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 Tunisian Land'Or concretizes its development in Morocco - 02/24/2022

MOROCCO / TUNISIA. The Tunisian Land'Or obtains an additional loan of 36,9 million dirhams (3,5 M€) for its subsidiary Land'Or Maroc Industrie which finalizes a factory in Kenitra.

Italy's Saipem fined €192m for corruption in Algeria - 02/16/2022

ITALY / ALGERIA. An Algerian court's ruling on corruption in the oil sector has put Saipem in serious financial difficulties.

The specialist in reprogrammable semiconductors Menta obtains €7.5 million from the EIB - 02/03/2022

FRANCE. To support its growth, Côte d'Azur company Menta, which concentrates all the components of a computer on a single chip, has signed a €7.5m financing agreement with the European Investment Bank.

Morocco's Managem to recycle cobalt near Marrakech - 01/27/2022

MOROCCO. Swiss group Glencore signs an agreement with Morocco's Managem to produce cobalt from recycled cobalt, nickel and lithium at the Guemsa hydrometallurgical refinery.

Greece fined €5.5m for undue aid to mining company Larco - 01/20/2022

GREECE. The Court of Justice of the European Union orders the Greek State to pay a lump sum fine of €5.5m and a half-yearly penalty payment of €4.36m for failing to recover illegal aid paid to Larco.

The ITCEQ calls for a renewal of the industrial policy in Tunisia - 01/14/2022

TUNISIA. A study of the Tunisian Institute of competitiveness and quantitative studies (ITCEQ) of January 2022 gives tracks to develop the industry in Tunisia and insists on the importance of the intervention of the public authorities.

Libya's crude oil production is trying to get back on track - 01/11/2022

LIBYA. According to the Libyan Oil Ministry, crude oil production in the country has risen from 700,000 to 900,000 barrels per day, thanks to the end of maintenance work on a pipeline.

EU estimates €500bn investment needed in nuclear power by 2050 - 01/11/2022

EU. In an interview with the Journal du Dimanche, Thierry Breton, European Commissioner for the Internal Market, estimates that more than €500 billion will have to be spent on nuclear power by 2050.

Turkey to have its own fighter jet in 2025 - 01/07/2022

Ahmet Davutoğlu, Ankara, Aselsan, Turkish fighter, BAE Systems, Bayraktar, F-35, Fikri Isik, General Electric, Great Britain, HISAR, industry, Milli Muharip Uçak, MMU, Recep Tayyip Erdogan, Roketsan, SIPER, TAI, TB2, Temel Kotil, TF-X, TRMotor, Turkish Aerospace, Turkey, Tusas, USA

Algeria increases its hydrocarbon export revenues by 70% - 01/04/2022

ALGERIA. The CEO of Sonatrach announces an increase in gas and oil exports of 19% in volume and 70% in turnover in 2021 with a result of 34.5 billion dollars.

IFC and Proparco finance the expansion of Moroccan Dolidol - 12/23/2021

MOROCCO. The Moroccan bedding specialist Dolidol signs two loans for a total amount of €20M with the International Finance Corporation and Proparco to support its development in Nigeria and its good environmental practices in Morocco.

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.
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