TIRANA (Albania), March 24 (SeeNews) – Albanian investment group Balfin has announced that it has acquired local broadcaster Scan TV, which covers financial, industrial and real estate news in the country.

Scan TV plans to expand its coverage to include North Macedonia and Kosovo, becoming the first-ever economic and business TV channel in the Western Balkans, Balfin said in a statement on Wednesday.

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The value of the transaction remained undisclosed.

“Balfin Group aspires to create media that addresses economic and business issues by providing comprehensive, professional and unbiased information about Albania and the region. We will invest in the creation of a professional media channel that can meet the expectations of a regional television dedicated to business-related issues,” said Balfin Group CEO Edlira Muka.

Scan TV was established in 2001.

The Balfin Group is active in a number of sectors, including real estate, retail, tourism, agriculture, energy, minerals and services throughout South East Europe, as well as in Austria and the Netherlands, according to information published on its website.