Europe | Tags | Econostrum | Economic News in the Mediterranean

Voltalia invests in five new solar power plants in Portugal

09/22/2022 | Environment

PORTUGAL / FRANCE. The French Voltalia will build a new complex of small solar power plants in Portugal on five sites.

The taxation of inflationary profits is gaining more and more supporters in Southern Europe

09/06/2022 | Society / Institutions

MEDITERRANEAN. Italy, Greece and Spain have already taken the step of taxing "superprofits" that benefit from inflation. The French government is hesitating.

CMA CGM, Covid, energy, Engie, Europe, European Commission, France, Greece, inflation, Italy, logistics. TotalEnergies, Mediterranean, oil companies, profits, Spain, superprofits, taxation, Ukraine

Air France-KLM in the front row for the privatization of the ex-Alitalia which became ITA Airways

09/01/2022 | Society / Institutions

ITALY / FRANCE / UNITED STATES. The Italian Ministry of Economy opened exclusive negotiations with the American investment fund Certares, associated with the airlines Air France-KLM and Delta Air Lines, for the partial takeover of ITA Airways.

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

Sonatrach, Occidental Petroleum, Eni and TotalEnergy to drill 100 oil wells together in Berkine

07/20/2022 | Industry

ALGERIA / ITALY / FRANCE. The Algerian Sonatrach signs a "production sharing" contract with the American Occidental Petroleum, the Italian Eni and the French TotalEnergies.

French pharmaceutical company EA Pharma completes acquisition of Italian company Stardea

07/13/2022 | Industry

FRANCE / ITALY. Côte d'Azur-based EA Pharma continues its external growth operations with the acquisition of Italian company Stardea, which specialises in food supplements, medical devices and dermocosmetics.

1 € = 1 $ and this is a first since the circulation of the European currency

07/12/2022 | Society / Institutions

EU / USA. For the first time since its creation as a circulating currency, the euro was at parity with the dollar on the morning of Tuesday 12 July 2022.

Croatia, dollar, ECB, euro, Europe, European Central Bank, European Commission, European currency, European economy, European Union, Fed, Nord Stream 1, Ukraine, US, US Federal Reserve

Currencies fall against the dollar

07/07/2022 | Society / Institutions

MEDITERRANEAN. Lebanon, Syria and Turkey are among the top six countries whose currencies have lost the most value in two years.

currencies, depreciation, dollar, Euro, Europe, Lebanon, Syria, Turkey

The Balkans are knocking on the EU's door

06/23/2022 | Society / Institutions

EUROPE. Europe is preparing to grant Ukraine what it has refused for years to several Balkan countries.

accession process, Albania, Balkans, Bosnia and Herzegovina, EU candidate, Europe, European Council, France, Kosovo, Montenegro, Northern Macedonia, Serbia, Turkey, Ukraine

Greece gets €1.63bn from Europe to help with energy and climate transition

06/17/2022 | Environment

GREECE. Greece will benefit from €1.63bn from the European Commission's first Just Transition Fund (FTJ) programme to "mitigate the effects of the energy and climate transition on the local economy and society".

Abdelmadjid Tebboune dismisses the governor of the central bank of Algeria

05/25/2022 | Society / Institutions

ALGERIA. Algerian President Abdelmadjid Tebboune decided on Monday 23 May 2022 to dismiss Rosthom Fadli, Governor of the Bank of Algeria

Abdelmadjid Tebboune, Africa, Algeria, Aymen Ben Abderrahmane, Bank of Algeria, Central Bank of Algeria, CMC, CML, Currency and Credit Council, Currency and Credit Law, Europe, Rosthom Fadli, Salah Eddine Taleb

Suez places €2.6bn in green bonds

05/17/2022 | Environment

FRANCE. The water and waste specialist Suez has successfully placed its first green bonds for an amount of €2.6 billion.

bonds, environment, Europe, France, green bond, Sabrina Soussan, Suez, waste, water

French green hydrogen producer Lhyfe launches IPO

05/10/2022 | Society / Institutions

FRANCE. Lhyfe announces the launch of its initial public offering on Euronext in Paris through a capital increase with the ambition to raise up to €145.5m.

Southern regions of the EU have the highest unemployment rates

05/03/2022 | Society / Institutions

EU. The Top 10 regions in the European Union most affected by unemployment include only Italian, Spanish and Greek regions.

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.

Brussels allows Spain and Portugal to cap fuel prices for power plants

04/28/2022 | Environment

SPAIN/PORTUGAL. The European Commission authorises both countries to limit the price of gas used to produce electricity.

Brussels, electricity tariff, Europe, gas price cap, José Duarté, Portugal, Spain, Teresa Ribera, The European Commission

Voltalia to build its first floating solar power plant project in Portugal

04/07/2022 | Environment

PORTUGAL / FRANCE. The French renewable energy company Voltalia has won a tender in Portugal to build a floating solar power plant near the Cabril dam.

Africa, Algarve, Cabril, Europe, floating solar power plant, France, Global Solar Hub, Helexia, Lisbon, Morgado do Agre, Mulliez Family Association, Porto, Portugal, Portuguese Ministry of Energy and Environment, renewable energy, Sertã, Sébastien Clerc

The end of Russian gas in Europe reshuffles the cards in the Mediterranean

04/05/2022 | Industry

MEDITERRANEAN. In addition to the general price increase that will impact everyone, the halt in Russian gas exports to Europe will penalise Italy, Greece, Serbia and Slovenia. It could also be a great opportunity for Algeria and Egypt.

Algeria Egypt, Europe, floating LNG terminal, France, gas, Greece, Italy, liquefied natural gas, LNG, Mediterranean, pipeline, Russian gas, Russian gas exports, Serbia, Slovenia, Southern Europe

Afric'Agora, a place to welcome African companies, will be set up in Marseille in the summer of 2022

03/31/2022 | Services

MEDITERRANEAN / AFRICA. Supported by the Chamber of Commerce and Industry of Aix-Marseille-Provence and the Africalink network of entrepreneurs, the Afric'Agora project is going to be created in Marseille to welcome African companies and encourage their relations with their French counterparts. Frédéric Ronal, its promoter within the CCIAMP, tells us about it.

Four Mediterranean sovereign wealth funds join forces to make co-investments

03/29/2022 | Society / Institutions

MEDITERRANEAN. Malta Government Investments, The Sovereign Fund of Egypt, Bpifrance and Compañía Española de Financiación del Desarrollo create a foundation of sovereign wealth funds of Europe, the Middle East and North Africa.