Council of
Ministers approves reached agreements with Korea and Switzerland

February
26th, 2015

Council of Ministers took several decisions in the
last meeting on February 25, by approving several articles pursuant to “For the
establishment of treaties and international relations” law by the proposal of
Ministers of Energy, Finances and Transport.

With the proposal of Minister of Energy and Industry
and Minister of Finances, Council of Ministers decided the approval in
principal of the agreement reached between the Albanian Council of Ministers
and Swiss Confederation government for “The establishment of capacities in
developing gas infrastructure in Albania, II” project assistance grant, at the
amount of 6.6 ml EUR.

With the proposal of Minister of Transport and
Infrastructure and Minister of Finances, Council of Ministers decides the
approval of loan agreement reached between the Albanian government and
International Bank of Reconstruction and Development for “Project for the
maintenance and road safety based in results” project, a 65.9 ml EUR loan.

Pursuant to article 1000 of Constitution and articles
5 and 7, of law number 8371, date 9.7.1998, “For the establishment of treaties
and international agreements”, with the proposal of Minister of Economic
Development, Trade, Entrepreneurship and Tourism, the Council of Ministers
decided the approval of the agreement reached between Albania and the Republic
of Korea for economic cooperation.

News source/photo credits: Invest in Albania