IF THE EU required evidence of Albania's inability to
improve transparency and accountability in government and
business, then it need look no further than the fiasco
surrounding the recent attempt to privatise the country's most
valuable asset, state oil and gas firm Albpetrol.
In February, the Albanian government was forced to scrap the
tender for 100% of Albpetrol after it first had to invalidate
the winning bid from a consortium headed by local businessman
Rezart Taci because it failed to come up with a down payment,
then had to abandon talks with the second-placed bidder,
China's Win Business Petroleum Group, because, under the tender
rules, the bids had expired.
Minister of Economy, Trade and Energy Edmond Haxhinasto told
local television station Top Channel on 20 February that a
re-run of the tender would probably be held after the 23 June
Haxhinasto also denied any responsibilityon...