Off the wire
• Urgent: China's June exports up 1.3 pct, imports down 2.3 pct  • China Focus: China expands economic corridor with Mongolia, Russia  • Two senior Indian ministers resign  • 1st LD Writethru: S.Korea to deploy U.S. missile defense system to southeastern region  • Reports of sexual assault at six-year high in Australia: statistics  • Urgent: S.Korea to deploy THAAD in southeastern region despite oppositions from neighboring countries  • Foreign trusts to face new disclosure regime in New Zealand  • Experts warn of overcapacity crisis in China's ports  • 6 militants killed in east Pakistan shootout  • China says ADIZ in South China Sea depends on threat  
You are here: 　 Home

Germany to fund Albania's development with 41.4 mln euros

Xinhua, July 13, 2016 Adjust font size:

Albania and Germany on Tuesday signed an agreement to fund the former's development with 41.4 million euros (45.7 million U.S. dollars) in the next two years.

The agreement was signed by Albanian Deputy Prime Minister Niko Peleshi and new German Ambassador to Tirana Susanne Schuetz and covers waste management, water supply, sewerage system and vocational education, Albanian Daily News reported.

Peleshi praised Germany for providing more than 1 billion euros (1106.1 million dollars) in the past 20 years of cooperation, adding that German contribution to Albania's reform agenda promotes the country's development and integration into the European Union (EU).

"Germany welcomes Albania's constructive role in the peaceful development and stabilization of the Western Balkans, as it was emphasized at the conference of the Western Balkan countries on July 4th in Paris," German Ambassador Susanne Schuetz said.

She promised that Germany will continue to support Albania's EU accession and reform drive. Endi