US foundation pledges $140 million investment in Albania’s tourism, educationBy AP
Thursday, October 7, 2010
US foundation pledges $140 million for Albania
TIRANA, Albania — A U.S.-backed investment corporation says it has raised $140 million to fund projects in tourism and education.
The Albanian-American Enterprise Fund says it will use the money for nonprofit ventures in former Communist Albania including entrepreneurship and eco-tourism.
The AAEF was started in 1995, with a $30 million grant from the U.S. government.
The Fund’s chairman Michael Granoff announced the new investment projects Thursday.
Tags: Albania, Eastern Europe, Europe, Small Business, Small Business Financing, Tirana