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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

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

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

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.
Abdelmadjid Tebboune, Africa, Air Algeria, Air France, Airbus, Aissa Bekkai, Algeria, Asia, ASL Airlines, Beijing, British Airways, Covid-19, Dubai, European Union, France, Iberia, ITA Airways, Montreal, Tassili Airlines, Tawfik Khedim, Transavia, Transport, United Kingdom, Volotea, Vueling

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

Libya will have to postpone the date of the presidential election again

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

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.
Bergamo, Bologna, Campania, Certificazione verde, Covid-19, France, Germany, Greece, Italy, Johns Hopkins University, Malta, Milan, Netherlands, Padua, Portugal, Puglia, Rome, San Marino, Sicily, Spain, tourism, Turin, United Kingdom, United States, vaccination

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

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.
Bournemouth University, Centre for intellectual property policy and management, China, Christian Peugeot, CIPPM, counterfeiting, Covid-19, Digital Services Act, e-commerce, EU, EUIPO, European Observatory on Intellectual Property Infringements, European Union, European Union Intellectual Property Office, OECD, Organisation for Economic Co-operation and Development, Paris, Singapore, Turkey, Unifab, Union of Manufacturers, United Kingdom

France's EA Pharma to acquire Spanish group Drasanvi

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.
acquisition, Albania, Botanical Bio, Castilla y León, Chile, China, Chondrosteo, Collmar, Conceptio, Costa Rica, Drasanvi, Duab, EA Pharma, Eafit, Equilibre Attitude, Europe, Foucaud, France, Granions, Immunol and Oseogen, industry, Laboratoire des Granions, Laboratoire Merle, Lebanon, Mexico, Monaco, Motion Equity Partners, Mougins, Oligosol, Oligostim, Oscar Lopez, Paris, Peru, pharmaceutical industry, Portugal, Punchpower, Russia, Spain, Super Alimentos, Thierry Verne, United Kingdom, Villadangos del Páramo, Vital pur

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

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

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.
Banco Santander, BBVA, BNP Paribas, BPCE, Crédit Agricole, Crédit Mutuel, Europe, European Tax Observatory, European Union, EUTAX Observatory, France, Gibraltar, HSBC, Intesa Sanpaolo, Italy, Malta, Monte dei Paschi, OECD, Paris School of Economics, Société Générale, Standard Chartered, tax havens, tax rates, taxation, United Kingdom

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

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...
arms, China, coronavirus crisis, Cyprus, Diego Lopes da Silva, Europe, France, Greece, IMF International Monetary Fund, India, Middle East, NATO, OPEC, Organization of Petroleum Exporting Countries, research, Russia, SIPRI, Stockholm International Peace Research Institute, United Kingdom, United States

Bashar al-Assad to run for fourth term as president

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.
Abdullah Salloum Abdullah, Baath, Bashar el-Assad, Civil Rights Defenders, Faten Ali Nahar, France, Germany, Ghouta, Hafez al-Assad, Hammoudeh Sabbagh, Iran, Khan Sheikhoun, Michel Kilo, Mohammad Firas Yasin Rajjouh, Mohammad Muwaffaq Sawwan, Mohanad Nadim Shaaban, Nasr Hariri, Open Society Justice Initiative, OSDH, OSJI, Paris, SA, SCM, Syria, Syrian Archive, Syrian Center for Media and Freedom of Expression, Syrian conflict, Syrian election, Turkey, United Kingdom, United States

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

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
Allen & Overy, anticompetitive measures, Apple, cartel, China, competition, Europe, European Commission, European Union (EU), Forex, France, Gafa, Global antitrust enforcement, Hungary, Italy, Spain, Thailand, Turkey, United Kingdom, United States

Turkey increases its trade deficit by 69% in 2020

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

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

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

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

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

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. version française
Brussels, conflicts, Covid-19, Donor Conference, Egypt, European Commission, European Union (EU), Germany, Grants to Syria, Iraq, Japan, Jordan, Lebanon, refugees, Syria, Syria Humanitarian Response Plan, Syrian conflict, Syrian refugees, Turkey, United Kingdom, United Nations, United States

EU joins forces to better fight forest fires

EU joins forces to better fight forest fires
10/08/2020 | Environment
EU. A new Safers platform to build a comprehensive emergency management system to better fight forest fires will be tested in Italy, France, Spain and Greece.
Copernicus, European Union (EU), Finland, forest, forest fires, France, Germany, Greece, Italy, Safers, Semide, Spain, United Kingdom

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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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