For the Parent Ncd the real problem is the lack of funds PESCARA – Guerino Head, Parent Ncd to the City of Pescara speaks on the port master plan and on the request for new documents from the Ministry:
With regard to the press reports appeared today on the block of the Port Master Plan by the Board of Governors public works, some aspects need to be clarified and corrected the shot goes than the inaccuracies that emerged in the last hour. Roberto Linetti, superintendent of public works, contacted by phone, I explained that the Prg port will be defined and workable within a couple of months, because the deficiencies are to be addressed by the region, which means that the controversy raised appear only instrumental. At this time, I feel compelled to say, we should focus on the right and left, on another key aspect, namely the identification of resources to create the infrastructure provided in the Plan. Needless to have a strategy if we do not have the funds to implement it. I hope that all institutions and politicians involved you give to be done in the interest of those who operate within the port, leaving aside the unnecessary controversy, as well as not properly grounded.
Year ‘black’ in 2014 for the construction industry in Italy. The value of production has fallen by almost 7% (6.9%), in contrast to the 1.9% increase of the average of EU countries. In Germany, the growth was 2.4% and in Spain, in 2014 has flown by 16%, after the fall of 57.1% between 2004-2009. Detects the Confartigianato. The building shows “a shy positive signal at the end of 2014″ in November and December when the value of production marks a rise of 2.3%. To detect and ‘Confartigianato in a report that is reported severe crisis suffered by the industry in the past year, with the collapse of 7% in terms of value of production, and the heavy effects on companies with more than 13,000 small businesses deleted (-2, 4%).
Written by Editor Italy, News Saturday, February 28th , 2015
GENOA – It started in the port committee ‘ process that will lead to the approval, in March, the scheme of port master plan to be submitted to Vas.
The general objective of the plan, outlined by the president of the Port Authority Luigi Merlo, is to allow the port of Genoa to win the bet with the gigantism ship and to ensure at the airport another century of development in step with the needs of the market and in a sustainable way.
When implementing the plan, the port of Genova will work between 5 and 6 million TEUs per year, welcoming ships up to 24,000 TEUs. This through processes of modernization and transformation, therefore minimizing fills the sea. For this reason, and for the continuation of the project by Renzo Piano explained last fall, was baptized by the technicians of Palazzo San Giorgio as a “Ground Water”. The approval process should lead to the adoption of the new Prp within a year and will integrate with the existing plan, in particular as regards the new terminal Bettolo and Ronco-Canepa.
The elements that distinguish it scheme of the plan are: for the basin of Sampierdarena the construction of a new entrance to the west (250 million Euros for 3 years of work), and a new dam advanced 500 meters offshore from the current (1 billion in 8 years ), for the industrial area the realization of the “Blue Print” designed by Renzo Piano (with a new platform for building sites and the revision of the fourth dry dock), to the port of Pra ‘is provided for the extension of the channel of calm in to form a large island terminal Vte and a possible expansion to the west and the adaptation of the existing dam to ensure the evolution of large ships (500 million for six years of work) to a length of 500 meters.
Complying with the request of the City for the relocation of the chemical plant in the port area, the draft plan provides two alternatives to be submitted in Vas and observations: the inclusion on the spaces available adjacent to the oil port or in areas under Enel the Lantern. It is considered the prediction of LNG stations and the installation of technical areas adjacent to the new dam.
An important part of Prp regards the so-called “Plan immaterial”, ie the strengthening of all the works to improve efficiency , innovation, pre-clearing, streamlining bureaucracy and computerization: works that proved, can shorten the time up to 40%, creating important new spaces in the dock.
Read also:
Port of Livorno: the Board of Public Works approved the Master Plan port
Port of Genoa: the Port Committee approved a Plan of Iron
Harbour Livorno: Understanding for the port master plan
Port of Genoa approved the Master Plan
Port of Genoa: Wednesday will be presented the Master Plan
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Written by admin on February 28, 2015. Filed Italy, News. You can follow any responses to this entry through RSS 2.0. Comments and pings are currently closed
This article was published on February 28, 2015 at 09:28. The last change is the February 28, 2015 at 09:30.
Go ahead ITER launching, for the port of Genoa, a new plan ( Prp) with works for a total of 2 billion euro. A project that also includes one track by Renzo Piano for the reorganization of the waterfront Genoese and involves the construction of a new breakwater for the call of the Lantern, moved 500 meters into the sea than at present. The dam provides a second entrance to the big ships being added to the existing Levante.
The outline of plan, set on flexibility, has been shown to the committee port (the organ Government of the port), which should approve by the end of March. Then the project should be submitted to Vas (assessment of environmental sustainability). The overall objective of Prp, illustrated by the chairman of the Port Authority, Luigi Merlo, is to allow the port of Genoa to be competitive in the face of tendency of companies to bring in the Mediterranean ever larger ships, thus ensuring a future development of the airport that combines market needs and respect for sustainability.
With the implementation of the plan, explain the Ports Authority, Genoa can work between 5 and 6 million TEUs a year, accepting ships with capacities up to 24 thousand TEUs (20-foot container). Units of this type, so far, do not exist but it is foreseeable that in the future may be implemented. The goal of the project, which has been baptized by the technicians “Water Plan”, is to put in place the processes of modernization and transformation, limiting fills the sea. The approval process should lead to the adoption of the new Prp within a year.
The draft plan calls for the Sampierdarena basin, the construction of a new entrance to the west (cost: 250 million for three years of work), and a new dam, advanced 500 meters off than the current (1 billion, in 8 years). The new entrance will prevent the problems of development in the basin of the ships, which led, in May 2013, the collapse of the tower pilots of Genoa, stricken ship Jolly Black during a maneuver.
For the industrial area of the port, the project involves the construction of the “Blue print”, ie the reorganization of the waterfront designed by Renzo Piano, with new spaces for yards of ship repairs and construction of a new tower pilots.
For the port of Pra ‘(where he is dismantling the Costa Concordia and is the terminal VTE) is provided for the extension of the channel of calm (to accentuate the separation of the airport from the town of Pra’) in order to transform the VTE in a large island for container (grounded by road and rail), characterized by a possible extension to the west, 750 meters, the terminal (which could well accommodate ferries or cruise ships or goods) and the adaptation of the existing dam to ensure the evolution of large ships (cost: 500 million for six years of work), up to a length of 500 meters.
Complying, then, the request the City for the relocation of the chemical plant in the port of Genoa, the scheme of plan provides some alternatives to be submitted in Vas and observations: the insertion of the pole at the facilities available adjacent to the oil port or in areas under the lantern (where today is a central Enel held for sale), or even in an area of Levante in the new breakwater. It also provided for the construction of stations for LNG (liquefied natural gas), for the future development of vessels using methane for propulsion.
(AGI) – Rome, February 28 – Two positive signs: after three and a half years the Italian GDP to grow back after nearly five years while the spread has fallen below the 100 points. In the first quarter, Istat estimated in Note Monthly update on the Italian economy, the GDP will be back ‘to grow. This is because ” the positive signals are strengthened. ” The last increase dates back to the second quarter of 2011. In detail, “the short-term change of real GDP expected in the first quarter and ‘+ 0.1%, with a confidence interval of between -0.1% and + 0.3%. This result and ‘synthesis still negative contribution of domestic demand (gross inventories) and the strong contribution of net exports. ” “The improvement of the views of consumers and businesses registered in February alongside the increase in industrial production in December and that of services revenue in the fourth quarter of 2014. However, there remain difficulties’ in the labor market and confirm the deflationary phase, albeit in attenuation. The composite indicator forerunner of the economy recorded a positive change for the second consecutive month, “reports the Istat. Separate discussion for the labor market “does not show clear signs of a turnaround than observed in recent months. The rate of vacancies in the fields of industry and services and ‘still remained stable in the fourth quarter around 0.5%. The stationarity ‘indicator, which continues from the last quarter of 2013, reflecting the stagnation phase that is observed on the demand side of labor. (AGI) Gin (Continued) (Summary) Italy: end recession, GDP grew in the first quarter (2) = (AGI) – Rome, February 27 – In February, the expectations of employment made by entrepreneurs for the next three months continue to be differentiated between the main productive sectors, resulting in growth in manufacturing, stable in the services and worsening in the construction industry “. Returning to the spread, was in May 2010 that the differential between our government bonds and German bunds not dropped below the threshold of 100 basis points. Satisfied with the President of the Council, Matteo Renzi who tweets: “Spread to below 100, a thousand former temporary workers hired in Melfi with Jobs Act, via bank secrecy not only in Switzerland, and by that ‘#lavoltabuona”. As for Greece there ‘to record the fact that the Bundestag approved the extension of loans to Greece. Nevertheless ‘the bag Athenian and’ the only red in a session without major outbursts. To affect the decline more than expected in the fourth quarter to -0.4% of GDP greek.
Signs of recovery for the Italian productive system: given the data Istat . “For the first quarter of 2015 is expected to return to GDP growth.” So the monthly note on economic Italy presented by Statistics. “The short-term change of real GDP is expected to be + 0.1%, with a confidence interval of between -0.1% and + 0.3%. According to ISTAT, the positive signals on the Italian economy are strengthened. The improvement of the views of consumers and businesses registered in February alongside the increase in industrial production in December and that of services revenue in the fourth quarter of 2014. However, there remain difficulties in the labor market and confirm the deflationary phase, albeit attenuation .
Positive signs for leather, paper and metallurgy
In Competitiveness Report presented this morning by Istat always be noted as the first three quarters of the year ‘manufacturing enterprise on two (among those with at least 20 employees) has increased the total turnover of at least 1% over the same period of 2013. The improvement was evident both compared to the annual average of the four-year period from 2010 to 2013 (when a firm two had recorded increases in turnover of at least 0.2% per year) and, above all, with respect to 2013 (-2.2% per year on the 2012). ” According to ISTAT, the improvement in manufacturing is widespread: of the 23 sectors considered here, 13 are those who have seen increase the value of sales in the first nine months of 2014. The manufacturing sectors in 2014 that showed the largest increases in revenue are the manufacture of other transport equipment (+ 6.5%), motor vehicles (+ 4.6%) and rubber and plastic (+ 3.3%). In general, some manufacturing sectors have improved an already positive trend (textiles, leather, paper, metallurgy, metal products); in other cases there has been a recovery after four years of difficulty (rubber and plastics, electrical equipment, motor vehicles, other transport equipment, other manufacturing, repair and maintenance); instead continue to worsen or do not compensate for past losses clothing, the timber industry, printing, furniture).
Turnover up to 12 sectors of 23
The main novelty of 2014 is represented by the improvement in domestic sales after years of stagnation or contraction in demand (+ 0.5% the median change, after -3% in each year of the 2010-2013 period). Turnover in Italy increased in 12 sectors of 23, against a single case in the previous period. In particular, turned positive for capital goods (+ 0.9%), was substantially stagnant – breaking the fall of the previous period – for intermediate products and consumer non-durables (+ 0.3% in both cases) , suffered a modest reduction in the sectors of durable consumer goods (-0.9%), continued to contract for energy products (-4.8%).
This article was published on February 27, 2015 at 17:47. The last change is the February 27, 2015 at 20:47.
After 14 consecutive quarters with zero down, in the first quarter of 2015 Italy will return to grow : the change in GDP is expected at + 0.1%. He says Istat, which today released its monthly note on economic trends.
The positive signs “The positive signals on the Italian economy are strengthened,” notes the National Institute of Statistics. The composite indicator forerunner of the economy “has recorded an increase in December for the second month in a row.” For the first quarter of 2015 “is expected to return to GDP growth.” The improvement of the views of consumers and businesses registered in February, notes the Istat, “is accompanied by the increase in industrial production in December and that of services revenue in the fourth quarter of 2014″. The change in the economic real GDP expected in the first quarter “is + 0.1%, with a confidence interval of between -0.1% and + 0.3%. This result is the synthesis of the still negative contribution of domestic demand (gross inventories) and the strong contribution of net exports. ” The last increase dates back to the second quarter of 2011.
The residual difficulties, work in head If the light back to dawn, shadows remain. Since the labor market – the statement said – “does not show clear signs of a turnaround than observed in recent months.” The rate of vacancies in industry and services remained stable in the fourth quarter of 2014 to 0.5%. A stationary that lasts from the last quarter of 2013 and that “reflects the stagnation that is observed on the demand side of labor.” In February, the expectations of employment made by entrepreneurs for the next three months continue to vary according to the sectors: growth in manufacturing, stable in services, a deterioration in construction.
Price: Deflation attenuates In the beginning of this year, underlines the Istat, you are close to materializing on the consumer direct and indirect effects of the sharp declines of the barrel. The index of consumer prices for the community fell by 0.6% year on year in January and 0.2% in February, according to preliminary estimates. The reduction of production costs, a result of the cut in energy prices, helped to keep core inflation (+ 0.5% in February).
Growing consumer confidence In the third quarter of 2014 household spending has increased slightly (+ 0.1% change in the economic situation), that trend should carry on. In February there was a marked improvement in the confidence of consumers, especially in judgments related to the economic situation.
This article was published on February 27, 2015 at 17:47. The last change is the February 27, 2015 at 19:40.
After 14 consecutive quarters with zero down, in the first quarter of 2015 Italy will return to grow : the change in GDP is expected at + 0.1%. He says Istat, which today released its monthly note on economic trends.
The positive signs “The positive signals on the Italian economy are strengthened,” notes the National Institute of Statistics. The composite indicator forerunner of the economy “has recorded an increase in December for the second month in a row.” For the first quarter of 2015 “is expected to return to GDP growth.” The improvement of the views of consumers and businesses registered in February, notes the Istat, “is accompanied by the increase in industrial production in December and that of services revenue in the fourth quarter of 2014″. The change in the economic real GDP expected in the first quarter “is + 0.1%, with a confidence interval of between -0.1% and + 0.3%. This result is the synthesis of the still negative contribution of domestic demand (gross inventories) and the strong contribution of net exports. ” The last increase dates back to the second quarter of 2011.
The residual difficulties, work in head If the light back to dawn, shadows remain. Since the labor market – the statement said – “does not show clear signs of a turnaround than observed in recent months.” The rate of vacancies in industry and services remained stable in the fourth quarter of 2014 to 0.5%. A stationary that lasts from the last quarter of 2013 and that “reflects the stagnation that is observed on the demand side of labor.” In February, the expectations of employment made by entrepreneurs for the next three months continue to vary according to the sectors: growth in manufacturing, stable in services, a deterioration in construction.
Price: Deflation attenuates In the beginning of this year, underlines the Istat, you are close to materializing on the consumer direct and indirect effects of the sharp declines of the barrel. The index of consumer prices for the community fell by 0.6% year on year in January and 0.2% in February, according to preliminary estimates. The reduction of production costs, a result of the cut in energy prices, helped to keep core inflation (+ 0.5% in February).
Growing consumer confidence In the third quarter of 2014 household spending has increased slightly (+ 0.1% change in the economic situation), that trend should carry on. In February there was a marked improvement in the confidence of consumers, especially in judgments related to the economic situation.
– The spread between BTP and Bund falls below the psychological threshold of 100 basis points, up to 98.5 points, for the first time since mid-May 2010. The yield on the 10-year Italian is falling to new record low dell’1,305%.
On Twitter Renzi Prime Minister expressed his satisfaction. “Spread in the 100, 1,000 former temporary workers hired in Melfi with Jobs Act, via not only in Swiss bank secrecy, which is by #lavoltabuona” writes the President of the Council.
Follow the trend of the spread Real-time
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– The figure assumes a symbolic value that should not be underestimated. The reduction in the spread between ten-year BTPs and German bunds of the same maturity below the psychological threshold of 100 points is a harbinger of renewed optimism about Italy but not only.
Despite Greece may be asked to do more in terms of structural reforms, negotiations are at a good point – the first yes Eurogroup the plan submitted by Athens to the outcome of the vote in the Bundestag that a large majority approved the extension of another four months to the aid program – and this strengthens, obviously, the convictions on the strength of the euro.
In short, starting in March, the European Central Bank (ECB) will start the program to purchase government bonds, the quantitative easing (QE), whose announcement last month has already had the positive effects. A massive injection of cash that will aim to re-establish the level of inflation on the value of about 2%, according to the prerogatives of Frankfurt.
Because especially in energy prices and fuel – in Italy , notes the Istat, attenuates the decline in consumer prices in February (+ 0.3% MoM, -0.2% for the year) – Eurozone inflation stood at January -0 , 6%, thus confirming the deflation phase that is to mean substantially the absence of the application. No coincidence that the ECB president, Mario Draghi, has confirmed in recent days that QE will continue as long as inflation will remain low.
While the yield on government bonds decreased encourages Investors, on the other hand reduces the costs for the payment of interest, elements that invigorate the confidence that in Italy returned to growth, both for businesses and families, to levels not seen for several years.
It is the uncertainty about the labor market, despite the ongoing reforms and the decisions taken by the EU. The plan Juncker, presented in November last year, which has an initial capital of 21 billion euro, thanks to a leverage effect, aims to generate 2015 to 2017 investments in strategic sectors such as transport, energy, research and training € 315 billion (as well as thousands of new jobs, according to estimates of Brussels), not yet entirely convinced.
There are many, in fact, private projects presented and the Beautiful – the European Bank investment – complains little innovation. But the hope is that the forecasts of the financial institution are not disregarded, because 2015 will be the year of the revival of competitiveness.
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This article was published on February 27, 2015 at 09:35. The last change is the February 27, 2015 at 11:30 am.
Performance countered for European stocks. The movement more relevant, in hindsight, regards government bonds. BTP-Bund spread on the ten-year maturity fell during the trading day and according to the Bloomberg terminal, below the threshold of 100 basis points. A dynamic that the president of the board Matteo Renzi said with a Tweet “spread to below 100, a thousand former temporary workers hired in Melfi with JobsAct, via bank secrecy not only in Switzerland, and by that ‘#lavoltabuona.”
The impact of monetary policy A closer look, however, is the effect-Q and the ECB. The plan for the purchase of government bonds by the European Central Bank, in fact, hit more and more of the same yields. In particular, those of the peripheral countries of the Eurozone.
So, for example, the ten-year BTP has a rate around 1.36%. That of the same maturity as the Spanish, at about 1.28%. These values, until not long ago, absolutely unthinkable. Which, not deny it, do not have any reference to the country risk and the socio-economic viability of the two States issuers. The proof? Comes from the US T-Bond. The title decades of Washington, in fact, a yield above 2%. Of course, as indicated by MPS Capital service, it is a trend due “to the data on inflation which, while falling below expectations, on a steady growth of wages in real terms.” Which reinforces the idea of elimination from their press release of the adjective ‘”patient” in reference to the attitude of the Fed on the timing of a rate hike. ” It, however, can not hide that having the rate on BTp much below that of the T-Bond is a strong contradiction. Which can only understand the effect, precisely, that of quantitative part to March.
Moreover, it was precisely Maria Cannata, head of the management of the public debt of the MEF, to confirm it. “Now that were announced details of Qe -said yesterday at a hearing in the House – we see every day in a fall in interest rates,” as well as that of a ‘big appetite for the securities of the suburbs. ”
The situation in Greece that appetite that instead, in the day when the German parliament votes on the agreement for the extension of aid to Athens, does not seem to involve the public debt of Greece. There will also state the agreement between the government of Prime Minister Tsipras and former Troika. The market does not seem to believe it, indicating a strong sense of pessimism. The yield curve is very Hellenic fact reversed. The deadline to 1 month makes 10.6%. One to three months down to 4.7%; Six months later, the rate drops again to 3.6%. The 2-year government, for its part, makes 13.7% while the five years has the yield of 12%. The ten-year, finally, is below 10%. In short, it is clear that these numbers indicate the persistence of the fire in that of Athens. A dynamic that, for now, does not seem to disturb investors as a whole. Everyone is waiting for the drug monetary Mario Draghi.
Inflation developments … A sea of liquidity that, from a technical standpoint, it is justified by the objective to return inflation Europe to the value of 2% required by the Statute of the ECB. Well, on this front in Italian consumer prices rose in February by 0.3% cyclical (-0.4% in January) while, at trend level, fell by 0.2% (-0.6% in January). In short, there is an attenuation of the decline on an annual basis. A dynamic that is also replicated in Spain. Overall, though, this is not such as to induce movements afterthoughts on the front of the monetary policy of the European Central Bank.
… and the euro Which, with his moves, reported at levels “sensible” the euro-dollar exchange. A cross that now sees the euro back above 1.12 share towards the greenback.
resurrection of Melfi is now complete. “An historic agreement”, to quote the words of the national secretary of Fim Cisl Ferdinand Uliano, was reached after more than nine hours between Fiat and unions (Fim, Uilm Fismic, UGL Aqcf and Representations company union) for the plant.
The parties have reached an agreement on the new organization of shift workers and stabilization with permanent contracts of more than 1,000 workers entered the labor administration . The inputs were about 700 units’ with only eight employees who have resigned. The detachments of workers in CIGS currently are 250 by 100 by Cassino and Pomigliano. The establishment of the 20 rounds of four teams provides an experimental phase until August 2, 2015 , with an evaluation of the new organization by 31 May 2015, the use of 6 paid time for collective use that will reduce the impact of Sunday work shifts to bringing the actual 19.5 shifts, totaling 2 Sundays per capita during the experimental phase and with a maximum of 6 per year.
“ The investment of over one billion euro shared on October 30, 2012 with the trade unions that have signed agreements with the union Lingotto – explains the Fim – allowed production start of the Jeep Renegade and 500x . The market demand and ‘this and that’ must saturate at maximum capacity ‘plant production with the average production giornarliera 1100. The management has confirmed the continuity ‘in the production of Point , denying rumors of some newspapers, reformulating the shift workers on six days of work. The establishment of the 20 rounds that will actually be 19.5 average, allow avoid overtime currently underway at the plant Sata and proceeding to the stabilization of the more than one thousand contracts administered with a permanent contract at maturity that, on average, and ’6 months of work. “
” We have negotiated with the’ company – emphasizes Uiliano – the recognition of allowances’ economic of 120 Euros per month including allowances’ and contractual increases, which in addition to the already ‘existing treatments of shift workers under the contract, will deliver 20 euro, 25 euro, 40 euro for each day worked on Saturday night, Sunday night and Sunday afternoon. “
For the union agreement and ‘historical’ cause enshrines” for the first time in the Fiat group that after only six months more than a thousand workers fixed-term contracts are transformed indefinitely . At the start of the new shift workers overtime collective will ‘interrupted. We have built and found a balanced and successful mediation between the new shift workers and economic recognition to workers who will be involved. We modulated the shift workers on 18 ° 19 ° 20 ° in order to make it less burdensome in terms of fatigue and more ‘heavy in terms of the increase of the extraordinary. The agreement also includes some social guarantees for categories of workers who may have difficulty ‘work in shift-workers identified. Have been established – concludes Uiliano – meetings and inspections necessary to provide the best guarantees of protection on fatigue and the ergonomics of individuals with regard to the organization of the new shift workers and its impact on ‘work. “
The national secretary of Fim Ferdinand Uliano, describes it as a” historic agreement “. The Melfi plant ‘from 15 to 20 rounds of production, with a total of one thousand hiring a structural nature, including 700 already carried out, first with contract administration and then indefinitely. ” The agreement comes after 9 hours of negotiations between management and trade unions of the Lingotto Fim, Uilm Fismic, UGL, Aqcf and the company union representatives. “The agreement – said Uliano – builds the prerequisites to become Melfi plant Fca with the highest number of jobs in Europe. It is historic because sanciamo for the first time in the Fiat group that after only six months more than a thousand workers with temporary contracts are transformed indefinitely, “he said, remembering how the investment of over one billion euro announced and then signed by the unions in 2012 has allowed the mass production of the Jeep Renegade and 500x and today the company has confirmed the continuity of production in the production of the Punto.
production
The production of the Jeep Renegade 500X and in fact marked a “gear change” for the plant in Melfi (Potenza) of Fca, that leaves behind the crisis and the layoffs of previous years: after new hires announced in January, now you get to step 15 to 20 turns established in a preliminary agreement signed in the evening with the unions, to which adds’ a total of one thousand hires a structural nature, including 700 already carried out, initially with contract administration and then with a permanent contract. ” Monday the parties will meet again for the final signature.
The new shift system
The 20 shifts expected from the preliminary – signed by Uilm-UIL, FIM-CISL, Fismic, UGL, Aqcf and union representatives business, while Fiom meet tomorrow Leadership Fca – take the opportunity to produce the plant up to 1,100 cars a day: this for the payroll of the workers involved in the line should translate into an increase of about 1,400 euro per year. The new shift system, (technically it is 19.5 shifts average), will also keep overtime currently underway in Melfi, and will test up to 2 August 2015 (after that date, in fact, say the unions, the system “will be tested ‘). “Fiat has implemented the required auditors – showed Gianluca Ficco, national coordinator of the automotive sector and Marco Uilm Lomio, secretary of Uilm Basilicata – to recognize an element of rewards, additional to the usual increases”, which concerns the shifts on Saturday night and the Sunday (afternoon and night) “respectively 20, 25 and 40 euro.” During the meeting, finally, it is also found that the production of the Grande Punto will not be moved at Mirafiori.
The European Central Bank has set the BPM a minimum level of Common Equity Tier 1 ratio to 9% and a total capital ratio to 11%. The institute emphasizes respect the requirements of the ECB already seen that at the end of 2014 stood CET1 all’11,58% and the total capital ratio stood at 15.35%.
The Institute: ready operations to return above thresholds (Il Sole 24 Ore Thomson Financial) – Milan, Feb. 26 – The Veneto Banca Group, at the request of Consob, announces that it has today received the final decision of the ECB regarding capital requirements Specific to be respected at the consolidated level. These requirements consist of a total capital ratio of 10% in terms of Common Equity Tier 1 ratio and 11% in terms of total capital ratio
The capital ratios of the Veneto Banca Group on a consolidated 31 December 2014 taking into account the effects of the total implementation of Provisions required by the ECB in the AQR, amounted to 9.7% in terms of Common Equity Tier 1 ratio and 10.4% in terms of total capital ratio. However, the directors of the bank stress that “the total capital ratio and ‘already’ raised to 10.64% as a result of an issue of Tier II instruments for 50 million euro took place on February 4 and that these indicators are intended to improve further 70 basis points including the positive effect expected from two other factors. ” Namely the completion of the sale of the majority stake held in the bank IPIBI, whose authorization by the Bank of Italy ‘was granted on 25 February 2015; and the completion of the sale of a majority stake in BIM, whose authorization and ‘being examined by the Authority’ competent so ‘as announced on February 25 “.
