Algiers Economic Situation in 2017: Correct Results despite Severe Economic CrisisSource: www.export-egypt.com 4/14/2018, Location: Africa |
|
|
|
|
|
Prime Minister Ahmed Ouyahia affirmed , in Algiers, that the results achieved by Algeria in 2017 were “correct” despite a severe economic crisis due to a drastic drop in oil prices.
Speaking in a press conference devoted to the presentation of the government’s record, Ouyahia said that “the year 2017, in which the Revenue Regulation Fund had expired, having thus impact including on equipment budget, recorded correct results.” Prime Minister said that the national economy recoded in 2017 an investment of DZD3,500 billion (about USD30 billion) through public budget and bank credits. “We can add, and without exaggeration, 50% to this amount (DZD3,500 billion) from direct investments and black economy,” he underlined. This economic activity, said Ouyahia, had results at first at the level of the national non-hydrocarbon growth which reached 3.7% in 2017, according to data of the National Office of Statistics (ONS). By including hydrocarbons, which experienced a negative growth caused by a number of factors, including the respect of Algeria’s commitment to reducing its production in accordance with the decision of the Organization of the Petroleum Exporting Countries (OPEC), the overall national growth reached 2.2% in 2017, he said. |
|
|
Financials and Investment News in Algeria >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Algeria Oil & Gas 1 >> |
