Dozens of Algerian small and medium-sized enterprises are threatened with real failure because of the strong pressures besetting the business climate in Algeria, Reda Hamiani, chairman of the forum of heads of institutions says.

• “Many productive enterprises are forced to close down every day because of the bad business conditions”.
• Hamiani told Echorouk on the sidelines of the 8th International Forum of the Excellence Conduct Club on “Tourism and Sustainable Development” that the forum will present, in the coming days, a full dossier to the government on the problems which are hindering the growth of the Algerian enterprises.
• “The key proposals to be presented to the government study the activities of the informal market and bribery which have become a real threat to the national economy”.
• “It is very difficult for the Algerian enterprises to face the informal sector which is known for the lack of transparency, bribery and tax evasion. The new procedures that were approved by the government caused a great panic among the foreign business partners, particularly the core partners; not because of the procedures but because of the message they had, presenting the non-stability of the legislative aspects on the Algerian economy.
• “Government could have included amendments in a flexible manner in order not to provoke its local and foreign partners through technical measures via Algeria’s bank. One of the appropriate measures approved by the government is the amendment of the exchange rate in a calm manner in order to reduce the import bill which exceeded $40 billion, including $15 billion of the imported services and transfer of  foreign companies’ remittances in Algeria.            
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