Balkan trade war

Balkan trade war

TIRANA, July 10- The four states that lie in the Western Balkans are on the verge of a trade war. Kosovo, Albania, North Macedonia and Serbia, have set barriers to each other for business and goods. The most recent case

Read Full Article
Bank of Albania to monitor money laundering

Bank of Albania to monitor money laundering

TIRANA, July 8- The Bank of Albania is expected to strengthen the supervisory rules for banks and non-bank financial institutions to monitor shareholders and partners of banks and other financial institutions, while new control measures will be enforced for shareholders

Read Full Article
Political crisis affects business and consumer trust

Political crisis affects business and consumer trust

TIRANA, July 9- The ongoing political crisis which started beginning February has had a negative impact on the expectations of businesses and consumers. The Bank of Albania reported that the economic sentiment indicator (ESI) fell by 0.7 percentage points in

Read Full Article
EU programme to grant Albanian SMEs 25 million euros

EU programme to grant Albanian SMEs 25 million euros

TIRANA, July 9- Starting October 1 this year, Alpha Bank Albania will grant loans to Albanian   small and medium enterprises (SMEs) with limited available collateral This comes under a 25 million euros agreement signed between the European Investment Fund

Read Full Article
President speaks against Kosovo absence at Sarajevo's SEECP

President speaks against Kosovo absence at Sarajevo's SEECP

TIRANA, July 9 – During the second day of the South-East European Cooperation Project, local and regional media reported Albanian President Ilir Meta publicly reacted to Kosovo's "forced" absence in the summit.     Meta, who spoke after Turkish President

Read Full Article
Opposition holds another anti-govt protest after local elections

Opposition holds another anti-govt protest after local elections

TIRANA, July 9 – Albania's opposition held   another peaceful protest on Monday evening, the first after the June 30 local elections, which for Democratic leader Lulzim Basha were "a referendum against evil."   According to the opposition, low voter

Read Full Article
Albanian parliament takes first steps to dismiss President

Albanian parliament takes first steps to dismiss President

TIRANA, July 9 – The Albanian parliament approved on Monday evening the establishment of a special investigative commission for the dismissal of President Ilir Meta.   The left majority launched proceedings against Meta after he signed the decree that cancelled

Read Full Article
Lezha prison workers catch drug-carrying drone inside prohibited area

Lezha prison workers catch drug-carrying drone inside prohibited area

TIRANA, July 7 – Albanian police announced on Sunday the first case of an attempt to deliver, with the help of drones, narcotic substances and cell phones inside prison premises. In its announcement, the police said prison workers had spotted

Read Full Article
Police arrest state officers tied to marijuana cultivation in Fier

Police arrest state officers tied to marijuana cultivation in Fier

TIRANA, July 5 – Police said on Friday they arrested two police officers in the city of Fier accused of allowing marijuana cultivation in some of the city's rural areas.   According to police, "the arrest of two police officers

Read Full Article
Dh240m infrastructure projects in Albania launched: ADFD

Dh240m infrastructure projects in Albania launched: ADFD

Abu Dhabi Fund for Development, ADFD, has launched infrastructure projects in Albania valued at AED240 million (US$65 million). A delegation of the fund led by Adel Al Hosani, Director of Operations Department at ADFD, participated in the official inauguration of

Read Full Article