Opening of the market launches the relevant projects

Opening of the market launches the relevant projects

Research
Opening of the market launches the relevant projects Author: Dr Lorenc Gordani Legal Adviser in Albania Energy Market [pj-news-ticker] Albania, like the rest of the Western Balkan countries, intends to promote the liberalization of the energy market and complete regional integration. Further, the fulfilment of the renewable and security targets of the country, determined by the absence of additional fiscal space available, has pushed continually to encourage the investors from the private financial system, especially the foreign capital to enter in energy sector. The foreign investments that have already reached about 1 billion euro by 2017, stimulating a growth to 3.8%. The largest share of foreign investment stocks, with over 70% is focused in energy (including oil and gas). The above mixed with the favourable technical potential in hydroelectric investments…
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