The Lebanese company Rymco signed a contract with the Russian company AutoVAZ for the exclusive distribution in Lebanon of the cars of Lada brand. And it is foreseen the opening of an exclusive showroom in Jal el Dib area, near Beirut.

The Rymco, Rasamny Younis Motor Company, owned by Rasamny brothers, is a leader in imports of new cars in Lebanon and holds 11.5% of the local market. The company already represents: the Nissan brand, Infiniti, GMC, Lotus, Kawasaki, Peugeot Scooters, Nissan Diesel, Renault Trucks and UD Trucks. However, it is focused on the excellent report quality/price ratio of the new brand to affirm it on the market.

The AutoVAZ is controlled by the Renault-Nissan group through its subsidiary Rostec.

(ITALPRESS/MNA).

Source: medNews

Turkey plans the purchase of 80 high-speed trains for the middle of this year. This was stated by Minister of Transport, Binali Yildirim, during the inauguration of an exhibition on logistics, infrastructure and transport in Istanbul on 3 March, the value of investments will be around 5-6 billion dollars.

The ministry is planning to buy 106 trains in total, according to the plan which aims to expand the national network rail transport high-speed. Sources from the Ministry of Transport argue that with this invitation to tender is intended to exploit the 51% of local resources. The opening of an establishment of production of cars has been mentioned as an integral part of the project envisaged by notice. The investment would be around 6 billion Turkish Liras. Yildirim also said that is being finalized a plan that will make possible for the private sector, the transport of goods on rail. “This year we could see the private companies make their entry in the field”, he said. Recently, Yildirim said that the government plans to connect 14 cities, over 55% of the population, by 2023, through the high-speed rail network.

(ITALPRESS).

Source: medNews

From 15th March the Albanian farms with VAT may apply to take advantage of government subsidies for agriculture. About 14 million euro will be provided as support for farmers, agro-industry and investment in agricultural infrastructure. Winners will be announced in April and it is expected that the fund will support more than 13 thousand farmers. Besides subsidies, the plans of the Albanian Ministry of Agriculture plan to launch a credit guarantee system for farmers, which will be co-financed by EBRD for a total of 300 million euro in next three years.

(ITALPRESS/MNA).

Source: medNews

From 6 to 29 May returns the Med Photo Fest, the international event dedicated to art photography and will be held in Catania, Modica (RG), Noto (SR) and Taormina (ME).

The eighth edition, dedicated to the theme “Light / Light / Licht / Lumière / Luz”, is organized by the cultural association Mediterraneum in collaboration with the photographic group Luce Iblea Group of Scicli and the Foundation Giovan Pietro Grimaldi in Modica, and with patronage of the Ministry of Heritage and cultural Activities and Tourism and the Department of Sport Tourism and Recreation of the Sicilian Region.

There are a lot of news and important names in the billboard 2016. Beginning with the Ligurian photographer Lisetta Carmi, who will be awarded Mediterraneum award: the Prize for Photography in 2016. The prize will be award by the artistic direction chaired by Vittorio Graziano Mediterraneum, on the occasion of the opening of the festival day. This is an important recognition of the career that, in past years, was awarded to Ferdinando Scianna (2009), Gianni Berengo Gardin (2010), Franco Fontana (2011), Giuseppe Leone (2012), Nino Migliori (2013), Piergiorgio Branzi (2014) and Mario Cresci (2015).

In the program there are included exhibitions of Lisetta Carmi, Raul Amaru Linares (Colombia), Aurora Bruno, Alessandro Ciccarelli, Giulia Fraticelli, Chulsu Kim (Korea), Andreas Kruppi (Sweden), Giulio Magnifico, Kosuke Okahara (Japan), Colette Saint Yves ( France), Joseph Tangorra and Irena Willard (France).

In the program there are also included cultural and technical seminars, areas for photographic publishing (with Ferdinando Scianna), technical workshops, workshops photographic travel between the Baroque architecture and the beauty of the Valley of Noto and Taormina (with Ulderico Tramacere, Adelaide Di Nunzio, Massimo Gurciullo and Vittorio Graziano), readings of the portfolio (the portfolio Mediterraneum Prize 2016 to the best author), emerging young photographers exhibitions, historical photo exhibitions, but also theatrical and musical events.

(ITALPRESS/MNA).

Source: medNews

The new container terminal in Tripoli, managed by the Emirati society “Gulftainer”, that operates for more than six months, has finally begun its activity. Its commissioning has been delayed several times, due to an insufficient number of staff to ensure clearance.

This activity begins with a first contract by “Cedars Premium Food & Beverage”, local company situated in North of the country, producer of fruit juices, which plans to export 2000 containers to Iraq in the next eight months.

Followed by a second contract signed by Khawla group, local group, for the importation of 12 granite containers per week, over the next 10 months, out of Egypt. Other contracts are nearing completion.

The new container terminal is operational for almost six months, but its commissioning was delayed several times, partly due to a number.

(ITALPRESS/MNA).

Source: medNews

Because of increase of foreign tourists in part and for the increase in the number of days of overnight stays in the hotel in part, the Gozitan tourism, in Malta, increased in 2015. More than one million overnight stays, 14 percent more than in 2014, of 166,106 tourists who visited the island (13,161 more than last year).

The data were presented by the Association of Tourism in Gozo, and were greeted with satisfaction also because of the months affected the increase. Indeed, no treaty only summer tourism: visitors relevant movements were also recorded in the periods from April to June and October to December.

One of the most spectacular and well-known abroad Gozo events remains the Nadur carnival, macabre experience with hooded revelers who make outlandish acts in the streets and carry around dead animals in a cage. The celebrations represent a cathartic release for the locals who endures the hardships of rural life, with the ultimate goal to shock the viewer. 

(ITALPRESS/MNA).

Source: medNews

The Swiss institute KOF (business cycle research) released the index of globalization, which measures the degree of globalization of world markets, as assessed in its economic, social and political. The survey (available at the web page http://globalization.kof.ethz.ch/) analyzes 207 countries based on specific parameters, which quantify the international opening. Regarding the economic aspects, it evaluates the trade exchange with foreign countries and impact of international investment on GDP, than the existence of any trade barriers and restrictions to global financial flows. The social aspect of globalization is measured, among others, according to the tourist flow, the size of the resident foreign communities, telephone and postal traffic. The circulation of international information is evaluated in terms of access to the Internet, television broadcasting, the foreign press, as well as imports and exports of books. The political dimension of globalization of a country is assessed based on the number of accredited foreign embassies, international organizations to which the country is a member, and bilateral and multilateral agreements. Based on these parameters, the Netherlands is in the lead in the globalization ranking, followed by Ireland, Belgium, Australia and Switzerland. Another <top ten> of globalization are : Singapore, Denmark, Sweden, Hungary and Canada. Morocco, which ranks 57th in the world, holds the record in Africa, followed by Mauritius (58 place), South Africa (61), Egypt (66), Tunisia (81), Seychelles (82), Namibia (98), Senegal (99) and Nigeria (103).

(ITALPRESS).

Source: medNews

Tunisia joined the Enterprise Europe Network through the creation of a consortium EEN Tunisia, composed of five Tunisian authorities: the Conect, employers’ trade organization, The Chamber of Commerce and Industry of Tunis, the Cepex public institution in support the private sector, the Elgazala technology hub, under the Agency’s supervision of industry and Innovation Promotion (API). EEN Tunisia constitutes the fulfillment of a strategic partnership between the five members of the consortium to offer businesses Tunisian privileged access to a multitude of European value-added services and integrated services for enterprises and innovation. To strengthen their competitiveness and to address new markets and development models Tunisian companies have no choice but to move towards innovative projects consolidating their relationships with their national and international partners and position of new markets. The Enterprise Europe Network was created in 2008 and it is the first official network of the European Commission which aims to offer to SMEs a range of integrated services and support based on innovation, relying on proximity organizations to be closer to the needs of companies operating in the area. This is the most extensive European network dedicated to innovation and internationalization for companies, with more than 600 partners spread in more than 54 countries inside and outside the European Union. Since its creation EEN helped 11,500 enterprises in the signing of trade partnerships, exchanges of technology and research, accompanied 137,000 of them in fairs and international fairs, responded to 770,000 requests on European legislation, it has attracted more than 1.35 million of people to its events.

(ITALPRESS/MNA).

Source: medNews

The Italian bank Intesa Sanpaolo launches a strategic partnership with “The Floor”, the Fintech new startup incubator in Israel in Tel Aviv, among the most important in the global innovation.

Objective of “The Floor” is to become a true “hub”, a reference point for the market where, to make selection and start-up mentoring by bank partners, but also there will be an R & D center, training programs for the sector, co-working spaces and meeting to encourage dialogue with financial and technology partners.

The birth of “The Floor” relies on the fundamental contribution of the Chinese Fund Pando Group and sees four foreign banks as strategic partners: Intesa Sanpaolo, Royal Bank of Scotland, HSBC and Santander.

Together with the banks are also present two technological partners: INTEL and Thomson Reuters.

The areas covered by the start-ups that will be incubated intercept the crucial issues that are now the focus of attention for the financial sector are : blockchain; Big Data; electronic payments, trading, development of mobile and sensitive subject of anti-fraud systems.

The partnership with The Floor will allow Intesa Sanpaolo to make it exclusive scouting Israeli FinTech reality and to carry out mentoring activities on companies considered of interest.

“We are proud to be today one of the founders of The Floor, a project that has all the ingredients to become an excellent platform on the international scene FinTech. Intesa Sanpaolo has always considered this particular innovation is a fundamental tool segment for the evolution of the banking sector. Becoming part of The Floor is a further step in the consolidation and growth of our international network of innovation in the ecosystem”, Maurizio Montagnese – Chief Innovation Officer of Intesa Sanpaolo said.

(ITALPRESS/MNA).

Source: medNews

In 2013 the pension expenditure in Malta was lower than the EU average, or below 9.6% of GDP, but by 2060 it is expected to increase up to 12.8%, one of the highest figures in Europe. With this background, the European Commission expressed itself favorably to sustainable long-term retirement plan, drawn up by the Maltese government with the first measures proposed in the budget plan in 2016.

Already last year, the EU Commission  invited Malta to continue its reform of pensions in the course, with an increase in the retirement age and by linking it to changes in life expectancy, for greater long-term sustainability of the system.

Among the measures taken by the government is extending the number of years of contribution – 40 to 41 – are necessary to get the full pension. Furthermore, the reform provides for two measures: the increase of the minimum national pension up to 60% of median income (by 2020), and social security coverage for women who don’t accumulate sufficient contributions due to career breaks for pregnancy.

(ITALPRESS/MNA).

Source: medNews