The Algerian Popular Bank (CPA) and the Guarantee Fund for Loans to Small and Medium Enterprises (FGAR) signed a partnership agreement yesterday, Sunday, aimed at guaranteeing operating loans directed to small and medium enterprises, as part of supporting financing and enhancing economic activity. The signing ceremony took place at the headquarters of the Algerian Popular Bank, under the supervision of the general directors of both institutions, with the Guarantee Fund for Loans to Small and Medium Enterprises represented by General Director El Hadi Tamam, while the Algerian Popular Bank was represented by General Director Ali Kadri. Read the full content on Echourouk Online.
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.
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.
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...
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