For the new one Rome Fair, November will be a decisive month. For better or for worse. Thursday 3th of November, is in fact the day set for the membership of the shareholders - Chamber of Commerce, Region and Municipality, respectively owners of 59%, 9,8% and 21% of the parent company Investimenti, the remaining 9,8% in Lazio Innova - at the necessary and indispensable capital increase to allow the Fair to continue its business and pay its creditors.
It is 15 million, a significant figure yet not particularly high if we move with a view to relaunching. But it is in a situation of great uncertainty and tension that the appointment is reached. There arrived Rays, after repeated encouragement to the management committed to give the Fair a real pole-showcase role again for businesses and tourism, has not passed from words to deeds. Indeed, last week, at the previous meeting of the members, Virginia Raggi and her councilors did not show up. Dismay on the part of Lazio region that, with the president Nicola Zingaretti, is ready to give its ok to the capital increase but has somehow conditioned it to the green light of the Municipality of Rome and has been displaced by the new deadlock of the junta. Lively resented, then, is there Chamber of Commerce which has already resolved in favor of the increase, allocating a dowry of 10 millionmore than enough to cover your quota. It remains to cover the "slice" of the Municipality, those 3,5 million that Palazzo Senatorio has left in limbo, so as to trigger the reaction of the other two shareholders. In this long push and pull, surprise moves cannot be excluded, even going as far as bypassing the Municipality itself with a sensational hypothesis: the Region could take over the Campidoglio's shareholding in the capital of Investimenti.
Today's turning point is therefore fundamental and must also be understood in the light of the previous stages. Just last week, in fact, the municipal councilors for the Budget and the Participates, Andrea Mazzillo and Massimo Colomban, had issued a statement in which they essentially subordinated the ok of the Municipality to the approval of the industrial plan, claiming that they had not yet received it. Instead, it turns out that not only was the plan sent to all the shareholders last July but that the Municipality, precisely to facilitate the work of the newly arrived councilors and overwhelmed by a mountain of dossiers to be examined, had been sent the plan with the addition of a summary report to facilitate understanding.
The truth is that between July and November, the Raggi junta lost the Councilor for the Budget (Minenna, then replaced after various vicissitudes) along the way, so that the Fiera dossier passed to the Councilor Adriano Meloni (Economic Development) and from him rebounded to the one for the Participates, Colomban. A skill dribble anduncertainty which led Investimenti to promote a appeal to the Tar against the resolution with which in August the Municipality drastically reduced the cubature of the old Fairon the Christopher Columbus. Now the Capitol is asking for its withdrawal and threatening not to grant the recapitalization of the holding company until the obstacle has been removed.
Right on this point, one the crucial turning point will take place on November 9th, next Wednesday, when we know the response of the judges of the bankruptcy court on the arrangement with creditors opened by Investimenti for the Old Fair of Rome, which costs something like 22.000 euros a day in interest for loans granted at the time by the Banca di Roma (today Unicredit, led by Jean Pierre Mustier, committed to a severe plan of cuts and efficiencies ).
On the other side of the balance, positively, it should finally be remembered that November will also be the month of the premiere country presentation created by the sole administrator of Fiera di Roma, Pietro Piccinetti. On display will be theIran, from 22 to 26 November: companies and institutions will come to present themselves to promote trade relations and exchange between Italy and Iran. There will be ministers (of industry) and representatives of the world economy of a country with enormous potential, especially after the agreement reached on nuclear power with the USA, Russia and Europe. This is the first post-embargo demonstration outside the Iranian borders in the entire West, with a 360-degree presentation of the country.
The potential offered by the Iranian market is enormous: we are talking, for European companies, of an 800 billion dollar market. In Iran, according to data held by Fiera di Roma, 2020 airports and 80 hotels must be built by 3.500 and interest in Italian products is very strong. Italian companies have continued to be present in Iran even in the darkest moments and trade between the two countries has never stopped (1,2 billion dollars in 2014), with an Italy-Iran trade flow made up of: mechanics instrumental (57,9%), chemicals (8,4%), metallurgy and metal products (7,7%), electrical appliances (5,8%), rubber, plastics, building materials (5,3% ), pharmaceutical (4%), other (10,9%)”.
