Agriculture is the main economic sector of Albania, contributing 20% to the gross domestic product. The government provides financial support through the IPARD III programme, which provides EU funds totalling EUR 146 million over the period 2021-2027 for the development of rural areas and agri-food sectors in the candidate countries for the EU accession, as […]
The European Union has given Albania a grant of 136 million euros for the reconstruction of the Vorë-Hani i Hoti railway line, on the border with Montenegro. This is the highest funding since Brussels decided to support investment projects in Albania. The European institutions have allocated a total of over 200 million euros for the
EU provides the largest grant for infrastructure investments in Albania Read More »
The European Council approved the Growth Plan for the Western Balkans, which provides for the allocation of six billion euros – two billion euros in grants and four in subsidized loans – to support the economies of the six countries of the region. The first payments, based on GDP and population, could be disbursed by
Albania will join EU Single Market thanks to an agreement that has already been ratified and will soon come into force. The European Commission will announce every year by April a request for funding for Albania which will allow small and medium-sized enterprises and non-profit organizations to benefit from funding for their development. The “Single
European common market: funds for one billion euros to support Albanian SMEs Read More »
Albania aims to become a net energy exporter country by 2030, committing to play a key role in the Western Balkans and beyond. This was affirmed by the Minister of Infrastructure and Energy, Belinda Balluku, during the recent meeting of the Foreign Investors Association in Albania (FIAA), on the topic “Energy transition towards the green
Albania aims to become an energy exporter country by 2030 Read More »
Although Albania still has the status of “candidate” for membership of the European Union, companies operating in the country will be able to receive financial support from Brussels thanks to the “accelerated integration” process. The Council of Ministers has in fact signed an agreement with the EU which allows Albania’s participation in the “Single Market
EU funds: over four billion euros to companies operating in Albania Read More »
Innovative companies operating in Albania will be able to receive state subsidies. On February 16, the Ministry for Entrepreneurship and the Business Climate and the Albanian Startup Agency opened a call to support the development and growth of 55-75 companies, for a total amount of 300 million lek (approximately 2.9 million euros). This is the
Open call for startups Read More »
The overhaul of the railway network in Albania will be supported by the European Bank for Reconstruction and Development (EBRD) with a €36.9 million loan and the European Union (EU) with an investment grant of up to €35.5 million under its “Connectivity Agenda for the Western Balkans”. The rehabilitation of the Albanian railway lines is
EBRD and EU finance rehabilitation of Albanian railways Read More »
The second Regulatory Dialogue between the EU and the Western Balkans was held in Brussels on 30 June with the participation of ministers and senior government officials who deal with digital policy. In 2022, the first meeting discussed alignment with EU digital policy, norms and standards and the need to foster the digital transformation of
Albania joins the “Digital Europe” program Read More »
The U.S. Agency for International Development (USAID) has launched a new platform that will allow small and medium-sized enterprises (SMEs) from Albania and the Western Balkans to apply for loans online and obtain information on available financial opportunities to grow their businesses. LORES+ is a FinTech solution created in collaboration with the business consultancy Creative
USAID launches LORES platform to financially support SMEs Read More »