The Algerian Agency for Investment Promotion continues to intensify its efforts to attract foreign direct investments by exploring the localization of new projects in strategic sectors including pharmaceutical, electrical household appliances, and food industries, through meetings held by its Director General Omar Rkash with delegations and representatives of international companies. According to a statement from the agency, Rkash discussed with a delegation from the Indian company 'Tenshi', a global leader in the pharmaceutical industry, opportunities to enter the Algerian market through investment projects in partnership with local operators, especially in the production of raw materials intended for the pharmaceutical industry, which supports the development of the local value chain and enhances national production capacities in this vital sector.
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.
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.
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