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23-Feb-18 16:57. By Giulia Lombardo | Comments (3)

Tourists love Italy

The just concluded year has been a year of records for Italian tourism. More than 50 million tourists visited Italy in 2017 generating €200 million in revenue, an increase of around 5 million visitors and €20 million from 2016. Italy is going against the trend in relation to the rest of Europe, because for the fourth consecutive year tourism recorded double-digit growth rates, especially in the southern regions.

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23-Feb-18 16:55. By Giulia Lombardo | Comments (2)

The growing "illegal" Italian economy

Confcooperative, an organisation representing Italian cooperatives, and Censis, a socio-economic research institute revealed in their last report that Italian illegal economy is growing fast. The report, entitled “Denied, irregular, drowned: The dark side of work” showed that between 2012 and 2015, legal employment fell by 2.1 percent, while the number of those working illegally in Italy soared by 6.3 percent.

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19-Jan-18 14:50. By Giulia Lombardo | Comments (2)

Eataly's new 40,000 sg ft venue in London

Good news for Italian food lovers: Eataly, the Italian food hall brand, is set to open a gigantic 40,000-square-feet venue in London’s Broadgate development this year. The news was reported by the Evening Standard but it’s difficult to put your finger on it, as many announcements have been made in the past regarding the opening of Eataly in London. Apparently, the “foodie theme park” will feature restaurants, shops and even professional lessons in preparing Italian dishes.

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19-Jan-18 14:48. By Giulia Lombardo | Comments (5)

The French love Italian Cheese

Italian cheese has beaten French cheese! A Coldiretti’s report based on data collected from Istat in the first seven months of the year, showed that the French have become the main consumers of Italian cheese. Exports to France have almost doubled (up by 94%) in a decade. The defeat of the most representative French products: Camembert, Brie, Roquefort and other local specialties is one of the effects of the 7% growth in exportation of Italian cheese abroad compared to last year, and the 84% increase over the last decade.

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19-Jan-18 14:46. By Giulia Lombardo | Comments (2)

March 2018 General Election

Italians are going to cast their votes next March. The previous premier, Matteo Renzi, stepped down after his electoral law proposal was rejected by the population in a referendum. Since then a new prime Minister Paolo Gentiloni, took his place and a new electoral law was passed, in late October, finding fierce opposition from the Five Star Movement which accused the new law of being rigged against them because it favoured parties which build alliances, something the Five Star Movement has always been against. The controversial electoral law is a mix of proportional representation and first-past-the-post voting.

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29-Nov-17 13:06. By Giulia Lombardo | Comments (4)

What is the true state of Italy's economy?

In Spring Italy will hold its general elections. A clear picture of the economic situation of the country is therefore needed more than ever, but the truth is deep-set, and when it comes to economy, difficult to discern. According to the European Commission Vice-President Jyrki Katainen, Italy's accounts are not improving. In his opinion Italians should know what the real economic situation is in their country. Italian economy seemed finally to get underway, thanks to a stronger-than-expected economic growth and low interest rates, which reduced the cost of Italy’s huge public debt. In September, Gentiloni’s government increased its GDP growth forecast for this year to 1.5 percent from 1.1 percent, and rose next year’s outlook to 1.5 per cent from 1.0 per cent. The budget, approved in October, included measures to raise youth employment, tackle poverty and encourage investments before the election in the spring. However, the budget deficit might be lowered to 1.6 per cent of gross domestic product (GDP) from a targeted 2.1 per cent this year, avoiding in this way painful pre-election belt-tightening measures.

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29-Nov-17 13:01. By Giulia Lombardo | Comments (1)

Discontent at World Cup failiure

The elimination from next year’s World Cup in Russia is going to have costly and long-lasting impact on Italian economy. It may cost the country about 1 billion euros. The daily business paper Il Sole 24 Ore, pointed out the expected lower revenue related to ad-sales during matches broadcast on TV and on the sponsorship of the national football selection in the years to come. The Italian team won’t play any official matches until the beginning of the qualifications for the next European Championship, after the summer 2018. That implies that other friendly matches will attract less interest and money at all levels, including sponsorship and television rights. The economic loss could be extended also to missed sales for travel operators organising holiday packages to Russia, and the profit made by betting companies, bars and restaurants across the country during the matches.

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06-Nov-17 14:28. By Giulia Lombardo | Comments (3)

Smartphone app spots fakes

A new smartphone app is going to protect made in Italy products by helping consumers spot the difference between genuine Italian products and foreign fakes. The app was created by non-profit organisation Reliabitaly and it can be used in Italy or abroad giving also information on how the item was made. Reliability has committed to reinvest 100 percent of revenues in the promotion of authentic made in Italy products, its aim being to combat fake Made in Italy. The app uses bar codes to determine whether a product has been verified by them as being of Italian origin. When users scan the item they also get more information about its production methods, including photos, videos and technical details.

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06-Nov-17 14:25. By Giulia Lombardo | Comments (3)

World Pasta Day

The 25 October is the World Pasta Day. This year the event reached Its 19th edition and took place in São Paulo, in Brazil, a country where pasta consumption is rapidly growing. The World Pasta Day was participated in by 250 representatives, pasta producers, institutions, scientists, journalists and food opinion leaders.

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06-Nov-17 14:24. By Giulia Lombardo | Comments (2)

Italy's salary gap between men and women is the lowest in the EU

Italy's salary gap between men and women is the lowest in the EU. It was revealed by Eurostat Publication “The life of women and men in Europe – a statistical portrait aimed at comparing women and men in their daily lives. It said that in 2015 women's average gross per-hour earnings were 16.3% lower for the EU as a hole. In Italy it was only 5.5% making it the lowest alongside that of Luxembourg.

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