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Plan to unify Med electric network

Fourteen projects for a global investment of 16 billion euros will connect over the next few years countries overlooking the Mediterranean in one sustainable electrical network able to provide energy to some 500 million consumers. This is thanks to the action plan launched by Med-Tso, the association formed by 20 ...

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Tunisia seeks to recover USD 2.72 billion of bad loans

A committee will be set up to monitor this work, which will include five lawmakers Tunisia plans to recover 6.5 billion dinars (USD 2.72 billion) of bad loans in three public banks as part of its banking reforms, the minister of economic reforms told Reuters on Tuesday. Banking reform was ...

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Tunisia plans 1-GW wind, solar auction this month

Tunisia is expected this month to launch a tender for the procurement of 1,000 MW of wind and solar power, representing an investment of TND 2.5 billion (USD 1.04bn/EUR 847m), Reuters reports, citing a top government official. The international tender is scheduled to start on April 27, Prime Minister Youssef ...

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Olive oil: EU Exceptional support promised to Tunisia falls short of expectations, according to TOE

The exceptional two-year (2016-2017) support that the European Union (EU) promised to Tunisia, in terms of customs clearance for the export of Tunisian olive oil destined for the EU, “fell short of expectations, “said the Tunisian Observatory of Economy (TOE) in an article entitled” Assessment of temporary European support for exports ...

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Google Merchant Account launched in Tunisia

Google launched, on April 7th, the Google Merchant Account service in Tunisia, which allows developers, project promoters and IT engineering services companies to open a Merchant Account and start sell their applications and services over the internet and enjoy the status of “Google Play”, the Ministry of Communication Technologies and ...

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Tunisian-Libyan Business Council established to foster economic relations

The Tunisian-African Business Council (TABC) on Friday in Tunis launched the first Tunisian-Libyan Business Council. The aim of this council is to focus on a better economic rapprochement between the two countries and provide the necessary support to relaunch trade and investment between the two business communities, said Bassem Loukil, ...

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ICD signs commitment letter and memoranda of understanding with Tunisian companies

The Islamic Corporation for the Development of the Private sector (ICD) signed a commitment letter with Caisse des Dépôts et Consignations (CDC), Tunisia, as well as seven memoranda of understanding, namely with CDC, Wifak Bank, Zitouna Tamkeen, Intilaq Fund, BFPME and UGFS. The signing ceremony was held at the Four ...

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Energy: Med-Tso project redraws Mediterranean electricity

Eighteen countries joined together to create a safe and sustainable Mediterranean electricity network towards a single energy market. The Mediterranean project, managed by 20 partners of 18 EU and non-EU countries, and led by Med-Tso, the association of electricity managers in the Mediterranean area, was launched in 2015 and throughout ...

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Tunisia plans to launch solar and wind projects worth USD 1 billion in a tender

Tunisia will launch a global tender on April 27 to build 2.5 billion Tunisian dinars (USD1 billion) solar and renewable wind power plants, Prime Minister Youssef Chahed said on Thursday. Speaking at an energy conference that the tender aims to produce 1,000 megawatts of electricity from solar and wind power ...

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Tunisia’s Dinar Must Weaken Further to Boost Economy, IMF Says

-Nation’s currency depreciated 19% against the euro last year -Economy is still struggling seven years after Arab Sprin Tunisia’s dinar must weaken further this year if the North African country is to boost exports and revive an economy battered by political upheaval since its 2011 uprising, the International Monetary Fund said.  “I ...

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