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MEDI1TV Afrique : JT Economie - 22/10/2024

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00:00Hello and welcome to your economic meeting on Median.
00:12Morocco and Estonia have expressed their mutual interest in further exploring the potential
00:18of their bilateral cooperation.
00:20In this sense, the Minister of Foreign Affairs, African Cooperation and Moroccan Residents
00:27Nassel Borreta and his Estonian counterpart, Marcus Tsakna, have praised the dynamism
00:33characterizing the relations between the two countries in recent years.
00:36In order to strengthen coordination and intensify the frequency of dialogues, the two ministers
00:42agreed to hold regular consultations and to support them by organizing high-level visits
00:48in different sectors.
00:50During their discussions, Nassel Borreta and his Estonian counterpart explored several
00:56key areas in which cooperation could be initiated or strengthened.
01:00These include, in particular, maritime and port infrastructures, agriculture, tourism,
01:06education, as well as cultural cooperation and legal and judicial cooperation.
01:12Still in the Kingdom, the coup d'envoi of the Stock Exchange Days was given on Monday,
01:17marking the beginning of an ambitious initiative aimed at bringing citizens closer to the
01:22national economy through the Stock Exchange.
01:24Organized by the Casablanca Stock Exchange, the event aims to create a solid link between
01:29citizens and the national economy, thus strengthening their understanding of economic issues.
01:35The Director-General of the Casablanca Stock Exchange, Tarek Snahaji, stressed the crucial
01:40importance of financial education, highlighting the need to encourage a better understanding
01:46of the stock exchange among individuals who, although active in the market, have the opportunity
01:51to get more involved.
01:53The Stock Exchange Days are therefore part of a vision to democratize access to the stock
01:58market, with the support of key players in the Moroccan financial ecosystem.
02:03In line with international news, the European Commission awarded on Monday more than €380
02:10million to 133 new projects, aimed at supporting the ecological transition throughout Europe
02:16as part of the LIFE programme for the environment and climate action.
02:20The allocated amount represents more than half of the total investment needs of €574
02:26million for these projects.
02:28According to Brussels, the LIFE projects contribute to the realization of a wide range of objectives
02:34of the Green Pact for Europe in terms of climate, energy and environment, including the objective
02:41of the EU to become neutral for the climate by 2050 and to curb the loss of biodiversity
02:47by 2030, while guaranteeing the long-term prosperity of Europe.
02:52The Commission increased the financing of the LIFE programme for the 2021-2027 period
02:57by nearly 60% to reach more than €5 billion.
03:01Let's stay in Europe.
03:03Greece recorded in August an increase of more than 6% in the number of arrivals of foreign
03:09The revenues of the sector, however, fell by about 2% compared to August 2023.
03:15According to the Bank of Greece, over nine months, from January to August, the number
03:19of tourists increased by 10% and revenues recorded a drop of 3%.
03:24The spokesman for the government, Pavlos Marinakis, for his part, estimated that the year 2024
03:30should record a new record.
03:33China, on Monday, lowered its interest rates, in line with the Central Bank's announcements
03:41at the end of September, as part of a series of measures aimed at boosting economic growth.
03:46The preferential rate of nearly one year, which is the most advantageous rate offered
03:53by banks to companies and households, was reduced by 25 points from 3.35% to 3.10%.
04:01The LPR at five years, reference to mortgage loans, also experienced a similar drop,
04:07going from 3.85% to 3.60%.
04:12These drops in the LPR come after the People's Bank of China announced last month
04:18measures to encourage households and companies to borrow.
04:22Real estate investment, however, fell by more than 10% over the first nine months of the year.
04:29The Chinese authorities, on the other hand, aim for an annual growth of 5% this year.
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