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World Bank: Debt reduced by tax reform, pensions and energy
The World Bank predicts that Albania's public debt will reach 76 % of GDP in 2018 and according to a baseline scenario.
The World Bank experts said today in Tirana that the only way to achieve a sustainable reduction in the debt…
Gas and fuel, circulation tax increases
A possible increase in turnover tax on fuels is expected to have a negative effect on daily consumption. In the final draft, which has not yet proposed by the Ministry of Finance for the fiscal package in 2014, this toll is expected to rise…
Italian Parliament approves law on the Agreement between Italy, Greece and Albania on TAP
Baar, Switzerland. Today the Italian Parliament approved the ratification law on the tri-lateral Intergovernmental Agreement (IGA), following the signing of an IGA between Italy, Greece and Albania on the Trans Adriatic Pipeline (TAP)…
San Leon: Appointment of Joel Price to position of COO
San Leon Energy is pleased to announce that Joel Price, formerly Siekierki Asset Manager at Aurelian Oil & Gas and currently Head of Engineering at San Leon Energy plc, has been appointed as Chief Operating Officer (‘COO’) at San Leon.…
Greek Parliament ratified the Host Agreement with TAP
Athens, Greece. Last night, the Greek Parliament ratified the Host Government Agreement (HGA) it signed with the Trans Adriatic Pipeline earlier in June this year. The HGA sets out the framework by which the project will be realized and…
Stream Encouraged by Canada – Albania Investment Protection Agreement
Stream Oil & Gas Ltd. (TSX-V: SKO) (“Stream” or the “Company”) is pleased to announce the signing of the foreign investment promotion and protection agreement (“FIPA”) between Canada and Albania. FIPA is a treaty designed to promote and…
Petromanas supports investment agreement between Albanian and Canadian governments
Petromanas Energy Inc. ("Petromanas" or the "Company") (TSXV: PMI) today announced its support for a foreign investment and protection agreement (FIPA) concluded between the Canadian and Albanian governments and announced by the Honourable…
Serbia hosts South Stream ‘first welding’ ceremony
Serbia hosted a ceremony symbolically marking the beginning of work on South Stream, the Gazprom-favoured planned pipeline project, designed to bring Russian gas to the Balkans and to the EU, bypassing Ukraine. EurActiv Serbia reports.…
Voice of Russia: South Stream to improve international energy security
Russia's President Vladimir Putin sent a greeting to participants and guests of the official ceremony, devoted to beginning of construction of a South Stream part in the territory of the Republic of Serbia, where he stressed construction of…
Do not pay excise duty, “Bankers” fined 46.4 million lek
The Customs Administration fined the company "Bankers Petroleum Albania LTD" 46.4 million lek in violation of the excise obligation.
According to the official announcement, structures from the Excise Department at the Directorate General…