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Libya Business


Bussines in Libya


Economy

The limited exposure of Libya's financial sector and sound macroeconomic management meant the country was not badly hit by the global financial crisis. Despite lower world oil prices, Libya has maintained a positive albeit lower growth level, as well as strong fiscal and external balances.

The oil and gas industry remains largely state-owned, although more than 50 international oil companies operate in Libya under Exploration and Production Sharing Agreements (EPSA). These include ENI, Repsol, Total, Shell and BP. In 2007, Libya asked for the renegotiation of legally-binding EPSAs, causing concern among the oil majors over the exploration and production terms and conditions. More recently, the resignation of the chairman of the National Oil Corporation (NOC) in September 2009 triggered new worries among oil companies who viewed him as a consistent and stabilizing force within an erratic and unpredictable regulatory environment. The concerns rapidly eased however, when it was announced that the chairman would return to his post with the aim of streamlining the NOC's heavy bureaucracy.

On the social front, a Wealth Distribution Programme initiated by the Libyan leader Muammar al-Qadhafi in March 2008 to redistribute part of the oil wealth to the population, has so far approved only LYD 4.6 billion (USD 3.8 billion) of spending in the 2008 budget. The 2009 programme was put on hold over concerns about a potential impact on inflation and the provision of basic public services. According to the Libyan authorities, a study on the performance and functioning of the programme is being carried out before it is resumed.

How's the business in Libya?


Libya Business comments

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In Libya everything you do term of business is control by the goverment. It is not easy to do business in libya without interference of the goverment.
Kali, England, Tripoli


It's good place to do business but don't mess with president or his sons!
Jerome , Swiss



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Political in Libya

Politic in Libya


Since Muammar al-Qadhafi came to power on 1 September 1969, Libya has experienced political stability despite institutional transformations as well as tension and conflicts with foreign nations. Since the removal of international sanctions, Libya's ties with the rest of the world have improved significantly. It has initiated measures aiming to increase its international action. The political system has never followed a multi-party democracy model. It is anchored around the notion of Libyan Jamahiriya, or 'State of the Masses', where people are expected to govern through a large number of People's Committees and Congresses.

Since the suspension of UN sanctions, however, the government has displayed increased willingness to tolerate comment on and criticism of political decisions in the People's Congresses and in the public arena. This new tolerance has benefited from the easing of diplomatic tensions with the United States, European Union and other states, and the lack of internal Islamist opposition.

Libya chaired the African Union for one year from February 2009 and pursued an agenda of strengthening continental unity. The liberation of the man convicted of the 1988 bombing of a US jet over Lockerbie, Scotland, and his welcome back to Tripoli triggered international discontent but it is unlikely to have a long-term impact on Libya's efforts to normalise relations with the European Union and United States. In January 2010, tensions with European countries increased when Libya stopped granting visas to nationals from the European Schengen area in retaliation to Switzerland's refusal to grant visas to selected Libyan nationals. However tensions are expected to ease, prior to the March 2010 lifting of visa restrictions.


Libya Political comments

Your comments


Muammar Gaddafi was a good dictator for Africa than others African dictators. Soon people in Libya and in Africa will realise what they missed!
Jamal , Sudan


Sorry, may be Africa will miss him but in Benghazi and Misurata won't! Thanks God is gone.
Mo , Libya,Bengazhi


Africa will miss him and Even people of Benghazi and Misrata will miss him. It is a crime committed by Sarkozy, Obama and Cameron...
Berik , Ivory Coast


Sarkozy is a dictator. Sarkozy brought his army in Lybia to kill Lybian. Obama is a dictator He broought his army in Lybia to kill Lybian. Cameron is a dictator he brought his army in Lybia to kill.
Berik , Ivory Coast


POrq que ele deve ser lembrado em africa? Causou morte de muita gente
Augusto N. K , Angola


Yes you all right very soon people will realize that it was a big mistake that we made, Libya is one of the best country which take care of Africa, but the Europeans and American always have their hidden agenda against Africa. Africa need to unit and fight against those western dictators
Anthony Gyamfi , Kumasi


Lybian people in Bengazhi doing deals with al qaeda and satan him self, nato dont you know the devil always comes to collect. I feel very sorry for you, and the Lybian people, and my self included, because tirrany always comes home ! Long live the best dictator the world has ever seen.
gary , london england


Gadhaffi is an independent hero for Libya, he stood up to imperialism and false criminal imperialist power to the end. Libyan history will not miss a beat of Gadhafi, he was betrayed by almost every walk of Life. Gadhafi is the best of our times. None in the world will match up to Gadhafi.
Asuma Azima , Libya, Tripoli


NATO bombed Libya to stone age, but yet majority of Libya refuses to bend towards NATO pressure, NATO responded by issuing $480 billion bombardment bill to new selected pro West government, so much for democrazy, rebels have robed enough money out of Libya, after robed money is finished, think????!!
B Degaulle , France, Paris


In a democratic election, Gadhaffi would surely win all the votes, making Africa one of the most strongest and powerful continents in the world, the trick is Africa never fought for Moammar Gadhaffi, they all played on the hands of imperialism. The game plan is forever poverty and feeble Africa.
B Degaulle , France, Paris


@ Mo Libya Benghazi. I don't know what type of demon you are, the truth is Benghazi and Misrata have turned into lunatic Allah Akbar bearded fanatic lynch mob cities, you will be under Israeli and IMF control, heavily indebted, malnourished country. Children have bcome beggars in Bengazi, haha.
Joseph Mukasa , Uganda, Kampala


It is too early to judge Gaddafi. History will give us one day an objective assessment of the person with his failures and achievements. He overstayed in power and perhaps, this eroded his ability to steer the tenets of his green book. He failed to enlighten his people and leave behind a prosperous Libyan society. His exit from this earthy life was cruel for a leader who had huge financial and natural resources that could have lifted Africa from the vicious circle of poverty, illiteracy and so on and so forth.
Iba KONE , Kenya


I think it's too early to judge.. let's wait and see... History will tell?
Assane , Ivory Coast


Libyan people just destroyed their last remaining legacy all in the name of greedyness self propelled by the western agenda. Americans are so evil, i wish to see that white house burning down one day. Gaddafi gave Libyans life and for the sake of OIL and money the micky mouse america financed crime.
Jeffrey Ledwaba , South Africa


The independence of parts of Asia and Africa in the 1950s,60s and 70s, has moved colonialism to post-colonialism, yet it is stagnant. More accurately, this is defined as institutionalism. Meaning, even though the rulers have left Africa and Asia, they have left a strong conscious control of Africa.
Mark , UK, London


All I can say is please watch WWW.noi.org Oct 25th webcast. I tell you this the only people happy that he is gone are NATO now they have complete access to Libya's OIL and now STOLLEN Libya's Gold & some uncle Tom Arabs now bk by NATO killing Africans in Libya. Watch RT & Press Tv not BBC / Sky.
Pan Africanist , This Earth


What happened to Gadhaffi was not about him or even the Libyan people. It was about the west disparate for resources. They are running out and their model of capitalism is collapsing around their ears. They will soon turn against each other, buy first intend on steeling African & other developing-
Fred , USA


Countries wealth. They are sick and intent on destroying the earth to feed their greed. That's why they are looking to live on the moon or Mars. What happened in Libya was to send a message to all other developing countries. If u think ur going to help ur people b4 feeding us this is what we will do
Fred , USA


Libyans be prepared for the worst may his soul rest in perfect peace.
Idi Mundi , Minna,Nigeria


I can't believe we failed 2 condemn Gaddafi whn we could, & now we ar jumping on de western world. OK, let's say they actually messed up; who gave them that vacum to? If he'd done as required of him by his natives, & he didnt raise planes 2 bomb them, wouldn't Libyans hav protected him?
Sincere , Kampala


Too little knowledge can be a dangerous thing. Some of us just don't know that we don't know. With the greatest or respect Ur comment is extremely ignorant. U believe everything thing u c and read in the News papers and repeat what u think u know with confidence.
Abdul , Mali


How do u know that the vast majorities of Libyans were not with Him? U just lap up whatever news u get from western sources. How can an army with a small population of people take on a a few hundred a 1000 at best rebels back by the might of the USA, UK, France, Canada & Italy's army? Think bout it!
abdul , Mali


I agree. NATO are cowards. Let's see if they got the BALLs to take on Russia, China, & N. Korea. Read the book ""The Confession of an Economic Hitman" you might learn something that will save ur live my Ugandan friend as NATO comes to deal with the rest of Africa soon. But will use fools like U.
Moses , Kenya


I wouldn't make deep comennts abut Gadafi.He is man who belong to the 20th sevtury in my opinion he realy was dictator and libina people have all reasons on the world to fight agenst Gadfi and his regim.But in my opinion here is big problem for whole world the legitimity of NATO air strick!!!!!!!!
Svetlana , Barcelona


With death of Mr Gaddafi, it only shows that countries with oil are in deep danger of being attacked by the western, they are looking for the most weakest point of the world in Africa continent, our African leader should be aware of that. Donīt try to buy their confidence
Aguinaldo , Luanda, Angola


This happened in Africa, at African watch. NATO has succeeded in making gays out of Africa, every African leader was scared, it was even worse than what Nazi's did, so who cares?. It's all done in Africa. White world rules, oil, gold, cocoa to Europe, aid and aids to Africa. Die baby die stupid.
B Degaulle , France, Paris


why libya and not somalia we have alot of problem in somalia they are blind so sad about our king of kings gadaffff
prosper , sweden


The daeth of the Col Gaddafi have have bring a change in kenya, in anegative way. Feul since that time have become tragedy in teams of price, and scarcity. Libyans will never stay in peaceful way get to know that.
Chekule En Boron , Kenya


Solution to smthing is not death, but we hava to think big and get another way to solve a conflict.
Chelule , Kenya


Those few who benefited from Col Gaddafi personally will miss him. The majority of Africans dont give a toss. We are actually glad that he is gone but sad that he will never face the victims in a court of Law
Sunday , UK



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Usefull Information Libya

Top Hotels

  • Sara's Guardian Hotel
  • Attawfeek Hotel
  • Corinthia Hotel Tripoli

Top restaurants

  • Chinese Express Takeaway
  • Veranda Cafe
  • Al-Athar (The Ruins)

Place to visit

  • Tripoli's Jamahiriya Museum
  • Green Square
  • Tripoli's Medina

Internet Access

  • The Internet in Libya might be considered the only space of freedom available to a people living in a state of oppression and bereft of all public freedoms including the freedom of expression.
  • In 1998, the number of Internet users in Libya did not exceed 100 people. By early 2001, after Internet service was extended to the public, the number reached 300,000. By mid-2003, the number was estimated to be 850,000. It is rapidly reaching one million users, an immense number considering that the population in Libya is 6 million people.

Not to miss to see

  • Tripoli's Jamahiriya Museum
  • Green Square
Libya Usefull information comments

Your comments


After goverment decided the internet to be available for people. It helps us to express about our concerne in internet.
Jamili


Forget about going to holiday in Libya. You're not welcome specialy Nigerian.
Jonson


Who told you come over here Mr. Nigerian.
Ali Mo



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