The extension of the state of health emergency is not to the liking of cafe and restaurant owners, who see through this measure imminent bankruptcies. In their sights, the Minister of Labor and Professional Integration, Mohamed Amekraz , whom they accuse of turning a deaf ear to their grievances.
The Moroccan pharmaceutical sector has been in the doldrums for several months. Due to the health crisis, pharmacies are facing major difficulties and some of them are doomed to bankruptcy.
A total of 6,612, this is the number of business failures recorded in Morocco in 2020, equivalent to a 21.6% drop compared to 2019. This result is attributable to the exceptional measures put in place by the State last year.
From January to November 2020, Moroccan tourism revenues fell by 51% due to the consequences of the health crisis. But the decline had a mitigating factor of 76% a month earlier, due to the arrivals of Moroccans living abroad, according to the Ministry of Finance.
Through a letter addressed to several authorities, the Moroccan Confederation of Food Trades (CMMB) defends the interests of the restaurant sector, which has been severely affected by the health crisis. It wishes that this sector be taken into account in the national economic recovery plan.
The health crisis related to the coronavirus is hitting Moroccan restaurateurs hard. 80% of restaurants are at risk of bankruptcy today.
Business leaders in the restaurant sector are calling for help from the Economic Monitoring Committee (CVE) and the Moroccan Ministry of Industry to save the sector from peril. They are suffocating under the impacts of the crisis on their activities.
The assessment of the hotel sector in Marrakech has proven to be very disastrous in the aftermath of the New Year. If nothing is done in the shortest possible time, the situation risks being dramatic.
Heavily impacted by the effects of the health crisis, tourism transport professionals are crying out in distress. During a second meeting with officials from the Ministry of Tourism in the presence of the Professional Group of Banks of Morocco , they called on the government to take urgent and realistic measures to relieve companies of financial pressures, while involving them in the decision-making process.
A total of 80,000 small and medium-sized enterprises have been saved from bankruptcy thanks to Morocco’s loan guarantee programs. The announcement was made by the Minister of Economy, Mohamed Benchaâboun , last week, during a session at the House of Advisors.
The health crisis due to Covid-19 has not spared the textile sector. Faced with the constant threat to the sector’s production capacities, there are fears of plant closures and layoffs.
Harley Davidson is withdrawing from the kingdom to position itself in other countries. The big concern of the moment, what will become of the maintenance and refurbishment of the motorcycle fleet in Morocco?