Author: BGMN

Some 4.1 million tourists visited Tunisia until 10 September 2022, scoring an overall gain of 161.4% compared to 2021 and a gap of -38.1% compared to the figures for 2019, the reference year before COVID-19 pandemic. Minister of Tourism, Mohamed Moez Belhassine, said during a press conference in Sidi Bousaid that until 31 August 2022, the financial revenue of the tourism sector was 2,662.7 million dinars (about 819 million euros), marking an improvement of 161.4% compared to 2021 and a difference of -38.1% compared to the figures for 2019, the…

The Tunisia Africa Business Council (TABC) has announced that the fourth edition of the Tunisian-Libyan Economic Forum will be held from 12 to 13 October in Sfax. The TABC said that this edition will be marked by the active participation of the Chamber of Commerce, Industry and Agriculture of Misrata as a guest of honour with a high-level delegation of Libyan economic operators, reports the Libya Herald website. TunisianMonitorOnline

Tunisia’s trade deficit worsened by a record 56% in the first half of 2022, reaching 8.1% of GDP, while the budget deficit, exacerbated by rising energy and food subsidies, is expected to reach 9.1% in 2022, up from 7.4% in 2021, according to the latest World Bank report. Inflation in the country jumped from 6.7% in January 2022 to 8.1% in June 2022, leading the country’s central bank to raise its key interest rate, the first increase since 2020, the WB said in its “Tunisia Economic Monitor”. The slow economic…

The Tunisian-African Business Council, TABC, will hold a summit in September in Togo, a West African country considered a hub of opportunity for investors. The event, unique for this West African country, will take place from September 11 to 15. TABC said in a statement that the gathering is organized jointly with the Togolese Ministry of Investment Promotion, the Investment Promotion Agency, the Free Zone, and the Togo Chamber of Commerce and Industry. The West African country boasts a GDP of 5.3% and is the most dynamic banking sector in…

Officials from the International Monetary Fund (IMF) are visiting Tunisia for holding negotiations over a bailout package, the Central Bank of Tunisia (BCT) said. The BCT said the two-week visit involves officials from the bank and the finance ministry. The talks examine a reform plan presented by the government which aims to meet IMF conditions for loan experts say is likely to be worth around two billion euros. Tunisia has been suffering under a grinding economic crisis and exploding public debt exacerbated by the coronavirus pandemic and the war in…

The first floating solar photovoltaic power plant in the MENA region, located at Lac 3 in Tunisia, went into operation on Saturday with the aim of covering part of the energy needs of the district of La Goulette. The plant, which covers an area of 2 500 m2, has a capacity of 200 kWp, equivalent to the consumption of 130 households. It will provide 265MWh per year and will contribute to reducing 120 tons of CO2 equivalent per year. This plant, worth €500,000 ($528,765), is financed by the General Directorate…