Today, Tuesday, the launch of a new investment project by the Turkish group HAYAT DHC in Algeria was announced, following the delivery of the investment registration certificate by the Director General of the Algerian Agency for Investment Promotion, Omar Rekach, to the group's representatives, allowing the project to officially enter the implementation phase. The project involves the establishment of an industrial unit for the production of large-sized paper rolls with a capacity of 70,000 tons annually, in addition to the production of 24,275 tons of paper tissues and 20,000 tons of sanitary paper products annually, which enhances national production of the raw material for paper manufacturing and contributes to reducing imports. 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.
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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