Mediterranean | Tags | Econostrum | Economic News in the Mediterranean

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.

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

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.

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.

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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.

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.

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

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.

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.

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

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.

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.

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.

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.

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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.

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

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

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.

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.

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.