Russia | Tags | Econostrum | Economic News in the Mediterranean

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

Italy will be able to support the agriculture and fisheries sectors with €1.2 billion

05/19/2022 | Society / Institutions

ITALY. The European Commission authorises the Italian State to implement a €1.2 billion framework scheme to support the agriculture, forestry, fisheries and aquaculture sectors.

agriculture, animal feed, aquaculture, competition, European Commission, fisheries, forestry, France, Italy, Margrethe Vestager, Russia, state aid, Ukraine

Egypt plans to sell $24bn worth of public assets

05/17/2022 | Society / Institutions

EGYPT. The Egyptian government presents a plan including urgent measures to support the Egyptian private sector, improve the business climate and attract foreign direct investment.

Egypt, Egyptian economy, Egyptian private sector, Mustafa Madbouly, privatisations, Russia, subsidies, Ukraine, wheat

French farms, fish farms and Air France employees to receive €420m in aid

05/12/2022 | Society / Institutions

FRANCE. The European Commission approves €400m of state aid to support French farms and fish farms and proposes to provide €17.7m of support for Air France employees made redundant by the pandemic.

Air France, Covid-19, European Commission, European Council, European Globalisation Adjustment Fund, European Parliament, fish farms, Ile-de-France, Paris, Russia, state aid, subsidies, temporary crisis framework, Ukraine

European Commission and industry join forces to produce more clean hydrogen

05/10/2022 | Environment

EU. The European Commission and twenty CEOs of electrolyser companies sign an agreement to increase electrolyser production capacity in the European Union by a factor of ten.

Brussels, EIB, electrolysers, energy, environment, European Alliance for Clean Hydrogen, European Commission, European Investment Bank, Frans Timmermans, gas, Green Deal for Europe, Hydrogen Europe, REPowerEu, Russia, Thierry Breton, Ursula von der Leyen

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.

Libya's political crisis spills over into oil production

04/21/2022 | Industry

LIBYA. The political dispute between Libya's two rival prime ministers is now impinging on the country's economy itself because of the blockage of the oil infrastructure, which accounts for 97% of state revenue.

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 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.

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Jean-Emmanuel Roux de Luze: "Turkey is playing the NATO card in the Ukrainian conflict"

04/05/2022 | Society / Institutions

MEDITERRANEAN. On the occasion of an intervention during the 11th International Meeting of Cybèle, organized in Marseilles on March 31 and April 1, 2022 by the association Euromed-IHEDN, the rear-admiral Jean-Emmanuel Roux de Luze, deputy to the Commander of the Mediterranean maritime zone (CECMED), specifies the consequences of the war in Ukraine for the French Navy.

CECMED, Greece, Jean-Emmanuel Roux de Luze, Latakia, Mediterranean, NATO, Navy, Russia, Syria, Tartus, Turkey, Ukraine, United States, Vladimir Putin

France to help Egypt with wheat supplies

03/29/2022 | Society / Institutions

EGYPT / FRANCE. French Minister of the Economy, Bruno Le Maire, promises to guarantee wheat supplies to Egypt, which imports 80% of this cereal from Ukraine and Russia.

African Union, AU, Black Sea, Bruno Le Maire, cereals, Egypt, FARM, Food on agriculture resilience mission, France, GASC, Mostafa Madbouli, Russia, Ukraine, WFP, wheat, World Food Programme

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.

Egypt seeks further IMF support to underpin its comprehensive economic programme

03/24/2022 | Society / Institutions

EGYPT. Faced with the development of the war in Ukraine and its consequences on their country, the Egyptian authorities are launching a comprehensive economic programme and requesting new financial assistance from the International Monetary Fund.

Tunisian President declares war on food speculation

03/09/2022 | Society / Institutions

TUNISIA. Kaïs Saïed intends to use all means to fight against the monopoly and speculation on foodstuffs in his country.

Al-Watania, cereals, Digital Tunisia, Douar Hicher, Jebel Jelloud, Kaïs Saïed, La Marsa, Maher Ghribi, Mohsen Hassan, Najla Bouden, raw materials, Russia, shortage, Sidi Hassine, speculation, Tunis, Tunisia, Ukraine

Syria and Algeria the only Mediterranean countries not to vote against the Russian invasion of Ukraine

03/03/2022 | Society / Institutions

SYRIA / ALGERIA. The United Nations General Assembly overwhelmingly adopted a resolution denouncing Russian aggression in Ukraine. Syria voted against, Algeria abstained and Morocco did not participate in the vote.

Turkey bans warships from Bosphorus and Dardanelles straits

03/01/2022 | Society / Institutions

TURKEY. The conflict between Ukraine and Russia leads to the closure by Turkey of the Bosphorus and Dardanelles straits to all military vessels. Ankara's neutrality is justified by its desire not to offend either side.

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.

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Spain replaces Algeria to deliver gas to Morocco

02/08/2022 | Society / Institutions

SPAIN / MOROCCO / ALGERIA. The Spanish and Moroccan governments signed an agreement on gas on Thursday 3 February 2022. Following its decision to unilaterally break off all relations with Morocco at the end of August 2021, Algeria decided on 31 October 2021 not to renew its contract (running for 25...

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

Saif Al-Islam Gaddafi files his candidacy for the Libyan presidency

11/16/2021 | Society / Institutions

LIBYA. The International Conference for Libya has reaffirmed the need to hold the presidential elections on 24 December 2021. Saif Al-Islam Gaddafi has officially declared himself a candidate.