Economy News

algeria housing units

Algeria: US$12 billion to build 300,000 housing units

Algerian public banks are to allocate up to DZD 1,200 bn (US$15 bn) in a large-scale program to build 300,000 housing units under hire-purchase and public promotion schemes, Mohamed Djellab […]

renewable energy

DZD 100 bn for renewables by 2030

Youcef Yousfi, Minister of Energy and Mines,  announced a government decision to spend DZD 100 bn or EUR 1 bn on the enhancement of renewable energy production in Algeria by […]

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Algeria and South Korea Sign Customs Cooperation Agreement

A customs agreement aimed at strengthening cooperation and trade between Algeria and South Korea was signed on May 8, 2013 in Algiers. The agreement, inked by Mohamed Abdou Bouderbala, Director […]

algeria-germany

Algeria and Germany signed the Joint Committee Minutes in Berlin

Algeria and Germany signed on May 7, 2013 in Berlin the minutes of the 3rd session of the Joint Economic Committee, in the presence of Cherif Rahmani, Minister of Industry, […]

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Algeria-Spain: Signature of Five Partnership Agreements

Algeria and Spain signed five memorandums of understanding on industrial partnership through Algerian and Spanish enterprises at a bilateral business forum held in Algiers on April 15, 2013. The signature […]

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African Security Issues Topped the Agenda of the Bouteflika – Zuma Meeting

‘We have dedicated more time to African security issues’, South African President Jacob Zuma said to the press after his talks with President Abdelaziz Bouteflika. ‘As Africans, we believe that […]

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Algeria – Bulgaria: A Business Council to Enhance Economic Cooperation

An Algerian – Bulgarian Business Council was created on 20 February 2013 in Algiers to trigger a new momentum in the economic relations between the two countries to attain a […]

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President Bouteflika gives audience to Bulgarian Foreign Minister

On 19 February 2013, President Abdelaziz Bouteflika gave audience to Bulgarian Foreign Minister Nickolay Mladenov who is on a visit inAlgeria. The meeting took place at the Djenane El-Mufti Residence in […]

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Prime Minister Sellal meets with Bulgaria’s Foreign Minister

On 19 February 2013 in Algiers, Algerian Prime Minister Abdelmalek Sellal met with Bulgaria’s Foreign Minister who came on a working visit to Algeria at the invitation of his Algerian […]

Balancing The Account By Hand

Economic Public Enterprises Exempted from the Procurement Mechanism

A New Public Procurement Code Upon approval by the Council of Ministers end 2012, the new Public Procurement Code was enforced by a Presidential Decree published in the first issue […]

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Foreign trade: A surplus of USD 23 billion for the first ten months of 2012 (Customs Office)

Algeria’s foreign trade has shown a surplus of $23.322 billion for the first ten months of 2012 against $18.43 billion for the same period of 2011, up by 26 percent, […]

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Portugal and Spain to Build 100,000 Homes in Algeria

Portugal and Spain will build 100,000 homes in Algeria through the creation of joint ventures with local partners. This is how the government hopes to boost housing. Algeria has commissioned […]

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Housing: A New Strategy Is Taking Shape in Algeria

By Riyad Hamadi The Government’s new housing strategy is taking shape. After a massive social housing construction work done mainly by Chinese companies,Algeriais aiming at the diversification of its partnerships […]

Algeria’s Foreign Trade According to Major User Groups Period : July (2011/2012)

Milion dinars/dolars Imports July 2011 July 2012* Evolution (%) Dinars Dollars Structure (%) Dinars Dollars Structure (%) Foodstuff 60139 834 20,17 58171 721 18,58 -13,55 Energy & Lubricants 8 081 […]