Germany will finance the initial phase of the Green Infrastructure in Tirana project with a €50mn loan, according to a statement from the German embassy in Tirana.
The project aims to introduce an environmentally friendly public and urban transport service in a city where public urban transport is a major contributor to air pollution.
The funding will be extended through the German Development Bank (KfW), Deutsche Welle reported.
A fast bus system is planned in Tirana with the aim of tackling problems in three main corridors in the Albanian capital: the east-west line from the cinema studio to Kombinat, Unaza (the third Tirana ring road) and Tirana e Re in the central and western part of the city.
The International Monetary Fund (IMF) projects real GDP growth of 3.1% this year and 5.6% in 2025 for Kazakhstan in its newly released ... more
The International Monetary Fund (IMF) projects real GDP growth of 5.2% this year and 5.4% in 2025 for Uzbekistan in its newly released ... more
Tashkent Stock Exchange (TSE) has released its results for 1Q24, revealing a significant decrease in trading volume y/y. The results report, compiled by the TSE and Avesta Investment Group, ... more