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deficiency unless a sea change is introduced in terms of competitive capacities building, mentioning that 2010 will be protectionism removal year on the economy. He said reasons hindering the setting up of a sole employer’s organization are a multitude namely the impossibility to come back to monopoly logic, unilateralism, indicating that there is a close coordination between Employer’s organizations as the case is in Enterprises Managers Forum and the Algerian Confederation of Employers. He also mentioned that banks are not accompanying the agreement concluded between the EU and Algerian Employer’s Organization meant to level Algerian companies noting that the EU supplied the survey with 80% and 20% were paid by the Algerian party. Mr. Boualem M’Rrakech further pointed out that one million houses project laid down by the President of the Republic through the five-year programme meant to back up economic development is conditioned by many conditions namely developing enterprises and manpower as well. So he underscored the fact that these factors are required to the realization of 200 million housing units to achieve one million houses during five years. He also criticised the amendments introduced to the new investment law, stressing that they are but to discourage Algerian and foreign investors to wage a risky experience. He added that the legislators have not bear in mind the genuine problems investment sector undergoes, as the cession is given to those who pay the most leading to dealer’s multiplicity and speculation on the real estate both likely to impact negatively on projects expenditures, time frame as well as the concessionary company overburdening. | ||||||||||||||||||
Several Algerian companies in danger of extinction