Month: March 2020

The Central Bank of Tunisia (BCT) Board of Directors met Tuesday for setting exceptional measures to back up the national efforts to curb the economic repercussion of Covid-19 pandemic. The BCT decided to reduce its key interest rate by 100 points to 6,75 %, to help reduce the financial burden of people indebted to banks. The key rate cut will also help reduce the financial burden on businesses, namely small- and medium-sized enterprises (SMEs), to safeguard their survival and their workforce. Besides, the BCT further affirmed readiness to provide the banks with…

In this period of general psychosis caused by the rapid spread of the coronavirus throughout the world, there is no need to be familiar with the economic and financial mysteries in order to understand the extent of the serious crises that could ensue. Because behind this health crisis, it is the financial crisis that threatens with its share of repercussions on the real economy – already dramatic in the West – and from which we, in turn, cannot escape. Aware of this situation and anxious to limit its negative repercussions…

Tui has announced it is suspending a vast amount of its operations due to coronavirus, Oxford Mail reported. Flights to destinations such as Spain, Cyprus, Malta and Tunisia have been impacted, the same source said. The travel group said in a statement this morning: “In this rapidly changing environment the safety and welfare of our guests and employees worldwide remains of paramount importance and thus Tui Group has decided, in line with government guidelines, to suspend the vast majority of all travel operations until further notice, including package travel, cruises…

The Tunisian land border with Libya has been closed due to the COVID19, Transport Minister Anouar Maarouf said on Monday. Besides, he inspected Monday morning the implementation of measures to prevent the spread of the Coronavirus in the metro stations and Tunis marine TGM trains station. Tunisia, which has confirmed 20 cases of the coronavirus, has imposed restrictions on flights with some European countries and stopped sea travel. Last Saturday, Anouar Maarouf said at a press conference necessary measures will be taken to repatriate Tunisian nationals stranded abroad. The number…

The Tunisian and Algerian carriers plan to schedule about twenty charter flights from Oran (north-west Algeria) to Monastir International Airport from 17 July to September 2020, with 10 flights each. This programme is part of the promotion of Tunisia and particularly the region of Sousse, which is very popular with the Oran people, representative of the Tunisian National Tourist Office in Oran, Saâd Khemiri, told TAP on Friday March 6. The Algerian market remains unavoidable in the tourist zone of Sousse-El Kantaoui where it occupies the second rank of the…

The inflation rate slipped into 5.8% in February 2020 as it was standing in January at 5.9% and 6.1% in December, the National Institute of Statistics (INS) published these data on Thursday. The ongoing slowing down in the pace of increase of food prices (3.7% against 4.4% last month and 5.8% the month before), is the origin of this fall the INS said. In another connection, the Central Bank of Tunisia (BCT) revealed that the gross domestic product (GDP) in Tunisia fell to 1% in 2019, in comparison to 2,7%…