Overview

Paying dues: An overview of local tax regulations
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The Algerian tax system has been stable for 20 years under the current structure, which was designed in 1992. Both direct and indirect taxes have been simplified with appropriate regulations and a specific code of fiscal procedures, with a significant decrease of rates for income tax. The new rules implemented in 2009 for foreign direct investment (FDI) have slightly changed some tax codes with…

Overview

Growing potential: State-backed efforts continue to increase domestic production, improve food security and reduce the import bill
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On the back of significant growth over the last decade, Algeria continues to witness an increase in local agricultural production owing to efforts to modernise the sector and boost investment. While the country is still dependent on imports to ensure food-sufficiency, the government is committed to plans to intensify production and reduce the food import bill. By virtue of the 2010-14 Public Investment…

Overview

Care and attention: The sector is receiving government support after years of playing second fiddle
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For the past three decades Algerian tourism has lagged behind its competitors, with the country in recent times engaged in restoring stability following la décennie noire of the 1990s. However, now that the security issue is largely in hand, Algeria is looking to develop the sector as it aims to ease its dependence on hydrocarbons revenues by pursuing more sustainable sources of growth, capitalising…

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Hit the books: With the number of students set to expand rapidly, efforts are under way to modernise offerings
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With significant improvements in education over the past decade, Algeria now has a primary enrolment rate over 95% and has made considerable progress in eliminating illiteracy, the rate of which is now under 8% for those aged 15-24. However, with more than 70% of the population under the age of 30, the number of students entering the school system every year is expected to continue to rise. Primary…

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Open for business: An increase in private players means a boost for the industry
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The government has increasingly shown signs that it intends to introduce more liberalisation measures, despite continued concerns over some content constraints. This opening up is coupled with increased competition between new players, which is set to improve national media, diversify viewpoints and deliver on a demand for unbiased news. PRINT MEDIA: Since the liberalisation of the press in…

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The past is present: A rich variety of archeological offerings provides a window into history
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There are a number of reasons for cities to grow, such as trade, the harvesting of resources or the fortification of border areas. Those developed by the Romans in what is today Algeria are no exception. The area was rich in resources and was located on the shores of the Mediterranean, the Western world’s greatest trading corridor. It was populated by restive Berber tribes who had fought…

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The new normal: As rates of non-communicable diseases increase, a number of segments are targeted for expansion
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Significant improvements have been made since independence in Algerian health care and more are under way to increase access to quality services and align the sector with international standards. Health indictors have gotten better since the 1960s – overall life expectancy at birth has risen from 49 in 1962 to 76.3 in 2010. This can be explained by a fall in child mortality rates, improved maternal…

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All part of the plan: Local industries get a boost as the government seeks to reduce imports and diversify the economy
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As part of the 2010-14 National Development Plan Algeria intends to reduce its dependency on oil and gas by nurturing the development of local non-hydrocarbons industries. Initiatives aim to encourage the establishment of value-added industries to meet the needs of the domestic market and gradually replace imports. As part of this effort, since 2009 the government has provided substantial financial…

Overview

New trends: The future lies in modern shopping outlets
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Benefitting from rising income levels supported by economic growth and strong hydrocarbons receipts, the country’s young and growing population increasingly expects to find international brands in local shops. While smaller, informal outlets still dominate the retail landscape in Algeria, new and modern shopping centres have recently started to spring up, particularly in the major cities. As…

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Rising potential: The private sector’s market share looks set to continue expanding
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Although underdeveloped by both international and regional standards, Algeria’s insurance market has seen rapid growth in recent years. Public companies dominate the sector, but private firms are gradually increasing their market share. Property and casualty products make up the bulk of premiums, accounting for 92.4% of premiums in 2011, on a total of AD79.83bn (€766.36m), while the life market…