BoA: Albania banks at medium to high risk over money laundering, terrorism financing

BoA: Albania banks at medium to high risk over money laundering, terrorism financing

TIRANA, June 28 – Financial institutions supervised by Albania’s central bank display medium to high risk on money laundering and terrorism financing, a report assessing the exposure of commercial banks and non-bank financial institutions has shown. Half of the 60

Read Full Article
Tirana-Durres highway ‘nightmare’ finally coming to an end

Tirana-Durres highway ‘nightmare’ finally coming to an end

TIRANA, June 28 – Albania’s main Tirana-Durres highway is in its final stage of an emergency intervention after having degraded and turned into a nightmare for drivers over the past year. The highway’s Tirana-Durres carriageway has already been reconstructed by

Read Full Article
Albania neither confirms nor denies oil concessionaire’s alleged links to Russia’s Gazprom

Albania neither confirms nor denies oil concessionaire’s alleged links to Russia’s Gazprom

TIRANA, June 28 – The Albanian government has neither confirmed nor denied that a Switzerland-based company with alleged ties to Russian giant Gazprom is conducting contract negotiations to acquire three oilfields in southern Albania. Albania’s Energy Minister Damian Gjiknuri says

Read Full Article
3D ties, the newest ‘Made in Albania’ brand

3D ties, the newest ‘Made in Albania’ brand

When talking about fashion, one think of Paris or Milan. However, it has been almost a year now since Albanian fashion has reached a milestone with 3D ties designed and produced in Tirana. Fiordi Pernaska, the executive director of Tirana-based

Read Full Article
Albania FDI uncertainties mount as few alternatives remain for major concluding projects

Albania FDI uncertainties mount as few alternatives remain for major concluding projects

TIRANA, June 27 – Two-thirds of foreign direct investment that flowed into Albania in the first quarter of this year came from two major energy-related projects, already in their final stage of investment, signaling of tough times ahead starting next

Read Full Article
EU pushes decision on Albania membership talks for 2019

EU pushes decision on Albania membership talks for 2019

TIRANA, June 27 – The foreign ministers of European Union member states spoke in favor of opening accession negotiations with Albania, but postponed the necessary unanimous decision to start them until June 2019, expecting further progress from the country in

Read Full Article
Durres Port cash stash linked to euro’s free fall in Albania

Durres Port cash stash linked to euro’s free fall in Albania

TIRANA, June 26 – The seizure of €3.5 million in cash at Albania’s main port of Durres this week in alleged drug profits has apparently confirmed speculations that money illegally entering the country is one of the main reasons behind

Read Full Article
Gov’t – opposition clash over incoming illegal cash tied to money laundering in Albania

Gov’t – opposition clash over incoming illegal cash tied to money laundering in Albania

TIRANA, June 26 – Polemics persisted between the government and the opposition’s Democratic Party this week concerning the big amount of cash that was found inside  two cars  in the Durres port. The head of the opposition’s DP Lulzim Basha

Read Full Article
Ex PM Berisha says new maritime border agreement has potential to ignite old Balkan conflict between Albania and Greece

Ex PM Berisha says new maritime border agreement has potential to ignite old Balkan conflict between Albania and Greece

TIRANA, June 26  – According to Albania’s former Prime Minister Sali Berisha, the new maritime border agreement between Albania and Greece – the third round negotiations of which concluded on Saturday – is an attempt by current PM Edi Rama

Read Full Article
EU-Albania:  the winners and losers of June 28!

EU-Albania: the winners and losers of June 28!

By Lufti Dervishi   48 hours prior, and yet no one can say for sure what the decision of the European Council regarding the possibility of opening the negotiations for Albania and Macedonia will be. To date, at least 3

Read Full Article