Business news from Italy: archives - Page 31 of 37

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.

Coalition reaches agreement on beach establishments

May 26, 2022May 26, 2022Deborah CaterLeave a Comment

The government coalition reached an agreement on the liberalization of Italy’s beach establishments. It is part of the reforms pledged by Italy in exchange for EU grants and low-interest loans.

Campari plans new bars to for its famous aperitifs

May 12, 2022May 12, 2022Deborah CaterLeave a Comment

Campari plans to open several flagship bars for its best-selling spirits in Europe and beyond. First quarter results showed higher sales due to soaring demand for Aperol and Campari.

Employment rose in March 2022 except for those aged under 25

May 2, 2022May 2, 2022Deborah CaterLeave a Comment

ISTAT reports Italy’s employment rate reached 59.9% in March. That equates to 23.04million people employed, the highest since this statistical series record started in 2004.

President Mattarella makes Labour Day speech

Labour Day Speech – President says “The goal is to have zero [workplace] deaths”

May 1, 2022May 1, 2022Deborah CaterLeave a Comment

Sergio Mattarella celebrates Labour Day on 1st May with a speech to parliament. He says the goal is to have zero workplace deaths. This comes after a spate on deaths over the last year. He also referenced the impact of the Russian war with Ukraine on the economy.

Train conductor wrongfully dismissed. Image: corriere.it

Enthusiastic Train Conductor Wrongfully Dismissed

April 26, 2022April 26, 2022Deborah CaterLeave a Comment

An Italian train conductor who issued 5,000 fines was wrongfully dismissed a court ruled. Francesco Bonanno was accused of terrorising passengers by working with ‘uncommon zeal’.