News Karnataka
Friday, December 08 2023

Tirana: EU to provide Albania with 80 mn euros to tackle energy crisis

New Project 2022 10 28T074916.660
Photo Credit : IANS

Tirana: The European Union (EU) will provide 80 million euros ($79.7 million) in grants to Albania to tackle energy crisis, European Commission President Ursula von der Leyen said here.

According to Von der Leyen, the energy support package will be part of the support package of 500 million euros that the EU will provide the Western Balkan countries to help overcome the energy crisis and also as investments in energy connections, energy efficiency and renewable energy, Xinhua news agency reported.

The EU Commission chief, during a joint press conference with Albanian Prime Minister Edi Rama on Thursday, underlined that the immediate batch of the package will support Albanian families and small businesses in this difficult time and also help the country to address the impact of high energy prices.

Earlier on Thursday, together with Rama, Von der Leyen visited the working sites for the construction of a railway line that will connect the capital city Tirana with the port city of Durres and the International Airport of Tirana, a project that is financed by the European Bank for Reconstruction and Development and that is expected to finish by 2024.

Albania is the second stop for Von der Leyen on her Western Balkans tour following her visit to North Macedonia on Wednesday. She is also scheduled to travel to Bosnia and Herzegovina, Serbia and Montenegro. (1 euro = $0.99)

Share this:
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Editor's Pick

Find the best odds at 10Cric and IPL Betting 2023! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp