While the award rendered by the ICSID on April 24, 2019, has not been disclosed, Albanian media have circulated unconfirmed reports of €110 million.
Ukrainian Deputy Prime Minister says Ukraine is ready to consider the creation of a free trade area with Albania.
Several countries have offered to create free-trade zones with the Eurasian Economic Union including Zimbabwe, Jordan, Syria, Mongolia and Albania.
The recent decision in Pantechniki v. Albania appears to be the only award in the public domain in which a tribunal has held a fork-in-the-road clause to have been triggered by an investor’s prior court proceedings.
The agreement which establishes a free trade zone between Turkey and Albania, will come into force on May 1st.
The Central European Free Trade Agreement (CEFTA) needs one more country to ratify it before it can take effect.
Albania`s prime minister says he will sign an association and stabilization agreement with the European Union, ending three years of negotiations.
Croatia, Bosnia-Herzegovina, Serbia-Montenegro, Kosovo, Albania, Macedonia and Moldavia are expected to become a unique free trade zone by the end of 2007.
The European Union will give strong support to efforts by the continent’s southeastern countries, most of them in the Balkans, to sign a regional free trade deal this year, EU officials said on Monday.
The European Commission has proposed replacing the existing web of bilateral trade agreements in the Balkans with a regional free trade agreement — a move it says would boost economic prospects. However, the idea has met with opposition in Croatia.
All Balkans countries are headed for European Union membership, but they are taking different roads, and at differing pace.
THE idea of a Balkan General Free Trade Agreement, to replace existing bilateral free trade agreements, received support at an Athens meeting of the Association of Balkan Chambers, the Bulgarian Chamber of Commerce and Industry (BCCI) said on December 12.
Overview of Bilateral Negotiations 2004 involving Trade Agreements: State of Play 27 July