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Wednesday , March 22 2017
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Italy

SIgnificant growth in the value of Italian exports

growth in exports

ROME: Istat published the data regarding 2016. According to the analysis made by Fruitimprese, there was a substantial growth in the value of exports, which exceeded €4.75 billion, a 4.9% increase compared to 2015 and a record for the sector. Volumes exceeded 4.25 million tons, a 6.1% increase. The balance is slightly over €1 billion with a 43.6% increase compared ... Read More »

Italy: Third largest asparagus exporter in Europe

asparagus

ROME: Shipments to foreign countries continue to grow, a testament to the increasing popularity of asparagus in the past few years. In 2016, total asparagus exports exceeded 8,500 tons, 40% more than in the previous season. The value reached almost €29 million, 50% more than in 2015, also thanks to an average price of €3.40/kg, among the highest of the ... Read More »

Piazza Affari ends week slightly down

Piazza Affari ends week slightly down

MILAN: Things have gone well for almost all of Europe; raving about Italy’s January exports would be a tad over the top. But the more-than-13-point surge in exports of ‘Made in Italy’ products (better than Germany and France’s performance) has at least partially reassured the outlook for the entire Italian economy. With domestic demand still at weak levels, reduced growth ... Read More »

Italian February inflation rate revised up

italy

ROME: Italy’s main domestic price index (NIC) rose 0.4% on the month in February and increased 1.6% on the year, boosted by gains in fresh food prices, national statistics office ISTAT said on Wednesday, revising up preliminary estimates (of +0.3% on the month and +1.5% on the year). February’s annual inflation rate accelerated from a 1% increase on the year ... Read More »

Italy publishes tax rules implementing country-by-country reporting for large multinationals

Italy publishes tax rules implementing country-by-country reporting for large multinationals

ROME: Italy’s new rules on country-by-country reporting for large multinationals were published March 8, putting into effect obligations set out in action 13 of the 2015 OECD/G20 base erosion and profit shifting (BEPS) project. The rules, published by the Ministry of Economy and Finance, implement Italy’s country-by-country reporting obligation introduced in n. 208/2015. The new rules are also compliant with ... Read More »

Italy pays up at bond auction, sells top amount

Argentina to seek up to $1.5 billion in dollar bond auction

MILAN:  Italy’s borrowing costs rose at auction on Monday after the European Central Bank opened the door to a gradual phasing out of its extraordinary stimulus measures last week. Italy sold 9 billion euros ($9.6 billion) over four bonds, at the top of its planned issue range. It sold an October 2019 three-year bond at a gross 0.37 percent yield, ... Read More »

Italy introduces non-dom tax to attract wealthy individuals

Italy introduces non-dom tax to attract wealthy individuals

ROME: In a bid to attract wealthy individuals to relocate to the country, and high net worth Italian expats to return there, the Italian authorities have introduced a EUR100,000 (USD106,251) per year substitute tax on foreign income and gains for previous non-doms who declare Italy as their primary tax residence. According to the Italian Revenue Agency, “This favorable tax regime ... Read More »

Italy eager to be part of initiatives by India: Italian Trade Commissioner

India_Italy_Flags_iStock

ROME: Francesco Pensabene, Italian Trade Commissioner at the Embassy of Italy, finds Prime Minister Narendra Modi’s ‘Make in India’ initiative very ambitious and well directed. He says Italian companies are eager to be a part of it. “Italy is very much eager to actively participate in each and every initiative, which Indian government undertakes. ‘Make in India’ is an ambitious ... Read More »

Italy, Oman trade bodies sign MoU to strengthen bilateral trade

Oman Chamber of Commerce and Industry

MUSCAT: Oman Chamber of Commerce and Industry (OCCI) signed a memorandum of understanding (MoU) with the General Confederation of Italian Industry (GCII). The MoU was signed on the sidelines of Oman-Italy Business Forum 2017, which was held at Grand Millennium Hotel-Muscat. The memorandum aims to strengthen cooperation in the areas of bilateral trade between the Sultanate and Italy, benefit by ... Read More »

Italy’s gambling market rises 11.4% to €19.17b in 2016

Italy gambling market

ROME: Italy’s gambling industry generated revenues of €19.17 billion in 2016, representing a solid 11.4% improvement over the previous year’s figures. From that tally, the country’s slot machines accounted for €10.5 million of all gambling revenues, up by 10% compared to 2015, with the ubiquitous product proving a lucrative money spinner for the Italian government. Similar to the situation in ... Read More »

Italian wine exports to US all time high in 2016

Italian wine exports

ROME: Italian wine exports to the United States are at an all-time high in 2016, Italian wine producers recorded sales on the US market for €1.8 billion (+6% on a yearly basis) also thanks to a 4% increase in volumes. In particular, Prosecco saw the biggest improvement year over year while red wines posted a modest increase. The Italian government has ... Read More »

Italy stocks lower at closing of trade, Italy 40 lost 1.07%

Australia Markets

ROME: Italy stocks were lower after the close on Monday, as losses in the Technology, Financials and Oil & Gas sectors led shares lower. At the close in Milan, Italy 40 lost 1.07%. The best performers of the session on the Investing.com Italy 40 were Poste Italiane SpA (MI:PST), which rose 4.61% or 0.280 points to trade at 6.350 at ... Read More »

Italy GDP expands as estimated in Q4

gdp growth

ROME: Italy’s economy expanded as initially estimated in the fourth quarter, revised data from the statistical office Istat showed Friday. Gross domestic product grew 0.2 percent sequentially in the fourth quarter, slower than third quarter’s 0.3 percent increase. The rate was in line with the estimate published on February 14. Year-on-year, growth stabilized at 1 percent in the fourth quarter. ... Read More »

Italy urges to introduce carbon tax

Italy urges to introduce carbon tax

ROME: Italy is being urged to introduce a carbon tax and already has the legislation in place to support one. Introducing a carbon tax may help Italy to ease its financial problems, argued Gianni Silverstini, an Italian researcher and scientific director of the Kyoto Club (an NGO pushing government to meet greenhouse gas reduction targets), in a campaign post last ... Read More »

Italian firms seek potential growth in UAE

Italian firms seek potential growth in UAE

ABU DHABI: Italy remains the UAE’s third largest trade partner in Europe with shared interests in political and economic cooperation, despite the decline in Italian exports to the country last year attributed to unfavourable crude oil price trends, Valentina Setta, Consul-General, Italian General Consulate. “Bilateral relations between Italy and the UAE are excellent and this was confirmed by the recent ... Read More »

Italy shares high at closing of trade, Italy 40 rose 0.22%

employement rises

ROME: Italy equities were higher at the close on Tuesday, as gains in the Oil & Gas, Healthcare and Travel & Leisure sectors propelled shares higher. At the close in Milan, Italy 40 rose 0.22%. The biggest gainers of the session on the Investing.com Italy 40 were Banco Bpm (MI:BAMI), which rose 2.70% or 0.062 points to trade at 2.356 ... Read More »

Italy eyes to invest in Indian railways, will send delegation

Italy eyes to invest in Indian railways, will send delegation

NEW DEHLI: Italy is sending a 200-member delegation to India in April to scout for investment in railways and manufacturing, New Delhi’s envoy said, ending a hiatus in ties caused by the row over the arrest of Italian marines. Indian envoy Anil Wadhwa said, “The business delegation’s visit is part of efforts to restart engagement under Prime Minister Narendra Modi’s ... Read More »

Italian exports to Russia declines in 2016, third consecutive decline

decline

ROME: Italian exports to Russia shrank again in 2016. Italian Trade Agency data show that Italian exports of goods and services to Russia amounted to €6.5 billion in the past 12 months, down from €7.1 billion in 2015. This is the third consecutive decline since in 2013 Italian exports to Moscow reached €10.8 billion. The decrease is due to the ... Read More »

Italian banks struggle to break free from soured debt cycle

banks

MILAN: Italian banks are stuck in what stressed-debt experts call purgatory, still forced to pay a heavy price for their past sins despite loan data that suggests they are turning a corner. The rate at which loans are souring hit an eight-year low last year, but banks still face some 8 billion euros ($8.5 billion) a year in fresh writedowns, ... Read More »

Italy’s TCH Cogeme drops plan to buy Slovenian car parts group

CONSUMER PRICE DROP

ROME: TCH Cogeme, part of Italian investment firm Palladio Holding Group, has dropped a plan to take over Slovenia’s car parts maker Cimos as agreed in October, Slovenian investment company Alta, which is representing TCH Cogeme, said on Monday. Cimos, which employs about 4,000 people in Slovenia, Croatia, Bosnia and Serbia, was put up for sale by Bank Asset Management ... Read More »