Author: BGMN

In its study entitled “Financial Development and Inclusion in Egypt, Jordan, Morocco and Tunisia”, the Euro-Mediterranean Network for Economic Studies (EMNES) analyses a financial system that is frequently under-developed and fails to provide sufficient lending to SMEs and households. “Financial institutions and markets need to be well developed in order to contribute to sustainable and inclusive economic growth”. In its latest study, the Euro-Mediterranean Network for Economic Studies (EMNES) takes an in-depth look at financial systems and their involvement in sustainable economic growth in Egypt, Jordan, Morocco and Tunisia. “The financial…

Fitch Ratings, on Sunday, said it has revised the Outlook on Tunisia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to negative from stable and affirmed the IDR at ‘B+’. Fitch ratings said “Tunisia’s rating is weighed down by high and growing public and external debt, reflecting wide twin deficits, subdued economic growth and sluggish reform momentum against a background of social and political tensions.” The revision of the Outlook to Negative reflects increased pressures on external finances and the high uncertainty surrounding the government’s capacity to advance the required policies to…

The Central Bank of Tunisia  said on Monday that it is time to issue bonds worth $1 billion to finance the budget and balance of payments deficits. The bond issue had been previously announced and was originally expected in March. The Board considered that the economic situation requires this exit on the international market, to meet funding requirements especially with the pressures on the foreign exchange reserves on the one hand and on the liquidity in the domestic financial market, on the other hand”. In a statement issued by the…

Tunisian date revenues reached 235 million U.S. dollars in the current date season from October 2017 to May 24, 2018, up 31 % compared to the same period of last season. Tunisian Ministry of Agriculture and Fisheries said on Friday that Tunisian dates have been exported to 80 countries. Tunisia has exported about 101,000 tons of dates this season, against 88,000 tons of last season. Major countries that imported dates from Tunisia include the United States with an increase of 97 percent, Spain up 56 percent, Morocco up 27 percent,…

The Tunisian olive oil has been once again distinguished at the international scale by wining 4 medals (1 gold and 3 silver). This distinction took place during the 3rd Extra Virgin Olive-International Olive Oil Contest “Evo-IOOC” held on May 14-19 in Capaccio Paestum (Italy). The gold medal was won by Karim Fitouri’s “Olivko” and the three silver medals by Domaine Ben Ismail’s “Triomphe Thuccabor,” Nizar Haj Amor’s “Emeraude” and the north west oil Company “Oliviette,” according to the Exports Promotion Centre (CEPEX). This number of medals testifies to the importance…

The Confederation of Tunisian Citizen Enterprises (CONECT) .has received, on Thursday in Tunis, the ISO 9001 certificate, Version 2015, a standard that establishes the requirements for a quality management system, which will help businesses and organisations to increase efficiency and increase customer satisfaction. It is a partnership between the European Bank for Reconstruction and Development (EBRD) and CONECT, culminating in the completion of two major projects, namely the implementation of the ISO 9001 V2015 Quality Management System and the creation of new websites for CONECT and CONECT International, using state-of-the-art techniques.…