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Italy

Italy slides into recession

Italy has slipped into a recession for the first time in 11 years, the government reported after studying the effects of the conflict in Iraq, which hurt consumer confidence, and a sharp rise in the euro, which sapped strength from...

#economy#GDP#recession

New name for Mediofactoring

Mediofactoring, Italy’s largest factoring company, has changed its name to Intesa Mediofactoring spa. The new style will bring more uniformity…


Italian Industry Ministry to launch fund for SMEs investing...

"Promoting industrial districts on foreign markets is a way to internationalise and give new momentum to the Italian economy," said…


SACE returns to profit and announces new guarantee product...

In view of the uncertain prospects of the world economy, SACE, the Italian export-credit guarantee agency, plans to increase the…


SACE close to reopening export credit insurance cover for...

Businesses that want to invest in Iraq will once again be able to avail themselves of SACE (Export Credit Insurance…

#export credit insurance#SACE#trade


Banca Popolare di Sondrio in SME venture in Lombardy

The Italian bank Banca Popolare di Sondrio (Pop Sondrio) has concluded an agreement with Promos, the international operations division of…


Factoring and leasing company to raise Ђ241.8m through asset-backed...

Commercio e Finanza Leasing e Factoring SpA (CFLF), which is headquartered in Naples, is raising Ђ241.8 m through the planned…

#cash-flow#guarantee#insurance


Banca Ifis Results Improve

Banca Ifis, a factoring company listed on the Milan stock market, reported net profits of Ђ1,065,000 and a turnover of…

#Banca IFIS#bank


Italian Factors IFIS Committed to International Expansion

Giovanni Bossi, managing director of the Italian factoring company IFIS, yesterday confirmed its plans to enter the Milan Star index…

#bank#international#Italian factoring


Profit rises at UniCredit Factoring

Unicredit Factoring, the Italian company which is part of banking group UniCredito, closed the first half of 2002 with a…


IFIS Enjoys a Profitable 2001

IFIS, the Italian factoring company which recently became a bank, has closed 2001 with a steep rise in profitability. Its…


Rumours Persist Over Likelihood of Intesa/Unicredito Merger

Unicredito Italiano, Europe’s second largest banking group, is expected next week to unveil plans to merge five of its seven…

Intesa to Buy VUB

IntesaBci, Italy's largest banking group and owners of Comit Factoring, won the tender to buy Vseobecna Uverova Bank (VUB), Slovakia's…

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