President of the Republic Abdelmadjid Tebboune supervised, today, Wednesday, the launch of the Algerian-Russian Economic Forum in the capital, Moscow.
The President of the Republic, Abdelmadjid Tebboune, revealed that one of the paradoxes in Algeria is that today the national capital is 85% of it in private hands.
President Tebboune said, “We signed the texts that make the Investment Authority the sole decision-maker for investment. Because one of the paradoxes in Algeria is that today the national capital is 85% of it in private hands.
President Tebboune added, “Unfortunately, the money circulating in the economic, commercial and exchange fields is, so far, between 90 and 92 percent public money.”
The President of the Republic made it clear that this mixture between public money and the private economy is what made censorship, the judiciary and deviations.
It is noteworthy that the forum is discussing investment opportunities and areas of partnership and cooperation between the two countries. 70 economic operators from Algeria and 200 businessmen from Russia participate in it
It is also mentioned that the President of the Republic, Abdelmadjid Tebboune, embarked on a state visit to the Russian Federation, which will last for three days, at the invitation of the President of the Russian Federation, Vladimir Putin.
The visit of the President of the Republic to Moscow will last for three days (from 14 to 16 June). Where he will meet Russian President Vladimir Putin to discuss relations between the two countries.
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