medNews

ISRAEL, PLAN TO REDUCE EMISSIONS OF 26%

The Israeli government approved the National Programme for achieving the target for the issue of greenhouse effect gases and energy efficiency (National Program to Implement Greenhouse Gas Emissions and Targets for Energy Efficiency On April 4) that the objective of reducing emissions by 26% per capita below 2005 levels.

The program includes two credit lines of 800 million total NISH (about 188 million euros) and the number of governance committees institutions to formulate practical proposals for achieving the targets set.

The measures provided ranging from tax incentives to energy efficiency projects and renewable energy projects, the long-term quotas for the production of renewable energy and the promotion of innovative Israeli technologies in these fields, to reduce the use of coal, every action to facilitate the transition to the use of natural gas, the promotion of increased use of public transport and the construction of green buildings or self-sufficient from an energy point of view.

The Minister for the Environment, the national infrastructure, energy and water resources, Uri Gabbay, said that the program is a combination of measures that reduce damage to the environment and increase economic growth and the savings resulting from lower environmental rehabilitation, while promoting greater efficiency of the authority public with general positive economic benefits for NIS 30 billion, or about 7.5 billion euros.

(ITALPRESS/MNA).


Source: medNews

ITALY "HUNTS" ALBANIAN TOURISTS

“Italy ‘hunts’ Albanian tourists”. This is the title of the article published April 14, 2016, in the local business magazine Monitor. Italy traces the identikit of the Albanian potential tourists interested in visiting the country, it is cited of the portal. The article reports the Report 2016 ENIT/broadcasted on RAI in Albania.

In Albania there are no official data on the destinations of outgoing tourism. The favorite destinations are Turkey, Spain, Italy and Greece. From visa liberalization (December 2010), Italy seems to be recovering share on Turkey, which has long had abolished visas for Albanians. From research conducted at some agencies that offer trips to Italy (and after visa liberalization), it is a growing interest in Italy and organized trips. Also a growing interest towards our country by Kosovars and Macedonians living in Albania. Soaring is the demand from young people and couples without children. Italy is a country of great attraction for the Albanian tourist.

To increase this tendency it might aim for deals in periods of seasonal adjustment. Attraction strategic policy could offer all inclusive packages for cultural visits (for example exhibitions of international importance). Create an “Italian Tourism System” that in addition to at least foresee the presence of an antenna ENIT in Albania involves all Italians institutions already present: Embassy, IIC, Chamber of Commerce, ICE. With foresight, it might choose Tirana as a starting point for tourism initiatives towards our country also religious in nature, highlights the Report 2016 ENIT/MAECI.

(ITALPRESS/MNA).


Source: medNews

MALTA: 1,320 POSITIVE DECISIONS ON ASYLUM APPLICATIONS IN 2015

According to Eurostat 785 Libyan migrants were granted protection status in Malta in 2015, making up a total of 59.3% of the total number of people granted this status last year. 280 Syrians (21.3%) and 60 Eritreans (4.5%) migrants were also granted asylum. Totally  there were  1,320 positive decisions on asylum applications in 2015 in Malta (290 refugee status, 955 subsidiary protection and 75 sheltered for humanitarian reasons). In 2015 the 28 member states of the EU granted asylum to 338,900 asylum seekers, which shows an increase of 75% since 2014 with 51% being from Syria. In second and third place there are Eritrea and Iraq amounting to 8% and 7% respectively.More than 60% of all Syrians, around 104,000 people, who were granted protection were recorded in Germany. Out of 27,600 Eritreans 9,500 were recorded in Germany, 6,600 in Sweden and 4,900 in the Netherlands. Out of 23,800 Iraqis, 15,500 were granted protection status in Germany and 2,800 in France.

(ITALPRESS/MNA).


Source: medNews

TUNISIA, IMF CUTS ECONOMIC GROWTH FORECAST

The International Monetary Fund (IMF) has revised down its growth forecast for Tunisia, for 2016, 2% against a forecast of 3%. In 2017, this rate could reach 3%, provides for the international monetary institution.

In its report on the world economic outlook, published April 12 in Washington, in the United States, the International Monetary Fund, it predicted an improvement in the inflation rate in Tunisia, from 4.9% in 2015 to 4% in 2016 and 3.9% in 2017.

As for the current account deficit, the report predicts a 7.7% rate this year and 3.5% in 2017, a decrease of 0.2 and 0.1 points compared to the estimates of the month of January 2015.

According to the report published twice a year the global economic recovery continues, but with a slow and fragile pace although, despite lower than expected, these are on the rise compared to 2015.

The international monetary institution forecasts were announced two days before the work of the Spring Meeting (spring meeting) of the IMF and World Bank. Tunisia is negotiating with the International Monetary Fund for a new credit line of four years, amounting to about 2.8 billion dollars.

(ITALPRESS/MNA).


Source: medNews

MONTENEGRO, TAKEN SINGLE LIST OF PRIORITY INVESTMENT PROJECTS

The National Investment Commission of Montenegro has recently adopted the single list of priority investment projects (Single project pipeline) in infrastructure, 64 in total, of which 10 of the energy sector, 9 in the transport sector, 30 environmental projects and 15 the social business sector. The Government pointed out that the list represents the strategic priorities of the country for the next 10 years regardless of the source or method of financing. In line with the new methodological approach of the framework for investment in the Western Balkans (WBIF) and at the request of the European Commission, with the drafting and adoption of the single list of investment projects all the steps prescribed by the methodology have been made for the choice of priority infrastructure projects and the conditions were created for potential co-financing of these projects through the funding of the Framework grant for investments for the Western Balkans. In the coming period, the European Commission will have the task of choosing which projects will be financed through the funds of the WBIF, bound for Montenegro, Albania, Bosnia and Herzegovina, Kosovo, Macedonia and Serbia in 2014-2020.

(ITALPRESS/MNA).


Source: medNews

CODE OF FOREIGN INVESTMENTS IN DIGITAL FORM IN SPAIN

There was presented by the Spanish Ministry of Economy and Competitiveness a new tool that provides a single source in the legislation on foreign investment in Spain. This is the Código de Inversiones Extranjeras en España in digital format in addition to those already available on the website of the Spanish Official Gazette (BOE initials in Spanish).

This new code is structured in three sections: the Spain international agreements and tax agreements relating to the promotion and reciprocal protection of investments; Legislation on trade applicable to foreign investment (capital movements and economic transactions, liberalization of foreign investment and exceptions to those arrangements, legislation on the prevention of money laundering and terrorist financing); Tax legislation of interest to foreign investors, and particularly the tax on the income of non-residents and to corporate tax.

It is an innovative tool which will be constantly updated and for which is expected in the future also the English version.

(ITALPRESS).


Source: medNews

ISRAELI CYBER COMPANIES 8% OF GLOBAL MARKET

According to the Israeli National Cyber Bureau, Israeli exports of cybertechnology in 2014 reached approximately 6 billion dollars of 8% on the total value of the global market amounted to 71.1 billion dollars.

Israel confirms, therefore, be the main protagonist for investment in the private sectors, defense and military. Thanks to this activity with significant funds spent on research and development of new products, and the country, however, one of those with the lower rate of cyber-technology crimes in the world. Cyber sector employs about 19,000 jobs representing 7% of the workforce in the field of high technology.

The National Cyber Bureau is an advisory body attached to the Office of the Prime Minister in charge of formulating proposals – even a legislative character and significance – as part of the national cyber security policy. In addition to this advisory function to the organs of government and legislation, and the engine of the motor cooperation between higher education system, industry and the private sector and central and local government offices that ensure the security of the country.

(ITALPRESS/MNA).


Source: medNews

ALBANIA: WORLD BANK, IN RECOVERY PRIVATE INVESTMENT

Albania’s analysis of economic performance during 2015, the World Bank note a recovery in private investment, highlighting the growth of 13.6% in the fourth quarter of last year, imports of machinery and equipment. The 2015 was also a contraction of exports, fell 2% due to the fall in oil prices and minerals on international markets, but given that the actual imports fell, gross exports, however, have contributed positively to the rate growth. At the end of 2015 the rate of uncollected receivables decreased to 17.6% of the portfolio of loans, but increased again by 0.8% in January, according to data from the Albanian banks. The central bank expects that the rate of uncollected receivables may fall 15% by 2016, however, this process seems to be quite easy.

(ITALPRESS/MNA).


Source: medNews

CYPRUS: PROJECTS FOR PAFOS, EUROPEAN CAPITAL OF CULTURE 2017

There will be presented next week the renovations and improvements planned for Pafos, in view of the role of European Capital of Culture that the city will take over in 2017.

Current projects are estimated at 8.3 million euros and include the upgrading works on the squares: October 28, Dionysios Solomos and Kosti Palama. In the first phase there are also included the work of the old town (Ktima) and Kennedy Plaza. Projects must adhere to a specific timetable, having to be completed by January 1, 2017.

Other works of upgrading, due out next month, providing for the expansion of the municipal market, with the reorganization of the interior spaces and the construction of an outdoor plaza.

There are late the work of the Tomb of the Kings road, one of the busiest streets of the city, which will be part of a ring road around the city. The project has an estimated cost of over 10 million euros already allocated by the Ministry of Public Works.

(ITALPRESS).


Source: medNews

LEBANON, SPENDING GROWTH IN PHARMACEUTICAL SECTOR

In 2015 drug sales in Lebanon reached 1.63 billion dollars, registering a growth of 6.53% compared to 2014. This upward trend is confirmed by the medium-term forecasts, which indicate expenditure the drugs of 2.20 billion dollars in 2020.

Currently Lebanon ranks first among the countries of the region for pharmaceutical expenditure, which currently accounts for 3.15% of GDP, projected in 2020, it will account for 22.3%.

The original pharmaceutical products prescribed by doctors, unlike the generic, still dominate the market: in 2015, sales of prescription products reached 800 million dollars, or 49% of total sales. In 2020, this ratio to increase by two percentage points and reached 51%.

In 2015, spending on generics totaled 494 million dollars, representing 30% of total sales, while spending on OTC drugs amounted to 339 million dollars, or 21% of the total. By 2020, spending on generic drugs is expected to increase, up to 33% of total sales, while the counter products is expected a decline of 15%.

The hospital sector in Lebanon is dominated by private clinics, which represent 90% of the sector. lL spending from the national service, the NSSF, National Social Security Fund, in any case represent more than 51% of total health expenditure and is expected to rise in accordance with the market trend and remained around the same level.

(ITALPRESS).


Source: medNews

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