Econostrum | Economic News in the Mediterranean



Get the latest updates industries in the Mediterranean: aerospace, automotive, food processing, steel, petrochemicals, energy, ICT, construction, textile... in Algeria, Spain, France, Italy, Morocco , Tunisia, Portugal, Egypt, Greece, Turkey ...

Sonatrach will invest $40 bn over five years - 01/05/2021 - Frédéric Dubessy

ALGERIA. The Algerian group Sonatrach announces an investment programme of $40 billion over five years, 51% of which in dinars.

Agreement on the European Defence Fund with a budget of nearly €8 billion - 12/14/2020 - Eric Apim

EU. The European Commission welcomes the validation of the European Defence Fund, a new multiannual financial programme worth almost €8 billion.

Morocco is to host the first automobile test centre on the African continent - 12/04/2020

MOROCCO. The independent private companies UTAC CERAM and FEV Group, partners of the automobile industry... version française

The European Commission is set to approve the merger between PSA and FCA before the end of 2020. - 10/26/2020 - Frédéric Dubessy

FRANCE / ITALY. The merger between car manufacturers PSA and FCA should be approved by the European Commission, which had opened an in-depth investigation into the project. version française

The French agri-food cooperative group Cooperl threatens to close several factories - 10/21/2020 - Frédéric Dubessy

FRANCE. Sentenced to a €35.5 million fine in the so-called "ham cartel" case, Cooperl claims to be innocent and announces that its payment puts the Breton group virtually in suspension of payments.

European Parliament approves €2 million aid to former shipbuilding employees in Galicia - 10/20/2020 - Eric Apim

SPAIN. 500 former workers in sectors related to shipbuilding in Galicia will benefit from a reorientation plan 60% financed by the European Union. version française

McPhy raises €180 million to accelerate its development in zero-carbon hydrogen - 10/14/2020 - Frédéric Dubessy

FRANCE. French electrolyser and storage systems manufacturer McPhy successfully raises €180 million from strategic investors, its historical shareholders and institutional investors.

Egypt has its own license plate manufacturing plant - 10/14/2020 - Frédéric Dubessy

EGYPT. A joint venture between AOI (Arab Organisation for Industrialisation) and the German group Tönnjes gives birth to a license plate manufacturing plant in Egypt.

The Airbus redundancy plan will not include any dry layoffs in France - 10/13/2020 - Frédéric Dubessy

FRANCE. Airbus management signs two agreements with the unions as part of its job protection plan, which provides for 4,200 job cuts based on voluntary redundancies. version française

Ferrero to invest €42m in France, notably in a logistics centre in Normandy - 09/29/2020 - Frédéric Dubessy

FRANCE / ITALY. Italian food group Ferrero plans to invest €42m in Normandy, mainly with the construction of a new warehouse at Criquebeuf-sur-Seine, in the Eure department. version française

Airbus promises the first commercial flight of a hydrogen-powered aircraft in 2035 - 09/21/2020 - Frédéric Dubessy

FRANCE. Airbus has revealed its strategy to develop a hydrogen-powered commercial aircraft in 2035. Its teams are working on three version française

European Commission proposes €2 million to 500 shipbuilding workers made redundant in Galicia - 09/11/2020 - Frédéric Dubessy

SPAIN. The European Commission wants to grant 2 M€ to Spain under the European Globalisation Adjustment Fund to help 500 former workers in the shipbuilding and related sectors who have been made redundant in Galicia. version française

PSA and Total start manufacturing batteries for electric vehicles - 09/04/2020 - Frédéric Dubessy

FRANCE. PSA and Total create Automative Cells Company, a joint venture which will manufacture batteries for European electric vehicles. Version française
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