Confiscated property rentals generate ALL 180 million in 2026

Revenues from managing and renting confiscated property reached ALL 180 million in the first eight months of 2026, according to Risena Xhaja, head of Albania’s Agency for the Administration of Confiscated Assets.

Xhaja presented the figures during a hearing with the Committee on Citizen Initiatives, Cooperation and Institutional Oversight. She said the agency has improved transparency, asset management and cooperation with national and international institutions in recent years.

Meanwhile, the agency has published online catalogues of seized and confiscated assets. Citizens, businesses, institutions and organisations can access the information and apply to use or rent the assets.

Rental revenues have increased from ALL 79 million in 2023 to ALL 160 million in 2024 and ALL 221 million in 2025. The agency recorded ALL 180 million by August 2026 and expects further growth by year-end. Rental contracts also increased from 198 in 2023 to 284 in 2024 and 344 in 2025. The agency has signed 290 contracts so far this year and expects to renew 118 more by year-end.

Xhaja said the revenues go into a special fund that supports law-enforcement institutions and organisations. She added that the agency aims to place 50% of confiscated assets into social use as part of Albania’s European Union integration process. In 2026, the agency has allocated ALL 21.5 million and €1.4 million to institutions and made 15 immovable and around 50 movable assets available to them.

/a.p./

The post Confiscated property rentals generate ALL 180 million in 2026 appeared first on RTSH.

Original post Here

News
Teuta lead Albania’s Super League after fourth round

The fourth round of Albania’s Abissnet Superiore ended on Sunday with AF Elbasani beating Egnatia 2-1 at Elbasan Arena. Earlier on Sunday, Laçi defeated Vllaznia 2-0 at home. On Friday, Skënderbeu and Tirana drew 1-1 in Korça. Meanwhile, Dinamo City beat Partizani 4-2 in another Tirana derby on Saturday. Teuta …

News
Police assist two German tourists lost near Mount Dajti

Tirana police came to the aid of two German tourists who lost their way in the mountains behind Mount Dajti on Sunday evening. Police learned at around 20:15 that the two tourists needed help near Qafë Mollë. Officers from Police Station No. 4 immediately began searching for them. The officers …

News
Albania’s central bank governor and French economic official discuss stronger cooperation

Bank of Albania Governor Gent Sejko met Pierre Sentenac, the new head of the Regional Economic Department at the French Embassy, at the central bank. Sejko highlighted Albania’s close relations with France and described France as an important European partner. Sejko briefed Sentenac on recent economic and financial developments in …