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Tunisia: KfW provides €27.5 million loan

A €27.5 million (85.4 million dinars) funding agreement was inked Tuesday by the German Development Bank (KfW) and the Tunisian government at the seat...

Tunisia: Moody’s affirms 5 local banks’ ratings; changes outlook to stable for all

Moody's Investors Service affirmed the B2/NP local-currency deposit ratings of Amen Bank (Amen), Arab Tunisian Bank (ATB), Banque de Tunisie (BdT), Banque Internationale Arabe...

Tunisia: wage bill of civil servants close to 17 billion TND in 2019

The wage bill for civil servants continues to weigh heavily on the state budget. Indeed, the total wages of civil servants will amount to...

Tunisia: tax burden rate hits 25.3% in 2019

The rate of tax burden in Tunisia is 25.3% against 23.2% in 2018, 21.9% in 2017 and 20.8% in 2016, according to the provisional...

Tunisia: SIPHAT sees its income drop by 27% to 22 MD in 2019

The turnover of “Société des Industries Pharmaceutiques de Tunisie” (SIPHAT) amounted to 22.3 million dinars at the end of 2019, against 30.9 million dinars...

Tunisia produces 10 million barrels of crude oil in 2019

Tunisia's crude oil production reached 10,061,051 barrels in 2019, posting a decrease of 8% compared to 2018, said the Tunisian Company of Petroleum Activities...

Tunisia: Tourism receipts continue to grow in 2020

Tunisia's tourism receipts in 2020 continued effectively their growth that began last year. According to the daily data of the Central Bank of Tunisia (BCT),...

Tunisia: Moody’s affirms country’s rating at B2, upgrades outlook to stable

Moody's Investors Service last Friday upgraded the Government of Tunisia's issuer rating’s outlook to stable from negative and affirmed its rating at B2. The stable...

Tunisia: GDP grows 1% in 2019

The Gross Domestic Product, GDP, of Tunisia (in volume) recorded a growth of 0.8% in the fourth quarter of 2019, compared to the same...

Tunisia: increase in share capital of Carthage Cement announced

It has been decided to increase the share capital of Carthage Cement from 172 million dinars to 395 MD, Ibrahim Sanaâ, managing director of...

Tunisia: olive oil exports reach 63,000 tons until end January

Tunisia’s olive oil exports reached 63,000 tons, generating 423 million dinars, between November 2019 and the end of January 2020, Minister of Agriculture, Water...

Tunisia: Panoro promises “significant production” in H1 2020

Panoro Energy will drill a production well in Tunisia in May, while three workovers are under way and should be on line by the...
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