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Albanian Times, April 24, 1996

From: Albanian Times <AlbaTimes@aol.com>

The Albanian Times (by AlbAmerica TRade & Consulting International) Directory

CONTENTS

  • [1] Albania Grants First Investment Fund Licence

  • [2] Five Killed in Kosova Shootings

  • [3] Trial of Ex-Communist Officials Resumes

  • [4] Albanian Media Institute Inaugurated


  • [1] Albania Grants First Investment Fund Licence

    LONDON, April 23 - Albania has granted its first investment fund licence to the Anglo-Adriatic Investment Fund, which is now offering to manage investments both for holders of Albanian privatisation vouchers and strategic international partners and merchant banks in Albania's privatisation process. Mr Declan Ganley, Anglo-Adriatic chairman, says the fund, in which Ganley International owns the majority shareholding and Rothschild Emerging Markets 10 per cent, will serve as a catalyst for foreign investment in Albania. The fund, Mr Ganley says, will offer holders of privatisation vouchers, which are now traded on the street for some 13.5 per cent of their value, a way to manage their holdings and have more leverage over their investments. With a reported 16 per cent increase in GDP for 1995, Albania is one of the fastest growing economies in eastern Europe. Mr Ganley says there is much interest in investment in its privatisation process from major foreign investment houses and merchant banks, especially in the areas of electricity, telecommunications, mining and tourism - some of which have yet to be included in the country's privatisation process. (Courtesy of Financial Times, April 23, 1996)

    [2] Five Killed in Kosova Shootings

    BELGRADE, April 23 - The Serbian interior ministry said on Tuesday ``armed terrorist'' attacks killed five people and wounded five in a spate of shootings in the predominantly Albanian province of Kosovo. Serbian and Albanian political leaders charged each other with using the shooting incidents to inflame already tense ethnic relations in the southern province. The ruling Socialist Party of Serbia said the attacks ``confirm that the Albanian separatist movement has opted for terrorism... thus precluding a peaceful solution to the existing problems in Kosovo.'' The pro-independence Albanian Democratic League of Kosovo (LDK) accused Serb authorities of exploiting the incidents to impose ``fresh state sponsored violence and terror'' on the province. The state Tanjug news agency said unknown attackers sprayed the only Serb restaurant in the town of Decan with machinegun fire on Monday night, killing two Serbs and wounding one. In another incident, Tanjug reported that two policemen were wounded when their patrol car was shot at in Pec. The independent Beta news agency said a police officer was fatally wounded outside his police station in Stimlje, and another patrol car was attacked in Kosovska Mitrovica, killing a woman prisoner and wounding one officer. On Tuesday, an estimated 10,000 ethnic Albanian women staged the first demonstration in almost four years in Kosovo, protesting the shooting of a 20-year-old man who died on Sunday. They gathered at the site of the shooting in Prishtina. According to the Beta report, the women lit candles and laid flowers at the spot where Armend Daci was shot by a Serb civilian. It was the first demonstration in Kosovo since some 300,000 people protested over the closure of Albanian schools in 1992. In the past, Albanian leaders had decided against organising demonstrations, citing a heavy Serbian police presence. Political analysts and diplomats have warned that Kosovo is potentially the most explosive unresolved issue in the Balkans, that could lead to another major war. Independent human rights groups say Kosovo Albanians are heavily repressed in what they describe as a Serbian police state. Diplomats say a political solution to ethnic divisions in Kosovo is essential for lasting peace in the Balkans. (Courtesy of Reuters)

    [3] Trial of Ex-Communist Officials Resumes

    TIRANA, April 23 - A Tirana court resumed the trial of former communist officials Qirjako Mihali, Sulejman Bushati and Pirro Kondi, accused of ordering internments of Albanian citizens while in office. The former officials, who have served as first communist party secretaries in Tirana and other districts, were confronted with dozens of witnesses who brought detailed evidence of their sufferings as a result of internal exile. The prosecutor asked for more witnesses to testify in court, in an attempt to present a more solid case against the defendants. If convicted, the three former officials may face up to 15 years in jail or death penalty. The session adjourned for May 2, to allow for more witnesses to appear in court. A trial opens in Tirana Wednesday against another group of former high officials accused of crimes against humanity. Among the defendants are former president Haxhi Lleshi, former chief prosecutor Rrapi Mino and former chief judge Aranit Cela. The ongoing trial against a third group of former communist officials - Prokop Murra, Muho Asllani, Gaqo Nesho, Foto Cami, Zef Lokaj and Dilaver Bengasi resumes in Tirana Monday. (Albanian Times)

    [4] Albanian Media Institute Inaugurated

    TIRANA, April 23 - Albanian Media Institute was inaugurated Monday in Tirana, a project operated on a grant by the Danish government. The main partner of the Institute will be the Danish School of Journalism, which will be offering equipment, lecturers and training courses for the Albanian journalists. Albanian partners of the Institute are the Albanian Journalists League and the Professional Journalists Association. (Albanian Times)


    The material was reprinted with permission of AlbAmerica Trade & Consulting

    International. For more information on ATCI and the Albanian Times, please

    write to AlbaTimes@aol.com

    Copyright (c) ATCI, 1996

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