Money Buzz! Europa

Category: Milan

  • The new 100% electric Citroen AMI, delivered door-to-door in Italy

    The new 100% electric Citroen AMI, delivered door-to-door in Italy

    GEFCO has become Citroen’s logistics partner in Italy for its innovative AMI-100% electric vehicle.

    Through the contract, GEFCO will manage transportation, post-production operations and warehousing, as well as door-to-door delivery and handover to consumers.

    GEFCO will receive the Citroen AMI at its compound in Guasticce (Livorno), where all the post-production operations required are carried out.

    In addition, the company will provide numerous storage facilities for Citroen AMI vehicles awaiting delivery across Italy.

    The post-production phase includes washing, fluid checks, setup, installation of accessories, and fine-tuning of the MY AMI POP and MY AMI VIBEpack configurations.

    Through the partnership, GEFCO will also provide home deliveries. All delivery drivers have been trained to distribute and explain the vehicle to enable customers to make immediate use of every feature.

  • Italian fashion retailers registered sales of USD 6 billion in China

    Italian fashion retailers registered sales of USD 6 billion in China

    Italian fashion retailers exported more than USD 6 billion worth of products to China in the first half of the year, according to data on the first half of the year published by Beijing ITA.

    Italian producers surpass, for the first time in history, French competitors on the Chinese market.

    In the first six months of 2021, Chinese imports from the world fashion market increased by 46%, and exports of Made in Italy products to China almost doubled (+ 96%).

    Italy reached a share of the Chinese fashion market of 12%, followed by French companies (11%).

    China also imports fashion products from Asian countries, with the largest markets being Japan (imports of $ 5.1 billion), Vietnam ($ 5 billion) and South Korea ($ 3.6 billion).

  • Immofinanz adds Italy to its Stop Shop retail park portfolio

    Immofinanz adds Italy to its Stop Shop retail park portfolio

    Immofinanz‘s first acquisition in this country is the fully occupied Parco Fiore in the north Italian city of San Fior with roughly 27.000 sqm of rentable space.

    The retail park, which was completed in two phases during 2017 and 2019, had a sale price of approximately EUR 35.0 million.

    Stop Shop San Fior is located 37 kilometers north of Treviso and 60 kilometers north of Venice, in the heart of the Veneto region.

    Tenant mix include international retailers like C&A, Takko, MediaWorld, Decathlon, Roadhouse Grill and Burger King plus well-known Italian brands.

    The remaining term of the rental agreements (WAULT) totals roughly 7,7 years.

    Immofinanz‘s Stop Shop portfolio includes 99 retail parks in ten countries: Slovakia (16), Slovenia (14), Hungary (14), Serbia (14), Austria (13), Czech Republic (12), Poland (10), Croatia (4), Italy (1) and Romania (1).

  • Covid-19 pandemic pushed another million people to the brink of poverty in Italy

    Covid-19 pandemic pushed another million people to the brink of poverty in Italy

    COVID-19 pandemic sent another million people in Italy below the poverty line last year, according to a survey published on Thursday by ISTAT, AFP reports.

    The number of those below this threshold has reached 5.6 million – a record in the last 15 years -, ie 9.4% of the population, compared to 7.7% in 2019.

    The percentage far exceeds the poverty rate recorded at the beginning of the financial crisis in 2008 (3%).

    Poverty growth has been particularly sharp in the rich north of Italy, where 720,000 people have become among those whose monthly spending is below the threshold considered minimal in terms of living conditions.

    In the north, the poverty rate reached 9.4% compared to 6.8% in 2019.

    Absolute poverty line differs in Italy from one region to another, going from 839.75 euro / month for a single person in a northern metropolitan area to 566.49 euro / month in a small southern town.

    The south keeps the highest percentage of people below the poverty line, 11.1% of the population compared to 10.1% in 2019.

  • Four Seasons and Omnam Group to build a resort in Southern Italy

    Four Seasons and Omnam Group to build a resort in Southern Italy

    Four Seasons Hotels and Omnam Group, a global real estate firm, announce plans for a brand-new resort in Puglia, on the coastal region of southern Italy.

    Located on a pristine beachfront property, the upcoming Four Seasons property in Puglia will be comprised of 150 rooms and suites.

    Accommodations will be housed in villa-style units, all facing the sea, and is being designed by HKS Architects, while interior design is being led by ODA Architecture.

    Additional onsite facilities will include six restaurant and bar offerings, including an all-day restaurant, a specialty restaurant, a seasonal pool bar and grill, a lobby lounge bar, a signature bar and a beach club.

    The resort will also include extensive meeting and event spaces including a ballroom and smaller meeting rooms in a designated building, as well as additional outdoor event offerings.

    Even more, Four Seasons resort will have a spa, fitness centre, 10 treatment rooms, hammam, sauna, pool and yoga studio.

  • Enel revenues down 15.3 billion euros last year compared with 2019

    Enel revenues down 15.3 billion euros last year compared with 2019

    Enel revenues amounted to 65.0 billion euros, down 15.3 billion euros (-19.1%) compared with the 80.3 billion euros posted in 2019.

    The change is mainly attributable to lower revenues in end-user markets, caused by lower sales of gas and electricity in Spain and Italy, mostly due to the effects of the COVID-19 outbreak.

    EBITDA amounted to 17.9 billion euros, in line with 2019. 

    The number of employees at the end of 2020 was 66,717 (68,253 at the end of 2019).

    During 2020, the Enel Group produced a total of 207.1 TWh of electricity (229.1 TWh in 2019), distributed 484.6 TWh on its networks (507.3 TWh in 2019[3]) and sold 298.2 TWh (322.0[4] TWh in 2019).

    Outside Italy, the Enel Group produced in 2020 164.6 TWh of electricity (182.2 TWh in 2019), distributed 271.0 TWh (279.6[5] TWh in 2019) and sold 208.0 TWh (224.5 TWh in 2019).

  • Enel Green Power built a record 3,106 MW of renewable capacity in 2020

    Enel Green Power built a record 3,106 MW of renewable capacity in 2020

    Enel Green Power has set a new record in 2020 by building 3,106 MW of new renewable capacity all over the world, 77 MW more (+2.5%) compared to the renewable capacity built in 2019.

    The new renewable capacity built by Enel Green Power in 2020 includes around 46 facilities, mainly wind (2,284 MW) and solar (803 MW).

    Furthermore, the company refurbished and repowered about 1.2 GW of plants in operation (250 MW wind, 847 MW hydro and 73 MW geothermal) over the course of the year.

    This new capacity is distributed as follows:

    • 508 MW in Europe, mainly in Spain;
    • 879 MW in Latin America, mainly in Brazil;
    • 1,386 MW in North America, mainly in the United States;
    • 333 MW in Africa, Asia and Oceania.

    Enel Green Power now manages around 49 GW of total renewable capacity and is the largest private renewable player at global level.

  • Enel X will provide Bogota with 401 electric buses and two new electroterminals

    Enel X will provide Bogota with 401 electric buses and two new electroterminals

    Enel X was awarded by Bogota’s bus rapid transit system Transmilenioa contract to provide the Colombian capital’s Integrated Public Transport System with 401 full-electric buses and two brand new electroterminals for their charging.

    This award, which follows the contract signed at the end of 2019 with SITP for the construction of four electro-terminals that is currently ongoing, will bring to around 900 the number of e-buses served by Enel X in Bogota.

    Bogota is the second Latin American mega city – after Santiago de Chile – to benefit from a zero-emissions public transport initiative promoted by Enel X.

    This award brings the number of e-buses managed by Enel X globally to almost 1,400.

    The electric buses, which will be manufactured by the Chinese automakers BYD and are expected to be delivered to Bogota between the end of 2021 and early 2022.

    It will be charged with clean energy, coming from 100% renewable sources at the electroterminals built by Enel X.

    The buses will be equipped with security cameras, wi-fi and USB recharging hubs in order to provide a comfortable, sustainable and high quality service to all passengers.

    The two electroterminals, which are expected to be operational between November 2021 and April 2022, will be built in two different areas of Bogota (Usme and Fontibon) and will include approximately 200 e-bus chargers.

  • Intesa Sanpaolo wins ”Bank of the Year in Western Europe” award

    Intesa Sanpaolo wins ”Bank of the Year in Western Europe” award

    Intesa Sanpaolo has been awarded as ”Bank of the Year in Western Europe” and „Bank of the Year in Italy” by The Banker, the specialist publication of the Financial Times Group.

    The award marks the first time that an Italian bank has received the recognition as best bank in Western Europe.

    In its selection, The Banker’s panel of international judges considered Intesa Sanpaolo’s strong financial performance and the successful merger with UBI Banca.

    The panel gave particular importance to the vital role Intesa Sanpaolo has played in supporting the Italian economy and society throughout the COVID-19 pandemic.

  • 69% less foreign tourists arrived in Italy in the first nine months of this year

    69% less foreign tourists arrived in Italy in the first nine months of this year

    In the first nine months of this year, the number of foreign tourists fell by 69%, sending the Italian tourism sector in a ”deep shock”, Reuters reports.

    The number of domestic tourists also fell over the summer, according to Istat.

    Most foreign tourists came to Italy from Germany (47%), while from the US there were almost no visitors.

    The hardest hit regions were the cities and towns on the Mediterranean coast, which saw a 96% decline in foreign tourists in April compared to a similar period in 2019.

    Mountain regions reported a drop of only 9% during the summer.

    The impact of the pandemic on the Italian tourism industry could reach 100 billion euros ($ 118 billion) this year, well above previous estimates, according to recently published studies by tourism groups Confiturismo and Assoturismo.

    The amount represents over 6% of Italy’s GDP at the end of last year.

  • Enel X reached more than 90,000 charging points on Juicepass App

    Enel X reached more than 90,000 charging points on Juicepass App

    Enel X further expands its electric vehicle charging network to more than 90,000 public charging points available to users of its JuicePass app.

    At the beginning of 2020 the network had around 10,000 charging points.

    Enel X has more than 12,500 charging points installed throughout Europe while the accessible network has been further enabled through interoperability via Hubject’s e-mobility platform.

    Interoperability allows Enel X JuicePass app users to charge their EVs throughout Europe with a single sign-on, without entering into new contracts with different providers.

    This network that now includes more than 90,000 public charging points, including alternating current (AC) charging up to 43kW, direct current (DC) fast charging up to 50kW, and High Power Charging (above 100kW) technologies.

  • 5.4 million Italians signed up to a scheme which offers a 10% refund for card payments

    5.4 million Italians signed up to a scheme which offers a 10% refund for card payments

    More than 5.4 million Italians have signed up to a government scheme which offers a 10% refund for card payments in stores by the end of the year.

    This action is an attempt by authorities to reduce tax evasion and help retailers affected by the coronavirus pandemic (COVID-19), reports Reuters.

    The ”cashback” initiative will officially start next month, but the pilot program began on December 8 and lasts until the end of the year.

    The scheme, which allows savings of up to 150 euros, has already attracted 10% of the adult population.

    ”Cashback” program will be doubled from January 1, 2021 by an ”invoice-based lottery” and a prize of 1,500 euros for 100,000 people who have the highest number of card purchases in a period of six months.

    Prime Minister Giuseppe Conte’s government estimates that the use of card payments will reduce tax evasion, estimated by the Ministry of Finance at almost 109 billion euros a year.

    Analysts believe that Italy has the largest tax evasion in the European Union.