Gov't fails to sells 15 million Euro-denominated bonds

TIRANA, Dec. 24 – The Albanian government failed to sell around 15 million euros this week in a debut auction of two-year Euro-denominated bonds. The Finance Ministry had announced it intended to sell 40 million euros in two-year Euro-denominated bonds

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Gov't okays 2014 budget, shift to progressive taxation

Prime Minister Edi Rama described the 2014 budget and fiscal package as "a big turning point to a new beginning and course." TIRANA, Dec. 24 – After a marathon debate this week, the new Socialist Party-led government has approved in

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New charges filed on VAT fraud schemes

TIRANA, Dec. 24 – Twenty-five company administrators will be tried on charges of a VAT fraud scheme estimated to have caused the state budget a damage of 2.5 million euros, according to a decision taken by the prosecutor's office in

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Insurance market decline narrows

Paid claims during the first eleven months of 2013 dropped by 2.5 percent to 2.4 billion lek (Euro 16.8 million). TIRANA, Dec. 24 – Albania's insurance market slightly recovered in November 2013 when the shrink for the first eleven months

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Exports growth drops to 15%, imports down by 5%

Imports of machinery, equipment and spare parts, an indicator also measuring business investments dropped by 9 percent to 81 billion lek (Euro 567 million), unveiling the poor confidence of the business community for new investments as the economy struggles with

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Energy regulator leaves power prices unchanged

Power prices during the past six years have increased by 63 percent climbing from an average of 5.71 kWh in 2005 to 9.53 lek kWh currently TIRANA, Dec. 24 – Albania's energy regulator, ERE, has ruled power prices will remain

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Lek gains ground against Euro, US dollar

TIRANA, Dec. 26 – The Albanian national currency, lek, has gained a slight advantage against both the Euro and the US dollar in the past few days, which experts say is a result of inflows of remittances during the year-end

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2013 Economy Review

Tirana Times takes a look at the main events that shaped Albanian economy in 2013, from the revocation of CEZ's license in early January and to the most recent debate and the expected shift toward progressive taxation. January CEZ's licence

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Ledia Kostandini in "Aesthetic Doily"

TIRANA, Dec. 25 – "Aesthetic doily." This is how Tirana-based artist Ledia Kostandini has named her solo exhibition treating aesthetic centres which are turning into an obsession for women. "Ledia treats things full of energy and intensity, sometimes with sincere

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2013 Culture Review

Tirana Times has the pleasure to offer an artistic review of the main events that graced the Albanian world in 2013 January Record 1.7 million people visit Skanderbeg's arms After a special display of 45 days and drawing a record

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