Month: September 2024

Ftich Ratings upgraded on Monday Tunisia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from “CCC-” to to “CCC+”. The agency said “the rating upgrade reflects its increased confidence in the government’s ability to meet its large fiscal financing needs. This stems from Tunisia’s stronger external position that enables it to maintain its international reserves at a sufficient level to meet current external payments and debt obligations. This is balanced by still-elevated financing needs, limited access to external financing, uncertainty over the ability and willingness of the banking sector to take on…

Alpha Hyundai Motor, the official distributor of the South Korean car manufacturer Hyundai in Tunisia, is delighted to announce that it has been honoured with the prestigious ‘Best Sales Progression’ award at the regional conference held on 3 and 4 September 2024 in Marrakech, Morocco. This prestigious award highlights Hyundai Tunis’ outstanding performance in increasing its sales at the regional level. The ‘Best Sales Progression’ label is awarded to entities that have proven remarkable growth and performance in recent years. This recognition reflects Hyundai’s successful commercial strategy and exceptional sales…

The trade deficit narrowed to (-11924.1 MD) at the end of August 2024, compared with (-12191.7 MD) during the first eight months of 2023. The coverage rate rose by 0.8 points compared with the same period in 2023 to stand at 77.7%, according to the foreign trade note at current prices for August 2024 published on Thursday by the National Statistics Institute (INS). TunisianMonitorOnline

Photo credit goes to agenzianova The Elmed project, the plan to build an electrical interconnection between Tunisia and Italy, was at the center of discussions between the Tunisian Minister of Industry, Mines and Energy Fatma Thabet Chiboub and the top management of the World Bank. During the meeting, which was attended by Ahmadou Moustapha Ndiaye, Regional Director for the Maghreb and Malta, and Paul Noumba, Executive Director for North Africa and the Middle East, highlighted the importance of Elmed as an “energy bridge” between the two shores of the Mediterranean. Elmed will connect the…

The Central Bank of Tunisia (BCT) is planning a roadshow for Tunisians expatriates as part of its presentation of the new Foreign Exchange Code. Fethi Zouhair Nouri, Governor of the BCT, said that the roadshow would be organised once the new text had been adopted. The aim of this initiative is to gather the expectations and suggestions of this diaspora. The Governor stressed the importance of strengthening relations between Tunisia and its expatriate community. He affirmed that the government and the BCT are working together to create a climate of…

Photo credit goes to FTAV Facebook page The 3rd edition of the International Tourism and Umrah Fair was inaugurated on Thursday, September 5 at the Convention Center in Tunis. Organized by the Tunisian Federation of Travel Agencies (FTAV) and attended by some forty exhibitors from Tunisia, Saudi Arabia and Egypt, this event aims to promote umrah and hajj tourism, as well as Islamic heritage and civilization. Representatives from Algeria and Libya also took part in the fair. According to Ahmed Betaieb, President of the Tunisian Federation of Travel Agencies, the…