Morocco’s Customs Revenue Plunges 10% Amid COVID-19 Crisis
12 May 2021
The Covid-19 health crisis has left its mark, particularly on public finances. In 2020, customs revenue recorded a 10% drop compared to 2019.
Economic crisis
Moroccan Pharmacies Face 50% Drop in Sales During Ramadan Amid COVID Restrictions
10 May 2021
Moroccan pharmacies are in the doldrums. With Ramadan 2021, their activity has decreased by 40 to 50%, compared to the usual 30% recorded during the same period.
Morocco’s Tourism Recovery Hindered by Slow European Vaccination Rollout
8 May 2021
The delay accumulated by some European countries in their vaccination campaigns is likely to be detrimental to the economic recovery, and particularly to the tourism sector in (…)
Agadir’s Tourism Industry Struggles as Hotels Close and Sell Amid Pandemic Challenges
3 May 2021
In Agadir, the time has come for hotel closures and sales. While despite the pandemic, some hotels have been able to reopen, many owners have preferred to close or even sell (…)
Morocco Aims to Revive Tourism, Targeting 13 Million Visitors Post-Pandemic
2 May 2021
Rebuilding tourism demand and returning to the pre-health crisis situation where 13 million tourists were welcomed. This is, according to Adel El Fakir, the Director General of (…)
Spanish Opposition Urges High-Level Talks with Morocco Amid Growing Bilateral Tensions
24 April 2021
The Parliamentary Group of the Popular Party (PP) has asked the Minister of Foreign Affairs and Cooperation, Arancha González Laya, to urgently set a date for the holding of (…)
Ceuta’s Economy Plummets: 82% Drop in Imports Amid Border Closure and Pandemic
24 April 2021
In 2020, the economy of the city of Ceuta experienced the most difficult year in its history, with an 82% drop in its foreign imports. The fault lies with the health crisis and (…)
IMF Sees Signs of Economic Recovery in Morocco as Exports Rebound
22 April 2021
The head of the International Monetary Fund mission in charge of Morocco, Roberto Cardarelli, recently participated in a PCNS webinar. Among the topics discussed during this (…)
Ceuta Seeks Economic Reinvention as Border Trade with Morocco Halts
21 April 2021
The Caballas coalition of Ceuta intends to submit to the local Assembly a plan to reconvert the Tarajal industrialists who have ceased their activities since the closure of the (…)
Morocco Loses Investment Grade Status as Pandemic Pushes External Debt to Record Highs
17 April 2021
Not long ago, Morocco could be pleased to be the only country in the region to have preserved its "investment grade". But with the health crisis, the kingdom has been stripped (…)