26 October, 2022


Finance Bill 2023 has been submitted to the Finance and Budget Committee of the Algerian Parliament, which will have to vote on it before the end of the year. The total budget is DZD 13.76 trillion (€98.3 KM) (9.86), equivalent to 71.5% of GDP of […]
25 October, 2022


The Algerian public group SONATRACH has signed two major contracts in the energy sector with Italian companies. The first, for an amount of € 400 million with TECNIMONT for gas extraction in the Algerian Sahara with a treatment capacity estimated at 10 million m3 / […]
4 October, 2022


France is sending to Algeria a large delegation made up of Prime Minister Elizabeth Borne, accompanied by 16 ministers of the French government. The delegation, which follows that of President Macron at the end of August, and includes the ministers of economy, interior, foreign affairs, […]
30 July, 2022

Spanish-Algerian relations: the chaos.

After the surprise publication, last Thursday 29/07/2022 by the Algerian “private” Banking Association (ABEF) of a note addressed to its associates announcing the end of the blockade to the domiciliation of payment documents of imports (and exports) from and to Spain, which had been established […]
29 July, 2022

End of the obligation to provide 120 % for 30 days, payments of imports for resale.

The Bank of Algeria sent last Thursday its instruction No. 02/2022, which suspends the obligation to provide 120% of the amount of import invoices for resale of goods, 30 days before the shipment of these, established in instruction No. 05-2017 of October 22. The rest […]
9 June, 2022

Suspension of direct debit of trade with Spain.

Through a note from the Professional Association of Algerian Banking and Financial Entities, commercial banks in that country are informed of the suspension of direct debit procedures for payments for international trade operations between Spain and Algeria. Although the body in question is not part […]
6 June, 2022

Suspension of the Treaty of Friendship between Spain and Algeria.

The official news agency APS, inform that Algerian’s government suspends the treaty of friendship, good-neighbourliness and cooperation with Spain, signed on 8 October 2002, in response to the radical change of the Spanish government in the Spanish position with regard to Western Sahara, favourable to […]
11 March, 2022

IMPORT: More bureaucracy.

The Algerian Ministry of Trade and Export Promotion has announced on Wednesday 9, through the FB page, the need for new documents to be added to the import files, which must be deposited in customs inspections, from next 13. In the absence of an official […]