Announcements and Updates
AATDA Advisory Board Member Edna Boorady Passes; She “Turned Off
The Lights” at U.S. Embassy with Hoxha Regime
AATDA morns the passing of its distinguished board member, Edna A.
"Betty" Boorady, 87, of Dunkirk, NY, who died Wednesday morning
(Nov. 5, 2008). She was born on March 13, 1921 in Dunkirk, the
daughter of the late Albert and Tamam (Mosey) Boorady.
Miss Boorady left for Washington, DC, in 1941. She was the first
woman to direct an overseas mission in the history of the U.S.
foreign aid program, and later served as the director of the Agency
for International Development's Office of Personnel and Management.
She began her federal career in the Office of Price Administration
and in 1944, became assistant and principal aide to the chief of
mission to the UN Rehabilitation and Relief Administration's mission
US Government broke relations with Albania shortly after Enver Hoxha
assumed leadership. Edna, being a US citizen but working for the UN,
was literally given the keys to our US Embassy to use the facility
if her and the other Americans needed it or to close it. Shortly
after the US embassy staff departed, the UN also evacuated leaving
Edna the last US citizen to “turn off the lights” at the US Embassy
click here for more.
IMF Executive Board Review Concludes Albania’s Economic Performance
On July 28, 2008,
the Executive Board of the International Monetary Fund (IMF)
announced that it had completed the fifth review of Albania's
economic performance and financing assurances under the three-year
Poverty Reduction and Growth Facility (PRGF) arrangement and the
Extended Fund Facility (EFF) arrangement.
In making the announcement, Mr. Murilo Portugal, Deputy Managing
Director and Acting Chair, stated:
"Albanian economic performance remains strong, despite less benign
external conditions. A regional drought in 2007 affected Albania
particularly hard, but recovery was rapid as the economy diversified
and new export markets were developed.
Growth therefore remained buoyant and became broader based,
reaching 6 percent last year. Inflation, while episodically above
the 3±1 percent target range, remains among the lowest in the region
in spite of global food and commodity price shocks.
for full text
AATDA AL Donates to AATDA US
As a gesture of appreciation for AATDA's work in support of Albania,
Petraq Gramo, President of the AATDA affiliate in Tirana, presented
a $1,000 donation to Lou Elias in April, during a visit to Florida.
donation was presented on behalf of the members of the AATDA AL
board of directors, in appreciation for our many years of
cooperation between the two organizations in support of business
development and cooperation between our two countries.
Announces Funding of Albania Secondary Roads Project
On June 3, 2008,
The World Bank Board of Directors approved a US$20 million credit
for the Secondary and Local Roads Project in Albania to
improve access to essential services and economic markets,
especially in rural areas, by improving the condition, management,
and financing of regional and local roads in the country. The
project will also support the introduction of the private sector in
road maintenance on the road network. Through this project, the Bank
will also act as a catalyst for mobilizing other donor financing in
recent survey noted that after employment and income, the majority
of rural respondents considered poor road access as the biggest
problem they faced, making it difficult to reach markets, providing
no incentive to increase agricultural production, and inhibiting the
delivery of health and education services,”
Humphreys, Task Team Leader
for full text
The U.S. Department
of Justice, Foreign Claims Settlement Commission contacted AATDA to
assist in publicizing a new opportunity for U.S. citizens to file a
claim for compensation in the Albanian Claims Program. The program,
which began in 1995, has recently changed. Residency in the U.S.
prior to 1995 is no longer required. If a claim was denied in the
past for this reason, individuals can now file a claim for property
losses. The program still has in excess of $1 million to
compensates U.S. nationals who suffered property losses at the hands
of the Communist government that took power after WW II. If you
wish to pursue a claim, contact the Foreign Claims Settlement
Commission at 202-616-6975 or email at
firstname.lastname@example.org. You can also visit their web site at
AATDA Creates New Foundation for Albanian Support
The Board of
Directors of AATDA has created a new mechanism, The Albanian
American Trade & Development Foundation (AATDF), which is
designed to support AATDA activities that aim to assist
Albania in its social, cultural and economic development, as well as
help fund our efforts to assist the people of Albania. "Our
organization has evolved substantially since its early days," said
Lou Elias, President of AATDA. "Originally a group with trade
development in mind, over the years we have grown to include many
non-business activities that relate to Albania's well being."
The new AATDF will
support current efforts in Albania focused on developing an improved
business environment being carried out by the AATDA in Albania.
These include projects promoting improved corporate governance, the
rule of law, and a streamlined business permitting and regulatory
regime. Still, more activities are under development and will be
announced through this web site. Donations are now being accepted.
For further information, please contact us at
AATDA AL Work on
Corporate Governance Extended
The AATDA AL has been actively engaged in activities related to
improving corporate governance for the past year. Activities have
included a series of roundtables related to policy formation and
information sharing; training in corporate governance for selected
participants; and a corresponding public awareness program, which
has been extended until January 31.
This program seeks
to introduce corporate governance as an essential component of
reform in Albania. A basic assumption of the effort is that
effective corporate management, along with improved transparency,
law enforcement, business ethics, and easy access to credit, will
improve business investment and political stability.
AATDA AL Corporate Governance Project Reaches Mid-Point -- Shows
In November, AATDA
launched an important initiative to enhance Albania’s business
environment by improving corporate business practices and
strengthening the legal and regulatory framework in which Albania’s
private sector exists. Well underway at the midpoint of the one-year
project, AATDA has held meetings with key corporate governance
stakeholders and business organizations throughout Albania to
introduce the project and its concept, and has conducted a national
survey (February-March) of 120 companies and stakeholder groups that
is being used to assess the current state of corporate governance in
Click here for more
James Elias Takes Over Executive
Directorship of AATDA
AATDA Albania Wins Grant
for Corporate Governance Project
AATDA Continues Support
for Corridor VIII Local Economic Development Initiative - Joins Board of New
List of AATDA Activities
Cities Declaration On Transportation Corridor VIII Development
On Local Economic Development Along The Corridor VIII - Resolution