Category: business

Tunisia’s annual inflation held steady in May at 7.7 percent year-on-year, official data showed on Thursday. Inflation accelerated from 6.9 percent in January to 7.7 percent in April, its highest level since 1991. The central bank raised its key interest rate to 5.75 percent in March from 5.0 percent to tackle inflation. Prices of free products (non-administered) edged up 8.5% against 5.0% for administered products. Free food products rose by 10.6% against 2.4% for administered products. In May 2018, food prices rose by 9.3% year-on-year (8.9% in April), following the…

As recently as May, 2018, the Tunisian authorities issued a call to tender for the construction of several solar power plants. Tunisia has fixed itself ambitious objectives in matters of energy mix but, for now, the results are meagre. On 15th May, 2018, Tunisia announced pre-qualification for two international calls to tender for the construction of five solar photovoltaic power plants (500MW) and three wind farms (500MW) on a build-own-operate (BOO) basis, representing an estimated total investment of €1bn. Less than a week before, the government had given the go-ahead to…

Tunisia is expected to receive 8 million tourists in 2018, said President of Tunisian Association of Travel Agents (FTAV) Jaber Ben Atouch on Monday. According to Atouch, the prediction is based on indicators such as reservation rate and return of European tourists. “This successful summer season started since April, with the confirmation of 650,000 French tourists, an increase of 200 percent compared with the same period of last year,” said Atouch. Tunisia is also prepared to welcome more than 900,000 Russian tourists, “a rising market for Tunisia since 2011,” assured…

More than 1.2 million tourists are expected in the tourist area of ​​Sousse-El Kantaoui during the summer season with an increase in the number of overnight stays to 5 million, according to estimates of the regional tourism commission. From the beginning of the year until May 20, tourism indicators have improved with a rise in arrivals (37.1%). Indeed, 32,979 tourists visited the region and spent, in total, 13,763 overnight stays, up 47.5% over the same period last year. Tourism activity in the region saw a gradual return of traditional markets,…

ecovery for Tunisia’s tourism industry. Moevenpick Hotels and Resorts just today said it was cementing its stronghold in Tunisia with the take over of a contemporary hotel in the coastal city of Sfax. The Swiss hospitality firm signed an agreement with Société Touristique du Sud to manage the Plaza Sfax & Spa Hotel, an upscale property in a prime city center location on Rue Khalid Ibn Walid, close to the historic Medina. The hotel is a short walk to the convention center, another sign also MICE, the meeting and incentive industry…

Tunisia expects its grain harvest to fall to 1.4 million tonnes this season from 1.6 million tonnes because of lack of rain, the agriculture ministry said on Sunday. The crop includes 923 tonnes of durum wheat, 119 tonnes of soft wheat and 362 tonnes of barley. This year’s harvest is divided between 9.233 million quintals of durum wheat, 1.193 million q of soft wheat, 3.627 million q of barley and 308 thousand q of triticale, official from the Agriculture, Water Resources and Fisheries  told TAP. The yield per hectare reached…

Tunisia will raise fuel prices in the coming days but hold off increasing public wages this year to meet terms of the International Monetary Fund (IMF) for its next loan tranche, a government official and diplomatic sources said. The North African country also plans to sell Eurobonds worth $1 billion over the next two weeks to help fund a budget hammered by a deep economic crisis, the official told Reuters. The new austerity measures are likely to meet resistance from the powerful labour union UGTT and people tired of austerity,…

The Fund, central bank in agreement on tightening monetary conditions to reduce gap between interest rate and inflation Tunisia must act decisively to address mounting risks to economic stability by reducing its budget deficit and taking measures to protect the poor, according to the International Monetary Fund, amid government deadlock on reform plans. Tunisian authorities have vowed to act swiftly on urgent reforms to pave the way for a third review by the IMF’s executive board, scheduled for July, that would secure a $257 million loan, the fund said in…

Tunisie Telecom is dedicated to providing the country’s fastest data rate and best user experience. Thanks to their efforts, the number of LTE subscribers in Tunisia continues to increase, and with the dataflow of usage (DOU) per user having reached 4GB, traffic volume is also expected to increase by 370% in 2020. Key technologies of ‘All Business Connected @LTE’ (including 4T4R, 3CC CA, and 256QAM), can help operators provide the fastest LTE user experience possible. 4T4R increases network capacity by up to 80% without adding extra spectrum or sites, greatly…