Today: Jul 09, 2026

Outgoing Albanian minister initiates new €59 mln concession after tax haven scandal

10 mins read
8 years ago
Change font size:

TIRANA, Jan. 3 – Albania’s outgoing energy minister has initiated tender procedures for another big concession only few weeks after a scandal with an offshore tax haven that had €30 million in Albania public projects cancelled over cheating authorities with false documents. The new tender involves rehabilitating a costly thermal power plant in Vlora, southern Albania, that has already cost Albanian taxpayers $130 million, but has yet to become operational almost a decade after its completion due to problems with its cooling system and high costs of operating on fuel. The Albanian government is now seeking private investors for a…

Yearly subscription Membership Required

You must be a Yearly subscription member to access this content.

Join Now

Already a member? Log in here

Latest from Business & Economy

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
2 months ago
2 mins read
Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

Building a Trusted Health Tourism Ecosystem: Albania’s Next Competitive Advantage

Change font size: - + Reset by Professor Alaa Garad Tirana Times, March 17, 2026 – There are countries you visit, and there are countries you remember. Albania is rapidly becoming the
4 months ago
7 mins read