FDI in Tunisia falls 19.3 pct in first quarter

Reuters, Monday 5 May 2014

Foreign direct investment declines in Tunisia as investment in services decreases considerably

Foreign direct investment in Tunisia fell by 19.3 percent in the first quarter of 2014 from the same quarter a year ago, official data showed on Monday.

Foreign investments fell to 342 million Tunisian dinars ($213.22 million) from 423 million dinars in the same period of 2013, the Foreign Investment Promotion Agency (FIPA) said.

The biggest decline came in investment in services, which fell 89 percent on last year. Industry saw an 11 percent decline.

Three years after an uprising that inspired the "Arab Spring" revolutions, Tunisia is on its way to political stability, with a new constitution and elections expected later this year. But despite political progress, high living costs and lack of economic opportunity are still the main concerns for many Tunisians.

Last week, French President Francois Hollande said France and Tunisia will organize a conference of the Friends of Tunisia to bring investments to Tunisia and provide a final step in the democratic transition.

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