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World Bank Acknowledges Mistake In Jale Project
TIRANA, Feb 18 – World Bank President Robert Zoellick acknowledged that "Bank's record with this project is appalling."

He was referring to the Jale home demolitions that have recently turned into a scandal in Albania.

In June 2005, the World Bank officially approved a $17.5 million loan to be disbursed by the International Development Association (IDA), an arm of the World Bank Group, for the Coastal Zones Integrated Management and Clean-Up Project in Albania. The project, which totaled $38.56 million, was also directly financed by donors such as the Global Environmental Facility (GEF) and the governments of Albania, the Netherlands, Austria and Japan. The project, meant to last through March of 2010, sought to address a number of social, environmental and economic issues of the southern and central coast of Albania.

Article Category: Business and Economy
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Kosova, one year after independence
On February 17, Kosova celebrated the first anniversary of its independence. It has undoubtedly been an important year. Above all, this year proved, against the expectations and warnings of domino theory partisans, that the change in the political map of the Balkans due to the creation of a new state was not accompanied by violence or eruptions of further conflicts.
United States-Albanian Relations in Transition
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We Have A Project... To Make A Dream Come True
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Business and Economy
Albania's airport sees record traffic in 2008
TIRANA, Feb 16 - Albania's Mother Teresa Tirana International Airport, or TIA, said last week it had a 14.6 percent passenger growth in 2008. TIA handled 1.267 million passengers, or 14.6 percent more than a year ago, and 1,987 tons of cargo in 19,194 flights, according to a statement received Monday. “Tirana International Airport has witnessed further sustainable growth, reflected in the figures for last year, and we are very pleased to have ended 2008 with such success.
News
British ambassador shows how Albania should ‘reach’ Europe
SHKODRA, Feb 15 – British Ambassador in Albania Fraser Wilson spoke last week to a gathering of students, staff and other citizens at Shkodra University on "The Rule of Law and Albania's European Integration". Thomas Von Handel of the European Commission Delegation in Tirana, which is funding the project under which today's event took place, and Ditmir Bushati of the European Movement, which is implementing the project
News
Albania to sign the NATO membership protocol
TIRANA, Feb 15 – Parliament Speaker Jozefina Topalli said that Albania expects to sign the NATO membership agreement in the weeks to come which is the last step before the country likely becomes a full NATO member. Topalli said that 23 countries had already ratified the protocol Albania and Croatia signed with the alliance last July, after they had first received the invitation in Bucharest in April. “I believe next week
Business and Economy
BoA: Business and consumers are lacking confidence
Tirana, 17 Tue 2009 – WC has started to show its effects in Albania and is reflecting itself in businesses and consumer confidence throughout the country. For the first time, the Bank of Albania has published a report monitoring business and consumers alike. The report shows that general confidence in the last quarter of 2008 has suffered a significant drop in the service sector, industry, and in
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Number 117
15/06/2007
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