financial assistance – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Thu, 10 Oct 2024 18:13:22 +0000 en-US hourly 1 Germany provides 93.39 million for development of Albania’s priority sectors https://en.ata.gov.al/2024/10/10/germany-provides-93-39-million-for-development-of-albanias-priority-sectors/ https://en.ata.gov.al/2024/10/10/germany-provides-93-39-million-for-development-of-albanias-priority-sectors/#respond Thu, 10 Oct 2024 17:48:57 +0000 https://en.ata.gov.al/?p=246258 TIRANA, Oct 10 /ATA/ –  A 2024-2026 Cooperation Protocol on development of Albania’s priority sectors was signed in Berlin, setting a milestone in the 36-year German-Albanian collaboration, German Embassy in Tirana announced on Thursday.

New financial commitment of 93.39 million euros, including 33.39 million euros in grants, and 60 million euros in low-interest loans, or 22% more compared to the period between 2022 and 2024, will be provided under the agreement or a wide range of topics from energy and climate, sustainable economic development and vocational training.

The financial support will also support the technical process of aligning national legislation with the EU acquis in framework of European integration, energy, infrastructure, tourism and agriculture/

“In these difficult times with tight budgets and global crises, Germany is increasing its support for Albania compared to previous years! With this we want to set an example: We honor the reform progress the country has made and stand firmly at the side of our valued partners in the EU accession process,” the Embassy said.

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