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Europe Daily Bulletin No. 11097

11 June 2014
Contents Publication in full By article 35 / 36
EXTERNAL ACTION / (ae) algeria
Extension requested before abolition of 51/49% rule

Brussels, 10/06/2014 (Agence Europe) - On Thursday 5 June, the Algerian prime minister, Abdelmalek Sellal, who was re-elected after the elections of 17 April last, indicated in the presentation of his programme that 51/49% rule, abolition of which has been requested by the EU, will not be scrapped for another “4 to 5 years”.

This rule, which stipulates that foreign investors cannot own more than 49% of the capital in companies set up in Algeria, also affects Algeria's accession to the...

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INSTITUTIONAL
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EXTERNAL ACTION
WEEKLY SUPPLEMENT