March 15, 2017 - ESC Adriatic

Mar152017 by ESC AdriaticNo Comments

World Bank loans Albania $100 mln to enhance lending flexibility, Scan TV, 15/03/2017

Albania has been granted a new loan of 100 million dollars from the World Bank intended to support the strengthening of the financial sector. The decision was approved by the Board of Executive Directors of the Bank. Beneficiaries of the loan will be banks and savings and credit associations, while the main aim is to enhance the flexibility of their lending to the economy. After the loan approval in Washington, World Bank Director for Western Balkans Ellen Goldstein said that reforms supported by this project aim to address the current vulnerabilities of the financial sector by increasing its flexibility. According to Goldstein, these reforms will create the right environment in order for banking and non-banking financial institutions to extend loans to the private sector, and this, in turn, is expected…

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32nd International Scientific & Expert Meeting of Gas Professionals to be held from 3rd till 5th of May, 2017 in Opatija, Croatia

Activities, Informacion, Representation, Researches

Special notification to participants of 32nd International Gas Professionals Meeting, Opatija, Croatia, 2 May 2017 The most influential international gas conference and exhibition in South East Europe, from 3rd to 5th May this year in Opatija, will bring together about 600 experts from the gas and energy industry, of which 60 distinguished speakers and 45 exhibitors come from more than 20 countries. The expectation is that representatives from about 230 companies and organizations from the gas industry in Croatia and the wider region will be participating. The gathering will address numerous topics important for the gas industry, and which extend across the entire chain of the natural gas industry and include key issues that will determine the development of the natural gas market in the near future. Low-carbon strategies and…

Mar152017 by ESC AdriaticNo Comments

Forecasts on Electricity Prices in Albania by Dr Lorenc Gordani on 15th March 2017

Article, Informacion, Publications, Researches

The electricity have significant impacts on the developments of the all economy. The prices of which depends on energy costs including those related to grid costs and services, environmental policy, renewables (such as feed-in-tariffs), the stranded investments, back-up and reserve as well as profit margin. The Albania actual electricity prices before tax (VAT) for services is 14 Lek/kWh (10.37 Euro cent/kWh) while for households is 9.5 Lek/kWh (7.03 Euro cent/kWh) then the average price is 11.75 Lek/kWh (8.7 Euro cent/kWh). In regard of the variables prices in the future, the stringency of climate policy commitments will have limited impact on wholesale price development. In Albania, the wholesale price will be rather dependent on the regional generational capacity expansion than on the ambition level of climate policy. As at the regional…