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 European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more
EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more
Albanian banks reported profits of ALL28.5bn (€271.7bn) in 2023, according to data from the Albanian Association of Banks. All banks in the country reported a profit for the year. The most ... more