Albania privatisation
TIRANA: Albania’s Parliament launched an investigation of the botched sale of its power corporation, which reportedly cost the state 414 million euros. A statement on Friday said an 11-member parliamentary commission was voted a day earlier to conduct a three-month probe into whether the law was broken in the privatisation process. The centre-right Democratic Party government of Prime Minister Sali Berisha, now in opposition, in 2013 sold Albania’s power corporation to the Czech state-run power utility CEZ. It cancelled the deal in 2013, when the electricity system was in crisis due to theft, unpaid bills from customers and network losses. In 2014, the left-wing coalition government agreed to resolve the dispute by repaying the Czech power utility 100 million euros ($136 million at the time).