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Libya set to grant Tunisia one billion Euros
After a successful visit by Tunisia s Prime Minister, Libya will be granting Tunisia one billion euros to help bolster the country s struggling economy and aid in restoring relations and economical ties
May 27, 2021 - 15:35
Libyan-Tunisian relations witnessed a slew of successes this week with the official visit of the Tunisian Prime Minister, signing of an agreement to improve trade and lifting of mandatory hotel stay on Libyan. [Photo: AA]
Mohamed Trabelsi, Tunisia’s Minister of Social Affairs, confirmed that Libya will grant Tunisia a financial deposit worth one billion euros, which will be deposited in the Tunisian Central Bank.
RIYADH: TunisAir has become the first foreign carrier to resume flight to Libya, after a seven-year hiatus due to the tense security situation in the neighboring country.
Two flights landed at Tripoli and Benghazi airports in Eastern Libya on Monday, according to the Central Department of Communication and Foreign Relations, Al Arabiya reported.
To date, international flights have been operated by Libyan companies to Tunis, Istanbul and Alexandria, with no permission to enter European airspace.
The Tunisian company’s last flight to Libya was in August 2014.
Starting from Monday, Tunisian Airlines secures five flights a week to Libya, at the rate of three flights to Tripoli and two to Benghazi.
Tunisian minister for Transport and Logistics, Moaz
Shaqshouq, during his hearing in the Tunisian parliament on Monday.
He said that the suspension of Tunisian Airlines flights to Libya affected the financial position of the company, especially since the Libyan market represents about 20% to 30% of its income, in addition to income from fuel and the exchange rate.
The Minister emphasized that losses of TunisAir reached 300 million Tunisian dinars in 2020, and this is linked to the Covid pandemic.
It must be borne in mind that on many occasions over the last years an announcement has been made about the resumption of Tunis Air flights to Libya.