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  • Bankers Petroleum says to split Albanian And U.S. operations
    LONDON (Thomson Financial) - Bankers Petroleum Ltd. said its board has approved a proposal to split the company into two separate public companies. One company will have a continued focus on heavy oil in Albania and the other company will be a North
  • The pro-American terrorists
    On cue, within minutes of news that four Albanians were involved in a plot to attack American soldiers in New Jersey, we were treated to the familiar disclaimers of Albanian pro-Americanism, meant to keep us on program - lest the American people finally
  • Greece-Albania trade at 5.4 bln leks in March
    Albania's commercial exchanges with Greece were estimated at 5.4 bln leks in March, 2008. According to data published by the Institute of Statistics (INSTAT), imports from Greece to Albania totaled 4.57 bln leks whereas exports to Greece were averaged
  • Greece: Emporiki Bank's int'l activities grow-Focus on Romania
    According to Emporiki Bank's first quarter results announcement, the development of the Group?s international activities continues. During the 1st Quarter the total loan portfolio in the three Balkan countries (Albania, Bulgaria, Romania) and Cyprus
  • Defiant Serbia conducts elections in Kosovo
    MITROVICA (Reuters) - Serbia underlined its rejection of Kosovo's Western-backed independence by conducting elections in the territory on Sunday, in defiance of the United Nations and the ethnic Albanian majority there. NATO troops manned checkpoints
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In 1990 Albania ended 44 years of xenophobic communist rule and established a multiparty democracy. The transition has proven difficult as corrupt governments have tried to deal with severe unemployment, the collapse of a fraudulent nationwide investment scheme, widespread gangsterism, and massive refugee influxes from neighboring Kosovo.

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