Europe Albania The cost per sqm of real estate in Tirana rose by 3,2% since 12/2021; Global Initiative Against Transnational Crime Initiative estimated that €300-700 million of dirty money enters Albania every year, much of it destined for the construction sector
Europe Albania Bankers Petroleum, Albania’s largest oil producer, threatened to sue government in international arbitration courts, claiming its rights as foreign investor were violated; prosecutors allege it stole billions of euros in a massive corporate fraud
Europe Albania Applications for the 'Mountain Package' have been opened, that will provide support for 500 projects through fiscal incentives over 10 years; the new law also includes 'Made in Albania' products
Europe Albania Beachgoers across Albania can access designated public beach areas free of charge in summer 2025 following a decades-awaited regulation that mandates 30% of every 1.000 meter of coastal stretch be open to the public
Europe Albania The prolonged pre-trial detention with no formal charges of Erion Veliaj, Tirana Mayor and potential successor of PM Rama, is raising questions about Albania’s judicial practices diverging from European legal standards