Construction of Llogara Tunnel

The Albanian Government has announced in June 2020 the construction of Llogara Tunnel.

Saranda International Airport

October 2021 The Albanian Government has announced its plan for the construction of a new Airport in the Southern city of Saranda. Recently a call for bids was launched for the design, construction, operation, maintenance, and transfer of Saranda International Airport (SIA). The investment shall be made through a concession/PPP contract of 35 years with a project estimated value of 34,320,000 Euro (VAT excluded). The opening of the bids has been currently set for 14 October 2021.

Understanding Cryptocurrency And Distributed Ledger Technology in the Albanian Legal Context

October 2021 Blockchain represents one of the 21st century’s most impactful inventions. In addition to creating cryptocurrencies such as Bitcoin, this technology enables smart contract functionality and supports decentralised, secure, and private transactions. By design, blockchains enable decentralised functionality for many of today’s business applications and transform traditional centralised information systems. In a few chapters, KALO & ASSOCIATES will summarise the legal and regulatory developments of crypto and blockchain in Albania by explaining what they are, what they are not,…

Blocks B and E opened for PSC

September 2021 The Ministry of Infrastructure and Energy and the Albanian National Agency of Natural Resources have recently launched an international tender for Blocks B and E. No offers were made in two consecutive calls for bids. The Ministry has currently abandoned the project.

Vlora Triport (Touristic, Cargo & Fishing Port)

The Albanian Government has announced its plan for the transformation of the Port of Vlora into a touristic port and the construction of a cargo and fishing port. In February 2021 the Government took a decision for appointing the Ministry of Infrastructure and Energy as the contracting authority for purposes of preparing the award procedure. No further information is available.

Wind Power Project

In June 2021, the Ministry of Infrastructure and Energy (MIE) of the Republic of Albania has initiated a two-phase tender process for utility-scale, onshore wind power plants. The MIE has invited prospective bidders to identify and propose sites viable for the design, financing, construction, and operation of new onshore wind power plants under a request for qualifications. Participation in this tender process is restricted to projects with a minimum capacity of 10 MW and a maximum capacity of 75 MW. MIE will select projects totaling 100 MW that will receive support measures as described below.…

BOYANOV & Co. and KALO & ASSOCIATES Advised Albania Telecom Invest and One Telecommunications SHA

BOYANOV & Co. and KALO & ASSOCIATES advised Albania Telecom Invest and One Telecommunications SHA on the refinancing of a EUR 48.5 million acquisition loan from First Investment Bank used by ATI in 2019 to acquire a controlling stake in One from OTE.

Skavica Hydro Power Plant

Skavica is a hydropower plant to be built on the Drini cascade, upstream three existing Drini river hydropower plants: Fierza, Komani and Vau i Dejes.

KALO & ASSOCIATES Assisted in Drafting Council of Ministers Decisions

In an EBRD funded project, KALO & ASSOCIATES assisted in the drafting of the following Council of Ministers Decisions.

Concession Launched for a Touristic Port in Vlora

The Ministry of Infrastructure and Energy has launched a BOT concession/PPP project for the construction and operation of a touristic port in the city of Vlora (Marina Vlora) to last 35 years.

Albanian Parliament Enacted the Law on the Central Register of Bank Accounts

The Albanian Parliament recently enacted the Law on the Central Register of Bank Accounts, which constitutes an additional tool in the fight against money laundering and financing of terrorism.

Announcement from KALO & ASSOCIATES

KALO & ASSOCIATES, had a good year although it was associated with COVID-19 consequences.