EU | Tags | Econostrum | Economic News in the Mediterranean

The European Commission gives the green light to state aid in the field of hydrogen

09/22/2022 | Industry

EU. The European Commission has approved the public aid proposed jointly by thirteen Member States for the second major project of common European interest concerning hydrogen.

Malta to receive € 817 million from the EU to green and digitalize its economy

09/20/2022 | Society / Institutions

MALTA. As part of the European Union's cohesion policy for the period 2021-2027, Malta will receive €817M in funding to support a more competitive, inclusive, green and digital economy.

European Commission calls for emergency intervention in energy markets

09/15/2022 | Society / Institutions

EU. In her State of the Union address, Ursula von der Leyen, President of the European Commission, proposed a new emergency package for European energy markets in response to recent dramatic increases in energy prices.

energy, EU, European Commission, European Union, gas, Kadri Simson, Putin, Russia, Russian gas, state of the union address, Ukraine, Ursula von der Leyen

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

European solar electricity production reached a record high during the summer of 2022

09/13/2022 | Environment

EU. Photovoltaic panels installed in the European Union broke their record in the summer of 2022 by producing 12.2% of the EU's electricity.

The Egyptian Abou Ghaly Motors will have 250 electric cabs

09/08/2022 | Environment

EGYPT. Egypt's Abou Ghaly Motors, a provider of integrated mobility solutions, will purchase 250 range-extended electric vehicles (REEVs) for its cab services.

Croatia to get €9 billion in European cohesion policy

08/25/2022 | Society / Institutions

CROATIA. As part of its partnership agreement with the European Commission and cohesion policy for the period 2021-2027, Croatia gets €9bn in investment funding.

The euro now trades at less than a dollar

08/23/2022 | Society / Institutions

EU. For the first time since its introduction in January 2002, the euro has fallen below the dollar. At the close of business on Monday 22 August 2022.

Croatia, dollar, ECB, EU, euro, euro area, European Central Bank, European Union, Fed, hydrocarbons, Isabel Schnabel, Jerome Powell, Nord Stream 1, Ukraine, United States, US Federal Reserve

Greece officially freed from the European Union's tutelage

08/23/2022 | Society / Institutions

GREECE. After twelve years of European tutelage, Greece is emerging from the European Commission's enhanced surveillance process.

Athens, ECB, EU, European Central Bank, European Commission, European Union, Greece, Greek economy, IMF, International Monetary Fund, Kyriakos Mitsotakis, Paolo Gentiloni

EU fails to ease tensions between Serbia and Kosovo

08/19/2022 | Society / Institutions

SERBIA / KOSOVO. A new Kosovan law, requiring Serbs residing in Kosovo to have license plates and identity cards issued by the Kosovo authorities, heightens tensions between the two sides.

Albin Kurti, Aleksandar Vučić, Belgrade, Brussels, EU, European Union, Josep Borrell, Kfor, Kosovo, NATO, North Atlantic Treaty Organisation, Pristina, Serbia

Spain and Portugal support a gas pipeline project between the Iberian Peninsula and Central Europe

08/18/2022 | Society / Institutions

SPAIN / PORTUGAL. Berlin's idea of building a gas pipeline linking Spain to Central Europe is appealing to the leaders of the Iberian Peninsula. The MidCat project for a gas pipeline across the Pyrenees is revived.

Croatia regains territorial continuity with new bridge

08/16/2022 | Transport

CROATIA. Thanks to the inauguration of the Pelješac bridge, tourists and Croats from the North are no longer obliged to use a small strip of Bosnia-Herzegovina territory to reach the South of the country, particularly Dubrovnik.

EU member states agree on plan to reduce gas consumption

07/28/2022 | Society / Institutions

EU. In order to respond to the decline in Russian gas supplies, the Council of the European Union adopts a European Commission proposal to organise a coordinated reduction in gas consumption in the 27 Member States.

A €7 toll to enter the Schengen area

07/21/2022 | Society / Institutions

EU. Based on the principle of the American ESTA, the European Union is going to set up an Electronic System for Travel Authorization for visitors from countries that do not require a visa to travel to a Member State and wish to enter the Schengen area.

Electronic System for Travel Authorization, ESTA, ETIAS, EU, European Travel Information and Authorization System, European Union, Schengen area

EU to invest €1.2bn in defence industrial cooperation projects

07/21/2022 | Industry

EU. The European Commission is to provide a total of almost €1.2 billion in EU funding for sixty-one collaborative defence research and development projects.

defence, EDF, EU, Europe, European Commission, European Defence Fund, Margrethe Vestager, Norway, ORT, research and technology organisations, Thierry Breton

Croatia to swap kuna for euro from 1 January 2023

07/13/2022 | Society / Institutions

CROATIA. After the vote of three legal texts as the last validation of the process, the euro will become the official currency of Croatia as of 1 January 2023, which will be the twentieth Member State to adopt it.

EU to invest over €1bn in Cyprus as part of its social cohesion policy

07/12/2022 | Society / Institutions

CYPRUS. Following the adoption of the Partnership Agreement, the Single Operational Programme and the Just Transition Plan for Cyprus, the European Union will invest more than €1bn in this country between 2021 and 2027.

EU legislates to ensure no gas shortages this winter

06/28/2022 | Society / Institutions

EU. The European Council definitively adopts a regulation on gas storage aimed at securing the energy supply of Member States in the face of the threat of shortages caused by the war in Ukraine.

Cyprus, energy, EU, European Commission, European Council, European Parliament, European Union, gas, Ireland, liquefied natural gas, LNG, Malta, Ukraine

Slovenia decides to dismantle the anti-migration barbed wire fence separating it from Croatia

06/16/2022 | Society / Institutions

SLOVENIA / CROATIA. The new president of the Slovenian government will dismantle the barbed wire fence on its border with Croatia to prevent migrants from crossing into Slovenia.

EU to buy natural gas from Israel via Egypt