Category: business

“A bill on the promotion of start-ups to encourage entrepreneurship with digital content has been adopted by the Cabinet meeting and will soon be tabled in the House of People’s Representatives (HPR) for approval,” Prime Minister Youssef Chahed said on Monday. Speaking at the closing of the Tunisian-Spanish business forum, held at the headquarters of the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA), on the theme “Tunisia-Spain: Economic Reforms and Investments”, he recalled the major reforms initiated by the government to improve the climate, referring namely to the new…

Tunisia’s National career Tunisair’s passenger traffic increased by 17.1% in 2017 compared to 2016, making it possible to the airline company to improve its revenues by 29%, to more than 1,280 million dinars (MD) against 995.1 (MD) last year, with a market share (at Tunisian airports) of 41.8% against 39.8%, according to data published Saturday by the company. The passenger traffic (all activities combined) leaped from 2,991.841 to 3,502.475 passengers. Regular and additional traffic edged up by 11.6%, to 3,197.641 in 2017 and the charter and pilgrimage activity rose by…

Since early 2018, the Stock of Reserves has been under heavy pressure, bringing it back to 82 days of import (equivalent to 1.161,0 MTD), as a result of the important currency settlements which Tunisia usually makes at the beginning of the year for the constitution of the stocks of raw materials, as well energy, food and industrial, meant to support the economic activity, in addition to the payments for the service of the debt, announces the Central Bank of Tunisia Friday in a statement. “However, the level of the stock…

Impact Partner will set an investment fund worth between TND500, 000 and TND2 million ($208,300 and $833,192). This was announced by Leila Charfi, the firm’s managing director, Ecofinagency reports. The firm which provides companies with financing and technical support to improve their financial profitability targets SMEs through this new initiative, the source said.  With this, Impact Partner expects to create jobs and reduce the unemployment rate in the country. “Beneficiary companies will have to hire 30 to 45 jobless people within 3 years,” she said. Impact Partner supports social entrepreneurs in pre and…

Tourist numbers to Tunisia will hit a record high this year, fully reversing the damage inflicted on the sector by attacks on holidaymakers in 2015, the tourism minister said on Wednesday. After three years of shunning Tunisia in the wake of a gun attack on a beach in Sousse that killed 39 tourists and one at the Bardo National Museum in Tunis that killed 21, major European tour operators have started to return. “We aim to receive 8 million tourists this year with strong booking rates from European customers and…

The revenue of date exports for 2017/2018 stands at 331.807 million dinars (MD) thus reaching record up 22%  compared to  last season (271.727MD). The dates exported jumped by 6% since early this season (October 1, 2017) reaching 54,519 thousand tonnes February 21, 2018, against 51,391 thousand tonnes, the Agriculture, Water Resources and Fisheries Ministry said. In the same period, organic dates export reached 6,876 tonnes against 5,263 tonnes in the same period of last season, a leap of 30.6%. This record increase is due to the rise in the quantities…

Over 8,000 people are expected at the two-day entrepreneurship fair, Riyeda, which opened Wednesday in Tunis TAP reports. Representatives of public and private financing and support structures, young graduates with innovative ideas, job seekers, Tunisian and foreign experts as well as entrepreneurs are taking part in the fifth edition of this fair. Financing structures and event sponsors representatives  emphasised the need to strengthen the culture of entrepreneurship in order to create a generation of young entrepreneurs able to establish businesses and generate jobs. Winners of the Startup Tunisia Award were unveiled…

The first Chinese chartered-flight tourist group arrived in Tunisia on Tuesday, as the North African country expects to attract more people from the world’s biggest tourist market. The trip route of the 165-tourist group, organized by China Youth Tourism Service (CYTS), one of the biggest tour operators in China, covers Tunisia, Morocco and Algeria. Song Chenxi, a tourist group member who works in Beijing, said she was impressed by the “half sea and half flame” of Tunisia when she first travelled to the country in 2012. This is why she…

President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti announced, after his meeting sith President Bej Caid Essebsi in Tunis, that EBRD’s next Regional Investment Summit will be held in Tunisia in November 2019, The cooperation with Tunisia is symbolic and important for the EBRD which supports Tunisia’s economy, said Chakrabarti. According to Chakrabarti, the EBRD will continue to support Tunisian economic and financial policy by financing a series of projects launched in the interior regions of the country and supporting Tunisian small and medium-sized enterprises by…