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 ...

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

WORLD. According to the Stockholm International Peace Research Institute (SIPRI), global military spending reached $1981 billion (€1634 billion) in...

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

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

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.

France joins the Eastern Mediterranean Gas Forum - 03/10/2021

MEDITERRANEAN. The Member States of the Eastern Mediterranean Gas Forum have accepted the arrival of France as a member and the United States as a permanent observer. version française

Saint-Gobain sells distribution networks but invests in production in Spain - 03/03/2021

FRANCE / SPAIN. The French building materials group announces the creation of a new plasterboard line at its Quinto plant near Zaragoza. version française

The EU and Qatar to finance a €70 million gas pipeline between Israel and the Gaza Strip - 02/25/2021

PALESTINE. Qatar and the European Union have pledged $60 million and €20 million respectively to finance a gas pipeline linking Israel to the Gaza Strip power plant.
version française

European Commission strengthens synergies between civil, space and defense industries - 02/22/2021

EU. intends to better respond to geopolitical competition and strengthen its technological sovereignty by launching a plan to foster interaction between the civil, space and defense industries. version française

Renault records a historic loss of €8 billion in 2020 - 02/19/2021

FRANCE. Catastrophic year for Renault with a 21.7% drop in revenues in 2020, despite a better second half of the year.
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EU provides €8m to fund 55 European researchers - 01/08/2021

EU. As part of the "Proof of Concept" programme, the European Union is allocating an additional €8.25 million to promote the marketing of research results, particularly in the health and social fields.

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

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

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

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

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

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
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