Export volume down 4% in 8 months of 2019

The volume of exports (constant prices) fell by 4% in the first eight months of 2019, compared to an increase of 4.6% in the same period in 2018, the National Statistics Institute (NSI) reports. The decline in export volumes in the first eight months of 2019 affected several sectors, including agriculture and agri-food (18.8%), textiles, clothing and leather (4.2%) and mechanical and electrical industries (2.1%), the same source revealed. In contrast, the volume of exports in the energy sector increased by 1.4% and that of other manufacturing industries by 4.4%.…

Thomas Cook predicts travel trends for 2020: bookings to Tunisia up more than double year-on-year

Family sales to Tunisia are up 50% for this winter In recent years, holidays to North Africa have crept up the holiday hotlist and this summer, family bookings to Tunisia were up more than double year-on-year. The non-Euro destination offers good value for money, family-friendly expeditions and soft white sands, plus a year-round Mediterranean climate, says a report published by Thomas Cook Group. Family sales to Tunisia are up 50% for this winter versus the same time last year and looking ahead to next summer, Tunisia shows no sign of…

Net foreign reserves reach 17,769 MD, 100 days of import as of September 9 (BCT)

Net foreign exchange reserves reached, Monday, September 9, 2019, for the first time in over two years, nearly 17,769 million dinars (MD), i.e. the equivalent of 100 days of import, according to data published by Central Bank of Tunisia (BCT).  Last year during the same period, foreign currency reserves were just under 11,009 MD, the equivalent of 70 days of imports. Tunisia’s foreign exchange reached 3 digits on Monday, exceeding the “recommended minimum security threshold” set at 90 days of import. Cumulative tourism receipts reached 3,933.5 MD according to the…

Mashrou3i project initiative for olive oil platform in Beja closes in Ben Ismail family reserve

The Mashrou3i project initiative to set up an olive oil platform in Beja ended on Saturday, September 7 in Toukaber in the Ben Ismail family reserve, bringing together nearly 30 actors from the olive oil sector (farmers, oil mill operators, SMSAs, bank and support structure representatives) to present the results of the collaboration initiated last February. This action is part of the activities of the Mashrou3i Programme to support farmers in the region, highlighting the need to bring together the stakeholders concerned to promote the value chain for olive oil.…

BCT and NBU ink MoU

The Central Bank of Tunisia (BCT and the National Bank of Ukraine (NBU) inked Memorandum of Understanding (MoU). , According to a BCT statement released Friday. The MoU aims to develop and expand a framework of knowledge and expertise sharing in different areas mainly Communication, Transformation, Monetary Policy and Currency Regulation,” reads the Statement. BCT Governor Marouane El Abassi placed emphasis on the importance of this MoU which would help the BCT to collaborate with an institution that initiates best practices.  “We share similarities with the NBU, particularly in the management of the phases…

TASDIR+, Carthage Business Angels launch cross-border operation to support Tunisian startups overseas

The TASDIR+ and Carthage Business Angels are launching a cross-border operation to support Tunisian startups overseas, which is due to be initiated as of September 2019, the Export Promotion Centre (CEPEX) said on Wednesday. The overall cost of the project is estimated at 2,727,500 million dinars. The TASDIR+ funds will repay up to 70% of the costs incurred by the project holder. This “StartUp Overseas” project aims to position the Tunisian innovative and high-potential startups in the international markets. Relying on innovation for a sustainable and high-added-value export, the TASDIR+…

Inflation still high despite disinflationary trend, BCT reveals in a report

“Despite the disinflationary trend that has taken hold in recent months, thanks in particular to a restrictive monetary policy, both headline and core inflation are still at historically high levels that do not favour an imminent return to global macroeconomic equilibrium,” the BCT notes in a business survey published on Tuesday. Thus, the recent medium-term forecasts of the Central Bank of Tunisia (BCT) have slightly lowered the expected inflation rate for 2019 as a whole to 6.9% from 7.3% in 2018. “On the outlook, the gradual attenuation of price increases…

ECON4Tunisia initiative presents its economic rescue plan

“About thirty concrete and feasible short-term proposals” to save the Tunisian economy currently in crisis were presented on Thursday in Tunis by economists Hakim Ben Hammouda, Zouhour Karray and Houssem Eddine Chebbi. They include 32 proposals formulated in a blue book prepared by 70 Tunisian economists working in Tunisia and abroad and recognized worldwide for their skills as part of the ECON4 TUNISIA initiative (Economy for Tunisia), Hakim Ben Hammouda stressed at a meeting with the press. “The objective being to put economic issues back at the heart of the…

Tunisia to take part in 4th China-Arab States Expo in Ningxia (FIPA official)

Tunisia will take part in the fourth China-Arab States Expo in Yinchuan, capital of northwest China’s Ningxia Hui Autonomous Region, next September. 5-8. “This participation in this economic event will be supported by the Foreign Investment Promotion Agency (FIPA),” Besma Laouini, FIPA-Tunisia consumer products promotion director said in an interview with Xinhua. She said that participation in this China-Arab States expo aims to identify investment opportunities in Tunisia and boost the Chinese companies and institutions’ investment in growing sectors in Tunisia, including the service and industry sectors. Laouini added that…