Today: Aug 23, 2026

Dozens of mining companies have licences revoked

1 min read
15 years ago
Change font size:

TIRANA, Sept. 6 – The Economy and Energy Ministry says it has started procedures to revoke the licences of 55 mining companies which have not been operating. The decision by the Economy Minister came after controls carried out by the National Agency for Natural Resources which identified that these companies did not fulfill their legal obligations on the mining sector. Controls revealed the companies have not operating and have not submitted their annual programme for 2011 and previous years. The measures come at a time when the Bulqiza chromium mine has not been operating for more than one month due to a hunger strike and protests by miners demanding pay rises and better working conditions and more investments by Austrian company ACR. Last month, the Albanian Economy Ministry fined ACR Lek 56 million (Euro 400,000, USD 560,000) for failing to make compulsory investments under the concession contract it has with the Albanian government. The ministry had earlier partially suspended Albanian Chrome’s licence for Zone D after a working group identified problems on working conditions risking employees’ safety and health and damaging the environment.

Latest from Business & Economy

Prime Minister Rama, Former Deputy PM Ministedr Balluku and Mr. Bexhet Pacolli
Prime Minister Rama, Former Deputy PM Ministedr Balluku and Mr. Bexhet Pacolli

Vlora Airport Heads to Arbitration

Change font size: - + Reset Albania faces another potentially costly international dispute after losing several arbitration cases in recent years that have exposed the state to hundreds of millions of euros
2 weeks ago
4 mins read
The Chief Executive Officer of OTP Bank Albania, Mr. Bledar Shella, described this investment as a reflection of the bank’s vision to build long-term and sustainable relationships with its clients.

OTP Bank Albania inaugurates new Private Banking premises in Tirana

Change font size: - + Reset Tirana Times, May 18, 2026 – OTP Bank Albania has inaugurated new premises dedicated to the Private Banking segment, unveiling an exclusive space designed for clients
3 months ago
2 mins read