The Kosovo Parliament has ratified the agreement for credit and financing between the Kosovo Government and the German Bank KfW. According to the agreement, Kosovo will benefit 16.5 million grant and 17 million loan for the implementation of the power network from Kosovo to Albania and Montenegro.
All parliamentary groups including the opposition have voted in favor of the agreement.
Minister of Economy and Finance, Ahmet Shala, said that the funds will be used to construct the 400 kilo volt connection between Kosovo and Albania.
Shala said that the construction works will be going on at the same time in Kosovo, Albania and Montenegro.
This project is expected to improve power supply in these three countries and is expected to facilitate the energy exchange in the region.
Kosovo approves loan deal for energy network
Change font size:
Latest from Business & Economy
Albania’s Fiscal Peace Sparks Concern
Change font size: - + Reset Critics warn of deepening inequality, impunity and potential money-laundering exposure. Tirana Times, January 16,2025 – Albania’s newly adopted “fiscal peace” package framed by the government as
Albanian Banks Brace for Rising Bad Loans
Change font size: - + Reset Tirana Times, January 15, 2026 – Albania’s banking sector enters 2026 with growing caution, as banks operating in the country anticipate an increase in non performing
Albania’s Currency Exchanges Tied to Drug Money Laundering
Change font size: - + Reset By Tirana Times Staff TIRANA, Albania,October 16,2025. Behind brightly lit kiosks advertising euros, dollars and pounds, prosecutors say a hidden financial system is moving millions in
Kosovo Visitors Drive Summer Tourism Surge as Italian Arrivals Slip
Change font size: - + Reset Kosovo Visitors Drive Summer Tourism Surge as Italian Arrivals SlipTirana, September 26, 2025 — By Tirana Times Staff Albania’s summer tourism season ended on a stronger
Bankers Petroleum Threatens Arbitration Amid Fraud Probe in Albania
Change font size: - + Reset By Tirana Times | July 23, 2025 Albania’s most lucrative oilfield has become the epicenter of what could be the country’s most consequential investor-state confrontation to