Shullazi case stirs Serious Crimes Prosecution, while hearing is postponed

Shullazi case stirs Serious Crimes Prosecution, while hearing is postponed

TIRANA, Sept. 26 – The hearing scheduled to seek the imprisonment for Emiljano Shullazi and his cooperators was postponed on Wednesday after one of the defendants and his lawyer did not appear due to health issues, as stated during the

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VAT reform took 13,000 businesses to bankruptcy, association says

VAT reform took 13,000 businesses to bankruptcy, association says

TIRANA, Sept. 26 – Albania business representatives say more than a dozen thousand businesses have gone bankrupt this year following legal changes increasing the tax burden and more are about to close down amid an unaffordable increase in costs, bureaucracy

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Rainfall saves Albania’s GDP growth in year’s first half

Rainfall saves Albania’s GDP growth in year’s first half

TIRANA, Sept. 26 – Hydropower was the key driver of Albania’s economic growth for the second quarter in a row fuelled by heavy rainfall doubling domestic electricity generation at a time when the contribution by main traditional sectors was quite

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Reforms more productive than free trade agreements for Albania, AIIS study finds

Reforms more productive than free trade agreements for Albania, AIIS study finds

TIRANA, Sept. 26 – Albania needs to conduct economic reforms and diversify the products it produces and exports in order to become more competitive in the Western Balkans where a Central European Free Trade Agreement has been in force for

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Poorly diversified energy investment dominates Albania’s FDI in year’s first half

Poorly diversified energy investment dominates Albania’s FDI in year’s first half

TIRANA, Sept. 25 – More than two-thirds of foreign direct investment that flowed into Albania in the first half of this year went to the energy sector and was mainly attributed to two major energy-related projects already in their final

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Experts divided over Albania’s upcoming Eurobond

Experts divided over Albania’s upcoming Eurobond

TIRANA, Sept. 25 – As Albania is tapping capital markets for its third Eurobond, local experts are divided in their opinions over the country’s expected performance in borrowing another €500 million at favorable rates. “I don’t think this Eurobond is

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Albania tops Europe’s list of first-time asylum seekers

Albania tops Europe’s list of first-time asylum seekers

TIRANA, Sept. 25 – Over the last twelve months, Albanians have, for the first time, marked the highest number of asylum seekers in report with the population, leaving behind even those who are fleeing from war in their home countries.

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Albania seeks a place at the UN Security Council

Albania seeks a place at the UN Security Council

TIRANA, Sept. 25 – Albania’s Foreign Minister Ditmir Bushati announced on Tuesday the country aims for a non-permanent position at the United Nations’ Security Council. Bushati said this in the context of his New York visit that opened the UN’s

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Albania to ban import of vehicles older than 10 years

Albania to ban import of vehicles older than 10 years

TIRANA, Sept. 24 – Albania is planning a ban on imports of all vehicles older than 10 years and not meeting the Euro 5 emission standards that have been implemented in the EU since late 2009. The draft decision scheduled

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Police detain 50 refugees in Korca, women and children reported among them

Police detain 50 refugees in Korca, women and children reported among them

TIRANA, Sept. 24 – Albanian police detained 50 illegal refugees at the Kapshtica border point, connecting the country with neighboring Greece. According to police sources, the refugees, who were Syrians, Palestinians and Iranians were found in the city of Bilisht

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