Tough terms in Algeria

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[In Algeria] public-sector managers who leave their posts for jobs in the private sector will be liable to severe penalties, including prison terms of six months to a year and fines of up to AD500,000 (US $6,900), according to a presidential decree published in the official gazette on March 13th. The decree states that managers in state-owned enterprises wanting to work in the private sector must first spend two years unemployed. Moreover, if they find a new job within three years of leaving a public-sector post, they must make a full declaration to the state anti-corruption agency.

Reports the subscription-based Economist Intelligence Unit. The flexibility of labor regulations is one of the key indicators in the Doing Business database which in 2006 ranked Algeria 116 out of 175 on how conducive its regulatory environment is for business.

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April 19, 2007

Over at the PSD Blog, they point out Algerias new decree regulating public-sector workers entering into private-sector jobs. A part of Algerias determination to eradicate corruption.
Technorati Tags: algeria, policy, anti-corruption, ...

April 19, 2007

Over at the PSD Blog, they point out Algerias new decree regulating public-sector workers entering into private-sector jobs. A part of Algerias determination to eradicate corruption.
Technorati Tags: algeria, policy, anti-corruption, ...