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Green for growth fund to invest in landmark renewable
TIRANA, March 11, 2023 - The Green for Growth Fund (GGF) has announced a EUR 28 million loan to fund a landmark transaction with SPV Blue 1 in Albania. The privately owned project marks a significant milestone in the history of energy production in Albania, as it is the largest non-subsidized solar project in the Western Balkan Region, the
Arbitration Cases: Albania Could Lose Potentially 450
By Tirana Times February 22, 2021 20:58 Related Articles. Exports to Italy stagnate, Greece drops to fifth destination The claimant, in this case, is an energy group, and they claim that Albania withdrew from a contract regarding a photovoltaic park. Monitor suggests that the requested compensation is 110 million Euros, although to date no
Informality, energy, NPLs suggested as priorities for 2016 – Tirana Times
By Tirana Times November 20, 2015 11:06 Related Articles. Bank for Reconstruction and Development says reducing informality, private sector investments in infrastructure and energy and tackling non-performing loans should be the key priorities for the Albanian government in 2016. In its latest Transition report, the EBRD welcomes enhanced
Energy Storage
Thermal energy storage (TES) can help to integrate high shares of renewable energy in power generation, industry, and buildings sectors. TES technologies include molten-salt storage and solid-state and liquid air variants.
In Albania''s olive oil boom, lack of proper export
By Tirana Times January 26, 2023 18:55 Story Highlights. Problems with certification hamper export efforts in a year with the largest olive harvest ever. The only way to export oil in large quantities is only cooperation and certification on a
Albania: The ''Sleeping Renewable Energy Giant'' of The Balkans?
A resilient renewable energy mix could create export opportunities for Albania, which could see electricity and hydrogen, produced using renewable energy,
After Kosovo, Albania to create a network with North Macedonia
By Tirana Times December 26, 2020 15:17 Related Articles. Flat tax gets different evaluations; Prime Minister Rama talked also about other important projects in the energy sector, focusing on the construction of Skavica hydro power plant, near the border with North Macedonia. According to Rama, once that project will be finished, it
New WB project to lower trade costs and increase transport
By Tirana Times April 20, 2019 16:23 Story Highlights 30 million dollars for North Macedonia, and 20 million dollars for Albania. It is projected to reduce annual export and import costs by more than 10 percent. Although exports from the Western Balkans can enter the European Union (EU) without tariffs, only 10-20 percent of firms in the
Summary of Global Energy Storage Market Tracking Report (Q2
The bidding volume of energy storage systems (including energy storage batteries and battery systems) was 33.8GWh, and the average bid price of two-hour
Exports slump during 11-month period amid political climate –
TIRANA, Dec. 13 - November was marked by a 9.1 percent decline in exports, as the value of Albanian goods sold abroad during this month was 25 billion lek. INSTAT reported that
Politics – Tirana Times
Greek MFA to visit Tirana: reopening of negotiations on the table. TIRANA, Albania – Greek Foreign Minister Nikos Dendias will pay a visit to Tirana next week. The official set date for this is October 20 and the main time on the agenda will be a restart for the bilateral negotiations. Read Full Article
Linking ownership of shell companies to fugitives, SPAK seizes Tirana
By Tirana Times August 8, 2023 10:27 Story Highlights. The corruption case involving these incinerator contracts has put several high-profile figures under scrutiny, including former Minister of Environment Lefter Koka and former Deputy Prime Minister Arben Ahmetaj, who is currently an international fugitive. Integrated Energy B.V. SPV sh.p
Albania''s electricity distribution operator suffers drastic cut in
By Tirana Times July 4, 2018 14:38 Story Highlights OSHEE and power utility KESH, both of which state-run, imported electricity worth about €200 million in the second half of 2017 when Albania faced one of the worst droughts in decades that paralyzed the country''s wholly hydro-dependent electricity sector
Albania: The ''Sleeping Renewable Energy Giant'' of
A resilient renewable energy mix could create export opportunities for Albania, which could see electricity and hydrogen, produced using renewable energy,
Factsheet: Renewable Energy in Albania
Power generation from renewable energy sources fluctuates and is naturally variable. This requires more sophisticated network infrastructure and operation that can handle bidirectional energy flows and changing supply profiles. Particularly in high-demand centres such as the capital Tirana, the Albanian distribution grid
Bank of Albania keeps key rate unchanged as record
By Tirana Times May 3, 2023 23:07 Story Highlights. While officials say the lek''s appreciation is a vote of confidence in the Albanian economy, some experts are pointing to the influence of informality in the economy as the cause for the lek''s appreciation. Representatives of the export sector came out with a joint declaration requesting
Tirana Times – Tirana Times
Albania-Kosovo and the growing ''Balkan mini-Schengen'' clash. TIRANA, Feb. 11 – Incoming Kosovo Prime Minister Albin Kurti''s first official visit to Tirana did not soothe the clash between Pristina and Tirana, but instead brought forward the neighbors'' growing disagreements concerning the ''Balkan mini-Schengen,'' an initiative first
Energy storage battery exports are growing explosively
4 · Energy storage battery exports are growing explosively. published:2024-06-27 17:46 Edit. The latest data shows that in May, the export volume of power batteries was
Op/ed: Nuclear energy still a long-term option for Albania – Tirana
The idea was first conceived about 15 years ago, with the Albanian government considering the construction of a nuclear power plant that would not only
Albania considers ban on energy drinks to under-18s – Tirana Times
By Tirana Times September 18, 2018 15:24 Story Highlights TIRANA, Sept. 18 – Albania is trying to follow the UK''s recent legal initiative to impose a ban on energy drinks to anyone under the age of 18 and limit the advertising of sugar-sweetened beverages in similar measures to legislation in force protecting minors from the use of alcohol.
Energy and food security top agenda at Open Balkan
By Tirana Times September 2, 2022 23:04 Story Highlights. TIRANA, Sept. 2, 2022 - Albania, Macedonia and Serbia -- whose leaders met in Belgrade on Friday as part of the Open Balkans initiative -- say they will seek each-others'' help to deal with difficult winter ahead in terms of energy and food security related to Russia''s invasion of
In Tirana, von der Layen promises 80 million euros in grants to
TIRANA, Oct. 28, 2022 - The head of the European Commission, Ursula von der Leyen, was in Tirana on Thursday where she announced the EU executive body will offer Albania 80 million euros in budgetary support for coping with the energy crisis. She made the announcement at a press conference following a meeting with Prime Minister Edi Rama.
Rainfall saves Albania''s GDP growth in year''s first half – Tirana Times
By Tirana Times September 26, 2018 14:50 Story Highlights the country''s economy to grow between 3.5 to 3.7 percent this year amid a slowdown in foreign investment as two major energy-related projects approach their final investment stage. allowing the country to secure electricity needs and export part the excess production.
Back taxes reach amount of 880 million euros with oil refinery
By Tirana Times October 14, 2019 12:54 Story Highlights TIRANA, Oct. 14 - The amount of back taxes that businesses in Albania, a majority of which have gone bankrupt, still haven''t paid back, reached up to 880 million euros in 2018. The company was established in 2007, with a focus on the import-export area as well as wholesale and
Albania and the US revamp economic cooperation – Tirana Times
Albania and the US revamp economic cooperation. By Tirana Times October 4, 2020 14:59. Bechtel to build Skavica hydropower plant. An important Memorandum of Understanding on Economic Cooperation was signed by U.S. Under Secretary for Economic Growth, Energy, and the Environment Keith Krach and the
Azerbaijan''s international oil strategy – Tirana Times
Florenc SPAHO, a member of the Parliament of Albania, delivered a report and spoke about the importance of the development of friendly and brotherly relations between Azerbaijan and Albania, especially the successes achieved in the fields of economy, energy, tourism and business, and the importance of further developing these
After Serbia, Kosovo also declares trade war on Albanian products
By Tirana Times May 24, 2019 14:21 Kosovo is ranked as the second-largest export destination after Italy, with 9 percent of the total, down from 5.8 percent this year in the first quarter of last year. was in April, when exports jumped by 70 percent. The main effect of this growth was the group "Minerals, fuels and energy", which
Energy can be an important engine in Albania''s economy as it has
By Tirana Times March 5, 2018 17:16 Related Articles. Albania in twenty years – The 1990 Agenda Is Still Unfinished By Per Strand Sjaastad* Good energy policy is, basically, about ensuring sufficient and stable supply, at affordable prices in an efficient and competitive market, and – at the same time - without destroying the
GSE and AEE sign MoC on energy sector during Energy
By Tirana Times February 12, 2020 11:43 Story Highlights "This Memorandum of Cooperation will serve as a great assistance to the Agency in the framework of its strengthening to reach the EU standards through capacity-building and sharing of better practices," the Director of AEE, Gjergj Simaku, said during the meeting.
Albania''s exports hit hard by currency strength – Tirana Times
By Tirana Times September 20, 2023 17:09 Story Highlights. In August 2023, the value of exported goods reached 27 billion leks (253.8 million euros), marking a substantial 21.9 percent decline compared to the same period last year. Machinery and Replacement Parts also experienced declines, although they have displayed relative
World Petroleum Congress: Albania lures oil investors through
By Tirana Times July 10, 2017 16:36. TIRANA, July 10 - Prime Minister Edi Rama has called on the world''s leading oil companies to consider investment in Albania''s largely unexplored oil and gas resources, which he says make the Balkan country a new oil frontier only miles away from the Middle East. The appeal came in Istanbul on Monday as the
In Tirana visit, Azerbaijan''s president promises to
By Tirana Times November 16, 2022 00:09 Story Highlights TIRANA, Nov. 15, 2022 - Azeri President Ilham Aliyev said Monday his energy-rich country plans to double the supply of gas to Europe, increasing the continent''s energy security following problems tied to the Russia-Ukraine war. Aliyev made his comments during an official
Dutch-Albania raspberry enterprise certified to export to EU – Tirana Times
By Tirana Times November 20, 2015 11:00 Related Articles. Indices on retails trade and vehicles; raspberries that Superberry Albania packs and ships to shops in Albania and abroad," says the Dutch embassy in Tirana. Superberry is now certified to export to the EU and will soon be selling their produce in – amongst other countries
Potential new Investment in the Energy Sector – Tirana Times
By Tirana Times August 4, 2021 18:48 Related Articles. Stellar launches Albania fund after Baltic success story; Excelerate Energy is collaborating with another company, Snam, which holds 20% of shares in the Trans Adriatic Pipeline which runs through the south of Albania. If all goes well, construction is set to commence in 2023.
Energy imports witnessed growth in 2019 as production wavered – Tirana
TIRANA, March 5 - According to official data published by the Institute of Statistics, production of energy decreased by 0.3 percent, as imports increased by 1.8 times in order to meet the demands. As a result exports fell by 3.5 times, compared to the same period a
Major oil, gas and energy summit to take place in Tirana – Tirana Times
By Tirana Times March 6, 2015 10:45 TIRANA, March 2 - A major energy summit is scheduled to take place on March 17-18 in Tirana. The Albania Oil, Gas & Energy 2015 Summit will have the participation of major global operators and key Albanian leaders and experts, according to International Research Networks, the event organizer.
Albania: The ''Sleeping Renewable Energy Giant'' of The Balkans?
Located in the western part of the Balkan Peninsula in South-eastern Europe, Albania hardly makes the headlines when it comes to its developments and aspirations in the energy sector. However, the country''s energy mix has one of the highest shares of renewable energy in Europe. In 2020, the share of renewables reached 45%
Albania-Türkiye relations explored at international
TIRANA, April 24, 2023 - Relations between Albania and Türkiye were the focus of an international conference held on Monday to mark a century of diplomatic relations between the two states. The conference featured presentations of officials from Türkiye and Albania, academics as well as representatives of various organizations.
Kosovo-Serbia trade war exacerbates – Tirana Times
By Tirana Times May 30, 2019 17:01 Story Highlights. As the Kosovo refuses to lift the 100 percent tax on importing Serbian and Bosnian goods, Serbia has stopped the dialogue with the young country, while Serbian president Vucic said it will disregard Kosovo''s presence during the Paris Summit. KESH to tender for 2006 energy purchase; Some
The Future of Power Storage in South Eastern Europe
workshop on the future role of energy storage in South Eastern Europe on 21 -22 October in Tirana. The workshop was attended by 40 specialists from academia, government,