Popular News From Popular Sites: Algeria faces struggle to attract investment

Monday, June 2, 2014

Algeria faces struggle to attract investment

ADVANCE FOR STORY SLUGGED ALGERIA CLOSED ECONOMY BY PAUL SCHEMM. In this photo dated June 28, 2014, Algerian Prime Minister, Abdelmalek Sellal, center, visits the American pavilion at the International Trade Fair in the Algerian capital, Algiers. A Harley-Davidson motorcycle is displayed on foreground. Prime Minister Abdelmalek Sellal said over the weekend that the government intends to encourage more foreign interest in the under performing agriculture, industry and tourism sectors. Algeria still has a positive balance of trade and hefty foreign reserves of $190 billion, but its energy production has been in decline since 2005 and analysts warn the country will eventually run out of money if it doesn’t change its profligate ways. (AP Photo) ALGIERS, Algeria (AP) — With its oil riches a decade past their peak, Algeria is under pressure to overhaul and open its economy. But a new plan to attract foreign investment faces an uphill battle in a country that has a business environment described as one of the most hostile in the world.




Read More http://ift.tt/1rCNKWm

No comments:

Post a Comment