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United States

Benet Koleka

Albanian central bank holds rates, to ease them if needed

Aug 05 2020

TIRANA, Aug 5 Albania's central bank held its benchmark rate at a record low of 0.5 % on Wednesday but said it would ease them further to avert the effects of any escalated measures to contain the coronavirus or if the stimulus fails to impact the economy.

Albanian central bank holds rates, promises more easing if needed

Jul 01 2020

TIRANA, July 1 Albania's central bank held its benchmark rate at a record low 0.5% on Wednesday and promised a stimulative policy to help the economy emerge from the effects of the coronavirus pandemic.

Albania reopens land borders, but mass gatherings still banned

Jun 01 2020

TIRANA Albania reopened its land borders and let people move around freely on Monday after 79 days of coronavirus curbs, but will still ban mass activities until June 23.

France's Voltalia wins Albanian solar park contract

May 27 2020

TIRANA, May 27 French renewables company Voltalia SA has won a tender to build a 140 megawatt (MW) photovoltaic park in Albania after offering to sell half its energy to Albania for less than half the initial asking price.

Albania to open crèches, land borders, hotel beaches on Monday

May 26 2020

TIRANA Albania will re-open crèches and kindergartens and kick off its tourism season on June 1, the health minister said on Tuesday, despite reporting a sharp daily rise in coronavirus infections.

Albania to open borders in May, prepare to welcome back tourists

May 21 2020

TIRANA Albania will re-open its borders this month and prepare to welcome back tourists, Prime Minister Edi Rama told parliament on Thursday, with the country reporting no new coronavirus deaths for more than three weeks.

Demolition of Albanian national theatre sparks angry protests

May 18 2020

TIRANA Albanian authorities began demolishing the national theatre building early on Sunday after dragging away two dozen actors and activists protecting the site, drawing a large crowd chanting "shame" and "dictatorship".

Albanian garment industry unravels amid coronavirus pandemic

May 18 2020

ELBASAN, Albania Ardian Lami had been a waiter for 15 years when he found himself without a job after Albania shut down bars and restaurants in March because of the coronavirus outbreak.

Albania, once haven of illicit cannabis, set to legalise crop for medical use

May 12 2020

TIRANA Albania plans to legalise the cultivation of cannabis for medical purposes, six years after beginning a crackdown on an illegal trade that turned it, by some accounts, into Europe's largest outdoor grower of cannabis.

Albania lifts curbs on driving, slashes curfew in green zones

May 11 2020

TIRANA Albania had its lowest daily infections from the new coronavirus in eight weeks on Monday as half its 2.8 million people began enjoying more freedom in green zones and life went on almost as normal in the other half.

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