€75 million from Italy for infrastructure. To co-finance first phase of industrial cities

A Framework Agreement was signed November, 16, to lend Lebanon 75 million euro ($80 million) in soft loans. The agreement was between the Council for Development and Reconstruction (CDR) and the Embassy of Italy. The loans will be used for wastewater, agricultural, and industrial projects.

The terms have been set at zero interest for 17 years with a five-year grace period.

Around 50 million euro ($54 million) will be used for wastewater systems in Hasbaya, Hermel, Bakhoun, and B...

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Agri-food exports to Europe surged 17 percent. Gain on Syria’s share

Exports of agro-food goods to the European Union (EU) increased 17 percent in the first half of the year reaching €58 million ($65 million), compared to the same period last year, according to the 'Strengthening EU-Lebanon Trade and Investment Relations' report issued by the EU.

Agro-food exports to EU reached €86 million ($100 million) last year, almost 60 percent up from 2010.

Mounir Bissat, Secretary General of the Syndicate of Lebanese Food Industries, said: "Industrialists t...

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