a century of Albania’s transition to democracy and market economy reaching a degree that hampers freedom of

Read Full Article
Prosecutors launch investigations into man-made causes of flooding

Prosecutors launch investigations into man-made causes of flooding

TIRANA, Dec. 4 – With the waters retreating in much of the country, prosecutors have started investigations in several regions of Albania to see whether, beyond the natural calamity of torrential rains, man-made errors and inactions led to the the

Read Full Article
Longtime MP proposes electoral system change

Longtime MP proposes electoral system change

TIRANA, Dec. 4 – Dashamir Shehi, a longtime member of Albania’s parliament and a member of the ad hoc electoral reform committee, says all parties in Albania agree the current electoral system has done more harm than good and should

Read Full Article