Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

North Macedonia Charged with Expropriation by Amadeus Group

By: NewsUSA

(NewsUSA) - Washington, DC.—The International Centre for Settlement of Investment Disputes (ICSID) announced on August 18 that it has registered the request for arbitration made by Amadeus Group, which is based in Albania, and its affiliate in North Macedonia, Amadeus Development DOOEL, against the Republic of North Macedonia.  The request for arbitration charges that North Macedonia expropriated Amadeus’ investment in a hotel and commercial center in Skopje, all violations of the North Macedonia-Albania bilateral investment treaty, and seeks a damage award of at least $110 million.

Amadeus 4The decision by Gonzalo Flores, the Acting Secretary General of ICSID, to accept Amadeus’ request for arbitration represents an escalation of a 10-year saga.  Amadeus Group, working through its local entity, Amadeus Development, purchased property in Skopje after winning an electronic public bid held by the North Macedonia Ministry of Transport on October 15, 2013.  A well-known American investment firm would have partnered with Amadeus in the proposed development in the heart of Skopje.

But the local government almost immediately stepped in to frustrate Amadeus’ investment.  Then, having waylaid Amadeus at every turn and in direct contradiction to decisions by the Macedonian Constitutional Court, Administrative Court, Transport Ministry, and Ombudsman ordering the Government to allow Amadeus to proceed, the Macedonian government wrongly found Amadeus at fault for not finishing construction by its original deadline, revoked its permits and licenses, and took the bond Amadeus was required to deposit. 

The blatant political motivation to discriminate against Amadeus was revealed by Andrej Žernovski and Petre Shilegov, Mayors of Skopje City, and subsequently by Sasha Bogdanović, Mayor of the Municipality of Centar of Skopje.   On multiple different occasions each told the press that they would never allow an Albanian company, and specifically Amadeus, to build or operate a business in Centar.  Indeed, during the same time in which it refused to allow Amadeus as an Albanian company to construct the hotel and commercial center, the local government permitted another non-Albanian investor group to construct a Marriott Hotel on the other side of the same square. 

The battle now shifts to ICSID, the dispute resolution arm of the World Bank.Amadeus 1

Following the expropriation of Amadeus’ property, the City of Skopje and Municipality of Centar erected structures on the property as if it were the owner of the property.  For example, in August 2020, a pedestal and memorial honoring Mother Teresa were erected on Amadeus’s land without its consent.

“Mother Teresa would be spinning in her grave if she knew that her memorial was built on stolen property,” said Bart S. Fisher, Senior Counsel for Amadeus.  “Moreover, North Macedonia has violated domestic and international legal obligations owed to investors, and demonstrated by its actions in this case that it is not yet worthy of admission to the European Union,” Fisher said.

 

Image caption 1: Amadeus Development Project in the Center of Skopje
Image caption 2: Press conference of Petre Shilegov, Mayor of Skopje City

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.