Egypt's economy exceeds expections in 2014-2015

GMT 03:54 2015 Wednesday ,15 July

Arab Today, arab today Egypt's economy exceeds expections in 2014-2015

Egyptian finance minister Hani Qadri
Cairo - MENA

The Egyptian economy has beaten the most optimistic forecasts during 2014-2015 despite the challenges it faced, finance minister said Tuesday.

Hani Qadri ascribed the positive economic fundamentals and achievements to the enormous efforts of the Egyptians in different fields.

In his statement, Qadri said the civil servant law ensuring a periodic increase in the salaries in the government by five percent, stressing the importance of motivating workers morally, adding this motivation was no less important than the financial incentives.

He added the civil servant law included many advantages such as occupying public vacancies via announcements on the government website, increasing the career hierarchy to 16 levels instead of only six to reduce the periods between each promotion, and increasing the annual leave to 45 days for the people with special needs.


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