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Thursday, April 24, 2014
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World Bank supports doubling Water Availability in Durres region

17/01/2014 13:46 (96 Day 07:05 minutes ago)

The FINANCIAL -- The Government of Albania and the World Bank signed the loan agreement for a Water Sector Investment Project, totaling US$85.3 million, according to The World Bank Group.



The agreement was signed on behalf of the Republic of Albania by Minister of Finance Shkëlqim Cani and on behalf of the World Bank by Country Manager Tahseen Sayed.  The ceremony was held at Municipality of Durres in the presence of the Prime Minister Edi Rama, Minister of Transport and Infrastructure Edmond Haxhinasto, World Bank Country Director for Southeast Europe Ellen Goldstein, Mayor of Durres, heads of local government units as well as members of the staff who prepared the project. This project was approved on December 20, 2013, by the World Bank ’s Board of Executive Directors.

The project will help improve the quality of water and wastewater services in the coastal city of Durres area, and improve the financial performance of its water utility. The Project aims to upgrade and expand the existing water supply and sewerage network in Durres, the country’s second largest city, one of the main tourist destinations, and primary port. This will be achieved through investments in the water supply network and construction of water transmission pipeline to link villages to the city’s water supply system and reduce losses in the water distribution network. In addition, the project will support investments in the sewerage network and its transfer capacity from the touristic beach area to the newly constructed Durres Wastewater Treatment Plant.



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“The former Yugoslav Republic of Macedonia”: presidential election and early parliamentary elections

23/04/2014 16:38 (04:13 minutes ago)

The FINANCIAL -- A 14-member delegation of the Parliamentary Assembly of the Council of Europe (PACE), led by Stefan Schennach (Austria, SOC), will travel to “the former Yugoslav Republic of Macedonia” from 25 to 28 April to observe the conduct of the presidential election (2nd round) and the early parliamentary elections, alongside observers from the OSCE’s Parliamentary Assembly and Office for Democratic Institutions and Human Rights (ODIHR), according to PACE.



Major Cloud Service Providers Slash Prices; Threaten Smaller Players’ Existence: IDC Warns

19/04/2014 13:40 (4 Day 07:11 minutes ago)

The FINANCIAL -- In the last week of March, major Cloud Service Providers (CSPs) in Asia dropped their prices for core services dramatically and IDC believes that this will make it very difficult for smaller CSPs to remain in business if they continue to rely on provision of basic, undifferentiated services, according to International Data Corporation (IDC).

Philippines: Further reforms to strengthen growth, create more and better jobs

11/04/2014 12:00 (12 Day 08:51 minutes ago)

The FINANCIAL -- The Philippines is likely to remain as one of the fastest growing economies in the East Asia and Pacific region in the next two years.

Zurich identifies seven cyber risks that threaten systemic shock

23/04/2014 17:00 (03:51 minutes ago)

The FINANCIAL -- The recently published Zurich Cyber Risk Report, created in collaboration with the international think tank Atlantic Council, argues that cyber-risk management professionals need to look beyond their internal information technology safeguards to interconnected risks which can build up relating to counterparties, outsourced suppliers, supply chains, disruptive technologies, upstream infrastructure and external shocks, according to Zurich Insurance Company.


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