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Thursday, 25 December 2008 |
Though Algeria's economy remains robust, the country's overwhelming dependence on oil and gas exports as a revenue earner could mean a fall in state spending and income if energy prices continue their downward spiral, Algerian and international officials have warned.
This dependence was underscored by figures released on November 18 by the Customs National Centre for Information and Statistics, which showed that Algeria's trade surplus ballooned to $39.77bn in the first 10 months of the year, up from $26.07bn over the same period in 2007.
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Thursday, 25 December 2008 |
 Amid long-term, nation-wide transport infrastructure improvements, Algerian ports have seen notable expansions of late at the port of Oran and the new port of Djendjen in the province of Jijel.
Currently, Algeria's ports are infamous for low productivity and long wait times. Despite the fact that 95% of Algeria's international trade takes place via its sea lanes, the country's main commercial ports are unable to face trade developments, especially the port of Algiers. |
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Thursday, 25 December 2008 |
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Algeria has launched the latest wave of its extensive privatisation programme while the country's unions have threatened to try to hold back the rising tide of sell offs. |
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Mar 9, 2010, 9:23 pm GMT