Doing Business 2019: Tunisia jumps to 80th place of the ranking

For the first time since 2010, Tunisia was ranked 80th of the world economy after having accelerated the reform pace of the business environment in 2017, according to the Doing Business 2019 report: Training for Reform of the world Bank. The implementation of four new reforms the previous year helped Tunisia moves up 8 spots to 80th in Doing Business 2019. In the Maghreb, Tunisia and Morocco facilitated the registration of companies. The results of this report showed that the economies of the Middle East North Africa (MENA) region established…

Tunisia receives €270 million from European Commission

Tunisia received €270 million (some 900 million dinars) from the European Commission to fund Key sectors in Tunisia namely energy and taxation After a meeting between President Beji Caïd Essebsi and President of the European Commission, Jean-Claude Juncker on Thursday at Carthage Palace, four agreements were signed by Zied Laâdhari, Minister of Development, Investment and International Co-operation, and European Commissioner for Enlargement and Neighbourhood Policy, Johannes Hahn, The agreements in question provide for the financing of four programmes. They include a programme to support the energy transition (€50 million, 166…

German GIZ gives Tunisian Investment Authority technical support worth €5 million

The German Co-operation Agency (GIZ) donated the Tunisian Investment Authority a technical support worth €5 million to help the investment authority in its official start. The financial agreement was inked by Minister of Development, Investment and International Cooperation, Zied Ladhari, president of the Authority Khalil Laabidi, Resident Director of the GIZ Office in Tunisia, Matthias Giegerich and representative of GIZ, Tobias Seiberlich. The agreement is part of the “Investment Partnership” programme launched on June 12, 2012. The technical support will bolster the institutional capacity of the Tunisian investment authority, by…

Tunisia ranks 53rd in Global Illicit Trade Environment Index 2018: urgent measures needed to combat this scourge

The Tunisian-American Chamber of Commerce (Amcham Tunisia), Presented Thursday at a press conference held in Tunis the report which recommends « strengthening interagency cooperation at the national level, raising the profile on illicit trade, granting necessary financial and personnel resources and more aggressively enforcing anti-illicit trade regulations, mainly in the areas of Intellectual Property Rights violations and untaxed and unregulated parallel (grey) market imports. » Tunisia Ranked 53rd out of 84 countries by the Global Illicit Trade Environment Index that measures the vulnerability of states Faced with this kind of trade.…

AmCham Tunisia to organise conference on fight against illicit trade

AmCham Tunisia is organising on Thursday a conference on the fight against illicit trade in Tunisia and the Maghreb in cooperation with The Economist Intelligence Unit (EIU), the Transnational Alliance for Combating Illegal Trade (TRACIT) and Philip Morris International. The conference aims to highlight the latest updates on the illicit trade drivers from a global perspective and at the Maghreb scale, to improve awareness and understanding of the regulatory environment and the economic pillars contributing to the illicit trade prevention, according to a statement issued by AmCham Tunisia on Wednesday. The conference…

Deadline for projects of solar and wind energy tenders in Tunisia extended

Bids for the development of 70 MW of solar project and 130 MW of wind projects have been extended by two months i.e. to October 18, 2018. They were set for August 15, 2018, according to the Ministry of Industry, Small and Medium Enterprises. The capacity of the solar energy project for which tenders are being issued is divided into two categories: the first category applies to six projects with a maximum capacity of 10 megawatts, for a total capacity of 60 megawatts, and the second category, for a total…

CONECT, CDC sign partnership agreement

On the sidelines of the sixth conference of the Confederation of Tunisian Citizen Enterprises (CONECT)  on the Corporate Social Responsibility and Support for Entrepreneurship, a partnership agreement was inked between CONECT and the deposits and consignment fund (CDC). The gathering was attended by Minister of Industry and SMEs, Slim Feriani, CDC Director-General Boutheina Ben Yaghlène and CONECT President Tarak Cherif. The conference aimed to popularize the concept of Corporate Social Responsibility as a tool for corporate integration and rescue, given the new exigencies of the market. According to the participants,…

Startup system to take shape in first quarter of 2019

Minister of Communication Technology and Digital Economy Anouar Maarouf revealed at a plenary session of the House of People’s Representatives (HPR) on Monday, that the startup system, namely the fund of funds and the portal of startups, will become concrete in the first quarter of 2019. He said that his department is striving to reach consensus for appointing a president to head the committee granting the label “startup” and guarantee the presence of the public and private sectors including 4 private experts and experts within this structure. Maarouf reminded that Tunisia…

Tunisia hosts CEED Global Conference

Over 300 entrepreneurs and business leaders coming from 17 countries took part on October 18 and 19, 2018 in the Tunis Convention Centre, in the CEED Global Conference organised by the Center of Entrepreneurship and Executive Development (CEED). Some world-known twenty speakers were present attended the event along with  Minister Industry and SMEs Slim Feriani and U.S. ambassador to Tunisia Daniel Rubinstein. CEED Global Conférence is an opportunity to explore new horizons of entrepreneurship and develop an action framework with the best strategies and practices for strengthening and developing businesses. The participants made…

Imported olive oil prices rise as fire devastates European crops

Virgin olive oil prices are expected to rocket as crops have been hit by poor weather and devastating wildfires. Italian and Greek farmers are struggling this year, with their harvest down by nearly 60 per cent in some areas, while a smaller crop from Tunisia means worldwide production is set to dip 10 per cent. Wholesale prices of European extra virgin olive oil have already soared from €3,000 (R50 234) a ton to €6,000 (R100 000) a ton, in spite of a bigger than normal crop of Spanish olives.  In…