CashNews.co Central Powersports Distribution (CPD), an importer and distributor of European motorcycles and accessories, has partnered with Harvv to offer the first financing payment option for powersports dealers to buy parts and accessories. This collaboration introduces a flexible financing solution for CPD dealers, offering up to 90-day terms on dealer purchases. In June, SWM Italy […]
CashNews.co ROME (AP) — Italy approved new rules late Wednesday to put lucrative concessions for beach clubs up for bidding by June 2027, responding to pressing demands from the EU to open up the sector to new players. Under the new legislation by the right-wing government led by Giorgia Meloni, existing beach licenses would remain […]
CashNews.co By Giuseppe Fonte ROME (Reuters) – Italy has held off approval of a decree to sell a stake in Poste Italiane, people familiar with the matter told Reuters, following resistance from ruling and opposition parties to loosen the state’s grip on key public services. As part of its drive to sell state assets to […]
CashNews.co By Emilio Parodi MILAN (Reuters) -Shares in the Italian bank Monte dei Paschi di Siena fell as much as 10% on Wednesday, after a judge asked Milan prosecutors to investigate alleged fraud in relation to the bank’s rescue in 2017, according to a document seen by Reuters. Shares in the bailed-out Tuscan lender have […]
CashNews.co Tour boat passengers gawk at the town of Vernazza, one of the picturesque Cinque Terre villages along the Italian Riviera that are thronged by tourists during the high season (MARCO BERTORELLO) Overtourism, which is already causing headaches from Venice to the Italian Riviera, risks costing travellers dearly as Rome considers hiking the tourist tax […]
CashNews.co By Francesca Landini MILAN (Reuters) – Eni and Snam have launched Italy’s first carbon capture, transport and storage (CCS) project to help heavy polluting industries cut carbon dioxide (CO2) emissions, they said on Tuesday. CCS technology removes from the atmosphere CO2 produced by industrial processes or captures it at the point of emission and […]
CashNews.co European banks BayernLB, ING and Rabobank acted as mandated lead arrangers for the project financing through a club deal structure. The funding is split between a non-recourse senior debt of €127.4 million, VAT financing of €17.1 million and €45.1 million in letters of credit facilities for power purchase agreements (PPAs) and PV modules. “This […]
CashNews.co A “wholly-owned subsidiary” of ITA Airways (AZ, Rome Fiumicino) has achieved USD240 million in private credit financing from AIP Capital, a loan that is secured by three new A330-900N aircraft with Rolls-Royce Trent 7000 engines, the airline announced. In a statement on August 29, ITA Airways chairman Antonino Turicchi labelled the deal as another […]
CashNews.co MILAN, Sept. 3, 2024 /CNW/ — Enfinity Global Inc, a leader in renewable energy, today announced that it has closed € 189.6 million in financing for the construction of 157.1 MW in eight utility-scale solar power plants located in the regions of Lazio and Emilia Romagna (Italy), which are expected to become operational in 2025. […]
CashNews.co (.) ROME (Reuters) -Italy’s economy grew by 0.2% in the second quarter from the previous three months, national statistics bureau ISTAT said on Monday, confirming a preliminary estimate. On a year-on-year basis, second quarter gross domestic product (GDP) was confirmed at 0.9%. In January-March, the economy had grown by 0.3% on a quarterly basis […]