The Social Economic Fund yesterday inaugurated a modern olive press in the Nabatiyeh town of Yohomr in the presence of the head of the Agricultural Cooperative Association, Nasser Ellayk, and members of the coop. This comes as part of ‘Promoting local economies in Lebanon’ initiative funded by the EU. The project entails equipping the Cooperative with a 1.8-ton capacity apparatus for processing olive oil at a value of 48.270 euros to the end of completing the existing production line. This is expected to reduce the cost of production, improve oil quality, increase sales and raise income level, hence creating new jobs by nearly 20%. Also, it will contribute to mainstreaming the benefit and partnership among the 64 Coop members, as well as among some 7750 farmers, in addition to the economic and social empowerment of women who make about 50% of the total beneficiaries. (An Nahar, February 17, 2020)