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Tunisia: the current deficit to decline in 2009/2010 due to commodities

A new World Bank report, Global Economic Prospects (GEP) 2009, examines the impact of the financial crisis on GDP growth across the world, which has dimmed short-term prospects for developing countries In Tunisia, says the Report, GDP eased to 5.1 percent growth in 2008, from 6.3 percent in 2007 ...

Tunisia: Slight decline in textile exports, Italy top client

October 2008 resulted in a slight variation in terms of value of the Tunisian textile exports (-1.0%) reaching 341 thousand dinars. Valued in €, exports record a quasi-stagnation (-0.02) i.e. 195 million €. As for imports, they record a good recovery in value and quantity respectively (9.4%) in DT (10.5%)  in €  and (+6.3%) in weight (tons) compared with the same period of 2007. ...

Tunisia: Pump-priming Plan. Who is eligible and who is not?

Following the adoption by the Cabinet meeting of the strategy devised to support economic enterprises experiencing a slowdown in their activities and to enhance competitiveness and back up economic activity, it may be relevant to shed additional light on the ins and outs of this plan and the timetable for its implementation. ...

Tunisia: Grumpy or visionary and ambitious junior managers?

The Centre of Junior Managers (CJD) of Utica has just released an advance report on the quality of the institutional environment and business climate in Tunisia The uniqueness of this initiative is that it is launched by a group of entrepreneurs who take a fresh and uncompromising look at  the environment in which they operate as well as at  constraints and dysfunctions related to. ...

Tunisia: A 6 months plan to support enterprises affected by the crisis.

Chaired by the Head of State, the Cabinet meeting held, on Tuesday, examined a strategy to support economic enterprises experiencing a slowdown in their activity due to the international financial and economic crisis and another one aiming at enhancing competitiveness and backing up the economic drive in implementation ...

Fitch’s concern over Tunisiana debt but good performance is forecasted

Fitch Ratings has upgraded Orascom Telecom Tunisie (OTT) Long-term foreign and local currency Issuer Default ratings (IDR) to 'BBB-' from 'BB+'. The Outlooks on both ratings are Stable. Fitch has also upgraded OTT's National Long-term rating to 'A+(tun)' with a Stable outlook from 'A(tun)'. OTT's ratings reflect its free cash flow (FCF) generation capability and strong credit ...

Tunisia: CIL reassures shareholders.

Mohammed Brigui, CEO of International Leasing Company (CIL), presented, on Tuesday December 23, the balance sheet of his enterprise for the current year, a positive one since Cil manages to come up with a 3295 MDT profit as at September 30. The company whose turnover amounts to 12,500 MDT, and equity stands at about 26.8 MDT is present in four cities (Tunis, Sousse, Sfax and Gabés) . ...

Tunisia: What risk Assad may face ?

Assad share price  stood out in recent months by a trend boosted  by a particular buying drive late  September 2008. Analyzing this performance, taking into account the risk factors the group is facing, strengths , weaknesses, opportunities and threats, the average assessment  ...

Tunisia: A law to engage companies in e-business!

The coding standards are known to the general public through the bar code on the occasion of purchases, particularly in supermarkets. However, it is an essential activity aiming to support companies in their growth and access to foreign markets. GS1 Tunisia aims to perform this mission, and even to promote e-business or e-commerce, ...

Tunisia: Sotrapil shareholders ask for explanation from former managers.

Sotrapil General Assembly last non-ordinary meeting managed to be quite fiery . For its first public appearance, the new CEO Ahmed Souibgui went through a hard time. He has even toned down small shareholders’ ardour, unleashed in front of managers who were keeping silent  while a part of listed shareholders who have no representatives ...

Tunisia: A German expert mitigates pessimism over textile.

Invited by the Tunisian-German Chamber of Commerce to present "Koelnmesse"  German textile fair the to be held in Cologne from 21 to 24 April 2009, Elgar Straub Chairman of the German Association for textile and  leather technology industry said that  textile industry in the world, and Tunisia is doing well, at least for the moment ...

Tunisia: Auto parts: there is no rush, but how much longer?

Undoubtedly, the automobile industry is that currently suffers most from the effects of the international financial crisis. In addition to sector giants, such as General Motors and Ford which are on the verge of bankruptcy, European suppliers dealing with Tunisian partners don’t come under better banner, since they are plainly involved in a resizing process ...
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