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Aktuális időjárás


Közepesen felhős
  • Közepesen felhős
  • Hőmérséklet: 30 °C
  • Szél: Változó, 13 km/h
  • Légnyomás: 1011 hPa
  • Rel. páratartalom: 62 %
  • Látástávolság: 10 mérföld
2020, február 27 - 08:00

Hírek, aktualitások

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Seychelles features in African Economic Outlook


A comprehensive report analysing the economic situation in Seychelles features in this year’s African Economic Outlook.

Mrs Simeon addressing the audience at the launch of the African Economic Outlook

The publication, which is produced jointly by the African Development Bank (AfDB), the Organisation for Economic Cooperation and Development (OECD) and the Economic Commission for Africa (ECA), was officially launched here yesterday.

The ceremony, hosted by the Ministry of Foreign Affairs in collaboration with the AfDB, took place at the National Theatre, Mont Fleuri, in the presence of finance, Central Bank, information and technology officials, students from the School of Advanced Level Studies and other stakeholders.

Economic partners now know where we stand


Seychelles clearly knows what it needs, and through presentations and interaction with the Seychelles Forum delegates they now know our situation much better.

Minister Faure addressing delegates at the close of the forum


Our economic partners from 20 countries and organisations who attended the forum on Monday have now returned home with enough information and will be able to formulate plans by which they can help us in our reforms.

Forum delegates welcome early economic recovery


Delegates from about 20 countries and international organisations attending the Seychelles Forum on Monday have welcomed our early economic reform success.
Mr Borg (left) and Minister Faure speaking during the opening session of the forum
The European Union’s commissioner for maritime affairs and fisheries, Joe Borg, said:
“The reform programme has made a good start, reflecting the authorities’ strong commitment and ownership of the reforms.
“This is why the EU is happy to move to a new cooperation approach which indeed is a clear signal of our trust in the country’s economy in drawing up our cooperation strategy.”
Talking to Nation, a number of the delegates referred to news released by the international media just before their arrival here, citing authoritative news agencies saying Seychelles’ economy is recovering better than expected due to falling inflation, healthier foreign exchange reserves and a stronger currency.
Central Bank governor Pierre Laporte confirmed this, saying the economic fundamentals have stabilised.
 “Things are very, very satisfactory, far more so than expected,” he said.
He also confirmed that inflation, year on year, fell to 47.9% in April compared with 63.6% in December, and net foreign reserves were US $75 million – “enough for five weeks’ worth of imports, compared with September when we had three days’ cover”.
The rupee has gained about 21% since December, when it traded at R17 against the US dollar.
The Central Bank yesterday said the rupee was trading at a consolidated average of 14.1564 against the dollar on Monday when the forum took place. This figure represents the average between the exchange bureaux and commercial banks.
Finance Minister Danny Faure said standing where we are now, it is remarkable to look back and reflect on how far we have come.
“Just in May last year, the Seychelles economy was choking. We had run out of foreign exchange. We were insolvent as a country. The world food and fuel crisis pushed us over the edge. Decisions had to be taken,” he said.  

IMF executive director in Seychelles


The executive director representing Seychelles at the International Monetary Fund (IMF), Dr Hi-Su Lee, will be in the country from today until Sunday May 17. 

He will join the IMF mission already here and will attend some of the key meetings scheduled for the next few days.

As part of his visit he will also meet President James Michel, Finance Minister Danny Faure and Central Bank governor Pierre Laporte.

Major economic partners meet at forum today


Seychelles’ main economic partners come together today at a major forum to be attended by nearly 100 people at the International Conference Centre.

President James Michel will open the forum, after which the partners will get a chance to listen to presentations on what we are doing to reform the economy. People will have a chance to ask questions during what the Ministry of Finance termed “an information sharing session”.

Indian team look to boost links with Seychelles


A three-man delegation from India is looking to boost existing ties between Seychelles and the sub-continent, and to raise the number of Indian companies investing here.

President Michel welcomes Mr Surie at State House

The country’s secretary of external affairs Nalin Surie said this yesterday when his group called on President James Michel and Vice-President Joseph Belmont at State House.

President hails India-Seychelles cooperation


President James Michel has described the bilateral cooperation between India and Seychelles as an exemplary collaboration between two friendly countries.

He was speaking yesterday at the Seychelles Coast Guard (SCG) jetty after visiting the patrol boat Topaz, which had been in India for refitting.

The maintenance work on the Topaz was entirely funded by the Indian government as part of the military cooperation between the two countries.

EU fisheries delegation leaves after fruitful mission


A fisheries and maritime affairs delegation from the European Union left the country yesterday after a mission described as fruitful.

The team, headed by EU commissioner Joe Borg, called on President James Michel on Friday and then had a weekend of talks, meetings and visits to Victoria fishing port and the Seychelles Coast Guard.

In a meeting with the press yesterday morning, Mr Borg and Minister for Environment, Natural Resources and Transport Joel Morgan said relations between the EU and Seychelles regarding fisheries – including their partnership agreement – and the problem of piracy were among the main issues discussed.

Reforms boost confidence in rupee – President


Seychelles is convinced that its revamped monetary framework will provide the basis for increased confidence in the rupee and stability in the banking sector.

President Michel addressing …

President James Michel said this yesterday when he opened a forum at which local and international partners talked about our economic reforms.

He said the Central Bank has contained the inflationary effects of 
floating the rupee by adopting a tight monetary stance.

“I am pleased to note the rupee has stabilised at just over R14 to the dollar. This is a significant reduction from the R18 to the dollar in November last year,” he said.

Seychelles makes impact at ocean forum


Seychelles has given a keynote address – on fisheries and climate change – at the World Ocean Conference, which ended successfully on Friday in Manado, Indonesia.
 Dr Payet headed Seychelles’ delegation at the Manado meet

Dr Payet headed Seychelles' delegation at the Manado meet