Tunisia, April 2016: On April 21, at the Novotel hotel in Tunis, economic intelligence and advisory firm Oxford Business Group (OBG) launched its new economic report "The Report: Tunisia 2016". This event took place in the wake of the ratification of the new constitution and elections in 2014 marking the end of the transition from a revolution to a new democratic system. This political success has paved the way for the restart of the Tunisian economy and the creation of new business opportunities, although obstacles remain.
Noureddine Hajji, CEO of EY Tunisia, said: "Tunisia must prioritise five initiatives to boost the Tunisian economy: security and the fight against terrorism, the fight against the informal and smuggling, the fight against corruption, improving the social climate and improving the performance of the Tunisian administration are the priorities to save the country."
The authorities are already working on a series of economic reforms, including tax reforms, notably concerning energy subsidies, tax and investment rules, and incentives and efforts to improve the major public banks. For Fadhel Abdelkefi, CEO of Tunisie Valeurs, such reforms are inevitable: "Public debt has reached such a level that the government has to adopt austerity to prevent harmful macroeconomic imbalances."