Azimut-Illimity Bank: agreement on direct banking
Illimity will make banking products and services available to Azimut through Illimity's Banca Diretta digital platform
Spaxs-Banca Interprovinciale: ok to the merger, Illimity is born
The boards of Banca Interprovinciale and Spaxs have approved the merger by reverse incorporation - Corrado Passera's SPA disappears and the manager becomes CEO of the new company specializing in NPLs - Illimity will be listed on the AIM, but…
Spaxs buys Banca Interprovinciale: green light from the ECB and Bank of Italy
The ordinary and extraordinary shareholders' meeting of Spaxs for the approval of the business combination is called for 8 August
Spaxs acquires Banca Interprovinciale
Spax has signed an agreement aimed at implementing the Business Combination with Banca Interprovinciale - The agreement provides for the acquisition of 91,4% of the share capital of Banca Interprovinciale for a total value of approximately 51,2 million euro
Mps: forward with the plan, but the Passera proposal will be studied
The board of directors of the Sienese bank closed in the evening, after today the stock gained almost 13% on the stock market - The board has established that it will go ahead with the plan established in July by JP Morgan and…
Intesa Sanpaolo, suspects for fraud Passera and Bazoli
The investigation, closed in recent days, focuses on the period 2004-2008 - The alleged crime for Bazoli and Passera would be aggravated and continued fraud - According to the indictment, the institute would have made an entrepreneur subscribe to swap derivative instruments which he lit…
Telecom: Passera, the decision reached is bad
"The agreement reached for Telecom Italia is very bad". This is Passera's comment who uses Twitter to spread his thoughts after the agreement reached overnight between Telco shareholders, namely Telefonica, Intesa Sanpaolo, Mediobanca and Assicurazioni Generali.
Frequency auction, Passera: tender ready in 30-40 days
The Minister of Economic Development clarified that "the finalization of the tender and the specification will be activated immediately in order to complete the operation. It technically takes around 30-40 days for both the tender and the specification".
Grillo: "Pd and Pdl want Passera premier"
The leader of the 5 Star Movement: "Right and left were already allies before with Monti. They will still be allies with another prime minister: Corrado Passera" - The minister: "Not a word" - Meanwhile, Grillo and Casaleggio have reached…
Tav: definitive Turin-Lyon project completed
All the significant works of the cross-border section in Italy are concentrated in two municipalities: Susa and Chiomonte - The Turin-Lyon line in Italy will run through 12 km of deep tunnel and just over three km of surface works in the Piana…
Airports, the new national plan arrives: ok from Passera
The policy act "formulates a proposal for the identification of airports of national interest, which will constitute the strategic backbone on which to base the development of the sector in the coming years" - Those not of national interest "should be transferred to the Regions, who will evaluate the different…
National export plan presented: target 620 billion for 2015
The presentation was held today at the Ministry of Economic Development, in the presence of Prime Minister Mario Monti - The stated objective is to raise the 620 billion mark in exports in 2015, 145 billion more than in 2012 - Passera: "Export lever…
Berlusconi fails in the electoral agreement with the League which does not want him as prime minister
No electoral agreement between the PDL and the Lega, which does not want Berlusconi as prime minister - PDL hopes for a last-minute recovery but the road is uphill - The Passera case breaks out in the Centre, arguing with Casini on the list…
Senate: trust ok, but without the votes of the PDL, majority at risk
Tussle in the Senate, where confidence in the maxi-amendment on the bis development decree passes with just 127 votes in favor - Most of the Pdl senators leave the Chamber - Finocchiaro (Pd): "The Government no longer has a majority. I think Monti…
Project "Italian Wines in China"
Confirming the success of Italian wine products in China, the annual "Italian Wines in China" project will be inaugurated in Shanghai on November 26, with the aim of a deeper knowledge, diffusion and promotion of our brands.
Productivity, Plaice: 1,6 billion incentive may increase
The minister urges the social partners to find a definitive agreement on the ''reduction of automatisms, effective increases in productivity and valorisation of the second-level contract".
Italy-Israel: new collaboration on startups and high-tech
Italy and Israel have signed a partnership on the front of startup and high-tech companies, with the aim of strengthening the competitiveness of the Italian system following the example of the Israeli entrepreneurial fabric, among the most innovative in the world.
Fiat, Passera: bad move in Pomigliano
The minister then lingered on the changes to the Lingotto business plan: "Fiat's confirmation that it does not want to close plants in Italy is good news."
Productivity: companies divided, agreement postponed
A rift is created between the consolidated CGIL-Confindustria axis and the world of small businesses, banks and insurance companies. Passera and Fornero are calling for an efficient use of the funds made available for productivity wages. Mussari: "I'm confident", but the agreement…
Productivity, the final rush tomorrow but the CGIL holds back on the agreement
Tomorrow is the deadline for an agreement between the social partners. Progress has been made today but the CGIL is showing perplexity about how to adjust wages in relation to inflation and working hours. Difficult to sign the final agreement…
The Taranto and Piombino plants are on the edge of the precipice: for steel it is time for a turning point
The cycle of the Italian iron and steel miracle risks ending with the closure of the Taranto and Piombino plants - After the mistakes of public and private companies, it is time for a turning point for Italian steel that will preserve its excellence…
Parmalat, Procura di Parma investigates the Lag case and the headline flies on the hypothesis of delisting
The purchase of the American company Lag by the Colecchio company reeks of a conflict of interest to the Parma prosecutor who would have opened a file on the case - In Piazza Affari the hypothesis of a Parmalat delisting inflames the title it earns…
Development bis, the Government gives the green light to the decree
Digital agenda, start-ups, infrastructure, payments with electronic money and motor liability: these are the main chapters of the decree approved today by the Council of Ministers - With the new growth measures by Corrado Passera, the government of…
Postponement of the Development Decree, clash between Passera and Crickets
Today the Council of Ministers will not examine the latest package of measures developed by Corrado Passera, officially due to Monti's international commitments - However, a discussion is underway between Via Veneto and the Treasury on roofing:…
Fiat, Passera: badly reducing investments and postponing models
The minister at a conference at Bocconi: "Market shares in Europe and Italy suggest that investment decisions are not adequate enough" - The Government is working to find a "useful solution for the entire Italian system, starting…
Fiat's mission is to relaunch exports
The task that awaits the working group between Fiat and the government on the relaunch of the Turin group's exports is not easy, but it is of vital importance for the country, because the ideas and instruments resulting from this analysis will…
Technological start-ups, here is the lever of a new industrial policy and growth
The Passera decree is an opportunity for a turning point in industrial policy with an eye to innovation and development - It is not enough to give birth to new companies with high technological potential: they must be supported by concentrating resources on the most promising realities and aiming to…
Obligation to pay by debit card over 50 euros: the pros and cons
The provision that could make the use of ATMs mandatory for payments over 50 euros, present in the drafts of the Growth Decree - A useful tool in the fight against tax evasion - The ethical problems of such a…
Desk Italia, the new vehicle for attracting foreign investments
The draft of the growth-bis decree also includes Desk Italia, a new coordination table at the ministry of economic development with ICE and Invitalia to increase the attraction of productive investments from abroad.
Growth, work, taxes: this is the government's agenda
Today in the first Council of Ministers after the summer break, the Executive discussed the measures to be put in place in the coming months - Passera has already prepared a new development package - Fornero: "I will ask to lower taxes…
Airports: Passera's plan to halve them
On Minister Passera's table the project to reduce Italian airports and strengthen the major structures - Two new airports to be built: Viterbo and Naples Grazzanise - The question could already be addressed during the next Council…
Development Decree, part two: measures for the digital agenda and start-ups by September
The text being studied by Minister Passera is based on two fundamental provisions: the implementation of the digital agenda, which provides for the diffusion of basic broadband throughout the country by 2013, and the creation of a single fund…
Ilva, Court confirms the seizure. The house arrests have been revoked for 5 of the 8 arrested executives
In the morning the minister Corrado Passera had raised the alarm: "If we close Taranto, we will never reopen it" - Then the sentence of the Court of the Ionian capital: confirmed the seizure of 6 areas of the Ilva steel plant ordered by the investigating judge - Appointed…
Ilva, Passera: "If Taranto closes, it will never reopen"
The Minister for Economic Development intervened on the Ilva affair: "If those plants close, they will never reopen. There must be a commitment on the part of everyone not to close Taranto" - Meanwhile, the wait is growing to know the decision of the …
Development decree passes in the Senate: it is law with 216 votes in favour
From Palazzo Madama comes the definitive ok to the Development Decree - Only Italy of values opposes it - The news regarding incentives for building renovations, for ecological cars and for the payment of VAT.
Control room for internationalization: yesterday the first meeting
The Steering Committee for internationalization met yesterday under the chairmanship of Passera and Terzi, deliberating on the subject of: common strategy for promotional activities abroad; rationalization of the foreign network and coordination of the activities of Ministries, Regions,…
Tav: Masera resigns, Passera appoints Virano as head of the Italy-France group
On July 12, the expiry of Masera's mandate, now ex-president of the Italian delegation of the Turin-Lyon intergovernmental conference, was formalised. After an atmosphere of urgency, Minister Corrado Passa appointed Mario Virano as the new boss.
Tlc, Passera: first 3 billion package allocated for the digital agenda
In any case, "the number of projects that will be launched will be of far greater magnitude over time" - By 2013, a stop to the North-South digital divide.
France: "the Tav will be done". Minister Passera is in conversation today with his French counterpart
Paris stresses that the commitment with Italy on the project is not in question, but that a "new agreement is needed that takes into account the available funding, especially European". This was reported by a spokesman for the French Ministry of Transport. Interview today…
Moody's downgrade, Passera: "Unjustified and misleading decision"
After Moody's decision to downgrade Italy's sovereign credit rating to Baa2 from A3, Development Minister Passera harshly criticized the rating agency's judgment: "It does not recognize the concrete actions taken and initiated by the Government.
Passera on the Development decree: "Resources are few but we will make the best use of them"
The country needs more competitiveness and innovation - The development decree goes in this direction - Tax credits, 700-1.000 million in funds for those who invest in research - On the industrial strategy "we are looking at sector by sector" to evaluate "any interventions"…
Passera: after Imu no patrimonial, we will avoid the increase in VAT
Instead, the minister is cautious about the possibility of lightening the tax burden: "Reducing taxes to those who pay them is our goal, but it is unthinkable in the short term".
Development decree: provisions for exports
With the development decree, the new Fund for sustainable growth will be able to be used for the promotion of companies abroad and the attraction of foreign FDI. The ICE is strengthened and consortia for internationalization are born. There are no shocking news, but…
Passera, unlisted SMEs: access to the debt market will be easier
The measure envisaged in the next Development decree, according to a document filed by the minister in the commission, provides for "the extension also to unlisted companies that issue debt securities traded on regulated markets or multilateral trading systems, of the full…
Development decree, here are the new arrivals: how Monti wants to relaunch growth
The text should arrive at the Council of Ministers on Friday, but coverage is still being discussed - The most eagerly awaited novelty is the Fund for sustainable growth, which reorganizes the incentive system - Also on the table are…
Crisis, Passera: "Italy has already done everything necessary, but the road to growth is long"
"Italy has already done what was necessary to save itself, from a financial point of view, in recent months", said the minister for economic development, Corrado Passera, who added: "The road to growth it's still…
Diary of the earthquake: Minister Corrado Passera arrives in Finale Emilia tomorrow
DIARY OUT OF THE CHORUS - Tomorrow in Finale Emilia extraordinary council of Confindustria Emilia-Romagna, in the presence of the president Giorgio Squinzi and the minister Corrado Passera - Meanwhile 40 viable companies, but blocked by the decree which requires them to be…
Development: Passera, Crickets and the decree that doesn't exist
After a day of high tension due to the postponement of the Development decree, which yesterday was not even examined in the Council of Ministers, Grilli denies any clash within the Government: "Only great collaboration and a spirit of understanding" - Passera alle…
On development, first measures from Passera: unblock power plants, reorganization of incentives and minibonds
The minister will bring a first package of development measures to the next meeting of the CDM - Here are the main ones: green light for the construction of energy plants, reorganization of incentives and minibonds - In all, two or…
Confindustria Assembly, Passera to entrepreneurs: "The country expects a lot from you"
"The growth agenda we are working on touches all the points", continued the minister, adding that on the tax front "tangible and positive things will certainly be done".
Flounder: infrastructure for 100 billion by 2013, it can be done
Of these, "27,7 billion relate to projects approved by the CIPE, confirmed works and southern plan; 24,5 billion to works unblocked procedurally and ready for construction site between 2012 and 2013 (about 6,7 billion are still to be found); 50,9, XNUMX billion for identified works…
Passera: “The euro can do without Greece”
The Minister of Economic Development spoke on Raiuno in the morning, unbalancing himself on the hypothesis of Athens leaving the euro: "The matter was handled very badly, but the stability of the single currency is not in question" - On the downgrading of banks from…
Forum Ambrosetti, Minister Passera's adviser announces: "Tax credit for startups"
Alessandro Fusacchia, coordinator of the task force for innovative startups and adviser to the Minister of Economic Development Corrado Passera, spoke at the Ambrosetti Technology Forum: "Growth is not only work and capital, but above all research" - Incentives are in the works from…
The Minister of Economic Development Corrado Passera: "The country's social stability is at risk"
"The social and widespread unease linked to the lack of work in Italy is wider than what the statistics say": the alarm was raised on the state of the crisis by the Minister of Economic Development Corrado Passera, who is also bashing the EU:…
Minister Corrado Passera will also be at the Ambrosetti Technology Forum on Friday and Saturday
The European House Ambrosetti is organizing the first edition of the Technology Forum on Friday 11 and Saturday 12 May in Castelbrando (TV) - The theme will be innovation and business growth as the primary objective for the country's future -…
The worsening of the economy sends the Stock Exchange back to hell and widens the Btp-Bund spread
The poor performance of the Italian and European economy sends the Milan Stock Exchange (-2,6%) to hell, the eurozone's black shirt, and brings the spread back above 390 - Banks in hell - Rcs: Della Valle to attack ("The pact no longer exists") and the title…
Snam-Terna, Passera says no to the merger but Monti remains silent
"I have no merger project between Snam and Terna on my table", the Minister of Economic Development, Corrado Passera, once again ruled out the integration between the two networks after the spin-off of Snam from Eni - At the end of the month Dpcm,…
Banks and businesses tonight at Passera: credit crunch and payment release for the PA on the agenda
The credit crunch risk and the release of PA payments to businesses will be the crucial topics on the agenda of the meeting promoted for 18 pm today by the Minister of Economic Development Corrado Passera with the leaders of Confindustria and…
Def, the idea that is missing to revive growth
The Government's Economic-Financial Document confirms that the public finances are under control but does not contain the impetus for growth. We should have the courage to drastically cut unproductive public spending in order to radically cut taxes as well. Who…
Gasoline, Passera: "We will evaluate whether to partially go back"
As soon as the proceeds from the fight against tax evasion allow it, it will be possible to ease the weight on increases in excise duties - "We will consider whether to partially go back" on the decisions taken previously - "If there is a drop in the price of oil, it will…
Frequencies, yes to the amendment for the auction: clash between the PDL and the Government
Approved today in the Finance Committee in the Chamber of Deputies an amendment filed yesterday by the Government which requires the cancellation of the beauty contest - Only against PDL and Great South - Romans: "It is a serious fact: it will not allow Rai and Mediaset to participate…
TV frequencies, Passera: no beauty contest, yes to the auction
The Minister of Economic Development decides to cancel the beauty contest for TV frequencies, which will be unpacked and granted at different deadlines, waiting for the UN directives to sort out part of the TV traffic on the internet.
Financial Times alarm: possible new austerity for Italy
The British newspaper publishes a confidential document from the European Commission which states that "the Italian government should be ready to avoid any delay in the implementation of the measures and take further action if necessary" - Passera: "Enough of austerity, now we need…
Passera's five steps to relaunch the Italian economy
The super-minister explained his road map for the relaunch of the country system. Energy, business incentives, transport and payment of public administration debts to support the real economy.
Sapelli: for growth it is necessary to detax
Renegotiating Maastricht and returning to an intervention in the state, but with an Anglo-Saxon model of governance, and relaunching the presence of the non-profit in services are also other ways forward according to the professor of political economy of the State of…
Passera, Italy between recession and credit crunch: "There is a need for simplifications"
HEARING of the Minister of Economic Development in the Chamber - Italy will remain in recession for the whole of 2012 - The objectives for the next 12 months: to honor the debts of the Public Administration to companies and to invest in infrastructure - About Beauty…
Unicredit: 75 billion on the way for credit to businesses and families
Between now and 2015, Unicredit will guarantee loans for 40 billion to businesses, another 35 for families - A plan is also envisaged to encourage the internationalization of 15 companies - Ghizzoni: "There is distrust towards banks. We are willing to…
Tirrenia, Passera: "EU will reject privatisation"
The Minister of Economic Development in a hearing at the Senate Public Works Commission: "Tirrenia is an important and pressing dossier in terms of timing. The solution had begun and we are supporting and supporting it. I have to share the strong feeling that it does not…
Alitalia: the horrors of Italian capitalism
Gianni Dragoni in his latest book "Captains Courageous" traces the history of the Alitalia affair as a paradigm of the country's contradictions - From Colaninno to Marcegaglia, from Riva to Tronchetti, from Benetton to Gavio, Ligresti and Caltagirone: here are the 20 knights…
The incomes of the ministers from today online: the richest is the Minister of Justice Paola Severino
It is the transparency form desired by the Minister for Public Administration and Simplification, Filippo Patroni Griffi, who has also asked all administrations to promptly disclose the data relating to salaries exceeding 305 thousand euros per year.
Plaice: intolerable stalemate Municipalities on infrastructure
In the Industry commission of the Senate, which is examining the decree law on liberalisations, the minister would have referred to the difficulties created by some administrations for the location of the regasification terminals.
Gas emergency, Passera: critical situation but under control
The problem of gas consumption, which has risen to dizzying peaks, is addressed in a statement from the Gas Emergency and Monitoring Committee - The situation is critical, due to the drop in flows from France and Russia, but…
Liberalisations, Passera: second tranche if necessary
As for the Bankitalia's position on the possibility of doing more with banks, insurance companies and professionals, "we think we have taken a big step forward - added the minister - and no one will stop us from doing anything else if we...
Gasoline like gold, the fault of the 900s
The Italian Super is the most expensive in Europe - In the last 70 years, price increases have followed one another, linked to well-known events in our history: from the war in Ethiopia to the Vajont tragedy, from the Florence flood to the earthquake…
The Christmas deal: Edison to the French, Edipower to the Italians
The French have accepted the Italian proposal: Edf will acquire 50% of Transalpina d'Energia (safe for 61,3% of Edison) - Delmi will acquire 50% of Edipower held by Edison and 20% held by the Swiss Alpiq respectively for 600 And…
Edison, Delmi-EDF agreement at the door
The agreement provides for the passage of 30% of the energy company to the French and the entire Edipower to the national consortium led by A2A - The official communication could arrive as early as the morning, even if the price node does not seem to have been resolved yet.
TV frequencies: a third way between beauty contest and auction
While the League calls for the beauty contest and Italia dei Valori goes further with the aim of introducing the auction by legislative means, the Monti government is called to untie three knots: identifying the allocation mechanism, correctly evaluating the frequencies…
Intesa Sanpaolo, Beltratti: "Sorry to lose Passera, but independent decision"
"But I think it is an autonomous decision that reflects an ongoing context and debate" - These are the words pronounced by Andrea Beltratti, chairman of the management board of Intesa Sanpaolo, after the minister announced his intention to sell…
EU, development, environment, justice: the government explains itself
The ministers of the Monti team will be engaged in a series of hearings in the commissions of the House and Senate to illustrate the guidelines of the respective ministries and what are the programs and interventions they intend to launch - Also awaiting the…
Maneuver, Monti: measures for growth soon, Passera at work
On liberalization, "the resistance encountered will be overcome with determination" - Without this maneuver, "there would have been discontinuities in the state's ability to meet its commitments" - "Fornero has opened the construction site for work and social safety nets"…
Passera: resistance to liberalisations, but we will go all the way
The Minister of Economic Development and Infrastructure at the conference of the Confindustria Study Center: "The banks that have dedicated themselves to the real economy are now taking a crazy hit" - In short, "we are in a recession, if anyone still had doubts" - The effect…
Maneuver: the amendments in the Chamber are 1.300
Deposited today in the Budget and Finance committees of the Chamber - About half come from the League - No comment from the government - Passera: "We agree with the government not to express opinions of any kind".
Infrastructures, Passera: "Liberalize and grow towards Europe"
In a hearing before the Montecitorio Transport Commission, the minister underlined the need to "build a single European context in all sectors, especially in transport, and create spaces for common activity and common competition".
Passera: “We are definitely in danger of re-entering a recession”
From the states general of Confcommercio, the Minister of Economic Development and Infrastructure warns: "We must do everything to recover as quickly as possible" - The priority is "employment discomfort"
Intesa, Bazoli has convened the CDS for tomorrow in Turin to choose the new CEO: Cucchiani on pole
Countdown to the appointment of Corrado Passera's successor on the chair of CEO of the Intesa Sanpaolo group. In fact, President Giovanni Bazoli has convened the Supervisory Board for tomorrow in Turin, which is responsible for proposing the appointment.…
Intesa Sanpaolo, Passera: we need a different government
According to the manager, a more decisive Executive would be needed "especially on the growth front and on development projects" - As for the EBA tests on banks, "they penalize Spanish and Italian institutions compared to those in northern Europe".
Passera on S&P “we need hard facts”
The banker dwells on Italy's downgrading, speaks of an expected decision and identifies the way out of the crisis.
Passera (IntesaSanPaolo): the debt crisis does not undermine the soundness of Italian banks
The managing director of Intesa SanPaolo declared that, despite the crisis, the soundness of our country's credit institutions has not diminished in any way. Maneuver: it's okay to reduce the deficit, but we also need to reduce the debt and promote actions...
Passera: "Agreement penalized by market judgment on Italy, but the country is solid"
Gesture of trust on the part of the management, whose CEO and general managers each purchase the institute's securities for 500 million. On the group's accounts: "Despite a certainly unfavorable market situation, we have achieved results again in this first half-year…
Maneuver, Passera: "It's a good tax on annuities, but on transactions we need to understand".
According to the CEO of Intesa Sanpaolo, the provision on annuities "is positive" and represents "an alignment with what is happening throughout Europe" - As for Greece, he assures: Intesa will do its part on Greek debt securities.