"Promoting industrial districts on foreign markets is a way to internationalise and give new momentum to the Italian economy," said Adolfo Urso, deputy minister for industry and foreign trade.
In view of the uncertain prospects of the world economy, SACE, the Italian export-credit guarantee agency, plans to increase the number of guarantees given to Italian exporters.
Businesses that want to invest in Iraq will once again be able to avail themselves of SACE (Export Credit Insurance Agency) insurance cover, the Fifth Inter-ministerial Committee on Economic Programming (CIPE) Committee (the body that deals specif
The Italian bank Banca Popolare di Sondrio (Pop Sondrio) has concluded an agreement with Promos, the international operations division of the Milan chamber of commerce, to foster the development of Lombardy's small- and medium-sized businesses (SM
Commercio e Finanza Leasing e Factoring SpA (CFLF), which is headquartered in Naples, is raising Ђ241.8 m through the planned issue of asset-backed floating-rate notes to be issued by Maestrale S.r.l., a special-purpose entity.
Banca Ifis, a factoring company listed on the Milan stock market, reported net profits of Ђ1,065,000 and a turnover of Ђ187m in the third quarter of 2002.
Giovanni Bossi, managing director of the Italian factoring company IFIS, yesterday confirmed its plans to enter the Milan Star index in 2003.
Unicredit Factoring, the Italian company which is part of banking group UniCredito, closed the first half of 2002 with a turnover of Ђ3m and an earnings margin of Ђ10.6m.
IFIS, the Italian factoring company which recently became a bank, has closed 2001 with a steep rise in profitability.
Unicredito Italiano, Europe’s second largest banking group, is expected next week to unveil plans to merge five of its seven domestic commercial banks in order to streamline operations.
