United Kingdom | Tags | Econostrum | Economic News in the Mediterranean

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.

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

Air Algerie authorized to buy fifteen new aircraft to expand its range

05/10/2022 | Transport

ALGERIA. The Algerian government is going to reinforce the international summer programme of Air Algerie and authorises the national company to acquire fifteen new aircraft.

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 will have to postpone the date of the presidential election again

01/06/2022 | Society / Institutions

LIBYA. Scheduled for 24 December 2021 and then postponed, two days before the vote, by the High National Electoral Commission to 24 January 2022, the Libyan presidential election seems once again compromised by the impossibility of finding a political consensus.

Abdel Hamid Dbeibah, Abdulah al-Lafi, Fawzi al-Nuwairi, France, HNEC, Imad al-Sayeh, Italy and Germany, Khalifa Haftar, Libya, Libya politics, Libyan High National Electoral Commission, Mohammed al-Menfi, Moussa al-Koni, Presidential Council Libya, Saif al-Islam, Stephanie Williams, Tobruk, United Kingdom, United States

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.

E-commerce is a key channel for counterfeits to enter the EU

10/26/2021 | Services

EUROPE. In two separate studies published in October 2021, the European Union Intellectual Property Office (EUIPO) reports on the increasing role of online trade in the sale of counterfeit goods.

France's EA Pharma to acquire Spanish group Drasanvi

10/21/2021 | Industry

FRANCE / SPAIN. The pharmaceutical group EA Pharma enters into exclusive negotiations with Drasanvi, with a view to acquiring a majority stake in the Spanish group.

Blanca Moreno-Dodson: "The move from the World Bank to the UN is a natural evolution for the CMI"

09/22/2021 | Society / Institutions

MEDITERRANEAN. The director of the Centre for Mediterranean Integration (CMI), Blanca Moreno-Dodson, tells econostrum.info exclusively about her transition from the World Bank to the United Nations and her new mandate: the implementation of the MDG 17 on partnerships in the Mediterranean. The CMI remains and will remain based in Marseille.

Barcelona, Blanca Moreno-Dodson, Centre for Mediterranean Integration, civil society, climate change, CMI, Emmanuel Macron, Energy and Climate Change Forum, European Investment Bank, Italy, Jean-Yves Le Drian, Madrid, Marseille, Mediterranean, Mediterranean Basin, Mediterranean of the Future, Mediterranean Week, Morocco, Provence-Alpes-Côte d'Azur Region, SDG 17, SDGs, Spain, Sustainable Development Goal, Tour La Marseillaise, Tunisia, Two Shores Dialogue, UN, UN Habitat, Union for the Mediterranean, United Kingdom, United Nations, United Nations Office for Project Services, UNOPS, Villa Walmer, Ville de Marseille, World Bank

European banks still love tax havens

09/07/2021 | Services

EUROPE. A study by the European Tax Observatory (EUTAX Observatory) shows that European banks continue to earn a significant proportion of their profits in tax havens.

Despite the crisis, global military spending grew by 2.6% in 2020

04/29/2021 | Industry

WORLD. According to the Stockholm International Peace Research Institute (SIPRI), global military spending reached $1981 billion (€1634 billion) in 2020 compared to 2019, an increase of 2.6% and the highest level since 1988. They "include all government spending on armed forces and military...

Bashar al-Assad to run for fourth term as president

04/22/2021 | Society / Institutions

SYRIA. Bashar al-Assad has officially applied to run for the next presidential election in Syria on May 26, 2021.

France is the world leader in anti-competitive repression, with €1.8 billion in fines in 2020

02/23/2021 | Society / Institutions

FRANCE. According to the "Global antitrust enforcement" report published by Allen & Overy, France imposed nearly €1.8 billion in financial sanctions on companies found guilty of anti-competitive measures in 2020.

version française

Turkey increases its trade deficit by 69% in 2020

02/02/2021 | Society / Institutions

TURKEY. According to the Turkish Institute of Statistics, Turkish exports fell by 6.3% in 2020 compared to the previous year, with a total of $169.48 billion.

China, Fatih Dönmez, Germany, Iraq, Italy, oil, Ruhsar Pekcan, Russia, trade, TUIK, Turkey, Turkish Institute of Statistics, United Kingdom, United States

Gibraltar, the Mediterranean sand grain rock of Brexit

01/18/2021 | Society / Institutions

Despite the signing on Christmas Eve of a nearly 1,300-page pavement setting out the post-Brexit relationship between Britain and the European Union, the question of Gibraltar has not yet been fully resolved. It will only be settled after bilateral negotiations between London and Madrid.

Brexit, Edward Davis, Fabian Picardo, Gibraltar, Joseph Garcia, La Linea de la Concepcion, London, Madrid, Morocco, OECD, Pedro Sanchez, Spain, Statute of Gibraltar, Tangier, Theresa May, United Kingdom

The introduction of new Member States stuck in the European funnel

11/20/2020 | Society / Institutions

Despite his divorce from the United Kingdom and the break-up of his engagement with Turkey, the European Union still seduces, but knows how to make itself wanted. Its only suitors today are all in the Western Balkans. They have to work hard to put a ring on this sixty-three-year-old lady's finger, who is becoming more and more difficult to choose.

Albania, Angela Merkel, Ankara, Bosnia-Herzegovina, Brexit, Brussels, Bulgaria, Central Bank of Kosovo, Copenhagen criteria, Croatia, Cyprus, dardan, David Cameron, dinar, economy, Ekaterina Zaharieva, EU accession, EU enlargement, euro, Europe, European Commission, European Investment Bank, European Union (EU), Greece, Henry Marty-Gauquié, Jean-François Cousitillière, Kosovo, Macedonia, Montenegro, Olivér Varhelyi politics, Recep Tayyip Erdogan, Romania, Serbia, Slovakia, Slovenia, Sofia, Spain, Turkey, Turkey's accession, United Kingdom, Ursula von der Leyen, Western Balkans

Issuance of the first European social bonds for €17bn

10/21/2020 | Society / Institutions

EU. Within the framework of the SURE instrument, created by the European Union to protect jobs and employees from the consequences of Covid-19, the European Commission has issued its first social bonds for an amount of €17 billion.

Barclays, Benelux, BNP Paribas, coronavirus crisis, Covid-19, Deutsche Bank, European Commission, European Union (EU), France, Germany, Johannes Hahn, Nomura, social obligations, Support to mitigate unemployment risks in emergency, SURE, UniCredit, United Kingdom, Ursula Von der Leyen

Gap plans to close all its shops in Europe

10/21/2020 | Services

EUROPE. The American ready-to-wear brand Gap is to review its entire European business and one of the options includes the closure of all its shops in France, Italy, the UK and Ireland.

Aix-en-Provence, Angers, Banana Republic, coronavirus crisis, Don Fisher, Europe, France, Gap, Ireland, Italy, Lille, Lyon, Mark Breitbard, Montpellier, Paris, ready-to-wear, Rugby, textile, United Kingdom

The European Commission considers the funding obtained for Syria insufficient

10/16/2020 | Society / Institutions

SYRIA / EU. In its latest report on the financial monitoring of grant and loan pledges to Syria, the European Commission indicates that as of 31 August 2020, international donors had disbursed $5 billion in grants to Syria and its region in 2020.