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I think some more doors have opened for them as far as the stock opportunity making it more valuable
Who knows what there thinking
Another example
The SPAC Anghami is merging with is Vistas Media Acquisition Company which is led by F. Jacob Cherian and co-founders Saurabh Gupta and Abhayanand Singh. Vistas had gone public on Nasdaq about six months ago in a $100 million IPO. Anghami as a result of the deal will become the first Arab technology company to list on Nasdaq (New York) and will trade under the symbol ‘ANGH’.
https://www.menabytes.com/anghami-spac-ipo/
More Opportunity for massive growth, Ive been looking for UAE companies that list in USA also It's starting to happen
Abu Dhabi's stock exchange submits SPAC framework proposal -statement
DUBAI, Nov 9 (Reuters) - Abu Dhabi has proposed a regulatory framework to allow the listing of blank-cheque companies, potentially opening the door to a slew of Gulf-focused deals involving special-purpose acquisition companies (SPACs).
The proposal led by the Abu Dhabi Securities Exchange (ADX) and the Department of Economic Development has been submitted to the Securities and Commodities Authority, the ADX said in a statement on Tuesday.
The move would allow SPACs to publicly list, it said, while the framework would also open up sponsors outside of the United Arab Emirates to apply for approval to list their SPACs on the local exchange.
A burgeoning dealmaking instrument, SPACs raise money to acquire a private firm with the purpose of taking it public, allowing the target to list more quickly on share markets than via traditional initial public offerings.
Abu Dhabi-headquartered Anghami, the Middle East's rival to Spotify, earlier this year announced it was merging with a SPAC, with a planned listing on the Nasdaq exchange, after achieving the valuation it was looking for.
Abu Dhabi's Brooge Petroleum and Gas Investment Co (BPGIC), which operates an oil storage and service business, also used the technique to list on the Nasdaq in 2019.
Here you GO
bpgic.com
Stock price: BROG (NASDAQ) $9.19 +0.13 (+1.43%)
Nov 8, 4:00 PM EST - Disclaimer
Headquarters: United Arab Emirates
https://www.reuters.com/world/middle-east/abu-dhabis-stock-exchange-submits-spac-framework-proposal-statement-2021-11-09/
Huge opportunity for dual listing IMO
Dubai to Encourage IPOs From Private Firms to Revive Market
By Shaji Mathew +Follow
November 7, 2021, 12:50 AM EDT
Updated on November 7, 2021, 5:32
Dubai plans to encourage private and family-owned businesses to list on its stock market as the business hub seeks to catch up with Abu Dhabi and Riyadh in the Middle East IPO rush.
The city merged its economic and tourism departments on Saturday, and one of the new entity’s main tasks is to prod private and family-owned businesses to sell shares on the Dubai bourse, according to a statement.
On Sunday, the United Arab Emirates’ market regulator said it signed a pact with the Dubai Airport Free Zone Authority to enable companies operating in Dafza to offer their shares to the public. The free zone is home to more than 1,800 registered businesses from over 20 sectors and industries, and is not part of Dubai International Airport, according to information on Dafza’s website.
In the past week, Dubai has made a series of moves designed to attract listings to the city and catch up with regional rivals that have drawn billions of dollars over the past year. That included overhauling the board of the local stock exchange and plan to list state-owned utility DEWA -- one of 10 planned over the coming months.
Some of the well-known private firms and family-owned businesses in Dubai include Majid Al Futtaim Holding, the operator of Carrefour SA stores in the Middle East, and Al Khaleej Sugar Co., owner of the world’s largest port-based sugar refiner.
It’s all foreign money support
For energy projects
According to the public investment program, received in the Assembly for discussion in the Assembly, a total of ALL 100 million will be spent for this project. The financing will be done from foreign funds, while with its own funds the government does not plan any investment in the energy sector.
Meanwhile, in relation to the 2021 budget, the budget support towards investments in the energy sector marks a significant decrease, given that this year it reached the value of ALL 250 million.
However, despite the forecasts, investments are currently suspended, through the decision taken on October 8 by the Council of Ministers to declare a state of emergency in electricity supply.
Meanwhile, in total, the budget support for the entire energy sector for 2022 reaches the value of about 3 billion ALL, marking a slight decrease compared to this year's budget, which reached the value of 3.1 billion ALL.
Capital expenditures for 2020 are planned to reach ALL 2.98 billion, most of which, more specifically ALL 2.78 billion, are foreign financing. Meanwhile, current expenditures amount to 55.5 million ALL.
The report that accompanies next year's draft budget to the Assembly also gives an overview of the sector, where the biggest problem belongs to OSHEE, which is facing high costs for energy purchase.
According to the report, OSHEE Group predicts a financial loss of about ALL 8.9 billion for 2021 and if no immediate measures are taken, 2022 will mark a financial loss of about ALL 7.2 billion./Source
https://acp.al/news/12463/Qeveria-akordon-100-mln-leke-per-rehabilitimin-e-HEC-Fierzes/?fbclid=IwAR1SYQGV8rOw3XkIUd6FwTALWiJkSNvv5u1SV-A_bYRB8s63o5ZHoLfpdIU
They cant get there energy exchange started
200 million aid weighs OSHEE" / Experts: Electricity exchange should have been created
This plan guarantees unchanged energy prices for households and small business as well as uninterrupted electricity supply in the country.
Featured image of article: "200 million aid weighs OSHEE" / Experts: Electricity exchange should have been createdIllustrative photo
October 10, 2021 8:08 PM
The Council of Ministers has declared a state of emergency. To cope with this emergency, Prime Minister Rama announced a three-point plan, which will cost the budget 200 million euros.
This plan guarantees unchanged energy prices for households and small business as well as uninterrupted electricity supply in the country. For expert Lorenc Gordani this cost to the budget is an alarm bell for a profound reform in the energy sector. Albania should no longer provide energy unplanned, but with long-term contracts:
Lorenc Gordani: “The energy market does not function with public procurement or auctions. It operates all over Europe with energy exchanges. "If we had a stock exchange, whether national or regional, we would have maximized the profits from the sale of energy, while in this scheme where we are, we will remain infinitely forced to cope with market fluctuations."
Due to the emergency the government has also asked the three public companies OSHEE, KESH and OST to stop their investments.
Expert Gordani says that this can bring a cost to citizens, indirectly:
Lorenc Gordani: “Significant investments will not be made in two directions, for the maintenance and development of the network. We need to understand that OSHEE needs to invest 50 million euros per year, to reduce network losses by 1%. These investments will no longer be made and the network losses in Albania are among the highest in Europe. These losses are all billed to the citizen by the distributor. ”
For more, be part of the most viral group on Facebook, Dosja.al
The crisis that has gripped the globe is not yet predicted how long it will last, while energy product prices are not expected to return to the levels they were.
Government emergency plan
1. Ensuring uninterrupted supply
2. Protecting households and small businesses from rising energy prices
3. Guaranteeing the means to purchase energy.
Fund: 200 million euros
https://dosja.al/ndihma-200-mln-rendon-oshee-ekspertet-duhej-te-ishte-krijuar-bursa-e-energjise-elektrike/
Thanks future for looking
3rd time a charm?
Continued pressure to cancel smaller projects in the country,They Just want the bigger projects and don't want to deal with the environmental distributions with the smaller ones also.
But they never established there Alpex trading platform either or I havent heard much about that for trading electric except talk for the last 5 years
U.S. 'pink sheets' in shakeup as securities regulator looks to stamp out fraud
By Michelle Price, John McCrank
6 Min Read
https://www.reuters.com/article/usa-sec-pink-sheets/u-s-pink-sheets-in-shakeup-as-securities-regulator-looks-to-stamp-out-fraud-idUSKBN2GJ0TS
WASHINGTON/NEW YORK (Reuters) - As many as 2,000 companies could disappear from the off-exchange “pink sheets,” long a favorite of retail investors, when a new rule aimed at stamping out fraud in this notoriously risky enclave of U.S. equities markets comes into effect next week.
The Securities and Exchange Commission (SEC) rule boosts investor disclosures by requiring off-exchange issuers, frequently penny-stock companies that do not meet the main exchanges’ listing standards, to make accurate, up-to-date financial information publicly available.
Due to a loophole in the current rules, around 2,000 of the roughly 11,000 companies quoted on the Pink Market operated by New York-based OTC Markets Group do not publicly provide such information.
OTC Markets has been trying to spread the word and encourage companies to get their paperwork in order, but it was still unclear how many would do so in time for the Sept. 28 deadline, if at all, said Daniel Zinn, the company’s general counsel.
The market operator may have to remove, if only temporarily, between 1,000 and 2,000 stocks from the Pink Market, he estimated, meaning broker quotes will no longer be available to investors via online retail broker platforms.
The shakeup, which comes amid a boom in retail trading, has led some brokers including Charles Schwab/TD Ameritrade and Fidelity to bar new purchases in affected stocks, causing consternation among retail investors unsure of whether to bail out or stay the course in the hopes that the companies comply.
While customers will be still able to sell their shares after Sept. 28, brokers have warned of severely limited liquidity, which usually means investors get a bad deal. Investors still keen to dabble in companies that have not complied may have to call up their broker for a quote.
The rule will also apply to some government and corporate bond issuers, leading industry lobby groups to warn this week of potential disruption to that critical funding market.
Overall, the new rule is likely to increase the cost of trading these companies, said Zinn.
“We’re in agreement with the SEC’s goals of providing as much disclosure as possible,” said Zinn. Some companies, however, prefer not to provide public financial data for a number of legitimate reasons, or may be unable to, he continued.
For example, some companies may not want to incur the legal cost of providing compliant paperwork, while others may not want to promote trading in their stock.
“In those circumstances, no quotes at all may lead to more harm than help for existing investors,” said Zinn.
The SEC did not respond to a request for comment.
The Pink Market is home to an array of issuers, including reputable foreign companies seeking a gateway to the United States. But some are highly risky and volatile penny-stock companies in distress, delinquency or which are simply shells.
The SEC has warned that the off-exchange market, more broadly, is rife with fraud and manipulation.
Under the SEC’s previous rules, broker-dealers had to review a company’s financials before providing quotes in its stock on the Pink Market, unless another broker-dealer had already vetted them. That was the case even if the initial review happened years ago and the company had since stopped publishing financial information. The new SEC rule ends that exemption.
“Companies are on notice to provide a certain level of transparency for their investors or they can’t be easily quoted. That’s a good thing,” said Georgetown University professor Jim Angel. “The problem is what about the companies that choose not to disclose? Their shareholders are being punished for the actions of the companies.”
‘SHOW ME THE MONEY’
A new wave of amateur investors has piled in to penny stocks over the past 18 months, trading on low or no-fee retail broker platforms and hyping up their positions on social media.
In August, there were 601.1 billion transactions on penny stock markets tracked by the Financial Industry Regulatory Authority, a 130% jump compared with a year earlier, but down from a peak of 1.9 trillion transactions in February.
Of the stocks affected by the new rule, the most popular among investors in trading forums like Stocktwits and WallStreetBets include the shell companies liquidating defunct retailers Blockbuster and Sears.
China’s Luckin Coffee Inc, which last year de-listed from the Nasdaq following an accounting scandal, is among the most actively traded on the broader Pink Market, OTC Markets data shows.
Worried by broker warnings and blaming a decline in their stock holdings on the impending rule change, some retail investors have taken to social media to share their anxiety and glean gossip as to whether companies will comply in time.
Executives from several affected companies have reassured investors on Twitter that the paperwork is coming. For some thrill-seekers, those pledges are another buying opportunity.
“Let’s go, last day to buy,” one Stocktwits user going by the handle LASPit wrote on Aug. 27 before their broker began restricting purchases in cannabis producer CannTrust Holdings Inc, which is mired in a legal battle over regulatory issues.
“We are all in it till the bitter end now, no turning back! ... Please show me the money at the end of this!” a user with the handle gottamakedatmoney replied.
Sara Falaknaz is former Chief Innovation Officer of DP World Plc.
She didn't turn in her required filings and was released from the company Ha Ha just kidding
A PLC company just selling bonds is this PSPW future a PLC merge
https://relationshipscience.com/person/sara-falaknaz-163868484
That was a postponed and rescheduled
For this October
Well looks like expo 2020 starts in 25 days what a great time for PSPW UAE controlled group to unleash something,
Opportunity
There’s a ripple effect in everything we do. Even one person can be the key to unlocking eight billion opportunities that can help individuals and communities create a better tomorrow, today. It’s time to unleash the potential within and be an agent of change.
https://www.expo2020dubai.com/en/understanding-expo/opportunity-district
I bought 100 today Td Ameritrade
I Just looked deeper into the trade activity, Surprise, TD routed it through ETRADE
Mine also and I received notice, That's why I thought I would test it, They made the trade but still have not gave me the shares
Just testing the brokers, Its weird they have not posted the shares to my account but made the trade
I bought 1K share's through TD
Well etrade will be the last broker that will allow buyers no fidelity no Td Ameritrade
No interactive brokers. How will this effect stock price if they start coming current on filings
Hope so I listened to that taped conversation with Julia again and it was not bad till the end and she started talking about the stock and the news coming to watch the website in a couple weeks and it would be good for the stock. I would assume that caused problems
I’m guessing but I think they shut that office down with people getting new jobs
No idea about Singapore but one guy that sold a lot of shares back to falak was staying over there probably unrelated
I thought this was interesting about the upcoming website
www.3power-energy.com/
3POWER-ENERGY.COM - History of Changes
The Albanian office was removed
2019-03-27 delete phone +355 4 22 000 06
little over 3 months from the recorded interview with Julia
Web IP source was deleted that tracked back to Singapore
2019-03-27 delete source_ip 182.50.130.117
https://www.aihitdata.com/company/01C25D02/3power-energy-com/history
True story, a local man I knew who passed had developed quite a reputation on his dealings, I heard comments of how after a group he was with had eaten dinner he would go back and pick up the tips on the table along with many other constant questionable dealing with the community.
When I have been drinking coffee with groups in the morning over the last several years his name has come up a couple times and it’s always the same comments about him and how he conducted himself.
Things we do in life will alway be remembered sometimes it hard to see that in the daily grind. So all we can is do what you feel is right.
Falaknaz family has a reputation to hold onto at this point IMO. Either way he can do what he wants, but it will not be forgotten, and we must stay together as a group to make sure that it is told.
A website to look at. If you can figure out who it is
STRATEGIC VISION:
We are an established group of alliances with successful experience and expertise in providing corporate services and business advice to clients in Europa, Africa, the Middle East, Asia and the Far East. Our three major business dimensions are:
Irish and International Company Formation Services, supported by our experienced company secretarial service team
Business Consultancy and Risk Management
Project Consulting
https://europainternational.ie/
The book War dogs. True story this was former Prime minister Bersha son the Balkan gunrunner that supplied. Also made into a movie ??
Part of reason they are black listed from entering USA , three young stoners from Miami Beach won a $300 million US Government contract to supply ammunition to the Afghanistan military. Instead of fulfilling the order with high-quality arms, they bought cheap Communist-style surplus ammo from Balkan gunrunners. ..
Just rules they have to follow sorry you didn’t get in
“Basic” means the amount of common shares currently issued…. 590,989,409.
“Diluted” means, the number of common shares that would be in issue if all debt and all preferred shares were to be converted into Common shares. This number fluctuates from quarter to quarter depending on the closing bid price on the last day of each quarter. The higher the closing bid price is, the lower the total diluted number will be.
Ahead of the regulatory enforcement date, we will only accept orders to liquidate positions (i.e. no new buy orders) starting August 13, 2021. After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.
You are receiving this notification because you currently hold one or more of the impacted securities in your account. We're including the list below but be aware that it may not include all of your impacted securities. There is also a chance that the impacted companies could come into compliance with the regulatory requirements ahead of this date and be removed from the list. For a current list of all securities (which is subject to change)
Golloshi knows the website has articles with porn affiliated with his name, It was mentioned that the website is all garbage and nothing to do with there projects
From Shala River to Sotira Waterfall, favorite destinations for different entertainment
Albania has a high natural diversity within its territory. But, only in recent years the attention is being directed beyond the sea and cuisine and every day more and more is being "discovered" the other Albania. Some of the favorite destinations that are returning to the current trend are: Kurvelesh Province; Sotira Waterfall; Shala River; Cyclops Eye (4 km below Krraba); Erzeni Canyons; Lake Bovilla; Brari Bridge (at the entrance of Tujan Staircase where Tujan Castle is located); Pëllumbasi Cave; Sleeping Beauty (cave near the source of Drini i Bardhë), Grama Mirrors (on Grama Mountain, near the village of Sllovë), Hiking in Lëpushë and Vermosh, Malësi e Madhe; Kayak in the lakes Ulëz-Shkopet, Mat; Exploring the Pëllumbasi cave, Tirana; Caravan with mules towards the sacred mountain of Tomorri, Berat; Riverhiking and exploration of Osum Canyons, Skrapar; Rafting on the wild river of Vjosa, Përmet; Double flight in Llogora, Vlora; Walking towards Krorëz and snorkeling, Himara.
Kurvelesh Province
The province of Kurvelesh has a total area of ??about 70 km. It is a mountainous area, built mainly of Cretaceous limestone rocks and partly of flysch, with high and rugged relief in most of it, which in the Upper Kurvelesh takes on the character of a plateau very fragmented by streams with beds of deep and narrow gorges in the form of canyons (up to 150 m deep), cliffs and abysses (as in Nivica, Lekdush, etc.).
Sotira Waterfall
One of the pearls of nature has started to be explored by local and foreign tourists. Sotira Waterfall is located about 22 kilometers away from Gramsh and to reach the waterfall area you have to walk about an hour from the village Sotira from where it got its name waterfall.
To the northeast of Tomor, lies the large spring that comes from a longitudinal crack in the steep limestone. The height of the water drop varies from 5 meters to 20 meters high. The landscape of the slope where the water comes out, between the forests and the oak trees, is wonderful. The sound of water can be heard far away.
Shala River
The Shala River originates at the foot of the Albanian Alps. It is 37 km long from the source at the top of Radohina to Dri, it springs at the source of Shtraza at the top of the village Theth, at the foot of the top of Radohina, from where it descends down through the valley of Shala, from Thethi, Ndërlysa and Musha, from Breg-Lumi to Porta e Shalës (Gorge of Rrshqëm), through Lotaj and in the valley of Shoshi, until its discharge goes to Lesniqe in Dri (today Lake Koman). The Shala River is rich in a variety of fish, but the most widespread is trout, which grows only in freshwater. The cool blue color of the water is characteristic of this river, the steep cliffs that surround it, seem to touch the sky by hand. There is a rare beauty in the Shala River, which is hard to say in words.
The Eye of the Cyclops
The Eye of the Cyclops, or as it is otherwise called the Cyclops Trail, is located about 4 km below Krraba, in the village called Skëterrë, in the valley of the river Erzen. It is about 20 meters wide and 120 meters deep like a gem hidden in the gorge of Krraba.
A small abyss sits at the bottom of the Krraba rocks, and below it is a lake of emerald water, which is said to be the place where the beast breathed and behind it remained a heart-shaped lake.
Erzeni Canyons
These canyons are located along the course of the river Erzen. The water of this river flowing in a rocky terrain over the centuries has created spectacular canyons. The crystal clear water and the depth of the canyons create opportunities for bathing or swimming. In the part where the river has a break of about 10 meters a waterfall has been created inside a cave. In front of the waterfall at the canyons there are bathtubs which, in the hot season, are used for bathing and sunbathing. To get to these canyons, follow the road that leads to the Pëllumbasi Cave, as they are located below it on the Erzen River. The Erzeni River is 108 km long, with a flow of about 102 l / sec. Erzeni Canyons are a good choice for any adventurous soul. Their nature has thought of everything.
Lake Bovilla
Bovilla is located in an area of ??wonderful natural beauty and Lake Bovilla, from which a large part of Tirana receives drinking water, is included in the itinerary of several tour operators and groups that organize nature trips.
This is probably the closest area to practice the sport of rock climbing in the capital region.
Brari Bridge
Brari Bridge is located near the village of the same name, east of Tirana, 7.6 km from the center of Tirana. It is the first trail of the road at the beginning of the Tirana Highlands at the entrance of the Tujan Staircase where the Tujan Castle is located (late antiquity). The bridge is built only by an arch, at the junction of which the cobblestone of the bridge rises in the form of a ridge with a slope on both sides. The arch supports are placed on rocky shores that rise quite high from the river bed.
Pëllumbasi Cave
The Black Cave of Pëllumbas is located on the rocky heights of Mount Pashkashesh. About this cave and its location until a few years ago no one knew about it, except the locals, but even from them had rarely visited. Referring to the geographical position, the Black Cave of Pëllumbasi is located about 350 meters above sea level.
sleeping Beauty
Radac Cave, or as it is called "Sleeping Beauty", is located near the source of Drini i Bardhe, close to 11 kilometers from the city of Peja. The entrance of the cave is oriented from the northeast, at an altitude of 578 meters.
The cave was created mainly by the flow of the Drini i Bardhë, which once passed through these corridors, but over time the water has changed its flow and the water no longer passes. As a result of the slow flow of water, baths have been created, which at the same time represent the most special part of the cave.
Grama Statements
They are located on Grama Mountain, near the village of Sllova, 1900 meters above sea level. It is a large stone with a gypsum composition of selenium type, which shines. That is why it got the name "mirrors". It is up to 500 meters long, up to 200 meters wide. They have scientific, didactic and cultural values. It is visited, taking the road Peshkopi - Slovo and then continues on foot to the monument.
Hiking in Lëpushë and Vermosh, Malësi e Madhe
In Kelmend is a valley of glacial origin, at 1,100 meters above sea level. On both sides of the valley are mountain slopes covered with forests and pastures. There are 45 peaks over 2,000 meters high, each with its own name. The vegetation consists mainly of beech trees and firs. It is known for its landscapes and snowfall that lasts about 100 days each year.
Kayak in the lakes Ulëz-Shkopet, Mat
Ulza Regional Natural Park is located not far from Tirana, about an hour and a half by car and kayak can be done by all people who love water and love nature and greenery. In addition to fresh air, what attracts visitors is natural and fresh food. The lake fish, as well as the dairy products of the cattle grazing around, give the lunch the typical taste of the area.
Exploring the Pëllumbasi cave, Tirana
The Black Cave, also known as the Pëllumbasi Cave, a natural monument (650 meters above sea level), is considered one of the rarest karst caves and prehistoric settlements in Albania.
The skeletons found in this cave, according to the Museum of Natural Sciences at the University of Florence, belong to the cave bear (Ursus Speleaus), who lived 400,000 to 10,000 years ago. Across Europe, there are only five such caves.
Caravan with mules towards the sacred mountain of Tomorri, Berat
If you want to visit one of the most magnificent mountains of Albania and experience the blessing and harmony from the shrine of the gods, mastering a view of the whole horizon, join the mule ride to Mount Tomorri. During the ancient and medieval period and in romantic literature, this mountain is imagined as the Olympus of the Albanians and the home of the mountain fairies, the Oracle that foretells the future of the nation.
Riverhiking and exploration of Osum Canyons, Skrapar
Visit the Osum Canyon, one of the most spectacular natural attractions in Europe, swimming in a natural pool surrounded by the canyon’s unique and green ecosystem. Walk along the banks of the Osum River, through an unspoilt landscape of Mediterranean forests and plants. Visit interesting places like Cathedral, Love Waterfall, Devil's Gate, Crocodile Head and experience the feeling of being a movie character Avatar, King of the Rings and Tarzan.
Rafting on the wild river of Vjosa, Përmet
Help preserve the biodiversity of the Vjosa River by experiencing rafting in the small and beloved town of Përmet. The Vjosa River, one of the last flowing rivers in Europe, across 270 km is wild, unpolluted and adorned with beautiful canyons, small islands and crystal clear water. To relax in the evening, you can visit the Benja Thermal Baths and climb the Langarica canyon where you can relax and swim in their natural waters.
Double flight in Llogora, Vlora
Llogara National Park is the place with the most beautiful landscape for double flight. Near the Llogara Pass there are many interesting trees and crown shapes, as a result of the tides and the wind. A great example is the "Pine Flag", a rare natural monument with scientific and tourist values. This park has attractive landscape and characteristic areas with dominant points. Its vegetation consists mainly of conifers such as black pine.
Underwater diving in Saranda
Few other countries in the world can have such an unexplored coastline. Here you can see an Italian transport ship, sunk 300 meters from the bay of Saranda in 1944. This is a 120 meter ship. Divers can explore this ruin at depths of 4 to 21 meters. No current. Visibility 8 - 12 meters.
Walking towards Krorëz and snorkeling, Himara
Lukova is a small, traditional village with wonderful beaches and blue Turkish waters. When you arrive, you will start a relatively easy walk to one of the most beautiful beaches in the area, Krorëz. Opportunity to see what this unspoiled harbor has to offer; exploring crystal clear waters with snorkeling.
Cycling in Korça
Cycling is one of the most tempting alternatives that Korça offers. It's time to discover the magic through 19 itineraries, 864 kilometers of pedaling in the city and through fertile agricultural fields, stunning lake shores, breathtaking peaks and picturesque landscapes to remember. You will stop in the tourist villages where it is not wrong to give in to the temptation to try some more wine or brandy, while quenching your hunger with the best tastes of local cuisine.
https://www.monitor.al/nga-lumi-i-shales-te-ujevara-e-sotires-destinacionet-e-preferuara-per-argetimin-ndryshe/
50 million USD project: The works for Thethi are resumed, almost the intervention in Golem
23-06-2021
The World Bank announced in the last review of the project "Interconnection of Local and Regional Roads" that the works have not progressed equally in all segments.
In some it has advanced well and in others there have been delays that in some cases have been billed due to weather conditions and in others procedures or problems encountered during implementation. The project has a support from the Bank in the amount of 50 million dollars and has started in 2018 while its closure is scheduled for December 31, 2022. But what is the general situation in the road segments covered by the project. According to the mission, the rehabilitation and construction of the Pogradec-Tushemisht road has been completed in Pogradec. The Albanian Development Fund (ADF) has provided the documents for the consent of the persons affected by the project as well as their compensation. The asset, which has already been tested, has been handed over to the Municipality of Pogradec. In Shkodra, the reconstruction of Qafë Thore - Rruga e Thethit was suspended during the winter.
The pending works mainly consist of asphalt paving and additional road elements (barriers, road signs and signs) which due to the winter weather and the height where the road passes, were impossible to perform and will be implemented during the summer. The ADF reported to the bank that the contractor has maintained the road in good condition for the passage of tourists (winter tourism) and enabling access of local communities to administrative, health and educational centers. The Mission notes that the ADF and the Supervision Consultant have not applied for a postponement of the contract termination date to reflect the suspension of works and should take immediate action.
In Tepelena, the reconstruction of the Bençë-Lekdush road has been completed in the main part (more than 90% physical progress). Finished works contract payments are at around 50%, due to the contractor's delay in submitting the documents, which affected the overall level of loan disbursements. Furthermore, this contract is already beyond the initial completion date (end of April 2021) and both the ADF and the Supervisory Consultant have not reported, and / or decided, whether the intention is to extend the completion date, or to start applying for Liquidated Damages.
The Bank also reports on the progress in the procurement and award of new Civil Works contracts in the review report. “In 2020, the Bank's missions agreed with the ADF to include three more roads in the civil works procurement package. First Roskoves-Poshnje road (Berat municipality), (ii) parts of Plepa-Golem service road (Durrës), and (iii) construction of a new bridge (replacement of the old bridge) as part of the implementation of audit recommendations road safety ”is stated in the WB document. At the end of May 2021 the situation regarding these projects is as follows. In Roskovec-Poshnje the tendering process has been completed, the contract has been signed and the contractor is being mobilized for implementation.
The ADF has also confirmed that there have been no expropriations related to this road. Service routes Plepa - Golem. Following the completion of the detailed projects and bidding documents, the ADF is planning to complete the procurement and evaluation by June 30, 2021. The design of this road has included, inter alia, safer traffic access to / from the service roads to the highway main between Durrës and Kavaja and easier communication between the villages in the upper part / agriculture as well as the areas with tourist and recreational points of the coastline.
It is not expected that there will be expropriations for the project, while the ADF documents also address the issue of the Golem railway station located next to the right of the road (ROW). The third is the bridge between Fier and Seman. After the completion of the projects and tender documents, the ADF is planning to close the procurement and evaluation by June 30, 2021. The construction of this new bridge according to the WB is important not only to replace the old, depreciated in the section of Fier road -Seman, but also to improve safety for road users./Source: Monitor
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