MONTHLY FLASH AUGUST 2020
Last update : 23 Juin 2021 10:52
- Serport: a digital exchange platform for the benefit of users
The Port Services Group Serport announced earlier this month the launch of a computerized data exchange platform for the benefit of port users.
This platform is accessible via a web portal dedicated to users of port companies1.
It allows the electronic declaration of the manifest, the electronic declaration of vessel announcements and the real-time consultation of vessel situations at the level of all the ports as it allows the real-time consultation of the resolutions of the ship localization at the level of all the ports.
- Start-up financing
The Start-up Finance Fund is expected to be operational later this month.
The announcement was made by the Minister Delegate to the Prime Minister, responsible for the Knowledge driven economy and Start-ups.
Also, he mentioned the existence of around 3,000 start-ups nationwide.
This number is expected to increase in the future by removing bureaucratic constraints and reducing tax burdens.
- Foreign trade: exemption of customs duties abrogated
The President of the Republic ordered the establishment of a multidisciplinary team to fight against over billing.
This decision was taken during the Council of Ministers held on the 9th of this month.
In this sense, the strengthening of cooperation with international bodies in this area was requested.
- Foreign trade: exemption of customs duties abrogated
The procedures for monitoring imports exempt from customs duties under free trade agreements, provided for in the executive decree (No. 10-89) of 2010, have been abrogated by a new decree.
The new decree stipulates the abrogation of the provisions of the decree 10-89 of March 10, 2010, amended and supplemented, setting the conditions for monitoring imports exempt from customs duties within the framework of free trade agreements. Article 2 of decree 10-89 requires any legal person carrying out a production or commercial activity, in accordance with the laws and current regulations, to submit a request for exemption from customs duties.
- Industry: the new Code of Investment ready before October
The Minister of Industry said Wednesday in Algiers that the new Code of Investment, to facilitate and encourage investment in the public and private sectors, will be finalized before next October.
The new Code of Investment, the development of which is drawing to a close, will be presented to the Council of Ministers at the next social return, said the minister in his speech during the meeting of the Government-Walis, chaired by the president of the Republic.
- Reduction of gas exports to 30 billion M3 from 2030
The Minister of Energy, Abdelmadjid Attar, insisted on Wednesday on the volume of future gas exports from Algeria which will be reduced from 2025 to no longer export from 2030 only 25 to 30 billion cubic meters (M3).
In a declaration to the APS on the sidelines of the work of the Meeting of Government-Walis, Mr. Attar noted that certain press organs, quoting his declarations, "caused mass disruption" on future gas exports from Algeria by showing 25 billion M3 from 2025, specifying that this is "completely wrong"
Underlining that the current text of the law, which entered into force in 2016, was
not sufficiently incentive for local producers and manufacturing industries, he explained that the new Code had the advantage of unifying the two legislative systems governing the activity in both public and private sectors.
- Occidental Petroleum Corp renounces the sale of its assets in Algeria
In a telephone interview with analysts on the 11th of this month, the president of "Occidental Petroleum Corp - OXY" declared that its oil assets are no longer for sale in Algeria.
This decision is a step back from the one taken last May.
This statement was made a day after the announcement of the first half of 2020 results which showed a depreciation OXY assets of $ 6.6 billion.
- Inventory of production assets in the public and private sectors
The Minister of Industry announced on the 13th of this month the launching of a study to identify local production capacities for both the public and private sectors.
This study is expected, among other things, to assess production levels and existing processing capacities on national territory.
4 See the May issue of our "Monthly Flash" (page 3).
- Industry: the appliance sector, the challenge of the integration rate
The CEO of ENIEM announced on the 14th of this month a program to integrate its products.
It expects to achieve a 70% integration rate with its Lebanese raw materials supplier LeMatic.
This integration program began in the second half of 2018 and concerns ten products from the refrigeration range produced by ENIEM.
It concerns for now sheet metal, paint, plastic, copper, aluminum and wire activities.
However, engine manufacturing is not yet integrated locally.
However, this program remains dependent on the financial consolidation of the company, which needs the rescheduling of its debt estimated at 6 billion dinars.
- COVID-19 and job losses
The Ministry of Labor, Employment and Social Security has just carried out an investigation of the impact of COVID-19 on the labor market.
The survey shows that 200,000 workers are without resources, more than 50,000 jobs have been lost and that 180,000 employees have had payment delays.
The survey covered 3,600 companies employing nearly 440,171 workers.
The results of this survey were made public by the Prime Minister during the Government-Walis meeting held on the 12th and 13th of this month.
- African Free Trade Area (ZLECAF).
The African Free Trade Area will enter into force on January 1, 2021.
This entry into force was to take place on July 1.
But due to the health crisis relating to COVID-19, it was decided to postpone it.
Negotiations on tariff concessions, which were to start on July 1, will resume.
These negotiations will take place through an African virtual platform for trade diplomacy under development.
This platform will take the form of a public-private partnership between the AU Commission and more than 20 African multinational companies.
In this sense, the Permanent Secretariat was installed on the 17th of this month.
Its headquarters is located in Accra (Ghana).
- Economic recovery conference
On the 18th and 19th of this month, the conference on economic recovery organized by the Government was held in Algiers.
This conference brought together officials, experts, economic partners and business and workers unions (UGTA).
It was organized around two plenary sessions and eleven thematic workshops.
It should be noted from this conference, among others, the decriminalization of the act of management, the will of the Government to achieve 5 billion dollars in exports out of hydrocarbons by 2022 and not to resort to external debt.
Also, it should be considered the establishment of an incentive program for local producers who have reached 60% integration.
- Algerian banks: creation of branches abroad involving the private sector.
The Minister of Finance announced on the 19th of this month that discussions are underway for the creation of foreign branches of public banks.
The novelty is the association of Algerian private operators in this process.
- Sonatrach: the effects of the crisis are being felt
On the margins of the conference on economic recovery, the Minister of Energy shared certain aspects reflecting the difficult financial situation that Sonatrach is going through.
First, he announced, on the 19th of this month, that Sonatrach is in discussions with the Ministry of Finance for a rescheduling of taxes payment.
The sale of the Augusta refinery (Italy) and its disengagement from the Tassili Airlines subsidiary cannot be excluded.
The downward adjustment of prices and quantities of Sonatrach's supply contracts with its foreign partners largely explains its financial difficulties.
- Transport sector
It is envisaged the creation of a new national airline, the development of rail transport as well as the consolidation of the maritime fleet.
The idea of creating a new national airline comes from the low supply compared to local and international demand.
The development of rail transport would make road freight transport easier.
These decisions were taken at the Council of Ministers held on the 23rd of this month.
- Export restriction
The Ministry of Commerce published, on the 27th of this month, a list of sixty (60) products banned from export.
This list concerns (08) product family.
The goal is to avoid a shortage in the domestic market.
This argument has been questioned by ANEXAL for products for which local production far exceeds local demand.
Exporting companies will have to reduce their production to adjust to local demand.
This adjustment could lead to job losses in export market shares that would be difficult to recover after the lifting of the ban.
- COVID19 :
Maintenance of the interest rate subsidy for businesses and individuals
During a meeting devoted to the sectors of finance, agriculture, water resources and trade, the Government decided to maintain the measure relating to the subsidization of interest rates for businesses and individuals.
This decision will take the form of a presidential decree to be issued in the coming weeks.
 Voir le numéro du mois de mai de notre « Flash Mensuel » (page 3).
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