The aim of the capital expansion is to meet regulatory requirements in an executive decree requiring 2bn ($26m) Algerian dinars
of capital to insure property and capital.
Algerian newspaper El Khabar on Wednesday quoted Telecommunications Minister Moussa Benhamadi as saying: "The company (Lacom) has to pay all its outstanding debts, including 30 million Algerian dinars
Summary: The amount of the tax on new cars collected in 2009 reached 22.4 billion Algerian dinars
, Directorate General of Taxes (DGI) officials told APS on Tuesday.
BUDGETS, 1995-99 (Algerian dinars
, billion) 1999 1998 1998 1997 1996 1995 Draft Revised Draft Revenue 937.10 882.00 901.50 829.40 810.10 586.50 Spending 1,098.57 1,022.69 976.70 914.10 841.60 734.90 Deficit 161.47 140.69 75.20 84.70 31.50 148.40
Summary: Investments for the production of electrical energy will reach some 3,000 billion Algerian dinars
by the year 2019, National Electricity and Gas Company (Sonelgaz) CEO Noureddine Bouterfa pointed out on Tuesday.
The regular tax revenue totalled 1,000 billion Algerian dinars
in the first eleven months of 2009, up 25 percent over the same period a year earlier, announced Sunday Abderrahmane Raouya, Director General of the Finance Ministry's taxation department.
The 2009 capital budget, up 11.7 percent compared to a year earlier, marks the closing phase of the overall cost of projects included in the supplementary growth support programme and in the South and High Plateaux programmes for 2005-2009, to 13,610 billion Algerian dinars
, noted the report.AaAa
Named "IJAR Leasing Algeria," the company will have a capital of 3.5 billion Algerian dinars
to be held up to 59 percent by BEA, 35 percent by BES and 6 percent by Swicorp.
Summary: Air Algerie had a turnover of 54.4 billion Algerian dinars
in 2008, up 10 percent compared to a year earlier, the airline company's CEO announced on Wednesday.
Al Salam Bank has previously acquired the license of Algeria's Money and Credit Council to operate as one of the largest banks in North Africa and to offer its banking services through its headquarters and one branch in the Algerian capital city with a paid up capital of 7.2 billion Algerian Dinars