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PCBS: Palestinian economy witnessed sharp decline by 11.5% in 2020 due to Covid-19

Posted on March 31, 2021 by Web Desk

RAMALLAH, The Palestinian economy witnessed a sharp decline by 11.5% in 2020 compared to 2019 due to the Covid-19 pandemic ramifications, according to the Palestinian Central Bureau of Statistics (PCBS).

“Although the increase in Gross Domestic Product (GDP) at constant …

Business Affairs

Premier sign €22.8 million agreement with EU

Posted on March 31, 2021 by Web Desk

RAMALLAH, Premier Mohammad Shtayyeh today signed an agreement worth €22.8 million with the European Union to promote agriculture and create jobs.

Shtayyeh signed the agreement with the head of the EU Directorate-General for Neighborhood and Enlargement Negotiations Henrike Trautmann for …

Business Affairs

Palestinian balance of payments showed a deficit of $292m in the current account in Q4, 2020 – PCBS, PMA

Posted on March 29, 2021 by Web Desk

RAMALLAH, The preliminary results of the Palestinian balance of payments for the fourth quarter of 2020 showed an incessant deficit in the current account (goods, services, income, current transfers), which totaled $292 million, according to a joint Palestinian Central Bureau …

Business Affairs

Cabinet approves general budget for 2021, deficit projected at $1 billion

Posted on March 29, 2021 by Web Desk

RAMALLAH, The Palestinian Government approved during the weekly cabinet meeting held today via the video conference the general budget for the year 2021, stating that a budget deficit is projected to reach a record of one billion dollars.

Speaking at …

Business Affairs

Increase in Palestine’s Producer Price Index in February

Posted on March 28, 2021 by Web Desk

RAMALLAH, The overall Producer Price Index (PPI) for Palestine increased by 1.34 percent during last February compared with January, as it reached 94.71 points in comparison with its base year 2019, said the Palestinian Central Bureau of Statistics (PCBS).

Producer …

Business Affairs

World Bank approves $20 million to boost digital development in the Palestinian territories

Posted on March 27, 2021 by Web Desk

WASHINGTON, The World Bank approved yesterday a grant of $20 million to increase access to high-speed broadband services in selected Palestinian areas and enable the development of selected e-government services, according to a World Bank press release.

The Digital West …

Business Affairs

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  • PCBS: Palestinian economy witnessed sharp decline by 11.5% in 2020 due to Covid-19 March 31, 2021
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