EU-Albania.

Properties) is in advanced discussions with Greek banks and private entities for the acquisition of mainly tourism but also commercial properties. The value of such investments may reach up to 300 million euros according to the latest information from company sources. The ongoing negotiations are focusing on the acquisition of tourism properties on the Cyclades islands and Crete, as well as investments in Athens. London & Regional Partners is a strategic investor with a very long-term approach. Nikos Konstantinidis, the manager of L&R Properties, says that as a privately owned company it is able to take positions which return profits over the long term, in contrast to many international funds which, to a large extent, pursue shorter-term gains. London & Regional Partners recently purchased the Amathus Hotel on the island of Rhodes for 30 million euros and is in the process of

Federica Mogherini, the EU’s foreign policy chief, and Enlargement Commissioner Johannes Hahn have urged the new Albanian cabinet to continue the reform process. “The continuation of the justice reform and the fight against drug trafficking and cultivation will be of particular importance in this respect,” their statement said. Prime Minister Edi Rama has pledged that his new cabinet would work hard on a reform agenda to root out corruption and fight drug trafficking, achieve faster economic growth, improve pay and lower unemployment. The nation of 2.9 million, a NATO member since 2009, received EU candidate status in 2014.