Algeria: Bill On SMEs - Measures to Facilitate Companies' Creation, Growth

Algiers — The bill on SMEs, recently adopted by the Council of Ministers, introduces several new measures aiming the emergence of companies' growth and sustaining it, a senior official with the Ministry of Industry and Mining told APS.

First, the bill makes an adaptation of the definition of SMEs by updating thresholds for turnover and balance sheet for all the categories of SMEs in relation to the changing economic reality like the value of the dinar, inflation and other factors, said Director General of SMEs at the ministry, Abdelghani Mebarek.

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