What give ideas to the giants of the garmentHe was in Toulouse Saturday salle Nougaro 05Today it is the level of education that is determinativeIn Spain the shadow is a cultural phenomenonThe interest is double to the British authoritiesLike Vegeticals which targets the antiaging productsThe administration has given just what markets wanted iDeny the evidence UBS can only attract troubleThree solutions are then available to the GovernmentTrucks moved to chlorinated products spent by sector North reserved to nitrateNothing is official, but speak of all the foreign firms in Algeria. The five instructions of the Prime Minister, Ahmed Ouyahia, "scare everyone", slide one close to the foreign business community. Since December, five texts to provide more foreign investment flow and begin to apply, whereas they are not public.
In the heart of the texts that "Les echos" purchased are uncomfortable measures for French companies wishing to settle in Algeria or on site already. Foreign importing companies will no longer be 100 owned by foreign capital, but must open their shareholding at 30 of Algerian capital. The obligation must apply from March 1 for newcomers and until September 30 for others. On-site, importing companies questioned its scope. "It is especially the automotive sector and companies such as Renault or PSA, which imports for resale, said an informed observer." Businesses that both produce and import as Michelin or Sanofi-Aventis , they wonder whether the circular is applicable... "Most of them refuse to speak on the subject. The French Chamber of commerce in Algeria is preparing with his American counterpart, to seek clarification in writing to the Prime Minister.
Companies give up
Another statement concerned this time production companies wishing to settle in the country. As future investments can be realized in partnership with national actors to hold 51 of the investment. Another aspect, the darker: any project will have to generate more input than output currency. "This would prevent almost all foreign investment in the country!", said a local player. In the French business community, eyes are turning to AXA. "AXA, who intends to sell insurance in Algeria, could therefore not transfer of dividends at Headquarters", says an expert. Unless the circular does not apply to the company who hired his project before the existence of the text. But nothing is clear and many to denounce "the sword of Damocles that weighs on business".
The objective of the Algeria, a few weeks of the presidential election, is to limit imports President Abdelaziz Bouteflika regretted Tuesday the increase between 2003 and 2008, both for goods (from 10 to 31 billion euros) for services (from 2 to 6 billion euros). In these texts, some companies who were approaching the Algerian market declined. Others maintain their project by leveraging the fact that certain measures will be only short-term. "It will not prevent companies to repatriate dividends or then the Algeria will get to the ban of the world, reflects a professional." With the fall of the price of a barrel close the country will not tenable. "Rather than to prevent imports, the Algeria likely to promote, predicted even a consultant:"foreign companies to install elsewhere in Tunisia, for example and sell their merchandise to Algerian importers."
For the time being, the Algeria remains but on this line. President Bouteflika announced Tuesday the creation of by the end of a public investment of 1.5 billion capital fund to finance local projects. In ordering the Government "to protect the country parasitic and speculative investment...
