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Maverick · 02-26-2022, 06:10 PM

Economic boom in the Mediterranean
The Sinaia Tribune. 26th February, 2022.

The Cross-Mediterranean Economic Community, or in short CMEC, is a name most of us are well versed with. The economic partnership has now expanded across Mediterranean nations and has resulted in a steady growth of the Stoinian economy ever since. The success isn't only felt by Stoinia, but other nations as well. The Sallodesian Economic Statistics Bureau reported an increase of 3,8% and the Myrian Treasury reporting a 4,8% increase. It's speculated that other Mediterranean partners will find similar results following their entry to the economic community.

The Stoinian Bureau reported that since the Kingdom's co-founding of the community, the Stoinian GDP has grown with a whopping 6,2%. Coming closest in the past three decades to the historic 10,2% in the 3rd quarter of 1956. The numbers are a testament to the recent economic cooperation with fellow nations to create a large single market. Following the creation of CMEC, companies have broadened their markets throughout all member states. Most notably were the investments in the small island nation of Livana, which came to a convenient finish with the organisation's founding. With Stoinian companies fully embracing the role in expanding international markets such as Agro Mediterrana and AgriSeb. However, CMEC also consists of trans-pacific partners, most notably Snoland. There, following King Andrei's visit, Dolocia launched new factories and Royal Stoinian Airways spearheaded the new Condor flights from aerospace manufacturer SkyHopper. Blizzard Winds, a subsidiary of Stoic Airways, notable has become a significant newcomer already having transported thousands of Snovians and Hazelbrustians across the South Pacific. The airline alliance Azure World has also seen an increase in activity as the Mediterranean tourism sector enjoyed a spike in vacation trips.
It goes without saying that Stoinian companies have expanded their influence across the globe in the agricultural, automotive and aerospace sectors and are determined to maintain their newly claimed positions.

One might wonder if this economic rise won't turn against us? Afterall, tensions have begun to seemingly rise ever slow between the United States of Izaakia and the upcoming Concordia Entente. With nations such as Sallodesia holding close cultural and economic ties with the U.S.I., critics fear that once tensions escalate, the shared market will take a hefty toll. Hence why Stoinian companies have strengthened their positions within formally allied nations. The Stoinian, Myrian and Sallodesian manufacturing industries have greatly fortified their growing cooperation, shifting their focus from potentially risky investments to strengthening bonds with allies. Stoinian companies have done more so compared to other CMEC members such as Sallodesia and Myria. The Mediterranean Viticulture Group stands as the embodiment to strengthen such cooperation between vineyards on both shores of the Mediterranean. Aiming to form a united front into the Cordillian market.

Stoinia has chosen wisely to open its foreign policy towards amicable nations and now harvests the initial fruits from taking this bold choice. The coming year looks promising for Stoinia's economy as well as those of its allies. Perhaps the Mediterranean region will prove to be a shining beacon of prosperity for the entire South Pacific. Though there are still obstacles to overcome. Economists are lurking for any new deregulations in the socialist Pattevere which, despite its leftist ideology, also joined CMEC after its founding. Only the future can tell what lies ahead for the Mediterranean.

Pacifica: Myria, Sallodesia, Stoinia • A1-0: Stoinian Star Kingdom • Aurora: Kingdom of Threnebor

(This post was last modified: 03-11-2022, 08:24 PM by Maverick.)