{"id":9835,"date":"2012-04-12T04:07:49","date_gmt":"2012-04-12T02:07:49","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/feature-algerias-frosty-business-climate-may-thaw\/"},"modified":"2012-04-12T04:07:49","modified_gmt":"2012-04-12T02:07:49","slug":"feature-algerias-frosty-business-climate-may-thaw","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/feature-algerias-frosty-business-climate-may-thaw\/","title":{"rendered":"FEATURE-Algeria&#8217;s frosty business climate may thaw"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Row over Djezzy mobile phone firm heads for resolution<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* May presage change in attitude to private investment<\/p>\n<p><span><\/span><\/p>\n<p>* Dependence on energy revenues may not be sustainable<\/p>\n<p><span><\/span><\/p>\n<p>* Pressing need to reduce youth unemployment<\/p>\n<p><span><\/span><\/p>\n<p>By Christian Lowe and Lamine Chikhi<\/p>\n<p><span><\/span><\/p>\n<p>ALGIERS, April 11 (Reuters) &#8211; After a three-year campaign<br \/>\nagainst one of its biggest foreign investors chilled Algeria&#8217;s<br \/>\nbusiness climate, the country is sending out tentative signals<br \/>\nthat it may be ready for a thaw.<\/p>\n<p><span><\/span><\/p>\n<p>A period of aggressive economic nationalism, symbolised by<br \/>\nthe state&#8217;s drive to take control of the Djezzy mobile phone<br \/>\nbusiness owned by Amsterdam-headquartered Vimpelcom, has<br \/>\nfailed to create the jobs demanded by the population.<\/p>\n<p><span><\/span><\/p>\n<p>Now the Djezzy saga seems to be limping towards a<br \/>\nresolution, and this could coincide with a broader rethink of<br \/>\nhow the government of energy-rich Algeria treats private<br \/>\ninvestment.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It is obvious that foreign investment is key to creating<br \/>\njobs, which will alleviate social pressure,&#8221; said Bachir Msitfa,<br \/>\nan Algerian economist. &#8220;This is why I am expecting changes in<br \/>\nthe economy in 2012&#8230;Algeria will go back to a market economy<br \/>\nvery soon.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Row over Djezzy mobile phone firm heads for resolution * May presage change in attitude to private investment * Dependence on energy revenues may not be sustainable * Pressing need to reduce youth unemployment By Christian Lowe and Lamine Chikhi ALGIERS, April 11 (Reuters) &#8211; After a three-year campaign against one of its biggest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9835","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9835"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9835\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}