Albania's audit office uncovered financial irregularities amounting to ALL 51bn (EUR 7.2bn) following control checks performed in the first six months of 2012, local news agency Lajmeshqip reported. About half of the amount of violations have been discovered in activities of state-owned power utility KESH, which were due to non-collection of bills in 2011. The list of abusers includes also a number of government bodies, including the ministries of tourism and social affairs and the regional directorate of social security in Tirana. Financial irregularities have also been identified in the project for construction of high voltage transmission line linking Tirana with the Montenegrin capital Podgorica, managed by transmission system operator OST. |
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