Ownership as documented
not publicly documented in the sources read (spa.data.al open-data page exists for the company but was not opened).
Conflicting records. The research disagrees; every version is shown and none has been chosen as correct.
- Ownership
- not publicly documented in the sources read (spa.data.al open-data page exists for the company but was not opened).From the research record · cites:
- SPAK: akuze te reja per Ballukun, tenderi i Unazes se Madhe: si perfituan 20 mln euro Euroteorema, Pevlaku dhe Nova Construction (opens in a new tab)Balkanweb · undated · journalism · SQ
- Euroteorema Peqin (open procurement data) (opens in a new tab)SPA open data (Albania) · undated · official · EN
- not publicly documented in sources reviewedFrom the research record · cites:
- Tender for the Big Ring: Balluku condition, businessman linked to Berisha family (opens in a new tab)Shqiptarja · 22 Nov 2025 · journalism · SQ
- not publicly documented in the sources read (spa.data.al open-data page exists for the company but was not opened).From the research record · cites:
Description
Company in the Ring Road (Unaza e Madhe) Lot 4 joint venture with PE-VLA-KU and NOVA Construction 2012 (about 20 million euro tender, per Balkanweb). SPAK alleges the criteria were set to favour these three firms and that the winner was predetermined by former Deputy PM Belinda Balluku and commission members. Nova Construction 2012 signed a cooperation agreement with the Euroteorema companies on 14 Sep 2021, four days after communications SPAK cites (SPAK, per Shqiptarja summary).
Other accounts in the research (1 field worded differently)
This record appears in more than one research record. The main text above comes from one; the other versions are kept here unedited.
- Description
- Company in the Ring Road (Unaza e Madhe) Lot 4 joint venture with PE-VLA-KU and NOVA Construction 2012 (about 20 million euro tender, per Balkanweb). SPAK alleges the criteria were set to favour these three firms and that the winner was predetermined by former Deputy PM Belinda Balluku and commission members. Nova Construction 2012 signed a cooperation agreement with the Euroteorema companies on 14 Sep 2021, four days after communications SPAK cites (SPAK, per Shqiptarja summary).From the research record
- Construction company named in SPAK file as reported by Shqiptarja (22 Nov 2025) as part of the Lot 4 tender group. The article says it had older ties to the Berisha family, including winning tenders when Berisha governed (allegation as reported).From the research record
Contracts and money
Ring Road Lot 4 joint venture
Evidence: Euroteorema Peqin, PE-VLA-KU and NOVA Construction 2012 named as the joint venture that won Lot 4 (Balkanweb, SPAK file).
Figures recorded for the cases linked to this organisation. A figure here is not necessarily paid to or by this organisation; check payer and payee.
Ring Road Lot 4 tender (Euroteorema / PE-VLA-KU / Nova Construction JV)
€20,000,000
Incomplete figurecontractSource label: Officially reportedStated definition: Rounded figure from Balkanweb headline ('20 mln euro'); Shqiptarja summary says about 20 million. INCOMPLETE: exact contract sum not read.
Date: Sep 2021 · Payer: Government of Albania / Tirana Ring Road authority (per SPAK file) · Payee: Joint venture: Euroteorema Peqin, PE-VLA-KU, Nova Construction 2012
- SPAK: akuze te reja per Ballukun, tenderi i Unazes se Madhe (opens in a new tab)Balkanweb · undated · contract · SQ
Officials and people linked
No person is linked to this organisation in the research.
Investigations and cases
Sorted by reported money, then by linked people and their legal status. The money figure is the largest single reported figure, not a total.
From 2021
Tirana Outer Ring Road (Lot 4) procurement
SPAK's second tender allegation in the November 2025 indictment concerns Lot 4 of the Tirana Outer Ring Road, procured in 2021 by ARRSH. SPAK alleges Balluku guided the procedure and acted with…
Status: Under investigation. Part of the indictment reported in Nov 2025. Further accusations reported 7 Aug 2026.
Sources for this record
Every source the research cites for this record, grouped by its source label. 3 sources.
Source label: Officially reportedOfficially reported · 1 source
- Publisher
- Balkanweb
- Date
- undated
Source label: Under investigationUnder investigation · 2 sources
- Publisher
- SPA open data (Albania)
- Date
- undated
- Publisher
- Shqiptarja
- Date
- 22 Nov 2025
Other connections
Cooperation agreement, 14 Sep 2021
Evidence: SPAK says Nova Construction 2012 registered a cooperation contract with the Euroteorema companies on 14 Sep 2021 (allegation).