Tunisia aims to cut 50,000 public sector jobs in reforms starting this year – minister

  Tunisia plans a voluntary lay-off programme for more than 50,000 public sector employees starting this year in a major reform to reduce high government spending, a minister told Reuters on Thursday. Minister of Public Functions Abid Briki said this key reform will start this year but did not give details on how long the reform would take. Reforms to the public sector workforce are politically sensitive in Tunisia.PUBLICITÉ invented by Teads At 13.5 percent of GDP, Tunisia’s public sector wage bill is proportionately one of the highest in the…

Silatech: 2016 A Year of Successes in Preventing the Radicalization of Arab Youth Through Job Creation

The year 2016 marked a year of significant milestones for Silatech, a regional social organization that works to create jobs and expand economic opportunities for Arab youth. Since its inception, the organization has worked tirelessly to position itself as a leader in social and economic empowerment to tackle the alarming rise of youth unemployment in the Arab region. By the end of 2016, Silatech succeeded in creating and sustaining more than 300,000 jobs for Arab youth through a network of more than 150 partners. Silatech’s key achievements included signing strategic…

Political instability, informal sector and access to finance are holding back private sector development in Tunisia (Report)

Political instability, the informal sector and access to finance are the main obstacles hindering the development of the private sector in Tunisia, according to a report by the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the World Bank Group (WB), presented by on Thursday in Tunis by EIB Head of Division Pedro De Lima. The report, which examines the reasons “holding back the private sector in the MENA region”, is drawn from a survey covering more than 6,000 private sector enterprises in the secondary…

IFAD to provide $24m to create new employment opportunities in Tunisia

Over 110,000 people in five of Tunisia’s districts in the Governorate of Siliana, home to some of the country’s most disadvantaged people, will benefit from a financial agreement signed today between the United Nations’  International Fund for Agricultural Development (IFAD) and Tunisia. The agreement for the Siliana Territorial Development Value Chain Promotion Project (PROFITS), which aims to create sustainable employment opportunities, was signed in Rome by Kanayo F. Nwanze, President of IFAD, and Moez Sinaoui, Ambassador of the Tunisian Republic in Rome. The total cost of the project is US$34.2…

Tourists gradually return to Tunisia after the 2015 militant attacks

Tourists are slowly returning to Tunisia ending a period of decline that followed the 2015 attacks, said the director of the Tunisian tourism office Abdellatif Hmam. The Director said owners of the Sousse hotel which was attacked in 2015 are in the process of renovation and must complete within 15 days. “2016 has been a calm year, without any terrorist incident, without any particular security problem. Therefore it was a year for Tunisia, overall, it was a year for the country to control its security,” he said. He noted that…

Tunisia to start roadshow for 1 bln Eurobond on Feb 5- gov’t source

Tunisia will start a roadshow for a Eurobond worth one billion euros on Feb. 5 with pricing set for Feb. 14 at 5-6 percent, a government source told Reuters on Thursday. Tunisia had announced in late November plans to issue a Eurobond worth 1 billion euros as it seeks funding to cover its deficit after the economy was hard hit following militant attacks against its tourism industry. Since its 2011 uprising brought democratic transition, Tunisia has been backed by international partners and multilateral lenders keen to see its transition succeed.…

Will Tunisia restore diplomatic ties with Syria?

During a parliament session Jan. 4, Tunisian Interior Minister Hadi al-Majdoub revealed the presence of a Tunisian security office in Damascus and said daily security coordination was taking place between Tunisia and Syria, even though diplomatic relations have been severed between the two countries since February 2012. The security office seems to have been operating for a while now. The resumption of security relations between Tunis and Damascus sparked speculation about the possibility of restoring diplomatic ties; this has long been a demand of Tunisian leftist and nationalist political parties and civic organizations.…