Egypt's current account gap narrows, but overall BoP records deficit    Egypt's PM reviews debt reduction strategy, eyes more private investment    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt, India discuss expanding industrial, investment partnerships    World Bank proposes Egypt join new global health initiative    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt welcomes 25-nation statement urging end to Gaza war    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian pound ticks down in early Tuesday trading    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt, Somalia discuss closer environmental cooperation    Egypt exports 175K tons of food in one week    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, Uruguay eager to expand trade across key sectors    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



European investments in Egypt rose 4% in 2015- EU's Moran
Published in Amwal Al Ghad on 11 - 02 - 2016

European investments in the Egyptian markets have been boosted by 4 percent during 2015, Head of European Union Delegation to Egypt James Moran stated Thursday.
The European Union targets boosting the volume of European investments and mutual trade with Egypt within the upcoming period, the head stated.
He made these remarks during a conference held Thursday to inaugurate EU's Trade and Domestic Market Enhancement Programme.
The Programme is funded by the European Union to the magnitude of €20 million and will run till the end of 2017.
By launching the programme, the mutual trade and economic relations will be re-enhanced , Moran clarified, adding that the new programme is coinciding with the economic reform programme announced within the Sustainable Development Strategy of Egypt.
Head Moran noted that the volume of mutual trade between Egypt and the EU has been increased by 11 percent since the beginning of 2015.
There are a lot of sectors available for EU to increase the cooperation with Egypt notably the service one since the second owns prominent opportunities to rise its exports through this sector, Moran said
The official pointed out that the policies that Egypt adopted recently to protect its local industry have been also adopted by the EU previously since they aimed at the favor of economic and social development.
On other side, Trade and Domestic Market Enhancement Programme supports the Egypt trade ministry and its affiliates in their efforts to facilitate competitiveness and job creation in the Egyptian economyin line with the targets set in the Sustainable Development Strategy 2030.
The Programme targets boosting Egypt's role in international trade through benefiting from transparent policies and international trade agreements. Additionally, it aims at boosting industrial development through improving quality infrastructure necessary for liberalising trade, especially towards the EU.
Moreover, the Programme eyes minimising the economic differences and creating more job opportunities through focusing on developing SMEs.


Clic here to read the story from its source.