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

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.
Cohesion Fund, digital, education, employment, energy, ERDF, ESF+, EU, European cohesion policy, European Commission, European Regional Development Fund, European Social Fund plus, European Union, fisheries, FTJ, Grand Harbour, health, Italy, Just Transition Fund, Malta, Malta Freeport, maritime, Marsaxlokk, Mediterranean, Nicolas Schmit, Valletta, Virginijus Sinkevičius

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

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

Emmanuel Macron on "friendship visit" to Algiers and Oran to renew France's ties with Algeria

Emmanuel Macron on "friendship visit" to Algiers and Oran to renew France's ties with Algeria
08/24/2022 | Society / Institutions
ALGERIA / FRANCE. The president of the French Republic visits Algeria for three days to renew ties with the country and meet with the Algerian population, especially the youth.
Abdelmadjid Tebboune, AFD, Algeria, Algiers, Benjamin Stora, Berkine, Bpi, Bruno Le Maire, Catherine Colonna, Catherine McGregor, CNRS, Covid-19, Emmanuel Macron, Engie, Eni, Evian Agreements, France, French Development Agency, gas, Gérald Darmanin, Hassi Messaoud, Haïm Korsia, Iliad, insee, Italy, Jean Castex, Mediterranean, Occidental Petroleum, Ofats, OQTF, Oran, Paris, Patricia Miralles, Public Investment Bank, Rima Abdul Malak, Sonatrach, State, Stora report, TotalEnergies, USA, Western Sahara, Xavier Niel

European Commission releases €33.43m to bring the two Cypriot communities closer together

European Commission releases €33.43m to bring the two Cypriot communities closer together
07/25/2022 | Society / Institutions
CYPRUS. The European Commission adopts an annual action programme for the Turkish Cypriot community with an annual amount of €33.43m.
AOP, Cyprus, Elisa Ferreira, European Commission, European Union, Halloumi, Hellim, Mediterranean, Republic of Cyprus, Republic of Northern Cyprus, TRNC, Turkey, Χαλλούμι

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

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.
aquaculture, circular economy, Cyprus, Elisa Ferreira, employment, ERDF, ESF+, EU, EU-Cyprus Partnership Agreement, European Union, fisheries, FTJ, Green Deal, Green Pact for Europe, Green Technical School, Just Transition Fund, labour, Mediterranean, Nicolas Schmit, Nicosia, Sme, training, Virginijus Sinkevičius, youth training

Engie and Sonatrach extend their gas supply agreement

Engie and Sonatrach extend their gas supply agreement
07/07/2022 | Society / Institutions
ALGERIA / FRANCE. Sonatrach and the French energy group Engie are extending their natural gas purchase and sale agreement and want to extend it to LNG.
Abdelmadjid Tebboune, Algeria, Algiers, BlackRock, Engie, ENI, European Union, France, gas, GZ4, hydrocarbons, industry, LNG, Medgaz, Medina Partnership, Mediterranean, Morocco, natural gas, Naturgy, Portugal, Russia, Sonatrach, Spain, Toufik Hakkar, Ukraine, Western Sahara

Yves Aubin de La Messuzière wants to "contribute to the understanding of the Arab world"

Yves Aubin de La Messuzière wants to "contribute to the understanding of the Arab world"
07/07/2022 | Society / Institutions
FRANCE. Born in 1942 in Rabat, Morocco, Yves Aubin de La Messuzière is a former French diplomat, expert on Arab countries. He graduated in Islamology at the Sorbonne, as well as in literal and oriental Arabic, and spent his career in the Ministry of Foreign Affairs, notably as ambassador in Tunisia and Italy. He has also worked in Egypt, Lebanon, Syria... A member of the Iremmo scientific council, he has just created a branch in Marseille: Iremmo Suds.
Arab world, Iremmo, Iremmo Scientific Council, Iremmo Suds, Maghreb, Marseille, Mashrek, Mediterranean, Mediterranean Worlds, Morocco, new geopolitical challenges, Southern Region, the Middle East and the Ukraine war, Yves Aubin de La Messuzière

The Mediterranean in drought

The Mediterranean in drought
07/05/2022 | Environment
MEDITERRANEAN. Drought is hitting the western Mediterranean this year, with greatly increased fire risks everywhere, and in the worst affected countries a drop in harvests and a threat to drinking water supplies.
agricultural production, Algeria, drinking water, drought, Egypt, Emilia-Romagna, fires, France, Friuli-Venezia Giulia, Italy, Libya, Lombardy, Mediterranean, Morocco, PACA, Piedmont, Po Plain, Portugal, Provence-Alpes-Côte d'Azur, Spain, Tunisia, Veneto

Cruises try to go green

Cruises try to go green
06/30/2022 | Society / Institutions
MEDITERRANEAN. Criticised for its environmental nuisance, the cruise sector is adopting technical solutions to limit its impact. Increasingly strict regulations are an effective spur. In the Mediterranean, the extension of the Seca and Pelagos zones will bring the most polluting ships out of our sea.
Aegean Odyssey, Armateurs de France, atmospheric discharges, Charles Gravatte, Club de la Croisière Marseille Provence, cruise ship, cruise ship operators, cruises, destruction of the seabed, Dubrovnik, electrical connection at quay, Euromaritime, Jean-François Suhas, Laurène Niamba, Marseille, mass tourism, Mediterranean, Palma de Majorca, Particularly Vulnerable Sea Area, Pelagos, pollution, Ponant, Posidonia meadows, Préfet Maritime de la Méditerranée, regulations, Seca, Thierry Duchesne, Venice

Half of irregular migrants arrive in the EU via the Western Balkans route

Half of irregular migrants arrive in the EU via the Western Balkans route
06/14/2022 | Society / Institutions
MEDITERRANEAN. Between January and May 2022, Frontex recorded 86,420 irregular entries at the EU's external borders, an increase of 82% compared to the same period in 2021.
Balkan route, EU, EU external borders, European Border and Coast Guard Agency, European Union, Frontex, illegal entries, Mediterranean, Schengen, Western Balkans

Egypt is the second largest recipient of foreign direct investment in Africa

Egypt is the second largest recipient of foreign direct investment in Africa
06/14/2022 | Society / Institutions
AFRICA. In African countries, Foreign Direct Investment has reached $83 billion in 2021. A record figure driven in particular by Egypt.
Africa, Antonio Guterres, economy, Egypt, FDI, Foreign Direct Investment, France, International Tax Reforms and Sustainable Investment, James Zahn, Mediterranean, Morocco, Mozambique, Naspers, North Africa, Properties report, Prosus, South Africa, Ukraine, Unctad, United Arab Emirates, United Kingdom, United Nations Conference on Trade and Development, Xlinks

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

BpiFrance anchors in Casablanca to better establish its brand

BpiFrance anchors in Casablanca to better establish its brand
05/31/2022 | Society / Institutions
MOROCCO / FRANCE. BpiFrance wants to inspire and connect French and African companies during a forum "Inspire & Connect" in Casablanca in July 2022.
Abidjan, Afric'Agora, Africa, Africalink, Aix-Marseille-Provence Chamber of Commerce and Industry, Arnaud Floris, BpiFrance, Casablanca, Dakar, France, Hicham El Merini, Inspire & Connect, Ivory Coast, Kenya, Mael M'Baye, Marseille, Mediterranean, Morocco, Mourad Chouiqa, Nairobi, North Africa, Panayotis Liolios, Senegal, Tiny Doucende-Ramirez, Yves Delafon

Death of Benedict de Saint-Laurent, former delegate of Anima Investment Network

Death of Benedict de Saint-Laurent, former delegate of Anima Investment Network
05/19/2022 | Society / Institutions
MEDITERRANEAN. econostrum.info learns of the sudden death of Benedict de Saint-Laurent on Tuesday 17 May 2022 at the age of seventy-three.
Aix-en-Provence, Anima, Anima Investment Network, Benedict de Saint-Laurent, Corsica, EDILE, Emmanuel Noutary, Marseille, Mediterranean, notebook, Saint-Antonin sur Bayon, Sainte-Victoire, Zoé Luçon

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

More than €6 billion in pledges for Syria

More than €6 billion in pledges for Syria
05/12/2022 | Society / Institutions
SYRIA. Organised by the European Union in Brussels, the donors' conference for Syria raised $6.7bn (€6.36bn) in pledges.
brussels, donors, donors conference, Janez Lenarčič, Josep Borrel, Lebanon, Mediterranean, Member States, Olivér Várhelyi, Syria, Ukraine, United Nations

The EBRD forecasts a slowdown in economic growth in the South and East of the Mediterranean

The EBRD forecasts a slowdown in economic growth in the South and East of the Mediterranean
05/10/2022 | Society / Institutions
MEDITERRANEAN. In its latest regional outlook report, the European Bank for Reconstruction and Development foresees a strong impact of the war in Ukraine in the SEMED region with a slowdown of 2.5% in 2022.
EBRD, economic situation, Egypt, European Bank for Reconstruction and Development, IMF, International Monetary Fund, Jordan, Lebanon, Mediterranean, Morocco, REP, Semed, Southern and Eastern Mediterranean Region, Tunisia, Ukraine

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

Algeria to supply more gas to Italy

Algeria to supply more gas to Italy
04/12/2022 | Industry
ALGERIA / ITALY. The Italian group ENI and the Algerian state company Sonatrach sign a new gas agreement to strengthen energy cooperation between Algeria and Italy.
Abdelmadjid Tebboune, Al Arabiya, Algeria, Azerbaijan, Ben Atou Ziane, energy, Eni, Enrico Mattei, gas pipeline, Giovanni Pugliese, hydrocarbons, industry, Italy, Libya, Luigi Di Maio, Mario Draghi, Mediterranean, Roberto Cingolani, Sicily, Sonatrach, Toufik Hakkar, Transmed, Tunisia

Emerging Mediterranean seeks Mediterranean start-ups to participate in its 2022 programme

Emerging Mediterranean seeks Mediterranean start-ups to participate in its 2022 programme
04/12/2022 | Society / Institutions
MEDITERRANEAN. Emerging Mediterranean is launching a new call for applications for the third cycle of this acceleration programme aimed at entrepreneurs with high social and environmental impacts from the southern shore of the Mediterranean.
AFD, agritech, Al Diagnosis, Algeria, Bootcamp, competition, Dawrrat, edutech, Emerging Mediterranean, Emerging Valley, environment, esanté, France, French Development Agency, Julie Lanckriet-Goerig, Libya, Marseille, Mauritania, Mediterranean, Mehan Houra, Morocco, Neolli, Neotic, Salir Abdelkrim, social and solidarity economy, Summit of the two shores, The Dot, Tunis, Tunisia, women entrepreneurship

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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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