Financial Insights That Matter By Giselda Vagnoni ROME (Reuters) – Italy’s Prime Minister Giorgia Meloni said on Sunday she would lead the government responsibly until the end of its mandate as parliament debates a budget aimed at supporting the euro zone’s third-largest economy while trimming its debt. Rome, which was put under the EU’s excessive […]
Financial Insights That Matter ROME (Reuters) – Italy expects to be a central part of Stellantis’ future strategy and wants the Fiat automaker to safeguard the factories on its territory, Industry Minister Adolfo Urso said on Saturday. “There must be an assertive Italy plan within Stellantis’ industrial plan that protects national factories,” Urso told an […]
Financial Insights That Matter MILAN (Reuters) – The Italian economy will expand by 0.7% both this year and next, the country’s central bank said on Friday, cutting estimates made in October as the monthly flow of data continues to weaken. The projections are below those of the Italian government, which officially forecasts growth of 1.0% […]
Financial Insights That Matter The Virgin Galactic SpaceShipTwo space plane Unity and mothership flies above Spaceport America, near Truth and Consequences, New Mexico on July 11, 2021 (Patrick T. FALLON) US space company Virgin Galactic announced Thursday it is exploring the possibility of opening a new base in Italy, potentially bringing suborbital flights to tourists […]
Financial Insights That Matter FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era […]
Financial Insights That Matter This week, Italy announced plans to reduce capital gains taxes on cryptocurrency in the upcoming 2025 budget, which will be finalized later this month, according to Reuters. A previous proposal looked at increasing the capital gains tax on crypto from 26% to 42%. “The tax increase will be significantly reduced during […]
Financial Insights That Matter A long-term power purchase agreement (PPA) with an undisclosed international technology provider was secured for the projects. The financing was done through a club deal structure, with Dutch financial entities ING and Rabobank serving as lenders and mandated lead arrangers. The funding includes €114 million in non-recourse senior debt, alongside €51 […]
Financial Insights That Matter MILAN, Dec. 11, 2024 /PRNewswire/ — Enfinity Global Inc., a leader in renewable energy, has closed €165 million in financing aimed at building a portfolio of three utility-scale solar power plants with a combined capacity of 147 MW, located in Italy’s Lazio region. The projects are expected to be operational by […]
Financial Insights That Matter ROME (Reuters) – Italy will scale back plans to increase taxes on cryptocurrency capital gains, ruling politicians said on Tuesday, following criticism from the affected industry and rows within the party of the economy minister. “The tax increase will be significantly reduced during the parliamentary work,” lawmaker Giulio Centemero and Treasury […]
Financial Insights That Matter ROME (Reuters) – Italy’s Industry Minister Adolfo Urso announced a deal on Tuesday to avert 249 layoffs at suppliers to Stellantis, saying he hoped the breakthrough would help repair strained relations with the carmaker. Stellantis and Italy’s government have been at loggerheads for months, with politicians in Rome accusing Fiat’s parent […]