Ethiopian News, Current Affairs and Opinion Forum
C beyond
Member
Posts: 436
Joined: 31 May 2013, 21:30

The Eritrean economy is now booming after Ethio Eritrea peace agreement

Post by C beyond » 30 Nov 2019, 20:47

Also world powers lifted sanctions against Eritrea. This is a big leap forward. It took us only 15 months. :oops: :oops:




C beyond
Member
Posts: 436
Joined: 31 May 2013, 21:30

Re: The Eritrean economy is now booming after Ethio Eritrea peace agreement

Post by C beyond » 01 Dec 2019, 00:10

Last week Birr-to-Nakfa rate hits fresh 2019 low. Eritrean economy is red hot and getting hotter. lol: :lol: :lol:

Nkid Tray :evil:



Merhano
Member
Posts: 39
Joined: 03 Jan 2019, 02:05

Re: The Eritrean economy is now booming after Ethio Eritrea peace agreement

Post by Merhano » 01 Dec 2019, 09:37

What a resilient economy! From the get go, we knew our leadership would grow the economy, but none of us could imagine the speed of the recovery to be this fast.
We have heard from the digital woyanes, that the country is doomed but we proved them wrong again. We have now witnessed the digital construction of Asmara with our own eyes. The actual construction will also be soon realized. Eat your heart out Awash!

Thank you C-beyond, for sharing us this new development! Asmara has changed so fast, I could not have believed the picture you posted! The stupid digital Woyanes are dangerously close to commit suicide out of pure green eyed jealousy!

Eri luv
Member
Posts: 247
Joined: 07 Dec 2013, 03:41

Re: The Eritrean economy is now booming after Ethio Eritrea peace agreement

Post by Eri luv » 01 Dec 2019, 13:09

Merhano , Two years ago blood flowed through this forum. Now the first tears of joy are flowing. Free market deliver better outcomes for most society. I hope Qatar will stop sabotaging the flourishing Eritrea's economy. Apparently doing it at the behest of Washington.

Awash
Senior Member+
Posts: 26868
Joined: 07 Aug 2010, 00:35

Re: The Eritrean economy is now booming after Ethio Eritrea peace agreement

Post by Awash » 01 Dec 2019, 16:24

Morons,
Do you want to fabricate your own fiction and congratulate your Agame junta, or do you want to face reality?
:lol: :lol: :oops:
Eritrea’s economic freedom score is 38.9, making its economy the 177th freest in the 2019 Index. Its overall score has decreased by 2.8 points, with a steep plunge in business freedom completely overwhelming increases in scores for judicial effectiveness and labor freedom. Eritrea is ranked 47th among 47 countries in the Sub-Saharan Africa region, and its overall score is well below the regional and world averages.

Eritrea remains one of the world’s most difficult places to do business. Poor governance and lack of commitment to reform hamper economic freedom and drive many Eritreans into the informal sector. Mismanagement of public finances, underdeveloped legal and regulatory frameworks, and structural anomalies severely undermine private-sector development and impede productivity growth, dynamism, and overall economic growth. Monetary stability remains fragile, and inflation is very high, largely reflecting excessive money creation to fund fiscal deficits. Enforcement of property rights is marginal, and the rule of law is weak.

BACKGROUND

Ethiopia’s annexation of Eritrea as a province sparked a violent 30-year struggle for independence that ended in 1991 with Eritrean rebels defeating government forces. The autocratic and repressive rule of Isaias Afewerki has created a rigidly militarized society. Mandatory conscription can be for indefinite periods. Eritrea and Ethiopia normalized relations in 2018, but Eritrea remains under U.N. sanctions for allegedly supporting armed groups in the Horn of Africa, for occupying disputed territory of Djibouti, and for violating sanctions against North Korea. The government has expanded military-owned and party-owned businesses to complete the president’s development agenda. Copper and gold are important exports, but military spending drains resources needed for the construction of public infrastructure.

RULE OF LAW

Property Rights 35.5
Government Integrity 19.7
Judicial Effectiveness 18.1


All land is considered state-owned, and property rights are nearly nonexistent. The little private property that does exist can be expropriated without due process or compensation. The politicized judiciary is understaffed, underfunded, and unprofessional. The autocratic one-party state, widely considered to be one of the world’s most repressive, is ruled by the president and his inner circle. Corruption is a major problem.

GOVERNMENT SIZE

Government Spending 73.9
Tax Burden 81.4
Fiscal Health 0.0


The top personal income and corporate tax rates are 30 percent. The overall tax burden equals 8.0 percent of total domestic income. Over the past three years, government spending has amounted to 29.5 percent of the country’s output (GDP), and budget deficits have averaged 14.7 percent of GDP. Public debt is equivalent to 131.2 percent of GDP.

REGULATORY EFFICIENCY

Business Freedom 17.7
Labor Freedom 70.0
Monetary Freedom 61.0


The regulatory regime is not conducive to entrepreneurial activity, and procedures for running a business are opaque and costly. Greater delays in completing certain procedures have made it harder to start a business. The vast majority of the population is involved in subsistence agriculture, and formal employment is rare. Monetary stability is weak, and subsidies and price controls are core features of the command economy.

OPEN MARKETS

Trade Freedom 69.2
Investment Freedom 0.0
Financial Freedom 20.0


The combined value of exports and imports is equal to 37.5 percent of GDP. The average applied tariff rate is 5.4 percent. Foreign investment in several sectors of the economy is restricted, and state-owned enterprises distort markets. Eritrea’s financial system remains very underdeveloped. Capital markets are nonexistent, and long-term financing is hard to obtain.
https://www.heritage.org/index/country/ ... d7vdhjoc38

Weyane.is.dead
Member
Posts: 1412
Joined: 19 Oct 2017, 11:19

Re: The Eritrean economy is now booming after Ethio Eritrea peace agreement

Post by Weyane.is.dead » 01 Dec 2019, 16:51

Oh my god :shock: how dumb can kelbi adwa be :shock: you can't even tell the agame cbeyond is being sarcastic. You're by far the dumbest weyane in this forum.
Awash wrote:
01 Dec 2019, 16:24
Morons,
Do you want to fabricate your own fiction and congratulate your Agame junta, or do you want to face reality?
:lol: :lol: :oops:
Eritrea’s economic freedom score is 38.9, making its economy the 177th freest in the 2019 Index. Its overall score has decreased by 2.8 points, with a steep plunge in business freedom completely overwhelming increases in scores for judicial effectiveness and labor freedom. Eritrea is ranked 47th among 47 countries in the Sub-Saharan Africa region, and its overall score is well below the regional and world averages.

Eritrea remains one of the world’s most difficult places to do business. Poor governance and lack of commitment to reform hamper economic freedom and drive many Eritreans into the informal sector. Mismanagement of public finances, underdeveloped legal and regulatory frameworks, and structural anomalies severely undermine private-sector development and impede productivity growth, dynamism, and overall economic growth. Monetary stability remains fragile, and inflation is very high, largely reflecting excessive money creation to fund fiscal deficits. Enforcement of property rights is marginal, and the rule of law is weak.

BACKGROUND

Ethiopia’s annexation of Eritrea as a province sparked a violent 30-year struggle for independence that ended in 1991 with Eritrean rebels defeating government forces. The autocratic and repressive rule of Isaias Afewerki has created a rigidly militarized society. Mandatory conscription can be for indefinite periods. Eritrea and Ethiopia normalized relations in 2018, but Eritrea remains under U.N. sanctions for allegedly supporting armed groups in the Horn of Africa, for occupying disputed territory of Djibouti, and for violating sanctions against North Korea. The government has expanded military-owned and party-owned businesses to complete the president’s development agenda. Copper and gold are important exports, but military spending drains resources needed for the construction of public infrastructure.

RULE OF LAW

Property Rights 35.5
Government Integrity 19.7
Judicial Effectiveness 18.1


All land is considered state-owned, and property rights are nearly nonexistent. The little private property that does exist can be expropriated without due process or compensation. The politicized judiciary is understaffed, underfunded, and unprofessional. The autocratic one-party state, widely considered to be one of the world’s most repressive, is ruled by the president and his inner circle. Corruption is a major problem.

GOVERNMENT SIZE

Government Spending 73.9
Tax Burden 81.4
Fiscal Health 0.0


The top personal income and corporate tax rates are 30 percent. The overall tax burden equals 8.0 percent of total domestic income. Over the past three years, government spending has amounted to 29.5 percent of the country’s output (GDP), and budget deficits have averaged 14.7 percent of GDP. Public debt is equivalent to 131.2 percent of GDP.

REGULATORY EFFICIENCY

Business Freedom 17.7
Labor Freedom 70.0
Monetary Freedom 61.0


The regulatory regime is not conducive to entrepreneurial activity, and procedures for running a business are opaque and costly. Greater delays in completing certain procedures have made it harder to start a business. The vast majority of the population is involved in subsistence agriculture, and formal employment is rare. Monetary stability is weak, and subsidies and price controls are core features of the command economy.

OPEN MARKETS

Trade Freedom 69.2
Investment Freedom 0.0
Financial Freedom 20.0


The combined value of exports and imports is equal to 37.5 percent of GDP. The average applied tariff rate is 5.4 percent. Foreign investment in several sectors of the economy is restricted, and state-owned enterprises distort markets. Eritrea’s financial system remains very underdeveloped. Capital markets are nonexistent, and long-term financing is hard to obtain.
https://www.heritage.org/index/country/ ... d7vdhjoc38

C beyond
Member
Posts: 436
Joined: 31 May 2013, 21:30

Re: The Eritrean economy is now booming after Ethio Eritrea peace agreement

Post by C beyond » 01 Dec 2019, 19:32

Merhano wrote:
01 Dec 2019, 09:37
What a resilient economy! From the get go, we knew our leadership would grow the economy, but none of us could imagine the speed of the recovery to be this fast.
We have heard from the digital woyanes, that the country is doomed but we proved them wrong again. We have now witnessed the digital construction of Asmara with our own eyes. The actual construction will also be soon realized. Eat your heart out Awash!

Thank you C-beyond, for sharing us this new development! Asmara has changed so fast, I could not have believed the picture you posted! The stupid digital Woyanes are dangerously close to commit suicide out of pure green eyed jealousy!
:lol: :lol: :lol: :lol: :lol: :lol: :lol:

Weyane.is.dead
Member
Posts: 1412
Joined: 19 Oct 2017, 11:19

Re: The Eritrean economy is now booming after Ethio Eritrea peace agreement

Post by Weyane.is.dead » 01 Dec 2019, 19:56

How pathetic. You laugh at your own jokes. Aye denkoro agame
C beyond wrote:
01 Dec 2019, 19:32
Merhano wrote:
01 Dec 2019, 09:37
What a resilient economy! From the get go, we knew our leadership would grow the economy, but none of us could imagine the speed of the recovery to be this fast.
We have heard from the digital woyanes, that the country is doomed but we proved them wrong again. We have now witnessed the digital construction of Asmara with our own eyes. The actual construction will also be soon realized. Eat your heart out Awash!

Thank you C-beyond, for sharing us this new development! Asmara has changed so fast, I could not have believed the picture you posted! The stupid digital Woyanes are dangerously close to commit suicide out of pure green eyed jealousy!
:lol: :lol: :lol: :lol: :lol: :lol: :lol:

Awash
Senior Member+
Posts: 26868
Joined: 07 Aug 2010, 00:35

Re: The Eritrean economy is now booming after Ethio Eritrea peace agreement

Post by Awash » 01 Dec 2019, 20:58

Moron dead weyane,
I was responding to you before you even opened your fessfass mouth. :lol: :lol: :mrgreen:
Weyane.is.dead wrote:
01 Dec 2019, 16:51
Oh my god :shock: how dumb can kelbi adwa be :shock: you can't even tell the agame cbeyond is being sarcastic. You're by far the dumbest weyane in this forum.
Awash wrote:
01 Dec 2019, 16:24
Morons,
Do you want to fabricate your own fiction and congratulate your Agame junta, or do you want to face reality?
:lol: :lol: :oops:
Eritrea’s economic freedom score is 38.9, making its economy the 177th freest in the 2019 Index. Its overall score has decreased by 2.8 points, with a steep plunge in business freedom completely overwhelming increases in scores for judicial effectiveness and labor freedom. Eritrea is ranked 47th among 47 countries in the Sub-Saharan Africa region, and its overall score is well below the regional and world averages.

Eritrea remains one of the world’s most difficult places to do business. Poor governance and lack of commitment to reform hamper economic freedom and drive many Eritreans into the informal sector. Mismanagement of public finances, underdeveloped legal and regulatory frameworks, and structural anomalies severely undermine private-sector development and impede productivity growth, dynamism, and overall economic growth. Monetary stability remains fragile, and inflation is very high, largely reflecting excessive money creation to fund fiscal deficits. Enforcement of property rights is marginal, and the rule of law is weak.

BACKGROUND

Ethiopia’s annexation of Eritrea as a province sparked a violent 30-year struggle for independence that ended in 1991 with Eritrean rebels defeating government forces. The autocratic and repressive rule of Isaias Afewerki has created a rigidly militarized society. Mandatory conscription can be for indefinite periods. Eritrea and Ethiopia normalized relations in 2018, but Eritrea remains under U.N. sanctions for allegedly supporting armed groups in the Horn of Africa, for occupying disputed territory of Djibouti, and for violating sanctions against North Korea. The government has expanded military-owned and party-owned businesses to complete the president’s development agenda. Copper and gold are important exports, but military spending drains resources needed for the construction of public infrastructure.

RULE OF LAW

Property Rights 35.5
Government Integrity 19.7
Judicial Effectiveness 18.1


All land is considered state-owned, and property rights are nearly nonexistent. The little private property that does exist can be expropriated without due process or compensation. The politicized judiciary is understaffed, underfunded, and unprofessional. The autocratic one-party state, widely considered to be one of the world’s most repressive, is ruled by the president and his inner circle. Corruption is a major problem.

GOVERNMENT SIZE

Government Spending 73.9
Tax Burden 81.4
Fiscal Health 0.0


The top personal income and corporate tax rates are 30 percent. The overall tax burden equals 8.0 percent of total domestic income. Over the past three years, government spending has amounted to 29.5 percent of the country’s output (GDP), and budget deficits have averaged 14.7 percent of GDP. Public debt is equivalent to 131.2 percent of GDP.

REGULATORY EFFICIENCY

Business Freedom 17.7
Labor Freedom 70.0
Monetary Freedom 61.0


The regulatory regime is not conducive to entrepreneurial activity, and procedures for running a business are opaque and costly. Greater delays in completing certain procedures have made it harder to start a business. The vast majority of the population is involved in subsistence agriculture, and formal employment is rare. Monetary stability is weak, and subsidies and price controls are core features of the command economy.

OPEN MARKETS

Trade Freedom 69.2
Investment Freedom 0.0
Financial Freedom 20.0


The combined value of exports and imports is equal to 37.5 percent of GDP. The average applied tariff rate is 5.4 percent. Foreign investment in several sectors of the economy is restricted, and state-owned enterprises distort markets. Eritrea’s financial system remains very underdeveloped. Capital markets are nonexistent, and long-term financing is hard to obtain.
https://www.heritage.org/index/country/ ... d7vdhjoc38


Awash
Senior Member+
Posts: 26868
Joined: 07 Aug 2010, 00:35

Re: The Eritrean economy is now booming after Ethio Eritrea peace agreement

Post by Awash » 01 Dec 2019, 22:43

Flyminon,.when are these people going to be released from your gulags?



C beyond
Member
Posts: 436
Joined: 31 May 2013, 21:30

Re: The Eritrean economy is now booming after Ethio Eritrea peace agreement

Post by C beyond » 02 Dec 2019, 13:40

Eritreans simply do not trust their government. We have been burned too many times.



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kerenite
Member
Posts: 2297
Joined: 16 Nov 2013, 13:15

Re: The Eritrean economy is now booming after Ethio Eritrea peace agreement

Post by kerenite » 02 Dec 2019, 14:14

Weyane.is.dead wrote:
01 Dec 2019, 16:51
Oh my god :shock: how dumb can kelbi adwa be :shock: you can't even tell the agame cbeyond is being sarcastic. You're by far the dumbest weyane in this forum.
Awash wrote:
01 Dec 2019, 16:24
Morons,
Do you want to fabricate your own fiction and congratulate your Agame junta, or do you want to face reality?
:lol: :lol: :oops:
Eritrea’s economic freedom score is 38.9, making its economy the 177th freest in the 2019 Index. Its overall score has decreased by 2.8 points, with a steep plunge in business freedom completely overwhelming increases in scores for judicial effectiveness and labor freedom. Eritrea is ranked 47th among 47 countries in the Sub-Saharan Africa region, and its overall score is well below the regional and world averages.

Eritrea remains one of the world’s most difficult places to do business. Poor governance and lack of commitment to reform hamper economic freedom and drive many Eritreans into the informal sector. Mismanagement of public finances, underdeveloped legal and regulatory frameworks, and structural anomalies severely undermine private-sector development and impede productivity growth, dynamism, and overall economic growth. Monetary stability remains fragile, and inflation is very high, largely reflecting excessive money creation to fund fiscal deficits. Enforcement of property rights is marginal, and the rule of law is weak.

BACKGROUND

Ethiopia’s annexation of Eritrea as a province sparked a violent 30-year struggle for independence that ended in 1991 with Eritrean rebels defeating government forces. The autocratic and repressive rule of Isaias Afewerki has created a rigidly militarized society. Mandatory conscription can be for indefinite periods. Eritrea and Ethiopia normalized relations in 2018, but Eritrea remains under U.N. sanctions for allegedly supporting armed groups in the Horn of Africa, for occupying disputed territory of Djibouti, and for violating sanctions against North Korea. The government has expanded military-owned and party-owned businesses to complete the president’s development agenda. Copper and gold are important exports, but military spending drains resources needed for the construction of public infrastructure.

RULE OF LAW

Property Rights 35.5
Government Integrity 19.7
Judicial Effectiveness 18.1


All land is considered state-owned, and property rights are nearly nonexistent. The little private property that does exist can be expropriated without due process or compensation. The politicized judiciary is understaffed, underfunded, and unprofessional. The autocratic one-party state, widely considered to be one of the world’s most repressive, is ruled by the president and his inner circle. Corruption is a major problem.

GOVERNMENT SIZE

Government Spending 73.9
Tax Burden 81.4
Fiscal Health 0.0


The top personal income and corporate tax rates are 30 percent. The overall tax burden equals 8.0 percent of total domestic income. Over the past three years, government spending has amounted to 29.5 percent of the country’s output (GDP), and budget deficits have averaged 14.7 percent of GDP. Public debt is equivalent to 131.2 percent of GDP.

REGULATORY EFFICIENCY

Business Freedom 17.7
Labor Freedom 70.0
Monetary Freedom 61.0


The regulatory regime is not conducive to entrepreneurial activity, and procedures for running a business are opaque and costly. Greater delays in completing certain procedures have made it harder to start a business. The vast majority of the population is involved in subsistence agriculture, and formal employment is rare. Monetary stability is weak, and subsidies and price controls are core features of the command economy.

OPEN MARKETS

Trade Freedom 69.2
Investment Freedom 0.0
Financial Freedom 20.0


The combined value of exports and imports is equal to 37.5 percent of GDP. The average applied tariff rate is 5.4 percent. Foreign investment in several sectors of the economy is restricted, and state-owned enterprises distort markets. Eritrea’s financial system remains very underdeveloped. Capital markets are nonexistent, and long-term financing is hard to obtain.
https://www.heritage.org/index/country/ ... d7vdhjoc38
Dead weyanne,

I may agree (disagree) with awash on some issues and which is normal but he is much...much smarter than your sorry asz.

Mushmush getz wukaria leHas maakor wedi berad.

Tuff nab getska anta Qondaf.

Getska TirhaQ.

Weyane.is.dead
Member
Posts: 1412
Joined: 19 Oct 2017, 11:19

Re: The Eritrean economy is now booming after Ethio Eritrea peace agreement

Post by Weyane.is.dead » 04 Dec 2019, 20:50

Well you both suffer from some sort of mental retardation. It doesnt surprise me.
kerenite wrote:
02 Dec 2019, 14:14
Weyane.is.dead wrote:
01 Dec 2019, 16:51
Oh my god :shock: how dumb can kelbi adwa be :shock: you can't even tell the agame cbeyond is being sarcastic. You're by far the dumbest weyane in this forum.
Awash wrote:
01 Dec 2019, 16:24
Morons,
Do you want to fabricate your own fiction and congratulate your Agame junta, or do you want to face reality?
:lol: :lol: :oops:
Eritrea’s economic freedom score is 38.9, making its economy the 177th freest in the 2019 Index. Its overall score has decreased by 2.8 points, with a steep plunge in business freedom completely overwhelming increases in scores for judicial effectiveness and labor freedom. Eritrea is ranked 47th among 47 countries in the Sub-Saharan Africa region, and its overall score is well below the regional and world averages.

Eritrea remains one of the world’s most difficult places to do business. Poor governance and lack of commitment to reform hamper economic freedom and drive many Eritreans into the informal sector. Mismanagement of public finances, underdeveloped legal and regulatory frameworks, and structural anomalies severely undermine private-sector development and impede productivity growth, dynamism, and overall economic growth. Monetary stability remains fragile, and inflation is very high, largely reflecting excessive money creation to fund fiscal deficits. Enforcement of property rights is marginal, and the rule of law is weak.

BACKGROUND

Ethiopia’s annexation of Eritrea as a province sparked a violent 30-year struggle for independence that ended in 1991 with Eritrean rebels defeating government forces. The autocratic and repressive rule of Isaias Afewerki has created a rigidly militarized society. Mandatory conscription can be for indefinite periods. Eritrea and Ethiopia normalized relations in 2018, but Eritrea remains under U.N. sanctions for allegedly supporting armed groups in the Horn of Africa, for occupying disputed territory of Djibouti, and for violating sanctions against North Korea. The government has expanded military-owned and party-owned businesses to complete the president’s development agenda. Copper and gold are important exports, but military spending drains resources needed for the construction of public infrastructure.

RULE OF LAW

Property Rights 35.5
Government Integrity 19.7
Judicial Effectiveness 18.1


All land is considered state-owned, and property rights are nearly nonexistent. The little private property that does exist can be expropriated without due process or compensation. The politicized judiciary is understaffed, underfunded, and unprofessional. The autocratic one-party state, widely considered to be one of the world’s most repressive, is ruled by the president and his inner circle. Corruption is a major problem.

GOVERNMENT SIZE

Government Spending 73.9
Tax Burden 81.4
Fiscal Health 0.0


The top personal income and corporate tax rates are 30 percent. The overall tax burden equals 8.0 percent of total domestic income. Over the past three years, government spending has amounted to 29.5 percent of the country’s output (GDP), and budget deficits have averaged 14.7 percent of GDP. Public debt is equivalent to 131.2 percent of GDP.

REGULATORY EFFICIENCY

Business Freedom 17.7
Labor Freedom 70.0
Monetary Freedom 61.0


The regulatory regime is not conducive to entrepreneurial activity, and procedures for running a business are opaque and costly. Greater delays in completing certain procedures have made it harder to start a business. The vast majority of the population is involved in subsistence agriculture, and formal employment is rare. Monetary stability is weak, and subsidies and price controls are core features of the command economy.

OPEN MARKETS

Trade Freedom 69.2
Investment Freedom 0.0
Financial Freedom 20.0


The combined value of exports and imports is equal to 37.5 percent of GDP. The average applied tariff rate is 5.4 percent. Foreign investment in several sectors of the economy is restricted, and state-owned enterprises distort markets. Eritrea’s financial system remains very underdeveloped. Capital markets are nonexistent, and long-term financing is hard to obtain.
https://www.heritage.org/index/country/ ... d7vdhjoc38
Dead weyanne,

I may agree (disagree) with awash on some issues and which is normal but he is much...much smarter than your sorry asz.

Mushmush getz wukaria leHas maakor wedi berad.

Tuff nab getska anta Qondaf.

Getska TirhaQ.

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