El Salvador is the first country in the world to authorize cryptocurrency in internal trade, yesterday the approval of the Senate which surprised all economic observers in the world. The news was in the air because the measure had already received the endorsement of President Nayib Bukele last June, and immediately transformed into law by [...]

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Between February 2020, the month that preceded the advent of the pandemic crisis, and May 2021, the overall stock of bank loans granted to Italian companies to tackle the economic crisis increased by € 37,1 billion, although guaranteed loans implemented with the interventions approved by the second Conte government are [...]

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Afghanistan possesses enormous and unspecified mineral riches: oil, iron, gold and precious gems, deposits of copper, lithium and rare earths. A countervalue, writes Il Sole24Ore, estimated by the Americans at three trillion dollars. The US withdrawal from the country, followed by that of coalition allies, is a tempting opportunity for those in [...]

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With the new Sostegni decree, which will hopefully be approved by next week, the Draghi government should provide 18 billion non-repayable contributions to companies and VAT numbers in economic difficulty. This amount will be added to the 27 billion in subsidies paid to businesses up to now in these 14 months [...]

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This week the CDM is expected to receive the 40 billion bis decree. Additional non-repayable contributions, 14 billion, will be provided for companies affected by the Covid crisis (those that have lost more than 30 percent), as well as guarantees on liquidity and incentives for restarting. There will also be new shopping vouchers and [...]

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We were already writing it in 1995. Why not take a lesson from the example offered by Germany in recent years? Because if our German friends have managed to make the process of unification with the former GDR the backbone of every economic and social policy, we cannot do the same with our South? It is unreasonable to think that [...]

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Thus in a note, the president of the Parliamentary Committee for the Security of the Republic - Copasir -, Raffaele Volpi highlighted the main topics on which the high Committee will continue to focus attention in the wake already traced in the course of 2020: "In look to the new year the Parliamentary Committee for the security of the Republic is preparing, [...]

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In appreciating the intensification of positions aimed at supporting an urgent modification of the European rules contained in the EBA guidelines on the new definition of "default", the Director General of ABI, Giovanni Sabatini, stressed that "Since September 2015, when the EBA started the activities aimed at defining the new [...]

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The information "International Activities" of the Council and the National Foundation of Accountants has been published, which analyzes the economic measures adopted at European and international level in response to the pandemic crisis. An Italian regime of 625 million euros approved by the European Commission to support tour operators and travel agencies affected by the Covid-19 pandemic The Council and [...]

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This is the first weekend in which the Christmas cashback makes its debut and although the start has been uphill, many operators and as many consumers are expressing great expectations towards this measure which, we recall, will also be operational in 2021 and 2022. However, the criticalities of this initiative are many and [...]

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The Recovery Fund chapter promises to be difficult and not easy and short to solve due to the crossed vetoes of Hungary, Holland and Poland. To the rescue, the ECB could buy government bonds until mid-2022. La Stampa reports the rumors gathered by Bloomberg according to which the next meeting of the ECB's Governing Council, [...]

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ARDeP - Association for the Reduction of Public Debt - in a press release launched a heartfelt appeal to politics: "yes to a patrimonial, as long as it affects only incongruous assets", which are those illegally realized and of which it is not possible to prove the origin. We learn from the press of the proposal to introduce a [...]

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(by Andrea Pinto) The economy minister Roberto Gualtieri yesterday lifted the veto placed by Italy on the reform of the Mes - European Stability Mechanism. Our country therefore gave the go-ahead to the Eurogroup, a forum made up of the treasury ministers of the 19 EU countries that use the euro. The chairman of the Budget Committee of [...]

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NHIndustries (JV consisting of Leonardo, Airbus Helicopters and GKN Fokker) and the NATO Agency NAHEMA (NATO Helicopter Management Agency), acting on behalf of the Armed Forces of Germany (Bundeswehr), have signed the contract for the acquisition of 31 helicopters naval multirole NH90 MRFH Sea Tiger. The operational activities of helicopters from naval units in Germany will be launched in [...]

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COVID-19 and the effects on companies over 50 employees: 87% suffered a reduction in turnover. 42% need to digitize to restart.

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(by Massimiliano D'Elia) Refinancing of measures already in force, such as social safety nets, reserved for the sectors most in crisis, bonus 100 euros, tax reduction in the South and the relaunch of Impresa 4.0. These are the main measures contained in the NaDef (update note to the Def). Basically, we continue on the same path while waiting for European funds [...]

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Ambitious budget maneuver without waiting for funds from the EU Recovery Plan

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Next week in the Council of Ministers the Update Note to the Def. Il Sole 24 Ore gives the first indiscretions. 8 will be the billions in 2021 and 13 in 2022 which are added to the mandatory expenses with unchanged balance for international missions, salaries of the Public Administration and energy expenses. [...]

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The Ministry of Economy and Finance, in a note, announces that it has entrusted BNP Paribas, Citigroup Global Markets Ltd, HSBC France, Monte dei Paschi di Siena Capital Services Banca per le Imprese SpA, NatWest Markets PLC and UniCredit SpA with the mandate for the syndicated placement of a new 10-year BTP benchmark - [...]

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The Parliamentary Committee for the safety of the Republic - Copasir - as part of the cycle of hearings on the insurance banking system heard from AISE, Banca d'Italia, Ivass, Ubi Banca, Mediobanca, Cassa Depositi e Prestiti. The Unicredit hearing is scheduled for Thursday. In the context of Copasir's competences relating to security and national interest, there is progressively [...]

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(by Massimiliano D'Elia) The EU Commission with the proposal of the Recovery Fund has put a total of 3.000 billion on the table of growth of the old continent: 1.100 billion made available in the next multi-year budget 2021-2027, 240 billion of the line health credit of the Mes, 200 billion in loans for small and medium-sized enterprises [...]

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(by Massimiliano D'Elia) Late yesterday evening the president of the Eurogroup Mario Centeno showed his appreciation, in reference to the speed of the timing and the amount of funding made available to counter the economic emergency: "I want to specify that the new lines of credit will not entail particular stigma, they are available to all countries in the euro area, [...]

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The total value of the assets seized and confiscated from the mafias amounts to 32 billion euros, equal to 1,8% of the Gross Domestic Product before the crisis induced by the pandemic. This is highlighted by Eurispes which proposes to create a holding company to better manage this heritage, "organized in close collaboration with the National Agency for Confiscated and Seized Assets [...]

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Japan is running for cover to combat social unrest following the Covid-19 pandemic. Next week the Japanese country has decided to launch a powerful economic maneuver, injecting almost 76 billion euros into the economy. They will be used to give a cash bonus of 860 euros to all resident citizens and foreigners, regardless of [...]

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(John Blackeye) The press conference of the President of the Council of Ministers was expected for about 20:30 and when the President Conte appeared on TV, millions of Italians were ready to memorize the new detailed indications on the behavior to be adopted to face the reopening of the company while it is still [...]

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The government will ask the two houses of Parliament for authorization for an additional deficit, which is considered indispensable for the maneuver of the records that will have effects on the accounts for the next twelve years. We are talking about 411,53 billion of additional debt between now and 2031, 112,6 billion only in 2020-2022, to which is added a footnote of 29,2 billion per year from 2032. He writes [...]

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The International Monetary Fund (IMF) last week estimated, due to Covid-19, a global contraction in GDP on average of about 9,7 percentage points, for Italy 9,1 percent. Yesterday the Parliamentary Budget Office, writes the Republic, began to leak the amount of revenue (tax revenue) that could be missing from the coffers of [...]

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While in Italy we are starting to think of measures for a probable relaxation of movement restrictions, the president of the EU Commission, Ursula von der Leyen yesterday wanted to approve general "guidelines" for the exit of the various countries from the lockdown. Guidelines not shared with other countries, especially with Italy, where the virus has [...]

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(by Massimiliano D'Elia) Nations, under normal conditions, thrive in the belief that their institutions are able to manage disasters, stop their impact and restore stability. When the pandemic due to Covid-19 ends, the institutions of many countries will go into crisis because they will have realized that they have failed in their mission. The reality is [...]

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(by Francesca Zambuco - lawyer and AIDR partner) Italy was the first European country to be overwhelmed by the pandemic, but it risks being the last to intervene in support of businesses and to protect national strategic assets with dramatic consequences on the post - coronavirus. One month after the adoption of the first provision for [...]

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(by Dr. Riccardo Pastore) The crisis generated by COVID-19 seems to have a unique force, even greater than that of 2008. The reason for this uniqueness lies in the fact that the almost general block of activities wears down the resources of businesses and families " from within ”and the flows to the banks decrease. In detail, it happens that companies burn liquidity [...]

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"#Coronavirus emergency, there are three interconnected risk factors that afflict all countries, from health to economic and social. The country that manages to mitigate risk levels in the best possible way will win the future ”. Thus in an article published by Eurispet.it Magazine, General Pasquale Preziosa, President of the Eurispes Security Observatory, [...]

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The ABI Presidential Committee, meeting under the presidency of Antonio Patuelli, approved the document that will be delivered to the Government at the meeting this afternoon. ABI is committed to and urges urgent measures to counter the slowdown in the economy and favor businesses in relations with banks, in addition to the suspension of mortgages in areas in emergency. [...]

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(by John Blackeye) On the issue of Coronavirus another question arises spontaneously. But are we sure we need a contingency plan for the economy? Or rather do we need a health emergency plan? It almost seems that seizing the moment of extreme general confusion in which all attention is paid to the development of the epidemic [...]

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The Ipsos-Flair 2020 report presented at the CNEL. Pagnoncelli: Recovering the role of intermediate bodies “In this difficult moment, a great plan is needed to restart Italy. As emerges from the Ipsos-Flair Report, the country is split, people are disoriented and prey to emotion. We have to start from our strengths, resources and [...]

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If the coronavirus emergency were to spread out of all proportion in all the northern regions and last a few months, as many virology experts have hypothesized, the risk that a large part of the national economy will stop is quite probable. From the CGIA Studies Office they report that in Lombardy, Veneto, Emilia Romagna, Piedmont and Liguria half of the [...]

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Roberto Gualtieri on the sidelines of the meeting of the IMF and the World Bank and the G20 in Washington said at a press conference: "The reduction of the public debt is all the more credible the more realistic it is". Gualtieri is convinced that with the economic maneuver presented in Brussels, which has yet to pass the examination of the Parliament, [...]

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In a very interesting article, published by Difesa Online, General Pasquale Preziosa, former Chief of Staff of the Air Force, provides a detailed analysis, with many food for thought, on the need for Europe to implement inclusive and strategic in order to become a protagonist in the technological trajectory. An exercise that only the most [...] nations can aspire to.

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Laura Naka Antonelli on FOL highlighted the issue of German Bunds valued at 850 billion dollars, which could offer zero returns. This is the result of the zero interest rate era, caused by the expansive monetary policy of the ECB, which increasingly characterizes the government bond market of the Eurozone countries [...]

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The process of modifying the # ESM - European Stability Mechanism - started on 13 June and will end in December. The government, according to rumors of the majority in Parliament, would be ready to veto. As reported by AGI, the parliamentarians affirm: "This is a treaty that must also be ratified by Parliament and we [...]

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#Leonardo flies to the Paris Air Show (17-21 June) on the strength of a series of commercial successes and further progress on the industrial level. After important results in the helicopter sector, a consolidation of electronic activities and the creation of a cybersecurity division, Leonardo is also rapidly expanding its commercial presence around the world, opening offices [...]

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“I want to find that money now. #Conte and #Tria provide in some way ”, so Matteo #Salvini made his debut yesterday, while talking about the credits that the companies have left over from the Public Administration. (by Massimiliano D'Elia) The dry No to #minibot came directly from the Minister of Economy Giovanni Tria, from the president of the ECB, Mario [...]

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The CGIA flatly replies no, to the proposal made by the majority of #Government to pay the debts of the Public #Amministration with #minibots. "Are we joking? - begins the coordinator of the CGIA Studies Office Paolo #Zabeo - paying a supplier of a public body with a minibot would be like paying a creditor with a bill that [...]

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The pilot of the Japanese Air Force F-35A, lost at sea on the evening of Tuesday 9 April, during a training flight off the coast of northern Japan, had asked to stop the mission shortly before Misawa Air Base lost contact with the aircraft. The Japanese media reported it. The aircraft had disappeared [...]

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The banking associations of Austria, Croatia, Denmark, Germany, Italy, Luxembourg, Poland, Slovakia and Slovenia note that the articulated and detailed financial regulation entails for medium and small banks, in particular, disproportionate burdens and costs: over 80% of them are based in the states where these associations operate. Despite the reform package of [...]

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The US military is planning to carry out experiments to understand how 5G wireless technologies could improve communications, although their leaders fear that products made in China could expose US information to risk. "We are about to start a series of experiments to understand over what distances we can communicate", [...]

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Mise Undersecretary Michele Geraci told Bloomberg, as reported by Il Foglio, that "The memorandum with China speaks of telecommunications, not Huawei". The undersecretary was explicit: “5G has nothing to do with this MoU. Telecommunications are across the board, telecommunications is not the same as 5G, 5G is [...]

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The most anticipated decree (income and citizenship pension and "quota 100") is ready to be examined in pre-council on Tuesday 8 January and then goes on the agenda of the first useful Council of Ministers. The provision will take effect from 1 April and consists of two titles and 27 articles for one [...]

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Megan Green writes in the Financial Times that last year almost all economists spoke of synchronized global growth. Synchrosism, however, was not with the US economy where the recorded growth was far superior to other countries, thanks to fiscal stimuli. For 2019 Megan Green expects [...]

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According to reports from Adnkronos, the meeting of the heads of cabinet of the European Commission ended in Brussels in the late afternoon, convened to decide the agenda of the meeting of the college of commissioners which will meet on Wednesday 19 December. The negotiations between the Commission and the Italian government on changes to the maneuver, as far as we know, continue and therefore it is too early [...]

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This agreement further strengthens the partnership with Qatar Petroleum, expanding strategic cooperation on a global level Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President & CEO of Qatar Petroleum, and Claudio Descalzi, Eni's CEO, have signed today a sale and purchase agreement to allow Qatar Petroleum to acquire [...]

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There are 3,3 million "invisible workers" who every day go to the fields, construction sites, warehouses or homes of Italians to lend their work. Although unknown to INPS, Inail and the tax authorities, the economic effects that these subjects produce are important and very heavy. According to the latest estimates prepared by the CGIA Studies Office, [...]

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With a delegation from the ambassador Pasquale Quito Terracciano, confirming the participation of our country in the investment in Russia and in particular in the southern regions, Italy is present today at the Russian Investment Forum in Sochi on the Black Sea. The ambassador Terracciano, according to the program, will meet with the governors of the most virtuous regions such as Kaluga, Tatarstan [...]

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China's economic performance exceeds market expectations in 2017, but will the bullish moment continue into the new year? A moderation in GDP growth is the widespread opinion among global investors given a high basis of comparison, while a more balanced and sustainable economy should take shape more quickly. The Chinese economy totaled 82,7 [...]

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Leonardo has been awarded the most important project of the first tender in the Defense sector issued by the European Union as part of the “Preparatory Action on Defense Research” program. The selection of the OCEAN2020 military research project was conducted by the European Defense Agency on a competitive basis and will be finalized in a contractual form in the coming weeks. The team [...]

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The arena of Lucia Annunziata's program on Rai 3, 1/2 hour has become particularly hot today. The Minister of Economic Development Carlo Calenda spoke first, followed by the governor of Puglia Emiliano who was very critical of the State Regions report. So Emiliano: the Ministry of Economic Development is the most infiltrated by interests [...]

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According to what Zhou Xiaochuan, governor of the Central Bank, communicated to the G20 in Washington, the Chinese economy has grown with a regular trend and could confirm the 6,9% recorded in the first months of 2017. According to the governor, the strengths of the 'Chinese economy are currently represented by the rapid increase in exports and imports, by a [...]

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Illegal economy is worth 12,6% of GDP, only from drugs 11,8 billion euros The undeclared in Italy is not only constituted by tax evasion but by a flood of money that could avoid laughable budget laws, characterized by the rule of " short blanket ". The dark economy is drugs, prostitution, smuggling, tax evasion and illegal work [...]

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The 2017 Nobel Prize in Economics was awarded to Richard H. Thaler of the University of Chicago, father of behavioral economics. Thaler was awarded for his contributions to behavioral economics with this motivation of the Swedish academics: "he inserted psychologically realistic assumptions in the analyzes of economic decision-making, exploring the consequences of a limited rationality, [...]

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Avio Aero is a GE Aviation business that operates in the design, production and maintenance of components and systems for civil and military aeronautics. Today the company offers its customers innovative technological solutions to respond quickly to the continuous changes required by the market: additive manufacturing, rapid prototyping and cells dedicated to lean manufacturing of [...]

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