Search results for: Albania

In South-Eastern Europe the adoption of LED technology is rapidly gaining momentum, primarily propelled by significant investments in infrastructure and extensive renovation projects across various sectors. This growth is underpinned by a rising recognition of the environmental advantages offered by LED lighting, alongside the attractiveness of cost-effective smart LED solutions that cater to residential, commercial, industrial and automotive applications

Due to the stringent regulations that formerly governed foreign investment in Romania, numerous multinational corporations have either bought out or formed joint ventures with local firms

Croatia has no significant fossil fuels reserves. For example, the share of oil reserves in Croatia relative to the world`s reserves is 0,004%, and natural gas 0,0124%. In terms of tons of oil equivalent, according to 2024 data, conventional proved reserves by fuel type were: 30,1% – oil, and 69,9% – gas

Reflecting a varied geological structure, Albania has a wealth of natural resources, including chromium, copper, iron/nickel, coal, oil, bauxite, phosphorate, asbestos, bituminous sands, pyrites and nickel silicate, as well as limestone, sands, marble, and clays

Industry 4.0, defined as smart manufacturing and supported by the Industrial Internet of Things (IIoT), is affecting entire global production, including Serbian industry. The fourth industrial revolution is relatively slowly (and with a serious delay compared to the most high-tech economies in Europe and the world) but steadily developing in the country according to local and international experts

Young entrepreneurs will gain access to finance and overcome the barriers created by insufficient collateral, limited credit history and lack of business experience

The Western Balkan governments bear the primary responsibility for speeding up the deployment of sustainable energy, improving energy efficiency, phasing out fossil fuels and ensuring an inclusive, bottom-up just transition planning process

Despite having an installed hydropower capacity of more than 22 GW, the region still has the largest remaining unexploited hydropower potential in Europe, as its river catchments have remained largely undeveloped

Ensuring a cost-competitive, secure energy supply in Albania can be achieved by further increasing the renewable energy share and diversifying the country’s electricity sector.

Because of its successful regional roll-out, combined with the growing interest in energy efficiency financing, the GEFF was increased from EUR 85 million to EUR 135 million, with plans to expand the programme further in 2022