Latest updates from the Algerian business ecosystem
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
The General Directorate of Taxes announced in a statement today, Sunday, July 19, the extension of the deadlines for filing declarations 'J 50', 'J 1', and 'J 12'. The Tax Directorate informed all taxpayers subject to the real profit system and the single flat-rate tax system under the Directorate of Large Enterprises, tax centers, neighborhood tax centers, and tax inspections that the deadlines for filing declarations J 50, J 1, and J 12 have been extended as follows: View the full content on Echourouk Online.
Verification of sanctions lists and individuals and terrorist entities within a mandatory 24-hour passage through banking channels for all real estate transactions, allocating more than 20 percent of the chamber's budget to enhance oversight, inspecting all notary offices nationwide in four oversight rounds. Abdel Salam Boujmaline, Vice President of the National Chamber of Notaries, reveals in an exclusive interview with “Echorouk” the behind-the-scenes of the battle Algeria fought to exit the gray list of the Financial Action Task Force “GAFI”, and the role notaries played in achieving this accomplishment, confirming that this gain paves the way for removing Algeria from the European Union's blacklist, which would enhance investor confidence and facilitate transactions.
Most homes and farms are not insured against fires; farmers are the most exposed to losses due to weak subscription. New insurance products to face climate disasters, digitization, and artificial intelligence to reduce compensation times. Hassen Khalifati, a member of the board of the Algerian Union of Insurance and Reinsurance Companies, warned that the expansion of fires in Algeria, due to heat waves and climate changes, is met with a clear weakness in the demand for fire insurance, which increases the losses incurred by families, farmers, and economic institutions when disasters occur. Khalifati explained, in a statement to 'Echorouk', that there are no accurate and updated statistics to determine the percentage of homes or farms...
It grants them the authority to sign contracts for economic property concessions.
Algeria - The General Directorate of Taxes announced today, Sunday, in a statement, the extension of the deadlines for subscribing and submitting a number of tax declarations for taxpayers subject to the real profit system and the single flat-rate tax system, in order to enable them to meet their tax obligations under the best conditions.
The Minister of Labor, Employment and Social Security, Abdelhak Sayhi, announced this Sunday in Algiers the opening of repair workshops related to the Labor Inspection Authority, starting next September. While overseeing the opening of the national evaluation meeting for the General Labor Inspection services, the minister announced the 'opening of repair workshops, starting from next September, which will include a review of the regulatory framework for regional labor inspectors, to establish the principle of justice and equal opportunities, along with a review of the basic law for labor inspectors, to keep pace with the requirements of the stage and contribute to improving public service.'
This Sunday marked the start of the national awareness campaign on 'Combating Informal Work', which will run until July 26, according to a statement from the National Social Insurance Fund. The same source clarified that the organization of this campaign is under the auspices of the Minister of Labor, Employment and Social Security, under the slogan 'Declaring Workers to Social Security: A Legal Duty... and a Commitment to a Constitutional Right'.
The Algerian Water Company launched a national campaign to update its customer data, titled 'Know Your Customer' (KYC), this Sunday morning, July 19, from the state of Mostaganem, according to a statement from the company. The central director of customers and communication at the company's general management, Salah Eddine Chrit, stated, as reported by Algerian television, that this operation, which includes all states of the country, aims to update subscriber data to create an accurate and comprehensive database, allowing for improved service quality and digitization of various processes related to customer relations.
SONATRACH announced in a statement today, Sunday, July 19, that the agreements signed in Berlin with Bosch and Siemens Energy, on the sidelines of the official visit by President Abdelmadjid Tebboune to Germany, will enhance cooperation between the two countries in the field of energy transition. President Tebboune receives senior German businessmen in Berlin (video) Watch the full content on Echourouk Online.
Algeria stands today at a new opportunity, as Europe frantically searches for reliable alternatives to Russian gas.
SONATRACH announced that the two agreements signed in Berlin with Bosch and Siemens Energy, on the sidelines of the official visit by the President of the Republic...
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