The Moroccan Economy in Brief: Saturday, February 09, 2019

Renault starts the year on a high note in Morocco:
Renault Maroc Group recorded a market share of 41.1% in January 2019 with a delivery of 5,203 vehicles, maintaining its leading position in the passenger car and light commercial vehicle (LCV) market. The group has 318 commercial vehicles delivered in January 2019, an increase of 96.3% compared to the same period last year and a growing market share of 30.4%, while passenger car sales reached 4,885 units and 42.1% market share, according to the Group's monthly commercial results.

Good start for
Launched just a few months ago by Ahmed Tawfik Moulnakhla, an entrepreneur with a long experience in digital technology, the platform is already performing well, with more than 200 events sold for a total amount of over 5 million Dirhams. The company has signed with major names including the Oasis Festival for the 2019 edition. The system, which is intended to be intelligent and scalable, aims to play a significant role in the development of the entertainment business in Morocco by bringing together all the players in the ecosystem and reassuring consumers.

Hyundai Maroc exceeds 1 million Fans:
1,010,120 is the number of fans following Hyundai Morocco on the world's most popular social network. Indeed, the brand's Facebook page has surpassed the 1 million 100% Moroccan fans mark. "A true pledge of loyalty and commitment that only reinforces Hyundai Maroc's commitment to strengthening its presence on the various digital platforms, by offering diversified, entertaining and informative content to best meet the expectations of its community," explains a statement from the manufacturer.

18 billion dirhams:
A budget of 18 billion dirhams has been allocated for the implementation of the four programmes of the third phase of the National Initiative for Human Development (INDH) in the Hay Hassani district prefecture of Casablanca, during the period 2019-2023. On this occasion, the Governor of Hay Hassani District Prefecture, Hanane Tijani, called on the parties concerned to work together at a communication meeting to ensure the success of this third phase, consolidate the achievements of the two previous phases and consolidate the model of sustainable development, inspired by the Royal High Guidelines.

Taxes/Morocco: The DGI communicates on its sites:
The 3rd National Conference on Taxation, scheduled for May 3 and 4 in Rabat, aims to define, within the framework of a collective and largely concerted reflection, the outlines of a new national tax system that is fairer, more efficient, competitive, development-oriented and integrating the universal principles of good tax governance, says the General Directorate of Taxation (DGI). In a framework note, the DGI notes that careful observation of the functioning and performance of the current tax system reveals the persistence of several inefficiencies and inequities that prevent it from achieving its incentive and redistributive objectives, boosting the growth regime of the Moroccan economy and increasing its social inclusiveness, and aligning it with environmental sustainability requirements.