ECONOMIC HEADLINES
| MOROCCO | ECONOMY | CCG deploys 2 new guarantee mechanisms for companies’ recovery
Caisse Centrale de Garantie will deploy two new guarantee mechanisms today, called “Relance TPE" and "Damane Relance". CCG announces that this system will allow to revive companies’ activity through the guarantee of loans intended to finance their work-ing capital requirements, redeemable over a period of 7 years, with 2 years of deferral.
| MOROCCO | INDUSTRY | The manufacturing industries production index up 0.5% in Q1 2020
In Q1-20, the production index of manufacturing industries excluding oil refining rose by 0.5% y-o-y. Meanwhile, the index for mining industries and electrical energy fell by 0.4% and 3.4% respectively during the same period.
| TUNISIA | FINANCIAL SECTOR | A cyclical fee set at 2% of taxable profits
Legislative Decree N° 2020-30 of June 10th 2020 published in the JORT established a cyclical fee for the benefit of the state budget owed by banks and financial institutions. This royalty is set at 2% of taxable profits whose reporting period occurs during the years 2020 and 2021. The minimum profit must be TND 5,000.
