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Israel supports a two-state solution to its conflict with Palestine

Israel supports a two-state solution to its conflict with Palestine
09/23/2022 | Society / Institutions
ISRAEL / PALESTINE. Speaking at the United Nations in New York during the 77th session of the United Nations General Assembly, the Israeli Prime Minister spoke out in favor of "an agreement with the Palestinians, based on two states for two peoples.
Amman, Aziz Akhannouch, Benyamin Netanyahu, Cairo, Donald Trump, Egypt, Emmanuel Macron, France, Gaza, Germany, Golan Heights, Hamas, Iraq, Islamic Jihad, Israel, Israeli-Palestinian conflict, Jerusalem, Jordan, Josep Borrell, Lebanon, Likud, Middle East, Mike Pompeo, Morocco, Munich, New York, Palestine, Paris, Sinai, Six-Day War, Syria, Tor Wennesland, two-state solution, UN, United Nations, United States, West Bank, Yair Lapid

The manufacturer of solar panels DualSun raises 10 M€ to expand internationally

The manufacturer of solar panels DualSun raises 10 M€ to expand internationally
09/01/2022 | Society / Institutions
FRANCE. DualSun, a Marseille-based solar panel manufacturer, has announced a new €10 million round of financing from its historical investors, including Noria, and TiLT Capital Partners, to expand internationally.
Ain, Australia, Belgium, CAAP Création, Canada, DualSun, environment, Finland, Flash, France, Germany, hybrid solar panels, Israel, Jujurieux, Jérôme Mouterde, Lille, Marseille, Netherlands, Nicolas Lepareur, Noria, Norway, Oparic, photovoltaic, Portugal, Provence Business Angels, Siparex, solar panels, Spring, Sweden, Switzerland, TiLT Capital Fund 1, TiLT Capital Partners, USA, Versailles

Turkey revives one of its essential resources: tourism

Turkey revives one of its essential resources: tourism
08/22/2022 | Services
TURKEY. With the windfall of Russian visitors and the return of Israelis, the Turkish Ministry of Tourism expects to reach 47 million tourists in 2022 for revenues of $37 billion.
Ankara, Antalya, Bulent Bulbuloglu, Erdogan, Germany, Israel, Kiev, Mir, Moscow, Russia, tourism, tourism Turkey, Turkey, Turkish lira, Türofed

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

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.
Antonio Costa, Barbaira, Basque Country, Berlin, Canary Islands, Catalonia, Enagás, EU, European Union, France, gas, gas pipeline, gas terminal, Germany, Hostalric, hydrogen, La Palma, Lisbon, MidCat, Olaf Scholz, Pedro Sánchez, Portugal, Pyrenees, Russian gas, Sines, Spain, Teresa Ribera

EU member states agree on plan to reduce gas consumption

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.
Baltic States, Belgium, Brussels, Budapest, Council of the European Union, Cyprus, Czech Republic, energy, EU, European Commission, European Union, France, gas, Gazprom, Germany, Hungary, Ireland, Italy, Josef Sikela, Kadri Simon, Malta, Portugal, Putin, Russia, Spain, Ukraine, Ursula von der Leyen

The EU's inhabitants are becoming fewer and fewer

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

NATO orders 20 Eurofighters for the Spanish Air Force

NATO orders 20 Eurofighters for the Spanish Air Force
06/28/2022 | Society / Institutions
SPAIN. The NETMA Agency has announced the final signature of a record €2.04bn contract for an additional 20 Eurofighter Typhoon fighters for the Spanish Air Force.
Airbus, Airbus Defence and Space, aircraft, Albacete, Canary Islands, Carlo Mancusi, Eurofighter, Eurofighter GmbH, European defence, F-18 Hornet, fighter aircraft, France, Gando, Gerhard Baehr, Germany, Getafe, Halcón, Italy, Madrid, Michael Schoellhorn, NATO, Nato Eurofighter and Tornado Management Agency, NETMA, Spain, Spanish Air Force, Typhoon, UK

Egypt launches high-speed rail with Siemens Mobility

Egypt launches high-speed rail with Siemens Mobility
05/31/2022 | Transport
EGYPT. Thanks to the signing of an €8.1bn contract with Siemens Mobility, Egypt will have a 2,000km high-speed rail system serving sixty cities across the country.
Abdel Fattah al-SIssi, Africa, Ain Sokhna, Alexandria, Alstom, Cairo, Desiro, Egypt, Egyptian National Authority for Tunnels, Germany, Hurghada, Luxor, Marsa Matrouh, Mediterranean, Middle East, NAT, Orascom Construction, rail, Red Sea, Roland Busch, Safaga, Siemens, Siemens Mobility, Suez Canal on rails, The Arab Contractors, train, transport, Vectron, Velaro

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

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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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