Business

Industrial orders steepest drop since 2004

Industrial orders steepest drop since 2004 Industrial orders showed their steepest year-on-year drop in May since January 2004, 5.3%.

European Commission gets Alitalia reply

European Commission gets Alitalia reply The European Commission on Tuesday said it had received a response from the Italian government outlining why a 300-million-euro loan for state airline Alitalia should not be considered state aid.

Harley- Davidson buys MV Agusta

Harley- Davidson buys MV Agusta Harley-Davidson announced on Friday that it had agreed to buy the Italian motorcycling company MV Agusta for some 70 million euros.

Italy's public debt hits record high

Italy's public debt hits record high Italy's public debt rose for the fourth month in a row in April and set a new record high of 1,661.4 billion euros, the Bank of Italy said on Friday.

Fiat and BMW to join forces in targeted alliance

Fiat and BMW to join forces in targeted alliance Fiat and BMW signed a memorandum of understanding on Tuesday to develop a common platform for future models of their respective Alfa Romeo and Mini marques.

Fiat CEO Marchionne named Industry Leader of the Year

Fiat CEO Marchionne named Industry Leader of the Year Fiat CEO Sergio Marchionne has been named 2008 Industry Leader of the Year by Automotive News Europe magazine.

Fiat returns to Iran

Fiat returns to Iran Italian automaker Fiat is returning to Iran 30 years after the Islamic revolution, the Iranian press reported on Monday.

Prices for a week's holiday climb significantly

Prices for a week's holiday climb significantly Prices for a week's holiday for a family of four are significantly higher this year than last, especially for those staying in the city, according to a study by a consumer group.

New ICT project aims at foreign investors

New ICT project aims at foreign investors More than 20 projects in the field of Information and Communications Technologies (ICT) have been selected for a project to be promoted among principal foreign investors.

Consumer spending falls 2.7% in May

Consumer spending falls 2.7% in May Consumer spending fell for the seventh month in a row in May, down 2.7% in volume compared to the same month last year, and there are no indications of a reversal in trend in the near future, the Confcommercio retailers' association reported on Friday.

Alitalia layoff figures premature, company Chairman says

Alitalia layoff figures premature, company Chairman says A plan to save Italy's beleaguered national carrier Alitalia will entail ''sacrifices'', but it is too early to speculate on the number of layoffs that it will require, company Chairman Aristide Police said on Thursday.

Motorbike sales plunge in first quarter

Motorbike sales plunge in first quarter Motorbike sales plunged in the first quarter of 2008 and continued to fall in the following two months, a trend which some observers considered an indication of the economic crisis.

Producer prices in May make biggest jump since 2003

Producer prices in May make biggest jump since 2003 Producer prices in May leapt by 7.5%, the biggest year-on-year jump since January 2003, national statistics bureau Istat reported on Monday.

Inflation hits 3.8%, highest since July 1996

Inflation hits 3.8%, highest since July 1996 Italy's year-on-year inflation rate in June hit 3.8%, its highest since July 1996, national statistics bureau Istat reported on Monday.

Finmeccanicaæs projects in Tuscany

Finmeccanicaæs projects in Tuscany An accord signed Friday at Palazzo Bastogi by the president of the Tuscan Region, Claudio Martini, and Finmeccanica General Manager Pier Francesco Guarguaglini favours the development of all industry, but particularly those businesses in the advanced hi-tech sector.

Italan economy stalled, confindustria says

Italan economy stalled, confindustria says The Italian economy this year will be practically stalled with GDP rising by 0.1%, compared to 1.5% in 2007, the industrial employer's association Confindustria said on Thursday.

Alitalia: Air One 'still interested'

Alitalia: Air One 'still interested' Italy's largest private airline Air One is still interested in joining a takeover bid for ailing national carrier Alitalia.

Energy saving Tuscan business awarded

Energy saving Tuscan business awarded It is possible to reduce industrial water use in the textile sector by 40%. With this idea in mind, Italy (and Tuscany in particular) developed in the ''Prowater'' project, which was one of the four winners recognized by the European Commission for the best environmental projects in the 'Life' competition.

Industrial turnover growth at two-year high

Industrial turnover growth at two-year high The growth of Italy's industrial turnover hit a two-year high of 13.9% in April, Istat said Friday.

Parliament approves Alitalia loan

Parliament approves Alitalia loan The Senate on Thursday definitively approved a bill authorising a 300-million-euro loan to ailing national carrier Alitalia.