Albanias government debt increased 0.7pps y/y to 58.9% of the GDP as of end-2011, Lajmeshqip news agency reportedd citing finance minister Ridvan Bode. The ministry is yet to publish official figures. The IMF warned in October 2011 that Albanian economy faces increasing challenges from its high public debt that is approaching the statutory limit of 60% of the GDP. The fund expects Albanias debt to GDP ratio to stand at 59.4% at the end of 2011 and exceed 60% in the mid-term. The government plans to reduce the level of the public debt to 58% of the GDP in 2012. |
Albania has called a tender to select a company to supervise the construction and supplies for a sewerage system and waste water treatment plant in Velipoja area, the European Commission informed ... more
The Albanian government has approved changes in the concessionary agreement for the Devoll Hydropower cascade, which formally enables Austrian EVN to exit from the project, the cabinets press ... more
The economy and finance committee of Albanias Parliament has approved a EUR 12.7mn loan from the European Bank for Reconstruction and Development (EBRD) to be used to fund a project for upgrading ... more