Regulatory & Legal

Business law changes, compliance, and regulatory updates

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Legislative Elections on July 2: Special Leave Granted to Workers for Absence on Thursday

Legislative Elections on July 2: Special Leave Granted to Workers for Absence on Thursday

A 'special leave for absence without loss of salary', meaning 'the entire Thursday', will be granted to workers to enable them to exercise their right to vote without any hindrance, in anticipation of the legislative elections on July 2, according to a joint statement on Wednesday from the Ministry of Labor, Employment and Social Security and the General Directorate of Public Service and Administrative Reform.

Jul 1, 2026radioalgerie.dz
Extension until the end of 2026 for the domiciliation of invoices including freight charges

Extension until the end of 2026 for the domiciliation of invoices including freight charges

The Professional Association of Banks and Financial Institutions (ABEF) announced the extension, until December 31, 2026, of the exceptional authorization granted to banks for the domiciliation of import invoices including freight charges. In a correspondence addressed to the general managers of banks, dated June 28, 2026, ABEF indicates that it has been contacted by the services of the Ministry of Foreign Trade and Export Promotion regarding this measure, initially implemented as an exception. This decision thus allows establishments...

Jun 30, 2026ebourse.dz
The European Union begins implementing its trade agreement with America at the beginning of July

The European Union begins implementing its trade agreement with America at the beginning of July

Reuters reported, citing an official regulatory report from the European Union, that the bloc's part of the trade agreement signed with the United States last year will come into effect starting July 1, 2026, including the elimination of tariffs on many American industrial goods. The agency added that the new rules will remain in effect until December 31, 2029, with the possibility of extension later, as the report indicated that the European Commission will present, when appropriate, and after a comprehensive assessment, a legislative proposal to extend the validity period of the regulation.

Jun 30, 2026echoroukonline.com
Bank of Algeria Modifies Methods for Determining Excessive Interest Rates on Loans

Bank of Algeria Modifies Methods for Determining Excessive Interest Rates on Loans

The Bank of Algeria has issued a new directive regarding the methods for determining excessive interest rates on loans, which took effect immediately upon issuance. The directive number 06-2026 dated June 29, 2026, amends directive number 8-2016 dated September 1, 2016, concerning the methods for determining excessive interest rates on loans. According to the first article of the text of the directive published by the Bank of Algeria, …

Jun 30, 2026al24news.dz
Excessive Loan Interest Rates Under Scrutiny and Cases of Violation!

Excessive Loan Interest Rates Under Scrutiny and Cases of Violation!

Interest becomes excessive if it exceeds the market average by more than 5 percentage points. The decision amends instruction 08-2016 regarding the determination of excessive interest rates in a step aimed at recalibrating the legal framework governing the calculation of excessive interest on bank loans. The Bank of Algeria issued a new instruction that modifies the provisions of the instruction in force since 2016, clarifying the reference standard used for classifying loans with excessive interest rates, and establishes the total effective interest rate as the main criterion for measuring the cost of financing. The Bank of Algeria issued instruction number 06-2026, dated June 29, 2026, signed by the bank governor, Mohamed Amine Labou, to amend instruction number 08-2016.

Jun 30, 2026echoroukonline.com