European Union | Tags | Econostrum | Economic News in the Mediterranean

Tensions between Turkey and Greece lead to a breakdown in dialogue

05/25/2022 | Society / Institutions

TURKEY / GREECE. Turkish President Recep Tayyip Erdogan has decided not to speak to Greek Prime Minister Kyriakos Mitsotakis after he asked the Americans not to deliver F-16s to Turkey.

Aegean Sea, Alexandroupolis, Ankara, Athens, Chios, European Union, F-16, Greece, Kyriakos Mitsotakis, migrants, NATO, North Atlantic Organisation, Recep Tayyip Erdogan, Samos, Tanju Bilgich, Turkey, Ukraine, United States

EU to help farmers affected by the consequences of the war in Ukraine

05/25/2022 | Society / Institutions

EU. Faced with rising input costs, the European Commission will allow Member States to devote 5% of the EAFRD to farmers and SMEs in the sector.

agri-food, agriculture, CAP, Common Agricultural Policy, EAFRD, European Agricultural Fund for Rural Development, European Commission, European Union, Italy, Janusz Wojciechowski, Member States, Russia, Ukraine

EU launches observatory for sustainable ocean projects

05/25/2022 | Environment

To address the current lack of sufficient available data on industries and sectors related to our oceans, seas and coasts, the European Commission is creating a Blue Economy Observatory.

blue economy, Blue Economy Observatory, DG JRC, DG MARE, EU, European Commission, European Union, Green Deal, maritime, Mariya Gabriel, Virginijus Sinkevičius

Mediterranean employment ministers want to promote an economy for the benefit of all

05/19/2022 | Society / Institutions

MEDITERRANEAN. In Marrakech, the employment and labour ministers of the Union for the Mediterranean committed themselves to meeting the challenges of employment and employability for the most vulnerable people, in particular young people and women.

Teriak obtains a loan of 5 million Tunisian dinars from the EBRD and Attijari bank Tunisia

05/19/2022 | Industry

TUNISIA. The Tunisian pharmaceutical manufacturer Teriak will benefit from a loan of 5 million Tunisian dinars to improve its productivity and increase its energy efficiency.

European recovery instrument NextGenerationEU gets an additional €9bn

05/17/2022 | Society / Institutions

EU. The European Commission has been very successful in raising an additional €9bn under its NextGenerationEU stimulus instrument, bringing the total amount issued in 2022 alone to €40bn.

Africa, EU, European Commission, European Council, European Parliament, European Union, France, Germany, Italy, Johannes Hahn, Member States, Middle East, NextGenerationEU, obligation, United Kingdom

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.

1 million to help young people in the outermost regions of France, Spain and Portugal

05/05/2022 | Society / Institutions

FRANCE / SPAIN / PORTUGAL. Young people in the nine outermost European regions will be able to propose development projects and have them financed thanks to the launch of a call for proposals by the European Commission.

Azores, Canary Islands, Elisa Ferreira, EU, European Commission, European Union, France, French Guiana, Guadeloupe, Madeira, Martinique, Mayotte, outermost regions, Portugal, Reunion, Saint-Martin, Southern Europe, Spain, Valdis Dombrovskis

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.

Greece pays all its debt to the IMF in advance

05/03/2022 | Society / Institutions

GREECE. Two years ahead of schedule, Greece is repaying the final €1.85bn of its debt to the International Monetary Fund.

Eurometaux fears a shortage in the EU of metals used in the energy transition

04/26/2022 | Industry

EU. In a report entitled "Metals for clean energy: ways to solve Europe's raw materials challenge", the European Association of Metal Producers calls for and proposes solutions to avoid a shortage.

Belgium, Catholic University of Leuven, energy transition, environment, EU, Eurométaux, European Union, Green Pact for Europe, KU Leuven, Leuven, Liesbet Grégoir, Metals for Clean Energy: Pathways to solving the raw materials challenge in Europe

France authorised to release €7bn to support sustainable recovery investments

04/21/2022 | Industry

FRANCE. The European Commission authorises a €7 billion French scheme to support a sustainable recovery through investment.

competition, EU, European Commission, European Union, France, France 2030, industry, investment aid, investments, Marghreth Vestager, Paris, temporary state aid framework

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

Marseille wants to (re)create a financial centre

04/07/2022 | Society / Institutions

FRANCE. Four years after its closure and after the failure of the Marseille-Provence Chamber of Commerce and Industry to set up a new project, the Provence-Alpes-Côte d'Azur region is working on the re-launch in 2022 of a regional financial centre which would be based in Marseille.

ACIM, Agency for Entrepreneurship in the Mediterranean, Aix-Marseille-Provence, Aix-Marseille-Provence Metropolis, Alain Lacroix, Ambition Capital, Bernard Kleynhoff, Casablanca Finance City, CCIMP, Cefim, EnterNext, Euronext, European Union, FCM, Feder, Finances et conseil méditerranée, France, Frédéric Ronal, Henry Roux-Alezais, IMTM, Marseille, Marseille Financial Centre, Marseille-Provence Chamber of Commerce and Industry, Mediterranean, Mediterranean Economic and Financial Community, Mediterranean Institute of Maritime Transport, OCEMO, Office for Economic Cooperation for the Mediterranean and the East, Palais de la Bourse, Pierre Joubert, Provence-Alpes-Côte d'Azur Region, RSI, Région Sud Investissement

The Eastern Mediterranean becomes a new gas province

04/05/2022 | Society / Institutions

MEDITERRANEAN. The problem of gas resources in the Mediterranean, but also of their sharing, was invited to the 11th Cybèle meeting in Marseilles whereas the decision of the European Union not to be supplied with Russian gas imposes to find other solutions.

Albania, Algeria, Ankara, Azerbaijan, Croatia, Cyprus, EastMed, EEZ, Egypt, Eni, EU, Euromed-IHEDN, European Union, France, Francis Perrin, gas, gas industry, gas pipelines, Gaza, Greece, GZ4, hydrocarbons, Institut des relations internationales et stratégiques, Iris, Israel, Italy, Lebanon, Libya, Marseille, Medgaz, Mediterranean, Middle East, Morocco, Nicosia, Oruç Reis, Paris, PCNS, Policy center for the new south, Rabat, Rencontre internationale de Cybèle, RTCN, Russia, Russian gas, Serbia, Slovenia, Sonatrach, Spain, Syria, TAP, TotalEnergy, Toufik Hakkar, Trans-Adriatic Pipeline, Transmed, Turkey, Turkish Republic of Northern Cyprus, Ukraine, UN, UNCLOS, United Nations Convention on the Law of the Sea, Yves Lacoste, Élie Jarmache

Charles Michel re-elected President of the European Council

03/29/2022 | Society / Institutions

THE EU. Charles Michel has been reappointed by the Heads of State and Government as President of the European Council for a second term of two and a half years.

The Maltese give their confidence back to the Labour Party

03/28/2022 | Society / Institutions

MALTA. The camp of the head of government Robert Abela has won the legislative elections in Malta with 55.1% of the votes. The Partit laburista (Labour Party) thus retains the power it has held for nine years.

Bernard Grech, Daphne Caruana Galizia, David Sassoli, European Parliament, European Union, FATF, Financial Action Task Force, Joseph Muscat, Labour Party, Malta, Malta Legislative, Mediterranean, Nationalist Party, Nazzionalista Party, Paris, Robert Abela, Roberta Metsola

The European Commission recommends joint gas purchases at EU level

03/24/2022 | Services

EU. The European Commission has presented a series of ideas for collective action to ensure security of supply and reasonable prices for gas in the European Union in the face of threats from the war in Ukraine.

COvid-19, dollars, EU, European Commission, European Union, euros, gas, hydrocarbons, hydrogen, LNG, Ukraine, USA, Vladimir Putin

European Commission validates €120m state aid for Spanish carriers

03/22/2022 | Transport

SPAIN. The European Commission authorises a Spanish State aid scheme worth €120 million to encourage the transfer of freight transport from road to sustainable rail.

EU, European Commission, European Union, FFR, freight, Margrethe Vestager, rail, Recovery and Resilience Facility, road, Spain, transport