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3 clusters · 11 sources · 19 days · First seen · Last updated

Albania Vlora Airport concession termination

Overview

In late July 2026, Albania's High Court dismissed Behgjet Pacolli’s appeal, confirming Vegim Hoxha’s role as administrator of the Vlora International Airport concession and leaving the airport under the control of Valon Adem’s 2A Group. The ruling upheld Mabco Constructions’ 98% ownership and restored its voting rights, maintaining the existing governance structure.

By early August, the Ministry of Infrastructure and Energy moved to end the concession after a shareholder clash between Mabco Constructions (owned by Pacolli) and 2A Group halted construction and the contractual deadline expired in May 2026. The ministry formally launched termination procedures, invoking the contract’s clause that allows cancellation after missed deadlines. The project, valued at €103.9 million, was intended to be the country's second international gateway.

Following the Supreme Court decision, Pacolli reported that access to the airport project site was blocked, preventing the completion of remaining works and the certification phase. He has called for an independent investigation into the blockade, suggesting it may be a planned attempt to undermine shareholder rights.

Pacolli has warned that the dispute will move to international arbitration, claiming more than €320 million in investments at risk and cautioning that any compensation could be charged to Albanian taxpayers. While he noted that arbitration remains a “last option,” the government’s action to terminate the concession aims to unblock the stalled project, though the airport’s future remains uncertain.

Entities

Valon Ademi · Vlora International Airport · Behgjet Pacolli · MABCO Constructions SA · Mabco

Timeline

  1. 2 days ago

    [BUSINESS] 4 sources
    Vlora International Airport access blocked amid shareholder dispute

    Behgjet Pacolli has called for an investigation after access to the Vlora International Airport was blocked, following a Supreme Court ruling. He warns of potential international arbitration.

  2. 8 days ago

    [BUSINESS] 9 sources
    Albania Terminates Vlora Airport Concession Amid Investor Dispute

    Albania moves to cancel the Vlora Airport concession after a shareholder dispute halted construction, prompting investor Behgjet Pacolli to threaten international arbitration and potential taxpayer costs of €‑+

  3. 20 days ago

    [BUSINESS] 2 sources
    Vlora International Airport administration stays under Valon Adem after Supreme Court rejects Pacolli appeal

    Albania's High Court rejected Pacolli's appeal, confirming Vegim Hoxha as Vlora Airport administrator and keeping management under Valon Adem's 2A Group; Mabco says the decision doesn't affect its ownership.

Sources

24-ore.com · arbresh.info · balkanweb.com · dukagjini.com · gijotina.com · javanews.al · mesazhi.com · ocnal.com · shekulli.com.al · telegrafi.com · voal.ch

This summary has been updated 2 times: see revision history