Lebanon Among the 20 Most Corrupt Countries in the World

The 2018 Global Competitiveness Report is out and Lebanon has ranked 80th out of 140 countries, which is a major improvement from last year's 101st spot but there are still a lot of worrying indicators such as: Negative Indicators: - Terrorism incidence - Future orientation of government - Incidence of corruption - Intellectual property protection - Quality of roads - Efficiency of train services - Reliability of water supply - Debt dynamics - Cost of…

Lebanon’s Inflation Rate at 6.5 Percent, Highest in Five Years

A deteriorating economy, alarming unemployment rates, a crumbling infrastructure, an ever increasing corruption rate and on top of all that increasing consumer prices. In this recent BLOM report, all components of the Consumer price index increased due to a jump in average oil prices but the VAT hike continues to "further inflate the prices of goods and services, thereby diminishing consumers’ purchasing power". In details, the average costs of “Housing and utilities” , which composed…
Critiques

Unemployment Rate in #Lebanon at 46%?

1 year ago
I was just reading that President Aoun warned yesterday “that the grave economic situation, presence of Syrian refugees and the reluctance of Lebanese to take low-paid jobs has caused unemployment to soar to 46 percent”, ...
Business

VAT is Officially 11% Now in #Lebanon

2 years ago
The increase in VAT from 10 too 11% officials went into effect yesterday on Jan 1st 2018. The 1% increase is expected to lead to a 5 to 7% increase in the prices of goods, ...
Critiques

How will Tax Increase Affect Us?

2 years ago
The new taxes were approved and the laws were published Monday as a special appendix to the Official Gazette, which means that they are already in place as we speak. What are these new taxes? ...
Critiques

What does the VAT Increase from 10 to 11% Mean for You?

2 years ago
The newly approved VAT increase from 10% to 11% will have a negative impact on all Lebanese as it will lead to an increase in living expenses and a decrease in the purchase power. Some ...
Economics

2016/2017 Global Competitiveness Report: Public Trust in Politicians Still Improving in #Lebanon

3 years ago
Public trust in politicians has improved once again since last year as ranking improved by two spots from last year according to the 2016/2017 Global Competitiveness Report. I have no idea how this is happening ...
Economics

S&P: Lebanon’s Outlook Downgraded From “Stable” To “Negative”

4 years ago
Via NationalPost Standard & Poor’s has revised the outlook for Lebanon on the long-term ratings from “stable” to “negative”. We used to blame regional instability on the economic situation in Lebanon and it definitely has ...
Economics

The Lebanese Government Among The 10 Least Efficient Governments In The World

4 years ago
The World Economic Forum’s 2014-2015 Annual Global Competitiveness Report is out and it placed Lebanon among the 10 least efficient governments in the world. Lebanon is in fourth position behind Venezuela, Italy and Argentina. The ...
Economics

The Minimum Wage In Lebanon Compared To Others From Around The World

4 years ago
The minimum wage in Lebanon was increased three years ago from 500,000 ($330) to 675,000 ($450), yet a lot of people here still think it’s not enough and that it should be drastically increased. There’s ...
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