Today, Monday, the Algerian Agency for Investment Promotion hosted the start of preparatory meetings to establish a new partnership program between Algeria and the European Union. The program, titled 'Partnership between the European Union and Algeria for Business', will last for sixty months. The International Trade Center, appointed by the European Union for the necessary technical support, will oversee its preparation. The program aims to promote investment and improve the business climate.
Oran - Work is underway on an investment project to establish a tire manufacturing plant in the industrial zone of Hamoul in the municipality of Tefraoui, Wilaya of Oran, with a progress rate of 48 percent, according to what was learned today, Monday, from the state's services.
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Algeria - The Minister of Foreign Trade and Export Promotion, Kamel Rezig, discussed today, Monday in Algiers, ways to enhance trade exchanges and expand economic cooperation with both Somalia and Russia, according to a statement from the ministry.
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The national economy is expected to continue its positive trend in 2027, with a projected growth of 4.2 percent, thanks to the anticipated performance of sectors outside hydrocarbons, particularly industry, construction, services, and agriculture, according to the draft finance law for 2027 presented by Finance Minister Mohamed Lamine Lobou today, Monday, before the Finance and Budget Committee of the National People's Assembly.
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