Month: August 2018

The Tunisian industrialist who does not have any advantage will benefit, as part of the finance for the 2019 financial year, from a tax advantage or a bonus of 2 to 3% of the interest rate applied on bank credits, said Tarek Cherif, president of the Confederation of Tunisian Citizen Enterprises,(CONECT). In a statement to TAP, the official recalled that the Tunisian industrialist who faces several problems (heavy administrative management, funding problems, personnel management …) and traders should not be subject to the same tax regulations. The President of CONECT also…

From an anticipated date of October 01, Tunisair is adding a Tozeur – Lyon route. A Boeing B737-600 aircraft is scheduled to operate this route once a week, on Mondays. Tozeur is an oasis and a city in south west Tunisia, located north-west of Chott el Djerid, in between this Chott and the smaller Chott el Gharsa. Lyon, the capital city in France’s Auvergne-Rhône-Alpes region, sits at the junction of the Rhône and Saône rivers. Its centre reflects 2,000 years of history including the Roman Amphithéâtre des Trois Gaules and…

The Central Bank of Tunisia (BCT) kept its key interest rate unchanged at 6.75 percent on Thursday, the bank said. Annual inflation rate eased to 7.5 percent in July from 7.8 percent in June, official data showed. In May the central bank raised the key interest rate by 100 basis points to 6.75 percent, the second hike in three months, to tackle inflation. The BCT board of Directors noted during its meeting the ongoing inflationary pressures despite the slight improvement in the inflation rate recorded in July, which reached 7.5%…

On August 27, 2018, Société de fabrication des boissons de Tunisie (SFBT) became the first company listed on Tunis stock exchange to reach TND4 billion (about $1.45 billion) of market capitalization. This level capitalization was reached when the local subsidiary of Castel group ‘s shares was listed at TND24.300 each. While Tunisia’s economy is slowly growing after lean years, due to the political and security turmoils that followed the revolution of 2011, the brewery is showing a really strong financial health. Indeed, the company announced that during Q1, 2018, its net profit grew by…

Tunisia expects economic growth to accelerate to 3.5 percent of next year from the 2.9 percent expected in 2018, driven by a recovery of the tourism industry and an expanding agricultural sector, a minister told Reuters on Wednesday. Minister of Reforms Taoufik Rajhi also said the government planned to reduce the budget deficit to 3.9 percent next year from the 4.9 percent forecast for 2018. The key tourism sector has begun to recover three years after two militant attacks which killed scored of foreigners. Tunisia expects to receive eight million…