Year: 2018

Former World Bank official and economics professor Marouane El Abassi was sworn in, on Friday, before President Beji Caid Essebsi after being approved by parliament as the new Tunisia’s Central Bank governor on Thursday, promising “extraordinary measures” to save the country’s economy. El Abbassi takes over the BCT at a crucial time when Tunsiia faces deep economic challenges, mainly the rising deficit and inflation and a fall in the Tunisian dinar value as well as high uneemployment. “I do not believe that there is a crisis that cannot be solved,” El…

The Tunisian economy has reached a growth rate of 1.9%, for the whole year 2017, the National Institute of Statistics (INS) announced. On a year-over-year basis, gross domestic product (GDP) grew 2.0% in the fourth quarter of 2017, over the same quarter of 2016, and 0.8% from the third quarter of 2017. Value added of the manufacturing industries leaped 1.4% in the fourth quarter of 2017 compared with the same period in 2016, but fell  2.4% compared to the third quarter of 2017. The INS said the positive progress of…

At the end of January 2018, Tunisia had a positive agricultural trade balance of TND76 million ($31.7). During the same period in 2017, it registered a TND232.9 million ($97 million) deficit, according to the ministry of agriculture, Water resources and fishery. This positive performance is due to a surge by 102.3% in foodstuff exports (TND481.9 million) and decline by 13.4% in imports (TND405.9 million), compared to the previous year, the Ministry reports. The main products exported during the period under review are olive oil (+228%), sea products (+62%), canned vegetables and…

The fifth edition of the Entrepreneurship Fair “Riyeda” will be held on February 21-22, 2018 at the convention centre of the Laico Hotel in Tunis. Skander Haddar, organiser of the show said that this show will be marked by the presence of 8 thousand visitors among students, young people with business ideas as well as confirmed entrepreneurs. Over 50 exhibitors representing public and private sector structures for financing, coaching, training and mentoring in the field of entrepreneurship will take part in the show,  Skander Haddar told Express FM on Thursday…

Publicity over the return of package holidays to Tunisia reignited interest among British holidaymakers for the destination, according to TravelSupermarket. The holiday comparison website has seen a 55% increase in searches for Tunisia in the past week, following news coverage that Thomas Cook has resumed flights to the destination. Today (Tuesday) Thomas Cook operated fully booked flights from Manchester and Birmingham, with another flight due to leave Gatwick tomorrow (Wednesday). TUI is due to return to the country in May. The 55% increase relates to recorded searches on Monday February…

Japanese authorities have revised a three-year-old travel advisory issued for Tunisia in 2015 following a terrorist attack that left three Japanese tourists dead, according to Tunisia’s Foreign Ministry. “Japanese authorities have decided to revise their longstanding travel warning on Tunisia,” the ministry said in a Tuesday statement. The warning was first issued by Japan in 2015 following a terrorist attack on Tunis’s Bardo Museum that left 21 people — including three Japanese tourists — dead. Three months later, another attack on a crowed beach in Tunisia’s coastal city of Sousse left 38…