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 ...

The EU commits $82 million to greening Egyptian SMEs - 12/21/2021

EGYPT. The European Bank for Reconstruction and Development, the European Union and the Green Climate Fund are partnering with the Ahli United Bank in Egypt to help Egyptian SMEs build a greener supply chain.

EssilorLuxottica closes purchase of GrandVision - 12/07/2021

FRANCE/ITALY. The last phase of the takeover of the Dutch group by the Franco-Italian giant has just been completed on 6 December 2021.

Record contract for Dassault Aviation - 12/03/2021

FRANCE. Rafale sale announcements follow one another in southern Europe and in the MENA (Middle East and North Africa) region.

Beneteau strengthens its presence in Portugal - 12/03/2021

FRANCE/PORTUGAL. Less than three months after the purchase of Starfisher, the French group carries out a second external growth in Portugal with Rodman Lusitania.

Morocco secures its gas supplies - 12/02/2021

MOROCCO/ALGERIA. Deprived of Algerian gas, Morocco signs an LNG supply contract with Sound Energy.

Morocco signs a security cooperation agreement with Israel - 11/25/2021

ISRAEL/MOROCCO. After the political, the military and the economic. One year after the normalisation of relations between Israel and Morocco, the two countries have just signed a historic security cooperation agreement on 24 November.

Conserve Italia and Conserves France ordered to pay €20m for anti-competitive practices - 11/23/2021

ITALY. Conserve Italia and its subsidiary Conserves France S.A. have been fined €20m by the European Commission for cartel practices in the vegetable canning sector.

Europlasma seeks to gain a foothold in Algeria - 11/18/2021

FRANCE / ALGERIA. The French group Europlasma, specialist in depollution, opens discussions with the Algerian NCC Environnement.

European Commission releases €1.4m for former Aragonese car workers - 11/10/2021

SPAIN. In the framework of the European Globalisation Adjustment Fund, the European Commission has proposed an envelope of €1.4 million to help employees made redundant in the automobile sector in the Aragon region of Spain.

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

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

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

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

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

EUROPEAN UNION. On Monday 27 September 2021, the European Investment Bank (EIB) granted ArcelorMittal a €280 million loan. This envelope will be used...

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

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.
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