Business news from Italy: archives - Page 13 of 37

Finance Minister Giorgetti who defended the Senate approved 2025 budget. He has slammed EU budget rules as stupid and seseless. Budget bill for 2026 has amendments

Senate Approves 2025 Budget

December 29, 2024December 29, 2024Deborah CaterLeave a Comment

On Saturday, the Italian Senate passed the 2025 budget bill after a confidence vote requested by the government. It is now officially law. The €30 billion package, hailed by the government as “prudent” and “balanced,” has sparked sharp criticism from the centre-left opposition and dissent within the ruling coalition.

The 2025 Budget has been passed in the Lower House. Image - Italy's Ministry of Economy and Finance. Image credit: By Nicholas Gemini - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=19238297

Lower House Approves 2025 Budget Bill

December 22, 2024December 22, 2024Deborah CaterLeave a Comment

Italy’s Lower House approved the 2025 budget bill late on Friday with 211 votes in favour and 117 against. The package, totalling €30 billion in new measures, now heads to the Senate for final approval, expected on 28 December.

Employment growth under Meloni government

Employment Growth During Meloni Government

December 7, 2024December 7, 2024Deborah CaterLeave a Comment

Italy has seen significant employment growth during the first two years of Giorgia Meloni’s government, according to a report released by the CGIA Research Office on Saturday. The report reveals a net increase of 847,000 jobs since 2022, marking a 3.6% rise in overall employment.

Renfe acquires 33% stake in Arenaways. Photo credit: Johannes Plenio: https://www.pexels.com/photo/shallow-focus-photo-of-train-rail-1165994/

Renfe expands into Italy with stake in Arenaways

December 5, 2024December 5, 2024Deborah CaterLeave a Comment

Spain’s national rail operator, Renfe, is set to enter the Italian market after acquiring a 33% stake in Longitude Holdings, the parent company of the Turin-based private rail operator Arenaways.

Carlos Tavares. Alexander Migl, CC BY-SA 4.0 , via Wikimedia Commons

Stellantis shares drop 7% as CEO Carlos Tavares quits

December 2, 2024December 2, 2024Deborah CaterLeave a Comment

Stellantis shares fell 7% to €11.65 on Monday after CEO Carlos Tavares announced his immediate resignation.

Piaggio Ape vehicle By Xhienne - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=2160475

Piaggio moves production of iconic Ape vehicle to India

December 2, 2024December 2, 2024Deborah CaterLeave a Comment

After 76 years, Piaggio’s legendary Ape three-wheeled vehicle will no longer be produced in Italy. Manufacturing has been relocated to India, marking the end of an era for the Pontedera factory near Pisa, where the Ape was produced since its launch in 1948.