government

The Ministry of Infrastructure and Energy has concluded the negotiation and signed the contract with the winning company of the competition for the concessionary construction, operation and transfer of the Kalivaç Hydropower Plant. The…

The Council of Ministers has approved the loan agreement between Albania and the International Bank for Reconstruction and Development for the second extension of the project to finance dam safety. This loan amounted to 12 million euros…

Albanian Securities Exchange has welcomed the Initiative of the Albanian government to float state-owned electricity distributor OSHEE on the stock market this year. In an interview for TV Scan, ALSE CEO Artan Gjergji says that in all…

Less than 3 years after the approval of the concession for the port of processing of hydrocarbons in Porto Romano, the Albanian government has proposed an addendum to the BOT concession contract. Under the terms of the original contract,…

The Ministry of Infrastructure and Energy has approved 4 mining licenses, while the expected investment according to the bids submitted by the involved company amounts to a total of ALL 87 million. One of the permits was approved for the…

Bankers Petroleum announced on Monday that the National Agency for the Management of Natural Resources in Albania had agreed with the idea of holding an independent evaluation of its investments as part of efforts to end the tax dispute.…

Rome, Italy. The Minister of Environment, Gianluca Galletti, has signed the Decree of environmental compatibility of the project submitted by Trans Adriatic Pipeline AG (TAP) for the Italian section of the pipeline, concluding another major…

Albania's government launched a task force on Monday to end what it called the "collective theft" of electricity in an effort to turn around the debt-riddled electricity sector. Energy and Industry Minister Damian Gjiknuri said the…

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)…

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…