WB Group launches first operations for COVID-19 in aid of developing countries

WB Group launches first operations for COVID-19 in aid of developing countries

April 3 – The World Bank’s Board of Executive Directors have approved a first set of emergency support operations for developing countries around the world, using a dedicated, fast-track facility for COVID-19 (coronavirus) response. The first group of projects, amounting

Read Full Article
Gov’t imposes rent freeze for small businesses and families affected by COVID-19

Gov’t imposes rent freeze for small businesses and families affected by COVID-19

TIRANA, April 2 – The Albanian government announced a rent payment freeze for families and small businesses which have stopped working due to the coronavirus measures, based on the order of the Ministry of Health. The announcement was made by

Read Full Article
COVID-19, gov’t suspends procurement procedures

COVID-19, gov’t suspends procurement procedures

TIRANA, April 1 – The Albanian government has suspended all procurement procedures due to the COVID-19 pandemic until further notice, excluding those directly related to the crisis. The decision was announced by the Public Procurement Agency on Wednesday in a

Read Full Article
Euro drops after three-week rally

Euro drops after three-week rally

TIRANA, March 31 – The euro dropped 1.6 percent against the lek on Tuesday, after rallying for almost three consecutive weeks. According to the Bank of Albania’s official exchange rate on Tuesday, one euro was exchanged for 130.66 lek, 0.4

Read Full Article
Four banks to lead Albania’s Eurobond transaction

Four banks to lead Albania’s Eurobond transaction

TIRANA, March 30 – On Monday, the Ministry of Finance and Economy announced the four banks which will manage Albania’s transaction in the capital market, in efforts to secure 600 million euro in the upcoming Eurobond.  “According to this institution,

Read Full Article
COVID-19, euro jumps 2.13 percent against the lek

COVID-19, euro jumps 2.13 percent against the lek

TIRANA, March 30 – The depreciation of the lek against the euro continues as the latter jumped by 2.13 percent on Monday. According to the official exchange rate of the Bank of Albania, 1 euro was exchanged with 131.06 lek

Read Full Article
Economic growth declined to 2.2% in 2019, INSTAT reports

Economic growth declined to 2.2% in 2019, INSTAT reports

TIRANA, March 27 – According to recent data published by INSTAT, the last quarter of 2019 witnessed an economic slowdown mainly linked to the earthquake that struck Albania on November 26. Annual growth is estimated to have declined to to

Read Full Article
Deadline for Vlora Airport concession postponed for the second time amid COVID-19

Deadline for Vlora Airport concession postponed for the second time amid COVID-19

TIRANA, March 27 – The Ministry of Infrastructure and Energy has once again postponed the deadline to submit offer for potential investors regarding the Vlora Airport concession, amid the COVID-19 crisis. The deadlin 21 April 2020 at 1:00 pm as

Read Full Article
International Red Cross and Red Crescent Movement appeals for 800 million Swiss francs to assist most vulnerable people in fight against COVID-19

International Red Cross and Red Crescent Movement appeals for 800 million Swiss francs to assist most vulnerable people in fight against COVID-19

Geneva, March 26 –- The International Red Cross and Red Crescent Movement on Thursday launched a revised emergency appeal for 800 million Swiss francs (823 million US dollars) to help the world’s most vulnerable communities halt the spread of COVID-19

Read Full Article
Bank of Albania lowers interest rates due to COVID-19 impact

Bank of Albania lowers interest rates due to COVID-19 impact

The Bank of Albania has decided to lower interest rates by 0.5 percentage points to 0.5 percent, in efforts to recover the economy amid a troublesome situation caused by the coronavirus pandemic. The decision was announced on Wednesday by the

Read Full Article

Latest News

Read More