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Albania signs 106 million euros in loan agreements with Germany

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11 years ago
The agreements where signed by Finance Minister Shkelqim Caniand German Ambassador to Tirana Hellmut Hoffmann
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The agreements where signed by Finance Minister Shkelqim Caniand German Ambassador to Tirana Hellmut Hoffmann
The agreements where signed by Finance Minister Shkelqim Cani and German Ambassador to Tirana Hellmut Hoffmann

TIRANA, July 6 – Ahead of a visit by German Chancellor Angela Merkel to Tirana, the Albanian and German governments have signed agreements worth a total of 107.5 million euros to promote Albania’s energy and water supply sectors.

The support announced Monday, includes government loans worth 106 million euros and a grant of 1.5 million euros.

Germany has been one of Albania’s main EU donors since the countries re-established diplomatic ties in 1988, offering 1 billion euros in mostly soft development loans to sectors such as energy, water and education, as well as rural and urban development, said Finance Minister Shkelqim Cani on Monday.

The agreements where signed by Cani and German Ambassador to Tirana Hellmut Hoffmann.

 

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