UfM holds meeting on Innovation, Information and Communication Technologies
15th FEMIP Conference: EIB reinforces innovation, entrepreneurship and jobs in the Mediterranean
The European Investment Bank (EIB) hosted the 15th FEMIP Conference on 26 October in Luxembourg in partnership with the Luxembourg Presidency of the Council of the European Union, and the Union for the Mediterranean (UfM).
The meeting explored the links between private sector finance, entrepreneurship and job creation, with a focus on tools for financing pioneering investments in the Mediterranean region.
On the sidelines of the conference, the Luxembourg Presidency launched an initiative to support youth employment in Algeria, Morocco and Tunisia through vocational training. The initiative seeks to bring together public institutions in the three countries and private sector developers to provide capacity building that triggers entrepreneurship in the three North African countries as a pilot that will be replicated at a later stage to include Mashrek countries.
As one of the main lenders in support of economic and social development of the EU’s Mediterranean partners, the EIB has provided €1,322 million since 2011 to support the private sector in the region through direct loans, bank-intermediated SME facilities, micro finance and equity risk capital.
Estonia-Latvia-Russia CBC projects help SMEs to attract Investors
The project “4 investors” funded by the EU under the Estonia-Latvia-Russia Cross-Border Cooperation Programme has come to an end, fully achieving planned result and even exceeding them, with the aim of supporting SMEs and creating new jobs in the region.
The projects allowed the establishment of comfortable conditions for investors to start businesses in the Estonia-Russia border area, including through the installation of an electrical substation at the Kadastiku industrial park (Narva, Estonia) as well as a technical project for the Narva business incubator and renovated premises of the Ivangorod business incubator with equipped working places in both incubators.
In addition, the project has helped seven start-up companies in Ivangorod to develop their business and attracted to Narva 6 production companies, which are planning to create 615 new jobs.
More information about the results of each project can be here.
UfM at UNIDO Conference on Women’s Economic Empowerment
The Union for the Mediterranean (UfM) last week took part in the Conference on Women’s Economic Empowerment in the MENA region, organised at Expo Milano 2015 by the UN Industrial Development Organization (UNIDO) in the framework of the regional project “Promoting women empowerment for Inclusive and Sustainable Industrial Development in the MENA region”.
The aim of the event was to establish a policy dialogue, identify recommendations for policy makers and share good practices and business women’s experiences at international level, in order to support the promotion of a large network of women engaged in contributing to sustainable and inclusive development in their countries.
It brought together representatives of governments, Women’s Business Associations, women entrepreneurs, international finance institutions, NGOs and representatives of the private sector.
On the margins of the Conference, UfM Deputy Secretary General Borione met the Minister of Women’s Affairs of Tunisia, Samira Merai Friaa, ahead of the next UfM Ministerial Conference on Strengthening the Role of Women in Society, to take place in 2016 in Tunisia.
Union for the Mediterranean partners with UNESCO to undertake joint activities and programmes
The Secretary-General of the Union for the Mediterranean (UfM), Fathallah Sijilmassi, visited UNESCO headquarters yesterday to establish a new partnership to promote regional tolerance and dialogue in the region.
Following the signing of the agreement, UNESCO Director General Irina Bokova declared:“This partnership comes at the right time on the right issues, inspired by the idea that the cultural diversity of the Mediterranean region is key to promote peace, to accelerate sustainable development, to foster a new narrative of tolerance and dialogue in a context of increasing extremism”.
The agreement focuses on priority fields such as promoting cultural diversity for dialogue and development; fighting against extremism; promoting mutual respect amongst the people of the Mediterranean; promoting a culture of peace; promoting cultural heritage and under-water cultural heritage; scientific cooperation; women and youth employment; sustainable development and climate change.
MEDREG: an important step forward for the opening and the development of a regional electricity market
The EU-supported Mediterranean Energy Regulators’ Association (MEDREG) has taken part in the launch of the Union for the Mediterranean's Euro-Mediterranean platform on electricity yesterday in Rabat, an initiative described by MEDREG President Hafez El-Slamawy as "extremely important to enhance the development and integration of the Euro-Mediterranean electricity markets".
The launch of the platform was hosted by the Moroccan Minister of Energy, Abdelkader Amara, the UfM Co-Presidency represented by the European Commissioner for Climate Action and Energy, Miguel Arias Cañete, the Deputy Secretary General of UfM, Teresa Ribeiro, and the advisor to the Minister of Energy of Jordan, Ziab Jebril Sabra.
MEDREG Board Members also met Dominique Ristori, Director General of the EU's Directorate-General for Energy, stressing the need for high level institutional cooperation between the European Commission and MEDREG, as an essential step to build a Mediterranean regional energy market.
MEDREG is an Association that brings together energy regulators of 21 countries around the Mediterranean in order to promote a clear, stable and harmonised legal and regulatory framework through a continuous cooperation among the Northern, Southern and Eastern shores of the Mediterranean basin. MEDREG benefits from the support of the European Union and of the Council of European Energy Regulators (CEER).