Libyan-Tunisian trade set to increase in 2018 : General Union of Libyan Chambers

The head of the General Union of Libyan Chambers of Commerce and Industry, Mohamed al-Raeid, predicted a rise in trade between Libya and Tunisia this year due to measures put in place to facilitate trade between the two countries, the Tripoli-based LANA state news agency reported today. “The volume of trade between the two countries is expected to reach about LD 900 million dinars (US$ 643 million) in 2018, compared to about LD 500 million (US$ 357 million) in 2017’’, he said. Raeid said the reason for last year’s decline…

EBRD projects growth rate of 2.7% in 2018 and 3% in 2019 in Tunisia

The growth rate in Tunisia is projected to be 2.7% in 2018 and 3% in 2019, according to the latest forecasts of the European Bank for Reconstruction and Development (EBRD) in its Regional Economic Prospects report released Wednesday. The EBRD pointed out an improvement in the growth rate in the Southern and Eastern Mediterranean region as projected to increase from 3.7% in 2017 to around 4.4 and 4.8% in 2018 and 2019, respectively, on stronger external demand, rising investment and improved competitiveness as well as recovery in tourism on the…

Tunisian fruit exports up 180% from Jan to May 2018

Fruit exports from Tunisia did very well in the first five months of 2018. According to figures published by the Tunisian Agricultural Ministry, fruit exports rose by 180% in the same period in the previous year, with a 97% increase in value. Between January 2 and May 2, some 1,342 tons of fruit were exported to foreign markets, worth 7.71 billion dinars (€2.55 bln), compared with 478.7 tons worth 3.9152 billion dinars (€1.3 bln) in the same period in 2017. These figures, the Tunisian ministry noted, are explained by the…

Tunisia joins Morocco in electric car industry

Tunisia has stepped up its efforts to establish a large investment base in the automotive industry, assembly and installation in the region, materialising its partnership with the German “Leoni” group. Experts said that the frequent arrival of investments in Tunisia in the automotive industry, most recently the launch of the German Leoni Group, a new factory in the country, reflects the confidence of foreign investors in the business climate, which is starting to recover. The new unit will be dedicated to the production of electric vehicle components. Tunisia will join…

A Record Number of Awards for Tunisian Olive Oil

Following a record 38 entries, Tunisian olive oil producers take home 11 awards at the 2018 NYIOOC. Tunisian olive oil producers are celebrating a record win of 11 awards at this year’s NYIOOC World Olive Oil Competition. This year, 38 entries were received from Tunisia, with seven Gold and four Silver Awards going to Tunisian olive oils. This is important for the recognition of Tunisian olive oil in the world as a high-quality oil with its own personality.– Slim Fendri, Domaine Fendri Karim Fitouri was in New York to receive his awards…

Inflation for Tunisian household consumption reaches 7.7 % in April 2018

The inflation for Tunisian household consumption reached an alarming rate of 7.7 % in April, the Tunisian National Institute of Statistics (INS)  said on Saturday. The high rate is mainly due to the 8.9 % leap in food prices, and the 10.5% jump in transport expenses, the INC said in its report. Besides, the consumer price index (CPI) rose 1 percent in April. During the first quarter of 2018, Tunisia’s exports reached 10.2 billion dinars (4.08 billion U.S. dollars), while the imports hit 13.8 billion dinars, registering a year-on-year increase…

New Perspectives and Opportunities for Tunisian-British Partnership

An information workshop on the theme “New Perspectives and Opportunities for the Tunisian-British Partnership” will be held on May 9, 2018 at the Exporter’s House in Tunis, the Export Promotion Centre (CEPEX) announced on Friday. The meeting, which will be attended by several personalities aims to better understand the potential and opportunities for trade and economic cooperation between Tunisia and the United Kingdom, said the CEPEX in a statement. A strategic study on the improvement of trade and economic exchanges between Tunisia and the United Kingdom will be presented by…

Tunisia: Sousse-Tourism – 36 Percent Growth of Tourist Arrivals and 46 Percent of Overnight Stays

The tourism indicators in Sousse-Kantaoui are clearly growing, says Regional Tourism Commissioner, Bassem Ouertani, on Wednesday at the meeting of the Regional Tourism Council. The number of arrivals recorded from January 1 to April 20, 2018, reached 243,182 tourists, against 178,656 during the same period of 2017, i.e. an increase of 36%. Similarly, the number of overnight stays increased by 42% from 471,118 overnight stays to 669,085. Local tourism ranks first in terms of arrivals (134,136) and overnight stays (229,713). The Algerian market ranks second, with 44,586 tourists (+ 72%…

Russian automaker kickstarts sales in Tunisia

Official sales of Russian Lada cars have started in Tunisia. AvtoVAZ, the company that manufactures Lada vehicles, now exports its products to 30 countries. In Tunisia, the Russian manufacturer is represented by Artes, which is the North African country’s market leader in terms of car sales. “Customers are offered a three-door Lada 4×4 Urban car… equipped with air conditioning,” AvtoVAZ said on Thursday, adding that African hunters, veterinarians, farmers, and adventurers are among the targeted market. According to the company, the car’s starting price will be 38,650 Tunisian dinars (about $16,000). That…

Official start of Tunisian rating agency « PBR Rating » activity

The official start of the activity of the Tunisian rating agency “PBR Rating” was announced Thursday in Tunis, during the signing of a sponsorship agreement between the Tunisian professional association of banks and financial institutions and this agency. It will initially operate in Tunisia, before covering the rest of North Africa, as of September, starting with Cairo and Casablanca. PBR Rating was born from the initiative of a group of Tunisian financial, economic and legal experts, who since 2008 have been working on the roll-out of the financial rating activity…