The Prague Post - What we know about Trump relatives' project in Albania

EUR -
AED 4.269651
AFN 72.665544
ALL 95.244046
AMD 428.482693
ANG 2.081592
AOA 1067.267705
ARS 1669.191033
AUD 1.628784
AWG 2.094136
AZN 1.974587
BAM 1.953602
BBD 2.339817
BDT 142.599526
BGN 1.941452
BHD 0.438199
BIF 3461.904155
BMD 1.162602
BND 1.491028
BOB 8.044878
BRL 5.907296
BSD 1.161768
BTN 111.341786
BWP 15.617626
BYN 3.286915
BYR 22786.992717
BZD 2.336431
CAD 1.615883
CDF 2685.610135
CHF 0.917054
CLF 0.026432
CLP 1040.621276
CNY 7.870174
CNH 7.877748
COP 4164.590317
CRC 534.391729
CUC 1.162602
CUP 30.808944
CVE 110.13916
CZK 24.206764
DJF 206.881635
DKK 7.473762
DOP 67.632726
DZD 154.953881
EGP 60.187539
ERN 17.439025
ETB 187.295716
FJD 2.560865
FKP 0.865391
GBP 0.865156
GEL 3.092694
GGP 0.865391
GHS 13.708455
GIP 0.865391
GMD 84.870202
GNF 10183.321249
GTQ 8.858032
GYD 243.021742
HKD 9.109339
HNL 30.923796
HRK 7.532029
HTG 151.899061
HUF 353.770967
IDR 20953.569884
ILS 3.362424
IMP 0.865391
INR 111.298197
IQD 1521.861197
IRR 1599739.89725
ISK 143.616181
JEP 0.865391
JMD 183.79921
JOD 0.824291
JPY 186.038388
KES 150.393885
KGS 101.669333
KHR 4676.757137
KMF 492.94264
KPW 1046.173214
KRW 1781.094599
KWD 0.359058
KYD 0.968102
KZT 564.285276
LAK 25493.871971
LBP 104033.131754
LKR 391.795724
LRD 212.019581
LSL 18.898626
LTL 3.43286
LVL 0.703246
LYD 7.403541
MAD 10.687381
MDL 20.121184
MGA 4888.414741
MKD 61.61442
MMK 2441.051267
MNT 4159.453095
MOP 9.37455
MRU 46.05178
MUR 55.293611
MVR 17.905324
MWK 2014.433063
MXN 20.109539
MYR 4.665481
MZN 74.29609
NAD 18.898626
NGN 1581.684375
NIO 42.751522
NOK 10.849689
NPR 178.151816
NZD 1.977731
OMR 0.447013
PAB 1.161673
PEN 3.955015
PGK 5.078242
PHP 71.494116
PKR 323.455418
PLN 4.2382
PYG 7077.035876
QAR 4.246621
RON 5.257254
RSD 117.384712
RUB 85.334224
RWF 1700.771412
SAR 4.365881
SBD 9.338769
SCR 15.960326
SDG 698.143155
SEK 10.888608
SGD 1.492653
SHP 0.868
SLE 28.599608
SLL 24379.17815
SOS 663.961379
SRD 43.385392
STD 24063.507269
STN 24.471934
SVC 10.165342
SYP 128.504801
SZL 18.894331
THB 37.983943
TJS 10.804474
TMT 4.069106
TND 3.40307
TOP 2.799266
TRY 53.441939
TTD 7.870008
TWD 36.590102
TZS 3028.766872
UAH 51.563386
UGX 4374.30314
USD 1.162602
UYU 46.796533
UZS 13944.068202
VES 648.784391
VND 30617.114959
VUV 137.602514
WST 3.148007
XAF 655.233724
XAG 0.015798
XAU 0.00026
XCD 3.141989
XCG 2.093726
XDR 0.817196
XOF 655.208392
XPF 119.331742
YER 277.399684
ZAR 18.92948
ZMK 10464.798346
ZMW 20.358914
ZWL 374.357263
  • RBGPF

    0.0000

    60.01

    0%

  • RYCEF

    -0.2000

    17

    -1.18%

  • CMSC

    0.0000

    22.6

    0%

  • BP

    0.1600

    43.84

    +0.36%

  • BTI

    -0.5450

    58.075

    -0.94%

  • BCE

    -0.3900

    24.12

    -1.62%

  • RIO

    -2.7100

    105.15

    -2.58%

  • NGG

    0.7500

    80.98

    +0.93%

  • RELX

    1.5550

    34.455

    +4.51%

  • VOD

    0.0200

    15.07

    +0.13%

  • BCC

    -0.3550

    68.325

    -0.52%

  • CMSD

    0.0400

    22.64

    +0.18%

  • JRI

    0.0770

    12.827

    +0.6%

  • AZN

    6.0700

    182.35

    +3.33%

  • GSK

    1.2900

    51.01

    +2.53%

What we know about Trump relatives' project in Albania
What we know about Trump relatives' project in Albania / Photo: STRINGER - AFP

What we know about Trump relatives' project in Albania

Protesters are furious over a planned luxury tourism complex in Albania that is linked to US President Donald Trump's son-in-law Jared Kushner.

Text size:

The project was unveiled more than two years ago but many of the details remain unclear. Here is what we know so far.

- Origins -

Kushner and his wife Ivanka Trump announced plans to construct luxury hotels and villas in Albania back in 2024.

The project was planned for two areas along the Adriatic coast -- the protected delta area of Vjosa-Narta and the nearby uninhabited island of Sazan, once a secret communist military base.

In late 2024, the government granted "strategic investor" status to a company called Atlantic Incubation Partners, believed to be linked to Kushner's Affinity Partners fund.

The status gives access to fast-track administrative procedures and support from ministries, according to a document seen by AFP.

Ivanka Trump has since visited the Vlora region accompanied by architects and investors, and has met Prime Minister Edi Rama.

"As of today, there is no definitive agreement" regarding Sazan, Rama's office told AFP on Thursday.

"Since Sazan is public property, the Albanian state must remain a stakeholder and direct beneficiary of any potential development on the island."

- Who is investing? -

The investment on Sazan island is estimated at $1.6 billion, while Rama recently referred to a four-billion-euro project in Zvernec.

Affinity Partners referred AFP's questions to a PR agency, which provided a statement attributed to Asher Abehsera, chairman of Sazan Real Estate Development, a company described as managing the project with a "variety of investors".

"We're excited about the opportunity to create a world-class destination and make one of the largest private investments in the region's history," the statement said.

However, AFP has not been able to find any legal trace of a company with that name.

Questioned by AFP on the project in Zvernec, the government said on Thursday that it is a "private property".

Its said the project's "investors are the two co-owners of Power International Holding W.L.L from Qatar, a holding company that owns various businesses and whose tourism portfolio is among the most prestigious in the world".

- Why is it disputed? -

Environmental groups argue the project will trample on protected land, while other critics accuse the authorities of corruption.

Dozens of NGOs have raised the alarm about the project's potential impact on the Vjosa-Narta protected zone.

More than 40 groups sent a letter to the government in January demanding the project be suspended immediately.

Critics have also raised questions over the origin of the funds used to purchase coastal land and the legality of the procedures.

Like many plots of land in Albania, the area is subject to property disputes dating back to the collapse of communism in the 1990s.

Thousands of families are still hoping to reclaim ancestral land that was taken by the communists after World War II, with some claiming ownership over land allocated to the project.

- Probes and protests -

Opposition has intensified in recent days after videos emerged showing bulldozers on the beach.

Protesters clashed with private security guards on Saturday in the region after gathering to register their anger at newly installed barbed wire blocking access to the beach.

Thousands of demonstrators have since gathered in the capital Tirana over three consecutive evenings calling for the project to be cancelled and former owners to get their land back.

More protests have been planned for the coming days.

Meanwhile, the special anti-corruption prosecutor's office has opened an investigation.

Media reports say the office will probe changes to the protected status of the Vjosa-Narta area.

They are also set to investigate how officials were able to bypass the system of public tenders for contracts, and the origin of the funds used to purchase land titles.

The prosecutors' office confirmed to AFP that an investigation had been opened but declined to give further details.

S.Janousek--TPP