Business & Economy - Page 3

Arrests at Bankers Petroleum Spark Questions Over Albania’s Oil Industry and Accountability

By Tirana Times Staff FIER/TIRANA, July 2, 2025 — In a stunning development that has shaken Albania’s oil sector, police arrested the current CEO of Bankers Petroleum, Chinese national Hongping Xiao, and

1 week ago

4 mins read

Business & Economy

What’s driving Chinese FDI in the Western Balkans – and what should be done about it?

12 June 2025 Chinese FDI in the Western Balkans has increased substantially, but won’t catch up with EU FDI any time soon. Governments must ensure that China’s investments comply with environmental and

4 weeks ago

10 mins read

Business & Economy

Trump’s Tariffs Hit Albanian Exports Hard, Exposing Weakness in U.S.-Albania Economic Ties

Albanian exports to the United States have plummeted following the imposition of a 10% tariff on goods by President Donald Trump’s administration — part of a broader protectionist trade policy that has

1 month ago

3 mins read

Reflecting renewed emigration wave, remittances to Albania reached record high in 2023

Business & Economy·News

TIRANA, March 28, 2024 – Money sent home by Albanians working abroad saw a significant increase in 2023, reaching the highest historical level since 2008, according to the latest data reported by

1 year ago

1 min read

Trump’s son-in-law plans major investment in Sazan, Albanian gov’t confirms

Business & Economy·Main·News

TIRANA, March 16, 2024 – U.S.-based company Affinity Partners, led by Jared Kushner, the influential son-in-law of former President Donald Trump, aims to undertake two major tourism projects in Albania, along with

1 year ago

6 mins read

Albania signs long-awaited social insurance deal with Italy

Business & Economy·News

By JERINA ZALOSHNJA-RAKIPI ROME, Feb. 7, 2024 – After years of negotiations, Albania and Italy have signed a long-awaited deal on recognizing each other’s social insurance contributions, which will benefit more than

1 year ago

5 mins read

From exile, Albania’s ex deputy PM alleges massive corruption at top of SP leadership

Business & Economy·Main·News

TIRANA, Feb. 6, 2024 – In an lengthy television interview from exile in Switzerland, Albania’s former deputy prime minister, Arben Ahmetaj, has made startling accusations of massive corruption at the top of

1 year ago

11 mins read

Albanian saw quality of life stagnate as rest of region improved, according to EBRD report

Business & Economy

TIRANA, Jan. 31, 2024 – A recent report by the European Bank for Reconstruction and Development (EBRD) has highlighted a stark contrast in the perception of quality of life between Albania and

1 year ago

1 min read

Ryanair unveils expansion plans and new routes from Tirana International Airport

Business & Economy

TIRANA, Jan. 24, 2024 – Europe’s largest airline, low-cost Irish carrier Ryanair, is doubling down in Albania with six new direct destinations to complement its existing 16 and the announcing of plans

1 year ago

3 mins read

Francesco Becchetti owns several companies in Albania, including Agon Channel. (Photo: Archives)

Taxpayers bail out air traffic control company whose foreign accounts were seized by Belgian court to pay Becchetti

Business & Economy·News

TIRANA, Jan. 24, 2024 – The Albanian government has had to pump millions of euros to keep afloat Albcontrol, the state-owned company responsible for air navigation services in Albanian airspace, as its

1 year ago

3 mins read

Emigration is top economic risk to Albania, says EBRD head

Business & Economy·Main

TIRANA, Jan. 14, 2024 – A potential deepening demographic crisis due to the increased emigration of young people is one of the top economic risks Albania faces, according to the head of

1 year ago

2 mins read

Reflecting higher emigration, remittances to Albania hit decade high

Business & Economy·News

TIRANA, Dec. 14, 2023 – Reflecting renewed emigration, remittances to Albania during 2022 saw a significant increase, reaching the highest levels of the past decade, data released by Eurostat this week reveals.

2 years ago

2 mins read

EU and Germany invest €14.6 million on waste management project in Albania

Business & Economy

TIRANA, Nov. 15, 2023 – The European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ) are investing €14.6 million on a project aimed at improving waste management in

2 years ago

1 min read

Tirana International Airport Nene Tereza (Photo: TIA/Handout)

First in Europe, Albania ranks third globally in tourism growth – UNWTO report

Business & Economy

TIRANA, Nov. 6 – The United Nations World Tourism Organization (UNWTO) has revealed that Albania secured the third position globally in terms of tourism sector growth during the first seven months of

2 years ago

2 mins read

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Business & Economy - Page 3

Arrests at Bankers Petroleum Spark Questions Over Albania’s Oil Industry and Accountability

What’s driving Chinese FDI in the Western Balkans – and what should be done about it?

Trump’s Tariffs Hit Albanian Exports Hard, Exposing Weakness in U.S.-Albania Economic Ties

Reflecting renewed emigration wave, remittances to Albania reached record high in 2023

Trump’s son-in-law plans major investment in Sazan, Albanian gov’t confirms

Albania signs long-awaited social insurance deal with Italy

From exile, Albania’s ex deputy PM alleges massive corruption at top of SP leadership

Albanian saw quality of life stagnate as rest of region improved, according to EBRD report

Ryanair unveils expansion plans and new routes from Tirana International Airport

Taxpayers bail out air traffic control company whose foreign accounts were seized by Belgian court to pay Becchetti

Emigration is top economic risk to Albania, says EBRD head

Reflecting higher emigration, remittances to Albania hit decade high

EU and Germany invest €14.6 million on waste management project in Albania

First in Europe, Albania ranks third globally in tourism growth – UNWTO report

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Will any other Western Balkans country join the Single Euro Payments Area (SEPA) on the same day as Montenegro?

Kushner granted ‘strategic investor’ status for Sazan development ahead of Trump’s inauguration

EU agriculture funds for Albania suspended indefinitely following misuse investigation, ministry tells parliament

Albanian saw quality of life stagnate as rest of region improved, according to EBRD report

A Rising Tide Lifts Empty Boats

Bank of Albania moves to apply for SEPA membership

Credit collections scheme leads to arrests, license suspensions

Albania joins SEPA, marking tangible step in economic integration with the EU

Albania signs €1bn deal with Italy and UAE on renewable energy, new undersea connection

Taxpayers bail out air traffic control company whose foreign accounts were seized by Belgian court to pay Becchetti

Veliaj in Legal and Political Limbo: High Court Confirms Detention, Rule-of-Law in Question

Albania’s Youth Exodus: Emigration as a Security Threat

Toxic Smoke and Broken Promises: Albania’s Waste Crisis Exposes Deep Rot in Governance