Covid-19 | Tags | Econostrum | Economic News in the Mediterranean

The UNCTAD is alarmed by the increase in unemployment and poverty in Palestine

09/15/2022 | Society / Institutions

PALESTINE. In its latest report on its program of assistance to the Palestinian people, the United Nations Conference on Trade and Development indicates that 36% of the Palestinian population will be living below the poverty line by the end of 2021.

Covid-19, Gaza, Israel, Palestine, Palestinian Authority, Tor Wennesland, UNCTAD, United Nations, West Bank

The EU has released €53.7 billion to help its partner countries absorb the consequences of Covid-19

09/13/2022 | Society / Institutions

EU. The European Union, its member states and European financial institutions have committed €53.7 billion in 2021 to help their partner countries cope with the pandemic and its consequences.

Balkans, Covid-19, EBRD, EIB, EU, European Bank for Reconstruction and Development, European Commission, European Investment Bank, European Union, Jutta Urpilainen, Sub-Saharan Africa, Team Europe

Aquila Clean Energy to invest €2 billion in renewable energy in Spain and Portugal

09/08/2022 | Environment

SPAIN / PORTUGAL. Aquila Clean Energy EMEA will invest €2 billion over three years in the renewable energy sector in Spain and Portugal through the InvestEU program.

Emmanuel Macron on "friendship visit" to Algiers and Oran to renew France's ties with Algeria

08/24/2022 | Society / Institutions

ALGERIA / FRANCE. The president of the French Republic visits Algeria for three days to renew ties with the country and meet with the Algerian population, especially the youth.

Egypt's central bank governor throws in the towel amid economic meltdown

08/18/2022 | Society / Institutions

EGYPT. Tareq Amer, Governor of the Central Bank of Egypt, has decided to resign one year before the end of his mandate. His country is experiencing a serious economic crisis.

Abdel-Fattah Sissi, Cairo, CBE, Central Bank of Egypt, Covid-19, Egypt, Egyptian economy, GlobalMarkets, IMF, International Monetary Fund, Russia, Tareq Amer, Ukraine, World Bank

Tunisian employers call for a free trade agreement between Tunisia and Algeria

07/19/2022 | Society / Institutions

TUNISIA / ALGERIA. The Tunisian Union of Industry, Trade and Handicrafts (UTICA) militates for the signature of an agreement of free trade and free movement between Tunisia and Algeria.

Abdelmadjid Tebboune, Algeria, Commerce and Handicrafts, Covid-19, Kaïs Saïed, Mohsen Hassan, Tunisia, Tunisian Union of Industry, UTICA, Wided Bouchamaoui

The EU's inhabitants are becoming fewer and fewer

07/12/2022 | Society / Institutions

EU. The population of the European Union decreased again in 2021 from 447 million on 1 January 2021 to 446.8 million on 1 January 2022.

António Guterres, Covid-19, Croatia, Cyprus, Egypt, European Commission, European Union, Eurostat, France, Germany, Italy, Malta, population, population in the EU, Slovenia, Southern Europe, Spain, World Population Day

Land borders between Algeria and Tunisia to reopen

07/07/2022 | Society / Institutions

ALGERIA / TUNISIA. After more than two years of closure because of Covid-19, the land borders between Algeria and Tunisia will reopen from 15 July 2022.

Abdelmadjid Tebboune, Algeria, borders, Covid-19, Kaïs Saïed, Morocco, tourism, Tunisia

EU releases €50m to help refugees in Turkey

06/14/2022 | Society / Institutions

TURKEY / EU. The European Commission announces €50m in aid for vulnerable refugees and the communities hosting them in Turkey.

Covid-19, Emergency Social Assistance Plan, ESNN, EU, European Union, humanitarian aid, IFRC, Janez Lenarčič, Red Crescent, Red Cross, refugees, Syrians, Turkey, Turkish Red Crescent, UN Refugee Agency

Société des Bains de mer struggles to recover its pre-Covid-19 jackpot

06/07/2022 | Services

MONACO. With a turnover of €530.5m achieved from 1 April 2021 to 31 March 2022, Société des Bains de Mer in Monaco posted a 57% increase, but remained 14% down on the pre-Covid-19 2019-2020 financial year.

BEG, Betclic Everest Group, casinos, Cercle des étrangers, Covid-19, FL Entertainment, games, Grand Pirx de Formule 1 de Monaco, Monaco, Monte Carlo, Monte Carlo SBM International, pandemic, Rolex Monte-Carlo Master, SBM, Société des Bains de Mer, Sun Casino

French farms, fish farms and Air France employees to receive €420m in aid

05/12/2022 | Society / Institutions

FRANCE. The European Commission approves €400m of state aid to support French farms and fish farms and proposes to provide €17.7m of support for Air France employees made redundant by the pandemic.

Air France, Covid-19, European Commission, European Council, European Globalisation Adjustment Fund, European Parliament, fish farms, Ile-de-France, Paris, Russia, state aid, subsidies, temporary crisis framework, Ukraine

Air Algerie authorized to buy fifteen new aircraft to expand its range

05/10/2022 | Transport

ALGERIA. The Algerian government is going to reinforce the international summer programme of Air Algerie and authorises the national company to acquire fifteen new aircraft.

Five Mediterranean countries in the top 20 of world military spending

05/03/2022 | Society / Institutions

MEDITERRANEAN. World military spending has reached $2.1 trillion in 2021, an all-time record to which Mediterranean countries have contributed $150 billion.

The IMF revises downwards the prospects of the euro zone

04/21/2022 | Society / Institutions

EU. The war in Ukraine, but also the effects of the Covid-19 which persist, will impact more strongly than expected on the world and European economies according to the International Monetary Fund.

Bretton Woods, Covid-19, euro area, European Union, France, Germany, growth, International Monetary Fund, Italy, Pierre-Olivier Gourinchas, Russia, Ukraine

The European Commission pays €21 billion to Italy

04/14/2022 | Society / Institutions

ITALY. The European Commission has made a first payment of €21bn to Italy under the Recovery and Resilience Facility of the NextGenerationEU programme.

Council of the European Union, Covid-19, Economic and Financial Committee of the European Council, European Commission, European common debt, European Union, FRR, Italy, Member State, NextGenerationEU, Recovery and Resilience Facility, Recovery and Resilience Plan, Rome

Cepasco launches an olfactory rehabilitation kit using spices

03/28/2022 | Industry

FRANCE. A company created half a century ago in Algeria, the Provençal Cepasco has kept its Mediterranean DNA right up to its supplies and its market share in ethnic grocery shops.

Egypt seeks further IMF support to underpin its comprehensive economic programme

03/24/2022 | Society / Institutions

EGYPT. Faced with the development of the war in Ukraine and its consequences on their country, the Egyptian authorities are launching a comprehensive economic programme and requesting new financial assistance from the International Monetary Fund.

Tunisia achieved an economic growth of 3.1% in 2021

03/17/2022 | Society / Institutions

TUNISIA. According to the Tunisian National Institute of Statistics, after a GDP in decline of 8,7% in 2020, the Tunisian economic growth recorded an increase of 3,1% in 2021.

Covid-19, IMF, INS, International Monetary Fund, Tunisia, Tunisia GDP, Tunisian economy, Tunisian National Institute of Statistics, WB, World Bank

French regional airports more resilient in 2021 than Parisian tarmacs

03/15/2022 | Transport

FRANCE. Due to Covid-19, the 2021 traffic of French airports is up 29.5% compared to 2020, but down 57.7% compared to 2019 according to figures published by the Union of French Airports and Associated Francophones (UAF & FA).

Italian passenger rail operators to receive €687m in aid

03/03/2022 | Transport

ITALY. The European Commission authorises the Italian aid scheme to compensate commercial rail passenger transport operators for the damage caused by the Covid-19 pandemic.

compensation, Covid-19, European Commission, Italy, pandemic, rail transport, transport