Italy provides EUR 15mn to support Albanian SMEs.

By bne IntelliNews March 11, 2013
The Italian government has agreed to provide EUR 15mn to support the development of small and medium-sized enterprises (SMEs) in Albania, AINA news agency informed. Albanian finance minister Ridvan Bode, the minister of economy, Edmond Haxhinasto, and the Italian ambassador to Tirana, Massimo Gaiani, have signed an agreement on the financial aid. Italy provided similar assistance to Albania in 2011. In Albania, SMEs account for 99.9% of total business registrations and their share in total employment stands at 81.8%, according to the latest SME Policy Index of the Organisation for Economic Co-operation and Development (OECD).

Related Articles

Albania calls tender for supervision of sewerage project.

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

Albania's govt approves changes in concession agreement for Devoll project.

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

Albanian parliament panel endorses EUR 12.7mn EBRD loan for dam safety project.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335