Nissan to set a pick-up assembly plant in Tunisia

Peyman Kargar, Nissan’s vice president announced on September 10, 2018, that his group would set a pick-up assembly plant in Tunisia in collaboration with the local group Mzabi. “This project whose implementation cost is $33 million and which will be realized in two phases in partnership with Mzabi group will help create 500 jobs”, the vice-president said. This was announced during a meeting between Peyman Kargar, Slim Feriani, Tunisia’s minister of industry and Moncef Mzabi, Mzabi group’s CEO. The minister of industry explained the importance of the automobile industry for Tunisia. “Tunisia…

Tarek Cherif presents to President Essebsi measures proposed by CONECT for 2019 Finance Bill for national economy recovery

President of the Confederation of Confederation of Tunisian Citizen Enterprises (CONECT) Tarek Cherif discussed with President Beji Caid Essebsi the economic and social situation of the country and programmes planned by CONECT to contribute to the economic revival in Tunisia. At a meeting on Thursday in Carthage palace, the President of the CONECT presented to the Head of State, the measures proposed by the confederation for the 2019 Finance Bill to contribute to the recovery of the national economy, the Presidency of the Republic said in a press statement. The…

UK tourist numbers to Tunisia show signs of recovery

The first signs of recovery in UK tourism to Tunisia following the 2015 terrorist attack in Sousse have emerged. A new study of data from the Office for National Statistics revealed a 537% year-on-year rise to 19,000 visits in the first quarter of 2018. The North African country saw the biggest increase in visitors from the UK of any country in the world, albeit numbers were still low. Research by Manchester-based luxury travel frim Rich Vein Travel disclosed that Finland achieved the second biggest increase at 92,000 UK visits –…

Tunisian-British Trade and Investment Forum due next October in London

The Tunisian-British Trade and Investment Forum is due to be held in London on October 10 -12, 2018, according to a note from the Tunisian Embassy in the British capital, published by the Export Promotion Centre (CEPEX). The forum is part of efforts to raise awareness among Tunisian business community about the business opportunities offered by the United Kingdom, which is the 7th customer and the 15th largest supplier of Tunisia, with an annual trade volume of 1.4 million dinars. Minister of Industry and Small and Medium-Sized Enterprises in charge…

BWA Yachting Expand Operations to Tunisia

One of the leading agency services for superyachts, BWA Yachting, has taken the move into North Africa by opening a new office in Tunisia. With offices in Spain, Corsica, Malta, France and Monaco, this move is set to cement BWA Yachting’s presence in the western Mediterranean. Spearheading the Tunisian operations will be Hatem Mrabet, a former local shipping agent with over two decades of nautical and hospitality experience. Mrabet appears confident in the move for BWA Yachting as he feels this is a case of being in the right place at…

Tunisia plans 1.7 GW solar complex

The solar park is set to be built across three phases and will be located in Tunisia’s southernmost region of Remada, in the Sahara Desert. The project was conceived by the Tunisian Government to support organic farming and improve security at the border with Libya. The Tunisian Government is preparing the ground for the development of a giant solar energy project in the Remada region, in Tunisian Sahara, in the country’s southernmost province of Tataouine. Director of Renewable Energy for the government-run National Agency for Energy, Agence Nationale pour la…

Tunisia’s economy starts to rebound but structural issues persist – IMF

IMF approved $249m loan to Tunisia in July as part of four-year reform plan. Tunisia’s economy is displaying signs of economic recovery following difficult years since the Arab Spring, but remains dependent on consumption and imports, with weak investment and high levels of unemployment, prompting calls from the International Monetary Fund to cut its fiscal deficit and stabilise public debt. “There are some encouraging signs that economic activity is picking up,” said Björn Rother, IMF economist and head of staff for Tunisia, in a note on Friday following a visit…

Tunisian industrialist should enjoy tax benefit as part of 2019 finance bill (Tarek Cherif)

The Tunisian industrialist who does not have any advantage will benefit, as part of the finance for the 2019 financial year, from a tax advantage or a bonus of 2 to 3% of the interest rate applied on bank credits, said Tarek Cherif, president of the Confederation of Tunisian Citizen Enterprises,(CONECT). In a statement to TAP, the official recalled that the Tunisian industrialist who faces several problems (heavy administrative management, funding problems, personnel management …) and traders should not be subject to the same tax regulations. The President of CONECT also…

Tunisair Adding Tozeur – Lyon Service from October

From an anticipated date of October 01, Tunisair is adding a Tozeur – Lyon route. A Boeing B737-600 aircraft is scheduled to operate this route once a week, on Mondays. Tozeur is an oasis and a city in south west Tunisia, located north-west of Chott el Djerid, in between this Chott and the smaller Chott el Gharsa. Lyon, the capital city in France’s Auvergne-Rhône-Alpes region, sits at the junction of the Rhône and Saône rivers. Its centre reflects 2,000 years of history including the Roman Amphithéâtre des Trois Gaules and…

Central Bank of Tunisia keeps key interest rate unchanged at 6.75 pct

The Central Bank of Tunisia (BCT) kept its key interest rate unchanged at 6.75 percent on Thursday, the bank said. Annual inflation rate eased to 7.5 percent in July from 7.8 percent in June, official data showed. In May the central bank raised the key interest rate by 100 basis points to 6.75 percent, the second hike in three months, to tackle inflation. The BCT board of Directors noted during its meeting the ongoing inflationary pressures despite the slight improvement in the inflation rate recorded in July, which reached 7.5%…