January 2012


Main reports: In the run up to the 2012 budget Prime Minister Dr Salam Fayyad has warned that the Palestinian Authority will need to raise taxes and cut costs to counter the on- going fiscal crisis.

The latest trade figures from PCBS show that Israel remained the major trading partner for the PA in 2010.

The Office of the Quartet Representative (OQR) issued a report on the aggregates industry in the West Bank.

On 19 December the European Commission adopted the 2012 aid package for the Palestinian Territory, planning to spend €300m.

An UNRWA report on the West Bank labour market released in December reveals that the private sector accounted for more than 90% of the growth in employment in the West Bank in the first half of 2011.