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 ...

France's EA Pharma to acquire Spanish group Drasanvi - 10/21/2021 - Eric Apim

FRANCE / SPAIN. The pharmaceutical group EA Pharma enters into exclusive negotiations with Drasanvi, with a view to acquiring a majority stake in the Spanish group.

Egypt, Greece and Cyprus sign electricity transfer agreement - 10/21/2021 - Frédéric Dubessy

EGYPT / GREECE / CYPRUS. Three Eastern Mediterranean countries, Egypt, Greece and Cyprus, sign a tripartite electricity transfer agreement to ensure interconnection, but also to promote the exploration and transfer of natural gas between them.

The European Commission wants to spend €1.2 million on former Basque metal workers - 10/07/2021 - Eric Apim

SPAIN. Employees made redundant in the metal sector should receive aid from the European Globalisation Adjustment Fund to find a new job or retrain.

Greece orders three defence and intervention frigates from Naval Group and MBDA - 09/28/2021 - Eric Apim

GREECE / FRANCE. The Greek Minister of Defence and the CEOs of Naval Group and MBDA have initialled a memorandum of understanding for the order of three defence and intervention frigates from the two French groups.

ArcelorMittal obtains €280 million from the EIB to finance its research in Europe - 09/28/2021 - Eric Apim

EUROPEAN UNION. On Monday 27 September 2021, the European Investment Bank (EIB) granted ArcelorMittal a €280 million loan. This envelope will be used "for research and innovation in support of the steel group's decarbonization objectives", as stated in a statement by the institution. "It will help the group to achieve its...

EU to build its quantum communications infrastructure - 07/28/2021 - Eric Apim

EU. All Member States commit to explore, over the next twelve months, how to develop and deploy a quantum communication infrastructure across the EU over the next ten years.

Dislog industries welcomes Mediterrania Capital Partners in its capital - 07/22/2021 - Eric Apim

MOROCCO / MALTA / TUNISIA. The Moroccan company Dislog Industries is raising 280 million dirhams from Mediterrania Capital Partners to develop through external growth in Morocco and internationally, notably in Tunisia.

Italian fashion house Etro to be acquired by LVMH - 07/20/2021 - Eric Apim

ITALY / FRANCE. The Italian family fashion house Etro has signed a sale agreement with L Catterton, a Franco-American private-equity company co-founded by Catterton, LVMH and the Arnault group.

Alterian Resources discovers high-grade copper and silver deposits in Morocco - 07/05/2021 - Eric Apim

MOROCCO. Awarded by tender to Alterian Resources, a subsidiary of Altus Strategies, the Moroccan deposits of Azrar, Izougza and Tata in the Western Anti-Atlas look very promising.

Egypt orders nearly €4 billion worth of Rafales - 05/04/2021 - Eric Apim

EGYPT / FRANCE. Dassault Aviation announced an order for thirty Rafale aircraft from the Egyptian government for its air force.

Despite the crisis, global military spending grew by 2.6% in 2020 - 04/29/2021 - Eric Apim

WORLD. According to the Stockholm International Peace Research Institute (SIPRI), global military spending reached $1981 billion (€1634 billion) in 2020 compared to 2019, an increase of 2.6% and the highest level since 1988. They "include all government spending on armed forces and military activities, including salaries and...

Libya to study the establishment of several oil refineries - 04/27/2021 - Frédéric Dubessy

LIBYA. While the production of hydrocarbons is slowed down due to the lack of budgets for the companies in the sector, Libya intends to create several oil refineries in order to limit the recourse to the import of finished products.

Tunisia launches its first 100% Tunisian satellite designed by Telnet Holding - 03/22/2021 - Eric Apim

TUNISIA. The Tunisian company of telecommunication Telnet Holding succeeded in launching Challenger One, the first satellite of the country entirely manufactured locally by young Tunisian engineers.
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