Business news from Italy: archives - Page 30 of 36

Price of fuel drops and house prices rise

September 19, 2022September 19, 2022Deborah CaterLeave a Comment

The price of unleaded fuel drops to its lowest average price in 11 months. Meanwhile, house prices rise by 5.2% compared to last year.

gas-flame. energy import costs set to double

Italy’s energy import costs set to double

September 4, 2022September 4, 2022Deborah CaterLeave a Comment

Italy’s net energy import costs are set to more than double this year, the economy minister said. He added the warning, Rome cannot not spend indefinitely to cushion the blow on the economy.

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Italian government picks Certares offer for stake in ITA Airways

September 1, 2022September 1, 2022Deborah CaterLeave a Comment

Italy has picked a group led by U.S. private equity fund Certares, backed by Air France-KLM and Delta Air Lines Inc for exclusive talks on buying a majority stake in ITA Airways.

ration gas and elctricity Power blackouts due to heatwave

Need to ration gas and electricity if prices don’t fall, says Salvini

August 27, 2022August 27, 2022Deborah CaterLeave a Comment

The government must move fast to help Italian households and businesses hit by a record rise in gas and electricity prices amid the Ukraine war, League leader Matteo Salvini said on Friday. The only solution may be to ration gas and electricity.

Wine: 10% reduction in grape harvest

August 2, 2022August 2, 2022Deborah CaterLeave a Comment

The 2022 grape harvest in Italy kicks off at least seven days earlier than last year due to drought and heat over 40 degrees. The overly warm climate sees a cut in production by 10% nationwide.

Eni half-year profits up to €7.08 billion

July 29, 2022July 29, 2022Deborah CaterLeave a Comment

Italian energy giant Eni reports its adjusted net profit for the second quarter was €3.81 billion. This takes the half-year profit up to €7.08 billion as energy prices soar.

EU Economic Commissioner warns Italy to press ahead with reforms

July 27, 2022July 27, 2022Deborah CaterLeave a Comment

Italy’s next government cannot expect Brussels to renegotiate the fundamentals of a €200bn EU-funded Covid-19 recovery plan warns EU economic commissioner. Rome must stick to its reform pledges.

Gas supplies from Russia to Italy cut by a third

Gazprom cuts Italy’s gas supplies by a third

July 11, 2022July 11, 2022Deborah CaterLeave a Comment

The cut came on the same day Gazprom shut down the Nord Stream1 gas pipeline to Europe for 10 days, officially for maintenance.

Parmesan cheese, one of the fake 'Italian' foods

Fake ‘Made in Italy’ food products has global turnover of €120billion

June 13, 2022June 13, 2022Deborah CaterLeave a Comment

The global turnover of fake ‘Italian’ food products has risen to an annual €120 billion, Coldiretti farmers group said Monday. The most cloned culinary goods include Parmigiano and Grana Padano cheeses.

107% tariff on Italian pasta could see end of exports to US. Food inflation was 7.1% in May 2022

Food inflation rises by 7.1% in Italy

June 4, 2022June 4, 2022Deborah CaterLeave a Comment

Food inflation is affecting the entire food chain, agricultural entity Coldiretti states. Food prices rose by an average 7.1% in May, Istat figures show.