Italy’s history as a unified state started in 1861, but its actual history began centuries earlier. Florentine poet Dante Alighieri already praised the virtues of the Belpaese (“beautiful country”) just before the Renaissance movement would turn cities such as Rome, Milan and Florence into the cradles of art and scientific inquiry that characterize Western civilization....
The Governing Council of the European Central bank announced yesterday 25 bp cut on interest rates. The rate on deposit thus goes down to 3.25%, while those on main and marginal operations reach 3.40% and 3.65% respectively, with the measure having effect from the 23rd of October. The decision was taken after a careful analysis...
This year seems very promising for southern European economies: for the first time in years, Greece, Spain and Italy have positive growth prospects, especially in comparison to other European countries. In fact, while France is expecting 1.1% GDP growth for this year, Germany is expected to close this year with a negative growth of -0.2%,...
Despite the adverse international context, Italian exports resist, giving an important boost to the Italian economy. This is the opinion of Matteo Zoppas, president of the Agency for the Internationalization of Italian firms, at the last Made in Italy Summit 2024, an event organized by Il Sole 24 Ore along with SkyTg24 and the Financial...
The famous credit rating agency, Moody’s, published a new report that reasserts the negative performance suffered by different European car manufacturers like Volkswagen, Stellantis, and BMW for this year. Low estimates for sales, profitability and cash-flow characterize the outlook for the whole 2024. According to the rating agency, a return to positive performance could be...
A recent meeting between Italian prime minister, Giorgia Meloni, and the CEO of Blackrock, Larry Fink, indicates a potential investment opportunity or the New York-based asset-management collosus. Blackrock already possesses shares of several Italian companies like UniCredit and Eni, and was allowed by the Italian government to own more than 3% of the shares of...
Le holding sono società che hanno come scopo principale detenere quote di altre società, in una dinamica chiamata «madre-figlia». Questo tipo di impostazione aziendale possiede diversi vantaggi amministrativi, fiscali e patrimoniali. Sebbene la responsabilità principale della holding è quella della gestione del patrimonio, esistono diversi tipi di holding che permettono una partecipazione maggiore all’attività operativa....
The German bank Commerzbank, the second biggest in the country and the one most preferred by medium-size businesses, is trying to defend itself from a potential acquisition by the Italian Unicredit by asking for alternative solutions to UBS and Goldman Sachs. Frankfurt sources talk about potential acquisitions by Commerzbank of its own capital. The situation...
According to Italy’s National Institute of Statistics (Istat), the Italian economy grew by 0.7% in 2023, more than what was estimated in 2021 and 2022. As a result, total GDP volumes stand higher than the historical highest achieved in 2007, before the financial crisis. Although this should be considered “good news”, as stated by Samy...
The latest Eurostat data show a decrease in inflation in Europe and the Eurozone. The April 2024 Eurozone inflation rate is stable at 2.4 per cent compared to March 2024. This period of recovery comes after a period of high inflation from raw materials and energy costs. The decrease and stabilisation of inflation is due...
