Albania

Watchdog warns Western Balkan banks are conduits for money laundering

bne IntelliNews November 19, 2024

Criminal networks are exploiting banks and other financial institutions across the Western Balkans to move illicit money across borders, says a report by the Global Initiative Against Transnational Organized Crime.

So you want to get on the right side of Donald Trump? Try gift-wrapping a hotel

bne bureaus November 15, 2024

Though he’s busy preparing for his second stint in the White House, his brand is still doing business the world over.

Albania partners with UAE's Masdar for gigawatt-scale green projects

Aidą Kadyrzhanova in Prague November 14, 2024

Agreement aims to help Albania become more energy independent and reduce reliance on coal-heavy electricity imports.

Elon Musk wants Italian judges who blocked migrant deal with Albania sacked

bne IntelliNews November 12, 2024

After supporting Trump’s re-election campaign, world’s richest man weighs in on debate over controversial deal to host migrants in Albania.

Italian businessman’s €100mn arbitration victory against Albania sparks international financial and legal dispute

bne IntelliNews November 7, 2024

New evidence casts doubt on the validity of Belgium court’s decision to award €100mn to Italian businessman in a long-running arbitration case with the Albanian government.

Congratulatory words for Trump mask fears of destabilisation in Western Balkans

Clare Nuttall in Glasgow November 6, 2024

Political leaders take to X to congratulate Trump, while speculation mounts about whether his second presidency will enable destabilisation of the situations in Bosnia and Kosovo.

EBRD, EU to secure €400mn for Western Balkans’ green transition

bne IntelliNews October 31, 2024

Programme to provide €120mn of targeted SME financing in the Western Balkans region in its initial phase, scaling up to €400mn over the next few years.

EU enlargement progresses amid geopolitical tensions

bne IntelliNews October 31, 2024

Several aspiring EU members make significant progress in 2024, but more reforms needed, says European Commission’s latest enlargement package.

Toxic waste containers rejected by Thailand now headed back to Albania

Aidą Kadyrzhanova in Prague October 23, 2024

102 containers carrying an estimated 2,100 tonnes of suspected hazardous waste will be returned to Durres, international watchdog group Basel Action Network announced.

Meloni defends migrant deal with Albania after court ruling

Aidą Kadyrzhanova in Prague October 22, 2024

Italian judges ordered the return of 12 migrants back to Italy shortly after they were sent to new migrant camps in Albania.

Albania's former president Ilir Meta arrested in corruption case

bne IntelliNews October 21, 2024

Meta is accused of engaging in illegal financial activities and failing to declare significant assets.

Western Balkan countries’ growth paths diverge

Clare Nuttall in Glasgow October 20, 2024

Albania, Kosovo, Montenegro and Serbia are pulling ahead, while Bosnia and North Macedonia are being held back by lower external demand and domestic fiscal pressures, says new World Bank report.

Central and Southeastern Europe defies German economic weakness

Robert Anderson in Prague October 17, 2024

The wiiw autumn forecast warns that not all of the recession in the German automotive industry has so far been felt in Central Europe and further difficulties should be expected.

Albania opens first chapter of EU accession negotiations

Valentina Dimitrievska in Skopje October 16, 2024

With this step, Albania has joined Montenegro and Serbia as the third Western Balkan country to open negotiation chapters in accession talks with the EU.

COMMENT: Is the Balkan region Israel’s newfound interest?

Fuad Shahbazov in Durham October 11, 2024

In light of the worsening geopolitical tensions in the Middle East, Tel Aviv has sought to build new alliances and partnerships.

Opposition protesters in Albania set fire to ruling Socialist Party headquarters

bne IntelliNews October 8, 2024

Thousands-strong protest was sparked by anger over the imprisonment of Democratic Party official Ervin Salianji.

Western Balkans emerges as nearshoring destination

Clare Nuttall in Glasgow October 3, 2024

wiiw study reveals FDI soared in recent years, with strong interest from Asian investors.

Albanian opposition MPs set chairs ablaze in violent protest

bne IntelliNews October 1, 2024

Protest erupted inside parliament over the sentencing of MP Ervin Salianji.

Nearshoring security

bne IntelliNews September 30, 2024

As European countries look for external solutions to immigration and prison overcrowding, Albania and Kosovo have struck controversial deals with Italy and Denmark.

EU separates Albania and North Macedonia in EU accession process

bne IntelliNews September 26, 2024

PM Hristijan Mickoski says EU’s decision sends a negative message to Macedonian citizens after two decades of little progress.

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