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

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.
Albania, Algeria, Bosnia and Herzegovina, EBRD, Egypt, EIB, employment, EU, European Bank for Reconstruction and Development, European Investment Bank, European Union, France, Germany, Israel, Italy, Jordan, Labour, Lebanon, Libya, Marrakech, Mauritania, Mediterranean, Monaco, Montenegro, Morocco, Nasser Kamel, Nayef Stetieh, Nicolas Schmit, Palestine, Regional Initiative Team Europe, Spain, Syria, trade and investment, Tunisia, Turkey, UfM, UfM hub for employment promotion, Union for the Mediterranean

European recovery instrument NextGenerationEU gets an additional €9bn

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

Five Mediterranean countries in the top 20 of world military spending

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.
arms, China, Covid-19, Diego Lopes da Silva, Europe, France, Germany, India, Israel, Italy, Mediterranean, Middle East, North Africa, Russia, SIPRI, Spain, Stockholm International peace research institute, Turkey, United Kingdom, United States

The IMF revises downwards the prospects of the euro zone

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

Stellantis transforms its Italian factory into a battery production site

Stellantis transforms its Italian factory into a battery production site
03/24/2022 | Industry
ITALY / FRANCE / GERMANY. Stellantis reaffirms its commitment to transform its Termoli plant in southern Italy into a production site for batteries for electric vehicles for Automative Cells Company and is joined in this project by Mercedes.
ACC, Adriatic coast, Angouleme, Autobianchi, Automative Cell Company, batteries, Bordeaux, Bruges, Carlos Tavares, Dare Forward 2030, Douvrin, electric vehicles, FCA, Fiat Chrysler Automobiles, Fiat Panda, Fiat Uno, France, Germany, gigafactory, Italy, Kaiserslautern, lithium-ion battery, Mercedez-Benz, Nersac, Opel, Peugeot SA, PSA, Saft, Stellantis, Termoli, Total, TotalEnergies, USA, Y10

Intel to invest €80bn in six EU countries including three in the Mediterranean

Intel to invest €80bn in six EU countries including three in the Mediterranean
03/17/2022 | Industry
EU. In order to put a "made in Europe" label on its chips, the American semiconductor giant Intel has unveiled an initial investment plan of €30 billion in six European Union countries, including France, Italy and Spain.
Agrate Brianza, AI, artificial intelligence, Barcelona, Barcelona Supercomputing Center, chips, European Union, France, Gdansk, Germany, HPC, Intel, investment, Italy, Leixlip, Lombardy, made in Europe, Magdeburg, Paris, Pat Gelsinger, Plateau de Saclay, Poland, R&D, semiconductors, Spain, STMicroelectronics, Tower Semiconductor

Entrepreneurship in the Euro-Mediterranean region continues to have a male face

Entrepreneurship in the Euro-Mediterranean region continues to have a male face
03/08/2022 | Society / Institutions
MEDITERRANEAN. The first report of the Intergovernmental Monitoring Mechanism for Gender Equality in the Euro-Mediterranean Region published by the Union for the Mediterranean (UfM) provides a forty-six page overview of the position of women in society.
Algeria, Austria, Belgium, Bosnia and Herzegovina, Croatia, Egypt, EIGE, Europe, European Institute for Gender Equality, France, gender, gender equality, Germany, Greece, Intergovernmental Monitoring Mechanism for Gender Equality in the Euro-Mediterranean Region, Ireland, Italy, Luxembourg, Malta, Mediterranean, Mena, Middle East, Montenegro, Morocco, Naja Bouden, Nasser Kamel, North Africa, Portugal, Spain, Sweden, Tunisia, Turkey, UfM, Union for the Mediterranean, women's participation rate, World Bank

Algeria ready to increase its gas deliveries to Europe

Algeria ready to increase its gas deliveries to Europe
03/01/2022 | Industry
ALGERIA / EU. Sonatrach's CEO has pledged to deliver more gas to the European Union to replace, in part, Russian gas exports threatened by the conflict in Ukraine.
Abdelmadjid Attar, Algeria, Algiers, Baltic Sea, Berkine Sud, Brussels, Claudio Descalzi, energy, Engie, Eni, EU, European Union, gas, Gas Infrastructure Europe, Germany, green hydrogen, GZ4, Hassi Bi Rekaiz, hydrocarbons, industry, Isarene, Liberty, liquefied natural gas, LNG, Luigi Di Maio, Maghreb Europe Pipeline, Medgaz, Mediterranean Sea, Morocco, NATO, Nord-Stream 1, Nord-Stream 2, North Atlantic Treaty Organisation, Olaf Scholz, OMV, Portugal, Russia, Shell, Slovenia, Sonatrach, Spain, State, TFT, TotalEnergies, Toufik Hakkar, Touggourt, TurkStream, Ukraine, Uniper, Wintershall Dea

European companies should pay €410 billion to their shareholders in 2022

European companies should pay €410 billion to their shareholders in 2022
01/25/2022 | Services
EUROPE. According to Allianz Global Investors, the companies in the MSCI Europe index are expected to pay out around €410bn to their shareholders in 2022, an increase of 8.4% compared to 2021.
Allianz, Allianz Global Investors, AllianzGI, AllianzGI Dividend Study 2022, Asia, dividends, Europe, France, Germany, Hans-Jörg Naumer, Italy, Jörg de Vries-Hippen, MSCI, MSCI Europe, stock market, UK, USA

Italy's Eni takes over photovoltaic specialist Solar-Konzept Greece

Italy's Eni takes over photovoltaic specialist Solar-Konzept Greece
01/13/2022 | Society / Institutions
GREECE / ITALY. The Italian number one in hydrocarbons ENI announces the acquisition of the Greek company Solar-Konzept Greece (SKGR), specialized in photovoltaic installations.
Aquila Capital, ENI, Eni gaz e luce, Germany, Greece, Italy, Netherlands, photovoltaic, Plenitude, renewable energy, SKGR, Solar-Konzept Greece

Southern European passports among the most "powerful" in the world

Southern European passports among the most "powerful" in the world
01/13/2022 | Society / Institutions
MEDITERRANEAN. As it has done every year for the past 17 years, the British consultancy Henley & Partners has drawn up a hierarchy of the most powerful passports in the world, those that allow their holders to access the greatest number of destinations without having to apply for a visa...
Afghanistan, Algeria, Austria, Cyprus, Denmark, Egypt, Finland, France, Germany, Greece, Henley & Partners, Ireland, Israel, Italy, Japan, Jordan, Kosovo, Lebanon, Libya, Luxembourg, Malta, Mediterranean, Monaco, Morocco, Netherlands, Palestinian Territories, Portugal, Singapore, Slovenia, South Korea, Spain, Switzerland, Syria, tourism, travel, Tunisia, Turkey

Tunisia has a deficit of 16.2 billion dinars in its trade balance in 2021

Tunisia has a deficit of 16.2 billion dinars in its trade balance in 2021
01/13/2022 | Society / Institutions
TUNISIA. The more important increase of the imports compared to that of the exports digs the Tunisian trade balance which posts a deficit of 16,21 billion dinars, that is to say 4,97 billion €.
Algeria, China, France, Germany, INS, Italy, Libya, Morocco, National Institute of Statistics, Russia, Spain, trade deficit Tunisia, trade Tunisia, Tunisia, Turkey

EU estimates €500bn investment needed in nuclear power by 2050

EU estimates €500bn investment needed in nuclear power by 2050
01/11/2022 | Industry
EU. In an interview with the Journal du Dimanche, Thierry Breton, European Commissioner for the Internal Market, estimates that more than €500 billion will have to be spent on nuclear power by 2050.
Council of the European Union, EU, Europe, European Union, France, gas power plants, Germany, green labeling, investment in nuclear power, JDD, Journal du Dimanche, nuclear, nuclear power plants, taxonomy, Thierry Breton

The European Commission grants €319 million to Croatia to finance its reconstruction after several earthquakes

The European Commission grants €319 million to Croatia to finance its reconstruction after several earthquakes
01/04/2022 | Environment
CROATIA. The European Commission has approved €319 million in aid to Croatia to help rebuild the country after several earthquakes.
Croatia, earthquake, Elisa Ferreira, environment, EU Solidarity Fund, European Commission, EUSF, France, Germany, Italy, Karlovac, Sisak-Moslavina, Zagreb

Italy restricts entry to its territory for the holiday season

Italy restricts entry to its territory for the holiday season
12/16/2021 | Society / Institutions
ITALY. The Italian Ministry of Foreign Affairs and the Republic of San Marino have decided to tighten entry requirements for the holiday season.
Bergamo, Bologna, Campania, Certificazione verde, Covid-19, France, Germany, Greece, Italy, Johns Hopkins University, Malta, Milan, Netherlands, Padua, Portugal, Puglia, Rome, San Marino, Sicily, Spain, tourism, Turin, United Kingdom, United States, vaccination

Italian competition authority fines Amazon and Apple €200m

Italian competition authority fines Amazon and Apple €200m
11/23/2021 | Society / Institutions
ITALY. The Italian Competition and Market Authority fines Amazon and Apple €200m for restricting the sale of Apple and Beats products on the amazon.it platform.
AGCM, Amazon, amazon.it, Apple, Beats, competition, France, Germany, Italian Competition and Market Authority, Italy

Italy and Spain overtake France on the world wine podium

Italy and Spain overtake France on the world wine podium
11/09/2021 | Environment
WORLD. World wine production in 2021 is expected to be 4% lower than in 2020 with 250 million hectolitres. The top three producers, Italy, Spain and France, are particularly affected.
Argentina, Brazil, Chile, Dijon, downy mildew, France, Germany, Hotel Bouchu d'Esterno, Hungary, International Organisation of Vine and Wine, Italy, Mediterranean, New Zealand, OIV, Paris, Pau Roca, Portugal, Romania, South Africa, Spain, United States, wine, wine production, world

Europe and the Maghreb lag behind in renewable energy jobs

Europe and the Maghreb lag behind in renewable energy jobs
10/26/2021 | Society / Institutions
EUROPE / MAGHREB. The latest study by the International Renewable Energy Agency, carried out in collaboration with the International Labour Organisation, reveals that twelve million employees work in renewable energy.
APPA, Baltic Sea, biofuels, China, Denmark, energy, environment, EU, European Union, Germany, ILO, International Labour Organisation, International Renewable Energy Agency, IRENA, Jordan, Kalyon Solar Technologies, Madrid, Mediterranean, North Africa, North Sea, photovoltaic, renewable energy, renewable energy jobs, solar, Spain, Spanish Renewable Energy Association, transition, Turkey, United States, wind power

Libya welcomes the international community to Tripoli

Libya welcomes the international community to Tripoli
10/21/2021 | Society / Institutions
LIBYA. The new Libyan authorities are organising a conference in support of Libya's stability to obtain the support of the international community two months before the legislative and presidential elections.
Abdel Hamid Dbeibah, Conference in Support of the Stability of Libya, Egypt, Fayez al-Sarraj, France, Germany, GNA, HEC, Heika Maas, Italy, Jean-Yves Le Drian, Ján Kubiš, Khalifa Haftar, Lana, Libya, Libyan assets abroad, Libyan High State Council, Libyan politics, Luigi Di Maio, Manul, Mohamed Hammouda, Najla al-Mangoush, politics, Tobruk, UN, United Nations Support Mission in Libya

The Tourism Recovery Programme will support the Tunisian tourism sector

The Tourism Recovery Programme will support the Tunisian tourism sector
10/07/2021 | Services
TUNISIA. The Tpe and Pme of the Tunisian tourist industry will be able to benefit from the Tourism Recovery Programme proposed by enpact and TUI Care Foundation to relaunch themselves after the pandemic.
BMZ, covid-19, Deusche Gesellschaft fûr internationale zusammenarbeit, Egypt, enpact, Germany, GIZ, pandemic, Tounes Wijhetouna, tourism, Tourism Recovery Programme, TUI, TUI Care Foundation, Tunisia, Tunisian Ministry of Tourism

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About Econostrum.info Econostrum.info is an independent media that deals with the daily economic news of the countries bordering the Mediterranean. Economic cooperation, business news by sector (Industry, Services, Transport, Environment, Society/Institutions), thematic files, airport news, airlines and shipping companies (new destinations)... are treated and analysed by a team of journalists present in the Mediterranean basin.
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