CEO Arrested, €4 Billion in Oil Sales Revealed, and Zero Profit Tax Paid to the Albanian State FIER/TIRANA, Albania (Tirana Times) — Albania’s largest oil producer, Bankers Petroleum, is at the center of a sweeping scandal that prosecutors say involves one of the most egregious cases of tax fraud and …

By Tirana Times Staff FIER/TIRANA, July 2, 2025 — In a stunning development that has shaken Albania’s oil sector, police arrested the current CEO of Bankers Petroleum, Chinese national Hongping Xiao, and the company’s former director, Leonidha Çobo, during a surprise raid on the company’s headquarters in Fier on Tuesday. …

 While Turning UK Migration Debate into Personal Stagecraft TIRANA TIMES — July 2, 2025 — A fiery public exchange between Albanian Prime Minister Edi Rama and British right-wing populist Nigel Farage has brought the issue of Albanian migration into the political spotlight once again — but this time with a …