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Algerian British Business Council 08-01-2018

Monday - 8 / January / 2018

 

Monday 8th January 2018

 

Welcome to the latest Edition of the ABBC Business News Digest.

Please find here the latest business news and opportunities in Algeria.

 

 

 

ABBC Secretariat

ALGERIA: According to the ONS: growth of 1.4% of GDP in the 3rd quarter of 2017

02/01/2018

Algeria's overall GDP growth was 1.4% in the third quarter of 2017, compared to the same quarter of 2016, the APS told the National Statistics Office (ONS). As for the growth rate of non-hydrocarbon GDP, it was 3.1% in the third quarter of 2017 compared to the same period of 2016. According to the ONS, the growth rate was driven mainly by the industrial, agricultural and building and public works and hydraulic works (BTPH) sectors. Thus, the growth rate was 5.9% for the industrial activity sectors, 3.2% for agriculture and 3.9% for the BTPH. The combined trends in volumes (+ 1.4%) and current values of GDP (+ 8%) led to a general price trend of 6.5%. Excluding hydrocarbons, the price movements recorded were 3.8% in the third quarter of 2017, compared to the same quarter of 2016. Read more.

ALGERIA: Algeria has invested US$150bn in power plants since 2000, says Guitouni

02/01/2018

Oran State has invested US$150 billion in the construction of power plants countrywide since 2000, announced Saturday Energy Minister Mustapha Guitouni. “As part of this budget, many power plants have been built. They have increased the national production to 18,000 megawatts against 3,900 megawatts only in 2000,” the minister told the press on the sidelines of a working visit to the province of Oran. “This production level would never have been achieved without the clear-sightedness of President of the Republic Abdelaziz Bouteflika,” said Guitouni, who stated that “no country in the world has reached such results.” Read more.

ALGERIA:Trade deficit down by 31% in the first 11 months of 2017

26/12/2017

Algeria's trade deficit dropped to USD10.7 billion in the first eleven months of 2017 against with USD15.58 billion over the same period in 2016, down by USD4.9 billion (31.3%), the Algerian Customs told APS. Exports increased significantly to USD31.19 billion in the first 11 months of 2017 against USD27.22 billion over the same period in 2016 (+14%), up by four billions dollars, according to the Customs' National Centre for Statistics and Data Processing (CNIS). Imports however declined slightly, standing at USD41.895 billion against USD42.801 (-2.12%), down by USD900 million, according to the source. Coverage of imports by exports reached 74%, from 64% over the same period last year. Read more.

ALGERIA: Algeria to further tighten controls on imports

26/12/2017

Algeria's foreign trade deficit has significantly declined in 2017 as a result of a recovery in oil prices and its positive impact on crude exports but without an important drop in imports despite the extension of quantitative quotas and the establishment of banking measures to curb imports. Imports were expected to decrease to 45 billion US dollars by the end of this year, but have declined by little more than one billion USD compared with 2016, while the goal set for 2017 was for imports to be reduced to 30 billion USD. In addition, the country's balance of payments showed a deficit of more than 11 billion USD at the end of the first quarter of 2017. This resulted in significant erosion in the foreign exchange reserves which are due to close the year at 97 billion USD against 114 billion USD at the end 2016, a drop of 17 billion USD in one year.Read more.

ALGERIA: Algeria now meeting only 70% of its food requirements

28/12/2017

Algeria's agricultural production is able to meet only 70 per cent of the country's food requirements and the challenge now is to target strategic crops to meet the needs for staple foods, reduce imports and revive exports, says the Secretary-General of the Ministry of Agriculture, Rural Development and Fishing, Belkacem Chadi. 'Algeria currently covers more than 70 per cent of its needs for food through domestic production. Surplus in production also enabled Algeria to be present on the international market for dates, olive oil, vegetable products, potatoes and fruits,' said Chadi at a panel discussion on agriculture and food-processing held here Tuesday on the sidelines of the 26th Algerian Food Production Exhibition. Read more.  

ALGERIA: According to the ONS: decline in commercial activity in Q3 2017.

01/01/2018

The commercial activity recorded a decline in the third quarter 2017 wholesalers or retailers, indicates a survey poll opinion conducted by the National Office of Statistics (ONS) among traders. The decline is more pronounced among wholesalers in the drugstore, hardware, household appliances and perfumery (DQAEMP) category and those of raw materials, semi-finished products and machinery and equipment. Wholesalers and retailers complain, for the most part, about the length of the supply deadlines, the unavailability of products and the slowness of the procurement formalities.Read more.

ALGERIA: Safeguarding jobs a priority in Algeria’s PPP programme, says finance minister

03/01/2018

Algerian Finance Minister has affirmed that employment remains a priority for the State even in the event that private companies acquire stakes in public companies operating in non-strategic sectors under the pubic-private partnership (PPP) programme.“The partnerships provided by the Charter on Public-Private Partnership is not a privatization but an acquisition of stakes by private companies in public companies operating in non-strategic sectors within set limits. In this case, employment preservation remains a priority for the State. The private sector cannot breach the rules set by law,” the minister said on national radio here Tuesday.The private operators’ stakes cannot exceed 34 per cent of the capital of public companies in some sectors. Read more.

ALGERIA: Public industry: production capacity used more than 75% in Q3

03/01/2018

Algiers- The majority of industrial companies in the public sector used production capacity to more than 75% in the 3rd quarter of 2017 indicates a survey conducted by the National Office of Statistics (ONS). In addition, industrial activity in the public sector increased over the same period, particularly in building materials, textiles and leather and wood. Concerning the level of supply of raw materials, it was lower than the demand expressed for more than 23%, mainly those of the Iron and steel industry, mechanical, electrical and electronic (ISMMEE), the food and textile industries, which led to stock-outs of more than 25% of these companies. In addition, nearly 45% of respondents in the public sector and nearly 24% of those in the private sector experienced power outages, leading to work stoppages of less than 12 days for all concerned.  Read more.

ALGERIA: 50% of lands to be used for industrial purpose are unexploited

03/01/2018

It appears that in Algeria, half of the lands put at the disposal of investors for industrial use are yet to be exploited- a phenomenon that greatly impairs the economy. This was disclosed by the general secretary of the ministry of industry and mines, Kheïreddine Medjoubi, quoted by news website Liberté Algérie. Qualifying the situation as “inadmissible”, the official revealed that from now on, the government will deal with it through severe sanctions. “According to Kheïreddine Medjoubi, general secretary of the ministry of industry and mines, 2018 will be the year for the great fight against land idleness. In this framework, he mentioned the implementation of a 5% tax on the market value of unused lands,” the news website reports. Read more.

ALGERIA: Algerian recycling, waste treatment exhibition attracts 40 local, foreign exhibitors.

28/12/2017

About 40 local and foreign exhibitors will take part in the 2nd International Exhibition on Recycling and Waste Treatment to be held from Jan on 8 to 11, 2018 at the Mohamed Benahmed Convention Centre in the western Algerian city of Oran, the organizers say. 'Exhibitors from the Republic of Korea, Tunisia and Canada will be taking part in this annual event. Other foreign companies have also been invited but have not yet confirmed their participation,' said Mohamed Fouad Ammar, the Director of SOS Events, the organizer of the event, Tuesday. Professionals in the fields of waste separation and recycling, managers of landfill centres, specialists in hospital waste treatment, operators in the maintenance of equipment for waste collection, transfer and recycling will be attending the exhibition. Read more.

 

 

 

 

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