Germany 125 million euros investment for the next 4 years in Albania

With a fund of 124.9 million euros, Germany will support investments in the energy, tourism and environment sectors in Albania for the next four years. "This support, which comes mainly in the form of soft loans, aims to develop waste management according to EU standards, rehabilitate the Fierza hydropower plant and support regional development in the southern coastal area and the Korca-Pogradec area.These are important topics for the sustainable and environmentally friendly development of the country, ”reads the announcement of the German Embassy in Tirana. The agreement was signed on behalf of the German government by the German Ambassador to Tirana, Peter Zingraf. For the Albanian side, it was signed by Belinda Balluku, Minister of Infrastructure and Energy, who assessed Germany as "one of the strategic partners and always close to Albania, in these important decades for its recovery." "The financing of these projects will be based on favorable loans from KfW, which is one of our most important and reliable partners in the development of regional infrastructure," she noted.