EIB Global to help N. Macedonia c-bank enhance climate risk oversight
Albania’s energy output drops 19% in 2023
Montenegro proposes striking teachers 10% pay rise as of July 1
N. Macedonian banks' end-Jan loan portfolio up 5.7% y/y
N. Macedonia's M1 money supply up 11.4% y/y at end-Jan
Oct 08, 2020 15:15 EEST
October 8 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Thursday it has signed two agreements with Albania to support the country's tourism industry and its progress towards European Union (EU) accession.
To boost competitiveness of the Albanian tourism sector, the EBRD is providing a 60 million euro ($70.6 million) loan to the country to co-finance tourism-enabling infrastructure, with a particular focus on the municipalities of Berat, Korca, Fier and Shkoder, it said in a statement.
Furthermore, the EU will allocate 40 million euro in grants for the restoration, improvement and development of cultural and natural heritage sites in Albania. The EU is providing the grants through its Instrument for Pre-Accession Assistance, according to the statement.
The EBRD has also signed a Memorandum of Understanding (MoU) with Albania to support the country’s progress towards EU accession through policy engagement, technical assistance and investments, it said in a separate press release.
“We are encouraged by the steps Albania is taking towards the EU and we are pleased to support these vital efforts with our contributions. In these challenging times it is more important than ever that we all join forces not only to rise to the current challenges, but also to realise the country’s long-term goals,” EBRD acting president Jurgen Rigterink said in the press release.
($ = 0.8504 euro)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options