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Tunisia joins states pushing to escape EU tax haven blacklist

Brussels accused of undermining own efforts to help nation fight terrorism Tunisia is seeking to persuade the EU to take it off a tax haven blacklist as countries around the world deploy geopolitical arguments against Europe’s crackdown. President Beji Caid Sebsi has said friendly EU states led by France are ...

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Revival of the Tunisian banking sector will depend on aggressive reform, says report

S&P Global Ratings regards Tunisia’s banking sector as a weakness for its economy, and a significant source of contingent liabilities for the government, according to a report entitled, Ambitious Reform Is Key To The Revival Of The Tunisian Banking Sector. The Tunisian banking system continues to suffer from long-standing structural and ...

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We Got Funded: Video Content Startup Buzzkito Raises US$1.7 Million From AfricInvest

Stirring up MENA’s video development scene, Morocco-born startup Buzzkito has raised US$1.7 million in a Series A round, from AfricInvest, a Tunisia-based private equity fund managing $1 billion assets and more than 140 portfolio investments. Founded in 2006, the startup was launched by founder and CEO Mehdi Benslim, who noticed the lack of ...

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Tunisia raises fuel prices in push to reduce deficit

– Tunisia announced on Sunday the second increase in fuel prices in six months, raising the price of petrol by 2.85 percent as the government tries to rein in the budget deficit. The price of a liter of gasoline will rise from 1.75 dinars to 1.8 dinars from Monday, the ...

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Tunisia Sees Opportunity in Organic Production

Ninety-five percent of Tunisia’s olive groves are tended using traditional practices without the use of any pesticides. Tunisia’s olive oil industry is increasingly turning its focus to the development of organic processes and the marketing of its organic olive oils as a strategy to increase exports. A government official confirmed ...

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Tunisia’s annual inflation reaches 6.3 % in November

Tunisia’s annual inflation rate reached  6.3 % in November from 5.8 % in October, according to data released by the Central Bank of Tunisia (BCT) on Thursday. The food price index was 10.2 % in November against 8.4 % in October, the data revealed. The BCT kept the main interest ...

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Tunisia working on issue of duties on Turkish goods

Tunisia is working to resolve the issue of duties on Turkish imports through developing exports from both countries, Tunisia’s minister of development, investment and international cooperation said on Thursday. “We are working to resolve this issue, and we have the commitment from the Turkish head of state and the Turkish ...

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African Development Bank supports Tunisia digital plan with new loans

The African Development Bank has signed two new loans for the government of Tunisia. The financing will support increased technical education and training and the National Strategy Tunisia Digital 2020. The first loan of EUR 72 million will support the development of technical and technological skills at schools, to help ...

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Tunisian Tourism starts to show recovery: Foreign Tourist arrivals up 23

The number of foreign tourists in Tunisia rose by 23%t in 2017 compared with the previous year, official data revealed. Tourism revenues were, on December 20, 2017, at 2,696.5 million dinars registering an evolution of 16.3% compared to the previous season, according to the same source. August was marked by ...

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The Sahara: a solar battery for Europe?

TuNur, a small company based in the UK, has applied to the Tunisian Government to begin construction of a 4.5GW concentrated solar power (CSP) project in the Sahara Desert. If successful, the energy generated will be transported via underground cables to Italy, Malta and France, providing Europe with a new, ...

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