Algeria .. “decision” against companies affected by Corona

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Energy revenueAnd, following a previous decision this year to suspend the implementation of corporate sanctions for delays in the implementation of projects.

The government has also agreed to a procedure to delay or reschedule loan payments to companies, which are suffering losses due to restrictions to curb the spread of the virus.

It was damaged AlgeriaOPEC member, severely down from International crude oil prices Since the outbreak of the Corona virus, which has destroyed demand in international markets.

And forms The oil Gas is 60 percent of the state’s budget and 93 percent of all export earnings, with authorities failing to diversify so far Economy Away from energy.

Public isolation measures to curb HIV infections had a further impact on production in the country of 45 million people.

According to official data, it contracted The economy of Algeria 3.9 percent in the first quarter of 2020, compared to a growth of 1.3 percent in the same period last year.

However, the situation did not prevent the government from taking steps to assist companies in order to maintain production and jobs, especially outside the energy sector.

The Ministry of Finance said in a statement that these measures aim to alleviate the repercussions of the health crisis and ensure the revival and maintenance of corporate activities.

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The move comes amid increasing pressure on the state’s finances due to a fall in Energy revenueAnd, following a previous decision this year to suspend the implementation of corporate sanctions for delays in the implementation of projects.

The government has also agreed to a procedure to delay or reschedule loan payments to companies, which are suffering losses due to restrictions to curb the spread of the virus.

It was damaged AlgeriaOPEC member, severely down from International crude oil prices Since the outbreak of the Corona virus, which has destroyed demand in international markets.

And forms The oil Gas is 60 percent of the state’s budget and 93 percent of all export earnings, with authorities failing to diversify so far Economy Away from energy.

Public isolation measures to curb HIV infections had a further impact on production in the country of 45 million people.

According to official data, it contracted The economy of Algeria 3.9 percent in the first quarter of 2020, compared to a growth of 1.3 percent in the same period last year.

However, the situation did not prevent the government from taking steps to assist companies in order to maintain production and jobs, especially outside the energy sector.

The Ministry of Finance said in a statement that these measures aim to alleviate the repercussions of the health crisis and ensure the revival and maintenance of corporate activities.







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