China backs Albania's farming sector with 10 mln yuan (1.3 mln euro) grant

June 6 (SeeNews) - China and Albania signed a 10 million yuan ($1.5/1.3 million euro) grant agreement in support of the agriculture sector in the Southeast European country, the economy ministry in Tirana said on Monday.

The funding will be used to buy new equipment, deputy prime minister Niko Peleshi said, as quoted in a press release.

Peleshi also said that the Albanian government has already elaborated a bilateral draft agreement on visa relaxation which is expected to increase the number of Chinese tourists and investors in Albania.

($=6.56616 yuan)