The number of tourists to Albania reached some 1.8mn between January and July, which is a very high number, the Albanian tourism ministry said in a note. More than 90% of the foreign visitors were on vacation, while the remaining came on daily trips, the note added. The ministry forecasts a 17% y/y growth in annual figures, up to 3.5mn tourist in 2010. We note that the government identified the development of the local tourism industry as a key priority. The PM has already requested an increase of the financing for the sector in 2011. The 170km-long motorway from Morina on the Kosovo border to Durres played a key role in the higher inflow of tourists. |
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