Sunday, 9th February 2025

Albania Grants Strategic Investor Status to Jared Kushner-Linked Firm

Luxury tourist resort planned on Sazan Island with €1.4 billion investment

The Albanian government has granted strategic investor status to a company linked to Jared Kushner, son-in-law of newly elected US President Donald Trump, for the development of a luxury tourist resort on the uninhabited Sazan Island, formerly a military base, Reuters reports.

The Strategic Investment Committee, chaired by Albanian Prime Minister Edi Rama, approved the proposal by Atlantic Incubation Partners to execute the project on a 45-hectare site, with an investment of €1.4 billion.

The project was deemed compliant with Albania’s strategic investment laws, with an anticipated creation of approximately 1,000 jobs.

Last year, Kushner revealed plans for tourist developments on Albania’s Zvernec and Sazan Islands, as well as a project in Belgrade involving the former General Staff building.

Revoz Set to Begin Production of Nissan’s Electric Pixo

Revoz, Renault’s Slovenian subsidiary, is preparing to launch the production of the revamped electric Twingo in 2026, but the...

Aleph Named TikTok’s Exclusive Sales Partner in Eastern & Baltic Markets

In a strategic move to further consolidate its presence in Central and Eastern Europe, TikTok has appointed Aleph as...

Volkswagen Leads Croatia’s Auto Market in January 2025

In January 2025, Volkswagen emerged as the leading brand in Croatia’s automotive sector, capturing a market share of 12.3%...

Croatia’s Industrial Shift Sees Fewer Jobs but Rising Productivity

Croatia’s industrial sector is grappling with unexpected challenges - while the number of jobs decreases, productivity continues to rise. According...

Slovenian Iskra Expands Footprint with New Factory in Bosnia and Logistics Hub in Serbia

Slovenian industrial giant Iskra is intensifying its regional footprint with a new manufacturing plant in Bosnia and a logistics...
spot_img

Connecting the Adria Region Decision Makers

The Region is more than a publication - it's where the region's elite converge for insights and opportunities