The parliament adopted a decision for issuing the first-ever government Eurobond emission, local Klan TV reported. JP Morgan and Deutsche Bank have already been selected to manage the issue. Authorities hoped to raise up to EUR 400mn from the deal with an interest of up to 8.5%. Part of the receipts will be used to refinance the syndicated loan granted by Deutsche Bank and Greek Alpha Bank in 2009 for financing of construction of 170km long Durres-Kukes motorway, finance minister Ridvan Bode. As noted, the government failed to issue the debt in a number of attempts, due to global finance turbulence and the debt crisis, which pushed interest rates to unacceptably high levels. |
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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