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ALGIERS – The average annual inflation rate in Algeria reached 2% late September, the National Statistics Office (ONS) said on Wednesday.

Future is in processing industry

Wednesday, 21 October 2020 13:40
BATNA- Prime Minister Abdelaziz Djerad affirmed Wednesday, in Batna, that the “future is in the processing industry.”
ALGIERS- Minister of Energy Abdelmadjid Attar reiterated Tuesday Algeria’s willingness to develop a mutually beneficial cooperation with the African countries in the field of energy, the Ministry of Energy said in a statement.
ALGIERS- Energy Minister Abdelmadjid Attar said Tuesday in Algiers that the draft amendment to the Constitution, which will be put to referendum on November 1, guarantees the country's total sovereignty over its natural resources.
BOUIRA (Algeria)- Minister of Trade Kamel Rezig said Tuesday his department is committed to provide more support to producers and exporters so as to give a fresh impetus to the national market and boost exports and the country's economy.
ALGIERS – Chief Executive Officer (CEO) of the Credit Populaire d'Algérie (CPA) bank Mohammed Dahmani announced on Tuesday in Algiers the official launch of a new service dedicated to SMEs and startups.
ORAN (Algeria)- A cargo of 240,000 square meters of fire-resistant and waterproof plasterboard have just been exported to Morocco, the exporter company Knauf Algeria said Tuesday in a statement.
ALGIERS- Minister of Energy Abdelmadjid Attar insisted Monday on the importance, for the signatory countries of the OPEC and non-OPEC Declaration of Cooperation, to honor the commitments to reducing the production in order to rebalance the oil market.
ALGIERS – National hydrocarbon group Sonatrach has experienced a significant income shortfall worth $10 billion until end September 2020 compared to the same period in 2019. The shortfall caused by the Coronavirus pandemic, led to a 41% decline in the Group’s exporting turnover, it said in a release.
ALGIERS- Members of the National People Assembly’s Finance and Budget Committee demanded on Monday further measures to safeguard the economic companies impacted by the Coronavirus pandemic.

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