Wednesday, December 31, 2014

Welcome 2015: shoot rising tolls – Today

ROME – From January 1, 2015 comes the blow Fisco license plate. and between many increases coming There are also those tolls motorway. The average increase for the entire motorway network will be 1.32%, but for some highways will come to pay 1.5% more. This was communicated to the Ministry of Infrastructure and Transport.

As of January 2015, “in implementation of the provisions in the existing concession agreements entered into by Anas now Ministry of Infrastructure and Transport with the Concessionaires of highways, as well as by current legislation, ripen specific adaptations of motorway tolls to be determined pursuant to the pricing formulas laid down in instruments conventional approved and in force, “says the ministry.

The Ministry of Infrastructure and Transport, together with the Ministry of Economy and Finance” considered a priority objective of public interest to adopt all appropriate measures to allow overcoming the negative economic and financial environment and considers the calmierizzazione of tariff adjustments for the year 2015 , by 1.5%, a extent necessary for the achievement of this objective. This measure, however, not to hinder the completion of the planned investments, must necessarily fit into the context of our concessions as well as today signed and binding on the parties. ”

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Highways, taking increases 1.32%. Gasoline not salt – Quotidiano.net

Rome, December 31, 2014 – Highways saltier tomorrow. Triggered by the first of the year adjustments toll the extent weighted average 1.32% for the entire network. This was announced by MIT, explaining that together with the Ministry of Economy has been considered “priority of public interest to adopt all appropriate measures to allow overcoming the negative economic and financial environment and considers the calmierizzazione of tariff adjustments for the year 2015 by 1.5% , a measure necessary “to achieve the goal.

” The average increase motorway tariffs remains under ‘ inflation target “, commented on Twitter Minister of Infrastructure and Transportation, Maurizio Lupi . “They continue in 2015 discounts of 20% for commuters.”

HIGHWAYS – From Mit emphasize that the increases under 5 cents will not be applied. Here is a card with the corresponding adjustments of motorway tolls:

 - Asti-Cuneo 0.00% – 1.50% ATIVA – Autostrade for Italy 1.46% – Brenner motorway 0.00% – 1.50% Autovie Veneto – Brescia-Padova 1.50% – Consortium Highways Sicilian 0.00% – 1.50% CAV – Center Padane 0.00% – 1.50% Autocamionale Cisa – Autostrada dei Fiori 1.50% – 1.50% Tangenziali Milan Milano Serravalle – Naples bypass 1.50 % – 1.50% RAV – SALT 1.50% – 1.50% SAT – Southern Highways (SAM) 0.00% – SATAP A4 Section 1.50% – SATAP A21 1.50% – 1.50 SAV % – 1.50% SITAF – Torino – Savona 1.50% – 1.50% of the Parks Highway.

FUEL, NO INCREASE – From January there will be no increase in excise duties on fuels , provided by the safeguard clause inserted in the decree of 2013. The IMU confirmed by sources of the Treasury. The amounts to be financed related to the safeguard clause were approximately 670 million for 2015 and 18 million by 2016.

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Highways, tomorrow increases 1.32%. Gasoline not salt – Quotidiano.net

Rome, December 31, 2014 – Highways saltier tomorrow. Triggered by the first of the year adjustments toll the extent weighted average 1.32% for the entire network. This was announced by MIT, explaining that together with the Ministry of Economy has been considered “priority of public interest to adopt all appropriate measures to allow overcoming the negative economic and financial environment and considers the calmierizzazione of tariff adjustments for the year 2015 by 1.5% , a measure necessary “to achieve the goal.

” The average increase motorway tariffs remains under ‘ inflation target “, commented on Twitter Minister of Infrastructure and Transportation, Maurizio Lupi . “They continue in 2015 discounts of 20% for commuters.”

HIGHWAYS – From Mit emphasize that the increases under 5 cents will not be applied. Here is a card with the corresponding adjustments of motorway tolls:

 - Asti-Cuneo 0.00% – 1.50% ATIVA – Autostrade for Italy 1.46% – Brenner motorway 0.00% – 1.50% Autovie Veneto – Brescia-Padova 1.50% – Consortium Highways Sicilian 0.00% – 1.50% CAV – Center Padane 0.00% – 1.50% Autocamionale Cisa – Autostrada dei Fiori 1.50% – 1.50% Tangenziali Milan Milano Serravalle – Naples bypass 1.50 % – 1.50% RAV – SALT 1.50% – 1.50% SAT – Southern Highways (SAM) 0.00% – SATAP A4 Section 1.50% – SATAP A21 1.50% – 1.50 SAV % – 1.50% SITAF – Torino – Savona 1.50% – 1.50% of the Parks Highway.

FUEL, NO INCREASE – From January there will be no increase in excise duties on fuels , provided by the safeguard clause inserted in the decree of 2013. The IMU confirmed by sources of the Treasury. The amounts to be financed related to the safeguard clause were approximately 670 million for 2015 and 18 million by 2016.

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Inflation toll highways, taking new increases – The Messenger

Since January 1, 2015 triggered adjustments to the tolls to the extent weighted average 1.32% for the entire network.

was announced by the MIT, explaining that together with the Ministry of Economy has been considered “priority of public interest to adopt all appropriate measures to allow overcoming the negative economic and financial environment and considers calmierizzazione the tariff adjustments for the year 2015 by 1.5%, a necessary measure “to achieve the goal.

tab. From Mit emphasize that the increases under 5 cents will not be applied. Here is a card with the corresponding adjustments of motorway tolls: – Asti-Cuneo 0.00% – 1.50% ATIVA – Autostrade for Italy 1.46% – 0.00% Brenner motorway – Autovie Veneto 1, 50% – Brescia-Padova 1.50% – 0.00% Sicilian Consortium Highways – CAV 1.50% – 0.00% Padane Center – Autocamionale Cisa 1.50% – 1.50% Autostrada dei Fiori – Milano Serravalle Milan Tangenziali 1.50% – Naples bypass 1.50% – 1.50% RAV – SALT 1.50% – 1.50% SAT – Southern Highways (SAM) 0.00% – 1.50% SATAP A4 Section – SATAP A21 1.50% – 1.50% SAV – SITAF 1.50% – Torino – Savona 1.50% – 1.50% of the Parks Highway.

No change A22, communicates now Brennerautobahn remembering that the tariff changes in the period 1996-2015 amounted to 36.14%, a value of 7 percentage points below the inflation rate. Confirmed then the facility for commuters: Brennerpass users will have a 20% bonus on “is working,” internal A22. The facility – the precise A22 – is tied exclusively apparatus Telepass Family (limited to vehicles of class A – cars, motorcycles) and is activated at the Centers Services A22, filling out the form is also posted on the company website. “Keep the attention of the A22 towards the territories, environmental aspects, innovation and the assurance of safety standards, but at the same time trying not to penalize excessively pockets of users, especially now that the crisis is feel for both businesses and families, “says CEO Walter Pardatscher.

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Istat, to stop recession. But unemployment continues to rise – BBC



Milan , December 30, 2014 – 17:31

     
     
 

” The downturn in the Italian economy is expected to stop in the next few months, in the presence of positive signals to domestic demand “: Istat a glimpse of the data released by the Note Monthly update on the country’s economy. How to say the recession should stop. Worryingly, however, the labor market. “The conditions of the labor market remain difficult,” added the Mayor, with the “unemployment rate in growth.”

“Substantial stationary growth”

In Italy, in the third quarter of 2014, economic activity continued to be weak. The gross product was still in decline (-0.1% on a cyclical basis) as a result of the contraction of dell’accentuarsi added value both in manufacturing and in the construction (respectively -0.6% and -1.1%) but in the presence of a stationarity in the services sector. Overall, the composite indicator forerunner of the Italian economy, concludes Istat, “confirms a substantially stable growth in the final quarter of the year.”

Unemployment worrying

The labor market, however, is undergoing a total stagnation. The most recent data of the labor force, the report says Istat, describe employment stable since the beginning of the year, with a further deterioration in October (-0.2% compared to the previous month). In the third quarter of the data referring to businesses with at least ten employees, relative to industry and services market, however, showed an increase in hours worked both in terms of total number of hours (+0.4 compared to the second quarter) and hours worked per employee (+ 0.3%). A similar trend was observed in industry excluding construction (+ 0.7% the number of hours, + 0.6% hours per employee), an industry that, at the same time, recorded a decrease in the effective remedy to Checkout integration (50.7 hours per thousand hours worked, a decrease of 10.9 hours compared to the same quarter of 2013). The stagnation of the Italian labor market was also reflected nell’and amento the vacancy rate: the seasonally adjusted data for the third quarter show that the indicator of labor demand remained anchored to the values ​​of beginning of the year. The unemployment rate has continued to rise: in October, the seasonally adjusted data showed growth of three-tenths of a point compared to September, reaching a maximum value of 13.2%, significantly more ‘higher than the European average (11.5 %).

Elongation period of unemployment

The growth in the unemployment rate is also visible in the data is not seasonally adjusted: in the third quarter there was an increase of five-tenths of a point compared to the same quarter of 2013. The trend is due to the growth of people seeking employment (+5, 8% increase in the trend) and between them is increased above the share of unemployed looking for their first job (+ 17.6%). The growth of people looking for work is accompanied however with prolonged periods of unemployment: the incidence of long-term unemployed (share of people looking for work for more than a year) has risen from 56 in the current year, 9% to 62.3%. This group of individuals, generally considered unattractive by the companies, is a factor preventing a drop in unemployment especially in the South. The growth of the unemployed has also added that people defined closer to the labor market (+ 8.3% over the same quarter of the previous year). Among the inactive also grew those who have actively sought work because they believe that he could not find it (discouraged workers, + 6.5%). Overall research workplace is characterized by contrasting elements: on the one hand new actors move in search of a job, the other people already on the market are experiencing increasing difficulties in finding a job.

December 30, 2014 | 17:31

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Istat: Italy out of recession but remains the emergency work – In Terris

Since last August onwards Italy has had to deal with the recession. But the nightmare, according to the latest monthly note ISTA, seems destined to end in the coming months. “The downturn is expected to stop with a recovery in consumption,” says the Institute of Statistics. Overall, “the composite indicator forerunner of the Italian economy confirms substantially stationary growth in the final quarter of the year,” explains always Istat. Remain critical, however, conditions in the labor market “with stagnant employment levels” and a growing number of people searching, fruitless, of a place.

He is remembered the “maximum value” and “substantially higher” rate of unemployment (13.2% in October) than the European average. And even large companies see shrink the workforce. Other ugly signs come soaring of long-term unemployment, with more than half of the unemployed (62.3%) which is more than a year. Could be defined term unemployed, a disease especially widespread in the South. Since oil price fall no positive effect Nothing benefits from the collapse in oil prices, at least for Italy. This is shown by a “simulation exercise” reported by ISTAT in the monthly note.

In general, “the fall in oil prices would have a limited effect expansive”, points out the Institute of statistics. In particular, the effect “for the euro area would be estimated at 0.1 and 0.3 tenths of a point, respectively, in 2015 and 2016. In 2015, the impact would be zero in Italy and Germany and equal to 1 tenth of a point in France and Spain “.Anzi, does this always Istat, falling prices for energy products could accentuate” disinflationary pressures with a negative impact on expectations. In this context, the most heavily indebted countries would face increase in the real cost of debt. “

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Crisis, Istat: End Recession nearby but employment will not restart – ilVelino / AGV NEWS

The Mayor sees the light at the end of the tunnel but the absence of work will remain a major problem even in 2015. The Notes Monthly update on the economy, the statistical institute ensures that “the contraction phase Italian economy is expected to stop in the next few months, in the presence of positive signals to domestic demand. ” But “the conditions of the labor market will remain weak, with employment levels and stagnant unemployment rate in growth.” And the third quarter of 2014 taken into account fully reflects this uncertainty, far from being unique, to the point that even a fall in oil prices would produce an expansionary effect only limited: in 2015 the impact would be nil in Ital y says Istat. Marked by a permanent weakness in economic activity continues to decline in fact the GDP (-0.1 percent), pulled down by the manufacturing sector (-0.6 percent) and construction (-1.1 percent).

instead remain stationary services. And so, even those aspects as the increases of capital goods and consumption are offset by reductions recorded in the intermediate goods and energy. That applies also to the industrial sales (+0.4 percent), where the recovery of domestic sales (+0.7) and exports on EU markets are riesciti to mitigate the decline to countries outside the EU EU (-1.8), caused by the difficulties of emerging economies and Asian countries. And if the construction sector continues to be marked by high variability, the retail trade is shown substantially stationary. While boosting confidence but – as for the rest – in sectors well in manufacturing and in retail trade, hurt in construction and services market. Result: Overall expectations are unchanged.

Although the labor market is presented with two faces, though – underlines the Istat – “going through a phase of overall stagnation”: decreases the effective remedy to layoffs but goes to October recorded a new worsening employment (down 0.2 percent from the previous month). Consequently, the unemployment rate continued to climb to 13.2 percent (the European average is 11.5). An increase mainly due to the increase in people seeking employment (+5.8 per cent) and the unemployed looking for their first job (17.6 percent). And to curb the use is also the “lead” consists of long-term unemployed, those who are looking for work for over a year increased by four percentage points, reaching 62.3 percent of the total. And being “considered unattractive by businesses,” recalls Istat, this “is a factor preventing a drop in unemployment especially in the South.”

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Tuesday, December 30, 2014

“Goodbye recession in 2015 but is unemployed alarm” – The Press

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 Economics

 
 Article taken from the edition on newsstands the day 31/12/2014 .

 

“Goodbye recession in 2015 but is unemployed alarm”

 

 Istat: in Italy the recovery is possible with industry and growth in the US

Again the year ended with the hopeful predictions of economists on the end of recession and hope, as the premier Renzi, who is really “the right time”. After praising the estimated recovery in Italy, raised from government, Confindustria and some international institutions, yesterday came out of the closet also Istat. “The downturn in the Italian economy is expected to stop in the next few months, in the presence of positive signals to domestic demand,” writes the Instit … more

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Istat: the end of the recession is near but unemployment rises – Rai News



The real sick continues to be the labor market still in a “difficult, with levels of occupations stagnant” and a growing number of people searching, fruitless, of a place. The collapse in oil prices also would have no positive effect for Italy

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Rome End of recession after all. It could be summed up as the last note monthly 2014 Istat on economic Italian. For the next few months, writes the Institute of Via Cesare Balbo, “the contraction phase is expected to stop” with a recovery in consumption, but the unemployment rate is still rising. The collapse in oil prices also would have no positive effect for Italy.

“Overall, the composite indicator forerunner of the Italian economy would confirm a basically flat growth in the final quarter of the year,” explains always Istat.

Critical conditions labor market
The real sick continues to be the labor market: still recognizes the Istat, in a “difficult, with occupancy levels stagnant” and a growing number of people searching, fruitless , of a place. Are reminded of the “maximum” and “substantially higher” rate of unemployment (13.2% in October) than the European average. And even large companies see shrink the workforce. Other ugly signs come soaring of long-term unemployment, with more than half of the unemployed (62.3%) which is more than a year. Could be defined term unemployed, a disease especially widespread in the South.

From oil price fall no positive effect Nothing
benefits from the collapse in oil prices, at least for the ‘Italy. This is shown by a “simulation exercise” reported by ISTAT in the monthly note. In general, “the fall in oil prices would have a limited effect expansive”, points out the Institute of Statistics. In particular, the effect “for the euro area would be estimated at 0.1 and 0.3 tenths of a point, respectively, in 2015 and 2016. In 2015, the impact would be nil in Italy and Germany and equal to one tenth of a point in France and Spain. ” Indeed, this is always the Istat, the decline in energy prices might increase “disinflationary pressures with a negative impact on expectations. In this context, the most heavily indebted countries would see increase the real cost of debt.”

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Istat, rising unemployment – The Time

++ WORK: YOUTH UNEMPLOYMENT February 31.9%, TOP 2004 ++

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 The labor market is undergoing a period of stagnation and the overall unemployment rate has continued to rise. And ‘what Istat, the monthly note on economic Italian. The most recent data of the labor force employment describe basically stable since the beginning of the year, with a further deterioration in October (-0.2% compared to the previous month). In the third quarter, data referring to firms with ten employees, related to industry, and market services, however, showed a growth of hours worked both in terms of total number of hours (+0.4 compared to II quarter) both of hours worked per employee (+ 0.3%). A similar trend was observed in industry excluding construction (+ 0.7% the number of hours, + 0.6% hours per employee), an industry that, at the same time, recorded a decrease in the effective remedy to Checkout integration (50.7 hours per thousand hours worked, a decrease of 10.9 hours compared to the same quarter of 2013). A simulation exercise carried ou t by Istat, indicates that the fall in oil prices would have a limited effect expansive. For the euro area it would be estimated at 0.1 and 0.3 tenths of a point, respectively, in 2015 and 2016. In 2015, the impact would be nil in Italy and Germany and equal to one tenth of a point France and Spain. In 2016, the positive effect would vary between one-tenth of a point in Germany and 3/10 in France. Overall, the composite indicator forerunner of the Italian economy would confirm a basically flat growth in the final quarter of the year. On the whole, the research of unemployment in the workplace is characterized by contrasting elements: on the one hand new actors move in search of a job, the other people already on the market are experiencing increasing difficulties in finding a job.

 
Unemployment and inactive . The growth of people looking for work is accompanied however with prolonged periods of unemployment: the incidence of long-term unemployed (share of people looking for work for more than a year) has risen from 56 in the current year, 9% to 62.3%. This group of individuals, generally considered unattractive by the companies, is a factor preventing a drop in unemployment especially in the South. The growth of the unemployed has also added that people defined closer to the labor market (+ 8.3% over the same quarter of the previous year). Among the inactive also grew those who have actively sought work because they believe that he could not find it (discouraged workers, + 6.5%). Overall research workplace is characterized by contrasting elements: on the one hand new actors move in search of a job, the other people already on the market are experiencing increasing difficulties in finding a job.

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Istat: soon the end of the recession, but employment will not start – Il Sole 24 Ore

History Article

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This article was published on December 30, 2014 at 17:15.
The last change is the December 30, 2014 at 17:37.

“The downturn in the Italian economy is expected to stop in the next few months, in the presence of positive signals to domestic demand. ” So Istat. “The conditions of the labor market remain difficult” with “unemployment rate in growth.”

In Italy, in the third quarter, “economic activity has continued to be weak. The gross product was still in decline (-0.1% on a cyclical basis) as a result of the contraction of dell’accentuarsi added value both in manufacturing and in the construction (respectively -0.6% and -1.1%) but in the presence of a stationary in the service sector. “

The employment prospects
“The labor market is undergoing a total stagnation” and the unemployment rate “has continued to rise.” “The most recent data of the labor force employment describe basically stable since the beginning of the year, with a further deterioration in October (-0.2% compared to the previous month).” In the third quarter, the data relating to companies with at least ten employees, related to industry and market services, showed peròuna growth in hours worked both in terms of total number of hours (+ 0.4% compared to the second quarter) and the hours worked per employee (+ 0.3%). A similar trend was observed in industry excluding construction (+ 0.7% the number of hours, + 0.6% hours per employee), an industry that, at the same time, recorded a dec rease in the effective remedy to Checkout integration (50.7 hours per thousand hours worked, a decrease of 10.9 hours compared to the same quarter of 2013).

“The stagnation of the Italian labor market was also reflected in the nell’andamento vacancy rate: the seasonally adjusted data for the third quarter show that the indicator of labor demand remained anchored to the values ​​of the beginning of the year, “he continues, Istat.
The unemployment rate” has continued to rise: in October, the seasonally adjusted data showed growth of three-tenths of a point compared to September, reaching a maximum value of 13.2%, significantly more ‘higher than the European average (11.5%).

The rise in the unemployment rate – it says – is also visible in the data is not seasonally adjusted: there was an increase of five-tenths of a point compared to the same quarter of 2013. The trend is due to the growth of people in search of employment (+ 5.8% increase in the trend) and between them is increased above the share of unemployed looking for their first job (17.6%).

The long-term unemployed and discouraged
The growth of people looking for work is accompanied anyway to longer periods of unemployment: the incidence of long-term unemployed (share of people looking for work for over a year) rose in the current year from 56.9% to 62.3%. This group of individuals, generally considered unattractive by the companies, is a factor preventing a drop in unemployment especially in the South. The growth of the unemployed has also added that people defined closer to the labor market (+ 8.3% over the same quarter of the previous year). Among the inactive also grew those who have actively sought work because they believe that he could not find it (discouraged workers, + 6.5%). ” Overall, “the search for the workplace is characterized by contrasting elements: on the one hand new actors move in search of a job, the other people already on the market are experiencing increasing difficulties in finding a job.”



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ISEE, 2015 new criteria to get tax breaks – Yahoo Finance

& amp; nbsp; ISEE, you change . From the 1 January 2015 There will be a new Economic Status Equivalent, tool used to evaluate – through unified criteria – the economic situation of citizens requiring tariff concessions or facilitated social services on some services.


The new Isee will be introduced from the new year, then, as established by the Decree of the President of the Council of Ministers December 5, 2013, n. 159 and by the Ministerial Decree November 7, 2014. It serves mainly to certify their economic and financial situation to access relief and reductions of taxes – such as universities – such as tariffs canteen and school transport, plus the ability to be able to apply for a home care service for elderly and disabled persons, services and semi-diurnal and integration fees for admissions to nursing homes. Let’s see what will actually change and what will be the new indicators, different depending on the situation of families, to allow access to benefits in a targeted way.

Currently
the economic situation of a nucleus family is assessed taking into account the income of all the components of their assets (valued at 20%) and, through an equivalence scale, the household composition (number of members and their characteristics). With the new reform, however, will be adopted a notion of disposable income that includes amounts for tax exempt, it improves the ability of the indicator selective with a greater appreciation of the equity component, will give more attention to families and many people with disabilities, the indicator differs according to the type of service requested and above reinforce controls to avoid providing benefits to those who do not need it. Ministry data show the fact that many families are trying -using different tricks – to receive services that did not belong: at the end of 2011, 80% of family households claimed to not even have a checking account or savings account sinc e not consistent with those published by the Bank of Italy.


Isee more targeted , depending on the situation of the household. The reform has provided these:

Isee standard , which is calculated taking into account the income of all household members as reported in the family status. Used to the generality of social benefits and all the facilities of a local tax, for additional income tax, for the payment of Tari, but also for the bonus gas and electricity

Isee University , to require the reduction of tuition fees at the university and to apply for the scholarships. Takes into account the income of the family unit even in the case of students residing elsewhere

Isee Social and Health , for access to benefits such as home care for disabled people in the household and / or dependents. It is based on a family unit (only beneficiary, spouse and children if minors) or nucleus behave the only disabled person of age, even though he lives with his parents, to facilitate access to benefits

Isee Social and Health-Residences to shelters in residential social and health care, such as nursing homes and other facilities for people not to be cared for at home. It is based on a small group compared to the standard, but also takes into account the economic condition of the children of the beneficiary is not included in the household

Isee Juvenile with unmarried parents each other and not cohabiting, for facilitated services aimed at children, which takes into account the condition of the single parent to determine whether or not it affects nell’Isee of the family of the child

Current Isee , which allows you to calculate a Isee in a time closer to the time of application performance. This is just in case a member of the family lose their jobs, going to consider the real incomes at the time of submission of the certification.


An important aspect is the new definition income : January 1, in addition to personal income tax revenue coming all income taxed with alternative systems or as tax (minimum taxpayers, rate tax on rents, productivity bonuses …), all income and therefore exempt also all monetary transfers made by the Public Administration (family allowances, disability pensions, social allowance, attendance allowance …), income imputed for properties not leased and movable assets. Will not be considered instead checks for the maintenance of the spouse and children of separated couples (previously valued both nell’Isee the receiver and in the employer).
All necessary information and related forms can be found on the INPS website .

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Finmeccanica, contract with ENAV from 205.9 mln for new … – Reuters Italy


       

MILAN, December 30 (Reuters) – Finmeccanica subsidiary Selex ES was awarded, as leader of an industrial partnership that includes among others Vitrociset, a contract ENAV framework with a total value of 205.9 million.


       

The goal, says a note, is the development of 4-Flight program, the system of national air traffic control new generation that, in nine years, will replace the one currently in operation.


       

The award of the contract took place following a tender procedure European public evidence.


        

       

Customers Reuters can read the press release in full by clicking on


        

       

On the site www.reuters.it other news Reuters in Italian. The top news also on www.twitter.com/reuters_italia


        

       
          © Thomson Reuters 2014 All rights reserved Market Reuters.

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Eni sells its stake in South Stream – The Press

          

Eni entered into an agreement for the sale of its stake of 20% in the company South Stream Transport BV Gazprom. Following the transaction, Eni will recover the capital invested in the project to date, calculated in accordance with existing agreements. Before the agreement, South Stream Transport was owned by Gazprom with a share of 50%, by Eni with a 20% share, and Wintershall and EDF with a share of 15% each. The company was established to build the offshore section of the South Stream gas pipeline.

(RV)

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Monday, December 29, 2014

High voltage on the Stock Exchange, Athens to -11% shakes markets: Milan on … – News Blasting

Day glowing on market bombarded by news of early parliamentary elections in Greece, after the failure of the third and last attempt at election of the President of the Republic . The quorum was 180 votes in favor. After the frost on the Russian economy that risks a loss of 4%, now is Greece to shake the bags with Athens came to lose in the day more than 11% , then rip on a final red by 3.9%.

In short, not only the collapse of oil and the ruble crisis, but now the estate of the European Union and the Euro are seriously at risk.



The day the stock market

That today in Exchange would not have been a day like the others was predictable. Many had anticipated this moment (like the three ‘tenors’ Nouriel Roubini, Paul Krugman and Yannis Varoufakis), when Greece would revolt to the “unity government” Troika shaking the Eurozone. Milan Stock was sunk from Athens, making it the worst in Europe along with Madrid. Arrived to lose more than 3%, the FTSE Mib sold its 1.15% 19,130 ​​ points, the FTSE All share 0.96%, because of tensions from the countries of the ‘periphery’. Also weighing on the price list in Milan, also, banks and securities Enel (-1.85%) and Mediaset (-1.82%), again in the spotlight.

The return of the Italian government bonds is back above the 2% , while the differential BTP-Bund has broken portion 145, and then retrace to 143 basis points. These are the consequences of a further flattening of the yield on the Bund 0.55%. However, today there was the auction of Bot to 6 months and CTZ. Fully placed, the 7 billion Bot have seen a return to growth in 0.297%. For the 2.5 billion CTZ, however, yield down to 0.489% with a bid to cover ratio of 1.46.

Greece towards the third default since 2009

It is not the first time that in Greece it comes to default: in fact, to say Actually, it is the nation that has repeatedly undermined the integrity of the Eurozone. From 2009 to Athens well twice declared bankruptcy , to increase the public debt due to the exponential growth of the spread on government bonds. And so the May 2, 2010 eurozone countries and the IMF have approved a bailout 110 billion, then replicated in October 2011 for an amount of 130 bln. Foreign banks were saved though with some loss, leaving a country in crisis and at the mercy of the Troika (EU Commission, IMF, ECB) . The government of “national unity” has worked for the Troika until September 2014, when they were raised strong opposition internal policies that have prevented then the election of the President of the Republic . You go so early elections January 25, 2015 < /strong>.

The party is ahead in the polls Syriza , which while not including the output from ‘ euro, pressed for the restructuring of the public debt, now limited dall’austerity draconinana and, even more, German. But it does not end here , because, given the fear of investors for a country unstable and full of indecision, now Greece is likely to mess up the idea of ​​a Qe . Neither the Central Bank nor any other financial institution never accept to risk their own money for a Country insolvent .

But the game is still all to play . Syriza not necessarily win alone, could be forced to a coalition government, but it could also lose. Perhaps for these indecisions today has avoided the feared meltdown of stock markets.

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Eni sells to Gazprom its stake in the South Stream gas pipeline (20%) – Il Sole 24 Ore

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This article was published on December 29, 2014 at 21:38.
The last change is the December 29, 2014 at 21:52.

Eni entered into an agreement for the sale of its 20% stake in the project South Transport Stream to Gazprom, which would be buying back up of all members of the respective shares. According to a note from the Italian group Eni “will recover the capital invested in the project, calculated in accordance with existing agreements.”

The Russian giant (which owns 50% of South Stream Bv, active on the offshore infrastructure) should formalize the repurchase of shares of the other shareholders in addition to Eni, namely EDF (15%) and Wintershall (15%). The price is currently covered by strict secrecy, but Gazprom would ensure the return of equity so far invested remunerated at a good interest rate.

The South Stream pipeline was a colossal project intended to create a new gas route, starting from Russia, especially from the Black Sea, and came to Europe without going through central and southern Ukraine and eliminating a strong element of critical issues emerged in recent years. But it was the same as Russia, in early December, at the height of tensions with the European Union to announce the stop of the project, with the repurchase of shares by Gazprom really becomes final.



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European stocks rebound in the final, Athens limits damage – BorsaInside

European stocks rebound in the final, Athens limits damage Almost all major European stock markets closed positive. Image: Shutterstock

Almost all major European stocks closed today rising. The FTSE 100 in London gained 0.5%, the CAC40 in Paris 0.5%, the DAX in Frankfurt 0 , 1% and SMI in Zurich 0.1%. L ‘ IBEX 35 in Madrid has lost 0.8%.

EuroStoxx 50 , the index of 50 blue chips in the area , rose 0.1%.

For the third time the greek Parliament failed to elect the President of the Republic. Consequently, the premier Antonis Samaras that there was nothing that announce early elections for 25 January. The news sparked a hail of sales on European exchanges. The EuroStoxx 50 arrived to lose up to 1.5%. In the last hours of trading, however, there was a rebound. The markets are betting that SYRIZA , the radical left party led by Alexis Tsipras , will fail to get enough votes to dictate the future Greek politics. The Athens Stock Exchange has been able to significantly reduce its losses. After declining by 11% index ASE has finally closed in fall of 3.9%.

The mining benefited from higher prices for metals . Anglo American (GB00B1XZS820) has gained 2.8%, BHP Billiton (GB0000566504) 2.8% and Rio Tinto (GB0007188757) 2.7%.

The banks were weak. Commerzbank (DE0008032004) has lost 0.7%, Societe Generale (FR0000130809 ) 0.6% and BBVA (ES0113211835) 0.7%.

Royal Mail (GB00BDVZYZ77) has gained 4.6%. The rival City Link is over in receivership.

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Ilva: commissioner from January 15, three months for the new company. The … – The Republic

The Minister of Economic Development Federica Guidi met the unions to explain to the workers’ representatives the contents of the decree passed by the Government sull’Ilva. Public action for the revival of the steel will go through the creation of a new company that will rent the assets of the company, as anticipated, and as confirmed by the unionists who attended the meeting. The unions have also reported that the special administration will start on January 15th, while it will take about three months to build the new company that will be controlled by public capital. Yet to be determined instead modes of intervention in the capital of the new company b y the state.

The decree of Taranto and Ilva “is a point from which to avoid a fire sale or a loss of a strategic production,” he commented the secretary of Fiom Typhoid emerging from the meeting of Mise. “What can be done in Taranto – he said – can have general value throughout Italy. I welcome the fact that the government has taken in this matter a strategic role.” Between today and tomorrow, reported Landini the decree should be signed by the President of the Republic.

The meeting was also attended by Commissioner Ilva, Piero Gnudi. In detail – reports a statement of Mise – Minister Guidi has exposed the opportunities that the Government has taken into account in taking the path that will bring the steel group of Taranto to the extraordinary administration and significant passages that provide, in particular, ‘lease of the business unit to a corporate vehicle to public control can make the investments in environmental improvements and maintenance for the revival of the company.

The Minister assured Guidi tight deadlines at all stages the procedure that will start formally after January 14 in order to complete the payment of wages to all employees of Ilva. Immediately after you start the formal process for admission Ilva extraordinary administration with the appointment of one or three special commissioners. Within 2-3 months you will come to the constitution of the new company to public control the entire procedure should be completed in 24-36 months. During the meeting it was determined that the parties will return to meet in the second half of January.

Meanwhile, the Energy Authority has extended until 31 January 2015 the effectiveness of the gas supply for Ilva of Taranto, avoiding the interruption otherwise scheduled for today. Given the conditions of necessity and urgency, the Authority

has implemented the necessary measures to extend the supply of gas in “system default”, then expecting that from February 1, 2015 if Ilva not find new sellers on the free market , the same supplier can extend the transitional month to month service, identifying the most appropriate mode on the definition of the guarantees for the supply, except that non-payments remain on the supplier.

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House, Istat: real estate market to fall back. Increase mortgages – Finanzaonline.com

home The real estate market returns fall after the slight recovery recorded in the first three months of 2014, , but they increase the conventions notary for mortgages, loans and other obligations . This is what reveals the Istat in note today on the housing market for the second quarter of the year. The trend decline is 3.1% for the notary conventions relating to transfers of ownership of the real estate industry as a whole; the same negative variation is observed for the steps of properties for housing while transfers of property units to economic use is reduced by 3.2% .

The Italian Institute of Statistics states that “the percentage change positive overall for the first quarter 2014 (+ 1.3%) is almost entirely due to the postponement of the signing of the deeds of sale to the first months of 2014, to take advantage of the more favorable tax regime of registry, mortgage and land, on the first of January 2014 “.

In detail, in the April-June period are 151 994 conventions notary for transfers of ownership of real estate. 93.3% of the conventions rogate regards transfers of ownership of residential property and equipment (141 833), 6% real estate units for economic (9126) and 0.7% (1035) real estate units for special and timeshare .

Along the peninsula in Immobiliare for residential, decreases were recorded in all geographical divisions , with values ​​below the national average in the Islands (-9.7 %) and the South (-5.4%), but above the national average in the North-West (-2.6%) and the Centre (-1.7%).

In the second quarter 2014 is confirmed, however, growth in the notarial activity for mortgage lending, financing and other bonds with real estate mortgage (+5.1%).

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Consumer confidence fell in December – The Republic

MILAN – The Christmas season is not reviving the mood of Italian consumers: according to Istat, in fact, in December the index that measures consumer confidence fell rising from 100.2 points in November to 99.7 share. The ‘share 100′ refers to the situation in 2005.

The Institute of Statistics indicates that the worsening affects both the economic component is the staff, whose indices decrease to 103.2 from 103.9 and 98.0 from 99.1. The index refers to the current climate is reduced to 97.2 from 99.0, one related to future climate increases slightly rising to 101.8 from 101.7.

Faced with questions about what is and what can be expected regarding the Italian economic situation, the responses indicate a worsening of the citizens: for judgments currents passing from -105 to -108, for expectations to -15 from -13. As to the trend of unemployment, the balance decreases from 53 to 48.

The judgments on the family’s economic situation improves (to -56 from -57, the balance); to expectations, however, the balance falls from -16 to -19. The judgments on the family budget improve (from -18 to -17). Italians see darker also opportunities on current savings decreases from 115 to 114, while for the future consumers expect improvements (to -53 from -55 the balance). The advisability of buying durable goods show a worsening: the balance moved to -89 from -79. Finally, balances that express the opinions and expectations about the dynamics of consumer prices go to -5 to -8 and -18 to -19, respectively.

On a regional confidence increases in Northwest, decreases in the Northeast and the Centre, is stationary in the South.

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Public tariffs, Italy among the most expensive in Europe. “Sting from 324 … – THE FOGLIETTONE

 

Laura Della Pasqua

 Italy can count among its records, in addition to higher taxes, high public debt and the high corruption, even the record increases in public tariffs. Between 2010 and 2014 there was a real acceleration often not justified by a simultaneous improvement of services. While in Italy the increase was 19% in the euro area administered prices rose by 11.8%: more than 7 percentage points lower. Only Madrid has done more with an average increase of 23.7%. Among the major countries of Europe, however, France has recorded an average annual inflation of 12.9%, while Germany scored a touch-up in prices of only 4.2%. The calculations were carried out by the Office of Cgia studies that also analyzed the trend recorded between 2004 and the first 11 months of 2014 the tariffs of the main public services in our country.

Over the past 10 years, administered prices have far exceeded inflation. Faced with an increase in the cost of living by 20.5%, the water has increased by 79.5% and the waste of 70.8%, electricity by 48.2%, motorway tolls of 46, 5%, rail transport by 46.3%, gas by 42.9%, 41.6% of the urban transport, taxi service and postal services 31.6% 27.9%. Of all the items analyzed, only phone services were down by 15.8%. The highest increases have affected local rates.

If the water as regards the prices remain even now among the lowest in Europe, the increases from waste are totally unjustifiable. Because of the economic crisis, in the last seven years there has been a real vertical drop in household consumption and business and consequently decreased the amount of waste produced. Therefore, with less garbage to be collected and disposed of, rates had come down, however, are inexplicably increased. Consider that in the last year, as a result of the transition from the Tares Tari, Italians have even paid 12.2% more, compared to an inflation which has increased by only 0.3%.

The Secretary of the CGIA, Giuseppe Bortolussi (photo), explains that “the increase of the gas have certainly affected by the cost of raw materials and the exchange rate, while the power of the trend of oil prices and the increase in charges General system, in particular for the coverage of the incentive schemes for renewables. Urban transport, however, were affected by increases in the cost of fuel and labor. It should not be forgotten that many price increases are attributable also to the weight tax burden on the rates that, unfortunately, we have reached peaks not found in the rest of Europe. ” The Codacons complaint dear-rates, talking about “a blow from 324 euro in 2014″. Waste has undergone average increases of 15% over last year, with a greater outlay of around 44 euro per family. Significant increase i n the water (+ 6%), health services (5.2%), the motorways of 4.5% (+16 euro), 2.9% for transport (+89 euro) . Even for canteens and school fees there was a greater outlay for the families of 48 euro on an annual basis.

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