Unemployment is down compared to February 2013 – Blasting News

The optimism on the Italian economic events increases with the good news from Istat. Important news in the world of work: unemployment finally drops below 12%. The reforms, according to Renzi, begin to bear good fruit, and with the increase of 325,000 jobs in more than a year, Italy again towards economic development. Worth noting is the only note in contrast, we hope so temporary, represented by the increase in youth unemployment, in the age group between 15-24 years: the increase is 0.3%, passing from 40 to 40.7% , 4%.

About ISTAT

The busy, always in the same bracket 15-24, have increased by 0.8% compared to July (+ 7000), and always on the basis Monthly, the youth employment rate of 15.5% increased of 0.1%. Esteem of young people unemployed compared to the previous month by 2.1% (+13000) The incidence of unemployment among youth aged 15-24 from all young people of the same age group is 10.6% (a young man of about 10 It is unemployed). This incidence increased last month by 0.2%. Following reports Istat: employment growth of +0.1 in June, 0.3 in July and 0.3 in August. Growth measures the workers employed (+ 70000) largely completed (+ 45000). In the year, employment increased by 1.5% and the employment rate is 0.9%. The new law lays Jobs Act begins to produce good results, saw increases of employees during the year. Employed appear to be 22,566,000.

Inactive declining

For the minister Poletti the labor market is being consolidated with an increase of employed, unemployed and decrease drop in the inactive ie those who do not seek work: inactivity rate of 35.6%, less than 0.2%, year on year down 1.7% (- 248 thousand inactive persons) and the inactivity rate is 0.5%. The facility which benefits employers, with tax relief of up to € 8000 for three years, encourage the open-ended contracts. And if we add the increase in purchase orders for the industry, in addition to increased confidence in the institutions, the result is guaranteed.

Growth in employment, Renzi “effect Jobs Act” – AGI – Agenzia Journalistic Italy

17:06 September 30, 2015

(AGI) – Rome, Sept. 30 – Growth in employment in Italy and the unemployment rate touching the lowest level since February 2013, although the young unemployed are still rising. In August, according to provisional data from Istat, the estimate of employed rises further by 0.3% with an increase of 69 thousand units’ while on-year employment grew by 1.5% with 325,000 people employed in more ‘. An increase determined by the increase in workers employed (+70 thousand), mainly in term (+45 thousand). For the prime minister, Matteo Renzi, and ‘”the effect” of the Jobs Act. Enthusiastic also the Minister of Labour, Giuliano Poletti, according to which employment data confirm “that the recovery and’ a reality ‘.” And the holder of Economy, Pier Carlo Padoan, emphasizes “the permanent improvements, the result of structural choices”. In August, the unemployment rate and ‘amounted to 11.9%, down 0.1 percentage points after falling in the previous month by 0.5 points. The estimate of the unemployed decreased by 0.4% (-11mila). In the twelve months unemployment dropped by 5% (-162 thousand people looking for work) and the unemployment rate by 0.7 points. Still growing, the unemployment rate of the aged 15-24, that ‘the share of unemployed youth in the total of those assets, which stood at 40.7%, up 0.3 percentage points from the previous month. In trend terms, compared to August 2014, the employment rate of young people aged 15-24 falls by 0.1 percentage points, also down the unemployment rate (-2.3 points), compared with a growth rate of inactivity ‘ 1.2 points. On average over the last three months, for young people it observed the drop in the unemployment rate (-0.6 percentage points), compared with a slight increase in both the occupancy rate (+0.1 points) and the rate of inactivity ‘(+0.1 points). Cool the reaction of consumers and trade unions. Adusbef and Federconsumatori speak of “emphasis and unjustified optimism”.
Confederal secretary of Uil, Guglielmo Loy, to increase the number of employed and not ‘the Jobs Act but the tax relief provided by the law of stability’ 2015 . (AGI).

Unemployment still falling: in August, down 11.9%. Occupied 69 thousand more – The Republic

Milan – New decline for the unemployment rate in Italy: in August 2015, the jobless rate stood at 11.9%, down for the second consecutive month and the lowest level since February 2013. According to provisional figures from Istat, the decline was 0.1 percentage points from the previous month and by 0.7 points compared to August 2014. In the twelve months unemployment decreases by 5%, corresponding to 162 thousand fewer people looking for work. For the Minister of Economy, Pier Carlo Padoan, they are “permanent improvements result of structural choices of the government.” For connection of Labour, Giuliano Poletti, “Istat arrive today three good news: increasing the employed, the unemployed fall and decrease the inactive. There are three confirmations of a positive trend in the labor market that is consolidating.”

Positive signals come into effect for the growth of busy : after +0.1 and + 0.3% in June and July, the last month’s estimate of employed grew by another 0.3% with an increase of 69 thousand units. “This growth is determined by the increase in workers employed (+70 thousand), mainly in term (+ 45 000). The employment rate increased by 0.2 percentage points, reaching 56 , 5%. For the full year employment grew by 1.5% (+325 thousand persons employed) and the employment rate by 0.9 points, “says Istat.

data are strengthened by lower estimate of inactive , that is, those who do not seek work: after declining in June ( -0.4%) and growth in July (+ 0.6%), fell last month by 0.6% (-86 thousand inactive persons), returning to the level of June. The inactivity rate is 35.6%, down 0.2 percentage points. Yoy inactivity is down by 1.7% (-248 thousand inactive persons) and the inactivity rate by 0.5 points.

Positive numbers overall are resized by the new rise in youth unemployment , whose rate rises by 0.3 points to stand at 40.7%. The estimate of the employed aged 15-24 increased by 0.8% compared to July (+7 thousand). On a monthly basis, the youth employment rate, 15.5%, growing by 0.1 percentage points. The estimated number of young unemployed increased from the previous month (+ 2.1% to + 13 thousand). The proportion of unemployed young people between 15 and 24 from all young people of the same age group is 10.6% (ie just over a young man of 10 is unemployed). This incidence increases by 0.2 percentage points last month.

The data disseminated by Statistics follows the surprising drop in the July jobless: then the jobless rate had fallen to 12% . Meanwhile, it is screwed havoc on the numbers of Italian labor, particularly expected from information and analysts because they incorporate the effects of the Jobs Act and the de-contribution for new employees stable. After the summer hustle and bustle, however, the Ministry of Labour has decided to suspend the publication of data on new contracts, which are flanked surveys INPS and – in fact – the Istat data on unemployment. These are very different from the first two: the Institute proceeds with an investigation ‘sample’ photographing the stock of employed and unemployed in the country, while the data on the contracts are flow and concern ignitions or terminations of employment relationships (thus more contracts may refer to a single person).

The update today, in view of a desirable uniformity, Istat began reporting monthly indicators on employment and employees indipedenti. Well, in the summer months (June-August 2015) employees increased by 0.6% (+107 million) compared to the previous quarter, while the independents fell by 0.3% (-15 thousand). “In trend terms employees grew by 1.9% (+324 million), fully explaining the employment growth in twelve months, while independents remain unchanged”, says Istat. But if you look at the composition of labor, “among employees was recorded last month increased by 0.2% for the permanent component (+25 thousand) and 1.9% for the term (+ 45 000). In the period from June to August 2015 permanent employees increased by 0.1% compared to the previous quarter (+13 thousand), while those completed up 4 , 1% (+94 million). Compared to the same month last year employed permanent grow by 1.3% (+188 thousand) and forward by 5.9% (+136 million), “says Istat revealing the effects of longer-term measures introduced.

The contribution of different types of employment to the recovery of the employed: light gray employees ‘permanent’, red employees completed and dark gray independents

The Italian figure was released along with the German one: in Germany, unemployment remained stable at 6.4 % in September to its lowest since reunification. They are, however, slightly increased the jobless, 2 thousand units, against expectations for a decline of 5 thousand people: even the German economy can not be said at all immune to the international turmoil, waiting to see what it will mean the Volkswagen case in terms of work and employment. A level of Eurozone , the unemployment rate remained stable at 11%, while in EU-28 countries is 9.5%, in both cases, as in the previous month. A year earlier, in August 2014 the unemployed were respectively 11.5% and 10.1%.

Unemployment drops below 12%, the first time since February 2013. Renzi is the effect Jobs Act – Il Sole 24 Ore

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This article was published September 30, 2015 at 10:09.
The last change is the 30 September 2015 at 11:51.

In August 2015, the unemployment rate is 11.9%, down for the second month consecutive to the lowest since February 2013. This was communicated by Istat. The decline was 0.1 percentage points from the previous month and by 0.7 points compared to August 2014. In the twelve months unemployment decreases of 5.0%, corresponding to 162 thousand fewer people looking for work.

+ 325mila places on year, Renzi is effect Jobs Act
After growth in June (+ 0.1%) and July (+ 0.3%), in August, the estimate of the employed still grew by 0.3%, an increase of 69 thousand units. This growth, says Istat, is determined by the increase in workers employed (+70 thousand), mainly in term (+45 thousand). The employment rate increased by 0.2 percentage points, reaching 56.5%. On-year employment grew by 1.5% (325 000 persons employed) and the employment rate by 0.9 points. “Istat. In a year 325mila jobs. Effect #Jobsact #italiariparte #lavoltabuona. ” This tweet of the Prime Minister, Matteo Renzi, published soon after the announcement of the recovery of the data on unemployment in August. Facebook, then, always Renzi adds that ‘Istat certifies that the Jobs Act works. In one year we have recovered 325mila jobs, in August of August. Unemployment was almost 14% at the beginning of the government, is now under 12%. The reforms bear fruit, Italy again. Full speed ahead, now. There is still much to do and we can do it together, with the confidence of knowing that we belong to a great country, strong and proud. Viva Italy, “he concluded the Prime Minister.

In August, youth unemployment rose to 40.7%
The unemployment rate of the aged 15-24, that is, the proportion of young people unemployed on the total of active ones (employed and unemployed) is 40.7%, up 0.3 percentage points from the previous month. Istat stresses that the calculation of the unemployment rate are excluded young people inactive, that is, those who are not employed and not looking for work, in most cases because they were engaged in their studies. In trend terms, compared to August 2014, the employment rate of young people aged 15-24 falls by 0.1 percentage points, also down the unemployment rate (-2.3 points), compared with a growth rate of inactivity 1.2 points. With reference to the average of the last three months, for young people aged 15-24 is observed the decline in the unemployment rate (-0.6 percentage points), compared with a slight increase in both the occupancy rate (+0.1 points) is the inactivity rate (+0.1 points).

Eurozone unemployment stable at 11%
It remained rather stable in August, the unemployment rate in Europe, according to data released today by Eurostat, the Eurozone amounted to 11% while in the EU-28 is 9.5%, in both cases, as in the previous month. A year ago, in August 2014, the unemployed were respectively 11.5% and to 10.1 percent. To be without work last month were 23,022,000 of Europe, of which 17.6 million in the eurozone: from a year earlier, are less 1.490000000, of which 892mila Eurozone.

S & amp; P ups outlook on Italian GDP
Good news, even if we are in the field of the estimates, even for the Italian GDP. Standard and Poor’s has in fact raised their growth forecasts for the Italian economy. The agency now expects an increase in GDP of 0.7% in 2015 and 1.2% in 2015 against projections of June of + 0.5% and + 1% respectively. For 2017, the estimate remains of +1.2 percent. The new forecasts are contained in a report on the euro area slightly revising down estimates for France for 2015 (+ 1.1% from + 1.3%) for the weak performance in the second quarter. In line with the weakening of exports it has also revised down the forecast for Germany: + 1.7% + 2% this year and next compared to + 2% and + 2.2% respectively in June. The brilliant performance of the economy of Spain has instead led to revise upwards its estimates of GDP to 3.2% this year from 3 percent.

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The stock exchanges in recovery, expected inflation and unemployment – The Republic

Milan – Tests rebound for the European markets, splashing in recovery after a first part of week full of weakness. And ‘the last act of a quarter that is delivered to the archives as one of the worst in recent years: according to the calculation of Bloomberg before the uncertainty about Greece, then the crisis of China and therefore the volatility related the rise in US interest rates have eroded by global lists 11 thousand billion dollars of value. These rumors of tension recently joined the collapse of raw materials and the companies in the sector, sales in the biotechnology sector in the US and the slowdown in emerging markets. For the index MSCI Asia Pacific, representative basket of the eastern portion of world equity, September was the fifth consecutive month of declines, worst black stripe from the financial crisis of 2008.

As mentioned, however, today the European stocks are rise, as well as the future of Wall Street. Milan start the trading day with a 1.6%, as strong as the other main lists of the Old Continent. Frankfurt rises 2.1%, London 1.6% and Paris 1.95%. Rebound convinced, at the beginning, for Volkswagen that also drags on the Milan Stock Fca.

In the morning, the Exchange Toko has recovered part of the slip of the vigil: the Nikkei rose 2 , 7% to 17,388.15 points on top of the day. Positive also the other Squares Europe, with Shanghai which added 0.8% and Hong Kong in the recovery of 1.6%. “We expect high volatility, with the authorities of the Asian countries that are struggling to cope with the slowdown in growth in the region; and even weeks and months of debate on the prospects of Fed monetary policy,” said the US Agency Sean Callow, currency expert in Sydney. For him, the trend in the coming months will inevitably be a strengthening of the dollar against the competitors. Today ‘s € is strengthened against the dollar and yen rising, respectively, 1.1256 and 134.81.

On the macroeconomic front, there is a decrease of 0.5% of Industrial production in Japan in August compared to July (-0.8%). In Europe, the index that measures the price of houses in the UK in September rose 0.5% on a monthly basis (+ 0.4% in August) while on an annual basis, growth was 3.8% compared to + 3.2% in August. Disappointment from German retail sales : fell by 0.4% in August, against expectations for a + 0.2%. In France, consumer spending in August grew by 1.6% on an annual basis and no change on a monthly basis, roughly in line with expectations. The major findings are however coming: unemployment in Italy, Germany and the eurozone, inflation again in Italy and in the single currency zone, new jobs ADP in the private sector in the US. All data that approach the publication of the report on the work in the States on Friday (the agenda). Opening down to the spread between Bund and BTP. The differential marks share 111 points against the 113 of yesterday’s close. The yield expressed by the Italian ten-year amounted to 1.71%.

Among the raw materials, origin of the weakness of many titles of large mining companies, prices continue to fall for the oil , with Brent that yields 0.52% to $ 47.98 per barrel, and WTI which yields 0.73% to $ 44.9 per barrel. Closed mixed last night, for Wall Street with the Dow Jones gained 0.3% to 16,049.13 points, the Nasdaq scored from -0.59% to 4517.32 and the S & amp; P 500 rising 0.12% to 1,884.

Voluntary disclosure, the terms for the extension request – Il Sole 24 Ore

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This article was published September 29, 2015 at 21:03.

VOLUNTARY DISCLOSURE: EXTENSION OF THE DEADLINE FOR REQUEST
The deadline for joining the voluntary disclosure slide to 30 November with possible integration of the instance by 30 December. The extension, says the Government, in the presence of a very large number of membership applications pending, meets the need to recognize more time to complete the formalities. In addition, it is also planned for those who have already submitted the application before the date of entry into force of this decree, the ability to produce the relevant documents by 30 December. Il Sole 24 Ore of Wednesday, September 30 all the insights on the extension of the operation voluntary disclosure and the indication of how to proceed using the extension of time.

PRACTICAL GUIDE TO TAX REFORM: NEWS ‘ON REPENTANCE
Wednesday, September 30 also continues the appointment with the Practical Guide to Tax Reform that the 5th episode focuses on repentance, or the correction of violations to the tax authorities. Thanks to tax reform repentance is cheaper and faster, with discounts for those fixes within 90 days. The pages of Sole 24 Ore dedicated to tax reform to clarify who is this benefit and how it intertwines with the rules of repentance long.

THE PERFORMANCE OF BTP DECADE LOW
The yield of ten-year BTPs, yesterday, has stabilized around 1.72%. A rate far cry from the end of 2011. In the now famous November of that year, in fact, the title of the Italian State had achieved, under attack of speculation, the peak of 7.48%, ie, about 576 basis points more than now. A universe completely opposite from the current one where Italy, of course, has had to contend with considerable problems, including interest payments on its debt, which, gradually the situation has been improving, fell. How much? It ‘easy to say. In 2012 the beautiful country has paid a bill for interest expense of 84 billion. In 2013 they came to 77.9 billion, then, fall further to 75.18 in 2014. On 2015, finally, the estimate is about 70 billion in interest. The outlook for Italy and for taxpayers are analyzed by the Sole 24 Ore of Wednesday, September 30

NEW TAXES FOR BUSINESSES: THE INTERNATIONAL BUSINESS, TAXATION LIGHTER
The legislative decree 147 of the internationalization and growth of companies is a far-reaching measure that seeks to make certain the tax rules for companies trading internationally. Certainty of rules that goes with the need for the national legislature to adjust the domestic legal system to the EU and OECD developments and the case law of the European Court of Justice. Another distinctive feature of the decree – the subject of extensive analysis in this guide – is that of simplification; just think of the elimination of mandatory set of engaging in matters of foreign subsidiaries (CFCs). But the primary objective and more “daring” is to increase the competitiveness of Italian companies: a significant example of this is the introduction of the exemption of income from foreign permanent establishments (branches exemption) that removes a competitive disadvantage of Italian companies compared to international competitors. Are also eliminated standards deteriorate before present in our system and that are unrivaled in the international scene: the case deductibility of costs blacklist. Wednesday, September 30, the focus of the Sole 24 Ore explores all aspects of the measure for the internationalization that has certainly positive aspects for Italian companies.

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Electricity and gas, the increases come: from October price increases of 3.4% and 2.4% – TGCOM

19:41 – From October triggered increases for electricity and gas. As established by the Energy adapting quarterly for electricity will increase by 3.4%, while for gas by 2.4%. Despite these increases, the average family will save a total of € 60 in 2015 due to declines in the first nine months of the year.

For electricity, the Authority explained in the note, spending on family-type in the period 1 January -31 December 2015 will be around 505 Euros, with a decrease of 2.2% over the previous year and save more than 11 Euros. For gas, household spending will instead type in the same period of around EUR 1,123, down 4.2% on 2014, corresponding to a saving of around 50 Euros. The overall savings in 2015 for electricity and gas will be so more than 60 euro per household .

There are two factors that weigh on the rise in electricity: the increase in overall costs for the supply of “material energy ” that was affected by price spikes recorded on the market at ‘wholesale in the month of July (+ 39% compared to June) while the consumption of electricity exceptionally high for the record heat and the need to adapt still upward system costs, in particular to support the extraordinary costs related to the end of the withdrawal mechanism of green certificates in 2016 and costs for incentives to energy efficiency.

For gas there was a slight drop in the raw materials component that reflects the downward expectations of forward rates in the wholesale markets in Italy and Europe, making it less noticeable what would be the normal dynamics of the markets on the upside due to the seasonal consumption. Cali that thanks to the reform of the Authority gases are immediately transferred to the final consumer, with a particularly significant on the eve of the highest consumption Autumn . The reduction of the raw material is more than offset mainly by the increase in transportation costs and the component for the gradual implementation of the reform gas.

The Unc: “Increases incomprehensible” – “A very bad news. It stops a decline that lasted continuously since the beginning of the year. For families who already struggle to get to the end of the month, a bad shot,” said Massimiliano Dona, Secretary of the National Consumers. “Despite attempts to explain the Authority, it is incomprehensible increases, given the decrease in both the price of oil and gas around the world. In any case it is high time that the government lower taxes, particularly on gas, since they account for 36,93% of the final price. Definitely a blunder, “said Dona.

Even the Post Office will be more expensive from October – Rates saltier, from October 1, also for the Post Office. The prices of the ordinary mail stamps went from 80 cents to 95 (with mail delivery in four days), while priority mail will have rates starting at 2.80 € (with next day delivery of shipments).

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Volkswagen case, Mueller: “In the coming days will recall 11 million cars” – The Republic

Milan – Volkswagen is preparing to enter the history of automotive recalls: the new CEO, Matthias Mueller, said its top managers that “in the coming days” will be considered to fall by dealers cars that mount the Software scandal, one that stacks the emissions during the test of approval, for its removal. It is 11 million vehicles it will be a maxi-operation that will cost billions to the German giant. The news, reported by Reuters , has emerged from a meeting with a thousand senior executives of the group, behind closed doors, where Mueller also announced a reorganization of the main brand of the VW group: he is given greater autonomy, as do luxury brands Audi and Porsche, in a bid to cut costs. “We can only proceed step by step, we have a long work to do,” said the CEO.

The news from Wolfsburg is overshadowing concerns reported by the Bank of Italy in Parliament hearing, according to which the dieselgate is added “This uncertainty in global markets” and constitutes a threat to the recovery. Is not enough, The Japanese government has ordered an investigation on the major car manufacturers premises (Toyota, Nissan, Mazda and Mitsubishi) and importers of European brands to see if their vehicles meet the standards on emissions of polluting gases. Similar measures have already been adopted by several other countries, including Britain, France and South Korea. The results of the checks, he announced Transport Minister, Akihiro Ohta, will be delivered next Friday. According to reports from Bloomberg , also Sweden is considering its own investigation.

The cars involved and references. The new CEO Mueller announced that “in the coming days,” the 11 million vehicles involved in the scandal will be recalled from dealers for a readjustment that will remove the offending programs. A big operation that will exceed 10 million recalled by Toyota (accelerator problems in 2009-2010), but even more numerous were the recalled vehicles for more homes for defective airbags. Analysts say it will cost more than 6.5 billion allocated so far it remains to be seen what the technical solution adopted to fall into line with permitted by law without the ‘trick’, but some experts have come to count more than 20 billion dollars in costs for the operation. Experts note that in fact a remedy at low prices to the replacement of ‘software makeup artist’ would be devastating to the performance of vehicles, causing competitors to take advantage of unscrupulous. In addition, customers would have good reasons to ask for damages, especially if at the same petrol can walk less kilometers. If you switched to the solution instead of adding a system of emission treatment, you would get the desired result without affecting the performance, but at the cost of thousands of dollars per car. And the bill so far did not consider the US fines for the scam, which for some will come to $ 18 billion. It updates the meantime details of VW vehicles involved in the scandal: the German company says that 1.8 million are commercial ones (vans and pickups) that mount the software deceiver, on 11 million total. For the rest, the count is currently about 5 million to Volkswagen, Audi 2.1 million and 1.2 million Skoda. Seat, however, confirmed that 700 thousand vehicles on which the software was installed.

Bank of Italy. In the hearing on the Def update note, before the budget committees of the Senate and House, the deputy director general of the Palazzo Koch, Luigi Federico Signorini pointed out that “this uncertainty in global markets has been added in recent days that connected with the possible effects are difficult to quantify, the Volkswagen scandal on the auto sector and the expectations of investors and consumers. ” Signorini said that “the euro area recovery has intensified since late last year,” but “to strengthen the European economy contrasts with a significant weakening of economic activity in China and other emerging economies. So far ‘ effect of this slowdown on the advanced economies did not affect us; it is a factor of uncertainty for the future could bring a reduction of the overall outlook for demand and inflation and a negative impact on investor confidence. “

Meanwhile continue the repercussions on the stock market for the title of Volkswagen, which is still suffering in Frankfurt. According to reports from the Financial Times , the sovereign fund of Qatar loses 12 billion dollars with falling stocks Volkswagen, Glencore and Agricultural Bank of China, three of its largest investment of its fund by 250 billion dollars. The only loss for the decline in stocks Volkswagen is 8.4 billion dollars. The action of the car manufacturer responsible for the scandal emissions, however, from October 6 will be deleted from the Dow Jones Sustainability Index which groups together companies (theoretically) with sustainability.

EMISSIONS rigged, COSI ‘FAN ALL

From Brussels raise the pressure on the home : “We expect explanations from Volkswagen, and the Commission wants the facts,” says Ricardo Cardoso, spokesman for the Commissioner for Industry, Elzbieta Bienkowska, to sidelines of the meeting between the same Bienkowska and Herbert Diess. The official noted that in Brussels is expected that the German automaker in the center of the scandal of diesel engines under “cooperate with the competent authorities and the rules”.

Bank of Italy: EU tax home online – TGCOM

13:00 – The day after the debate between EU and Renzi on property taxation, the Bank of Italy intervenes: “Italy is in line with the EU average” said Deputy Director General Luigi Federico Signorini. “The main residence are subject to taxation in all major markets, particularly in France, Germany, UK and Spain. The recurrent taxes on real estate amounted to 1.5% of GDP,” he said.

“tax profits to fund local authorities” – The property taxes, he added, “are in almost all cases the sole (or most) of the relevant local governments.” “Decisions on taxes have broader implications and responsibilities of Parliament” assess any change requests, Signorini said, referring to the intention of the government to cut taxes on first homes. But, he added, it is impossible not to note that “to some extent” the exemption first house “weakens an important element of fiscal federalism”.

“The economic literature – said the deputy director of the Bank of Italy – He sees the withdrawal estate on the first house as optimal from the point of view of the financing of local authorities. It can also have significant effects on the distribution plan: the exemption of the first house, for example, would result in a tax saving increases with the cadastral income of ‘ home “.

” We must eliminate the inequities “ -” The misalignment between tax bases and market values ​​generates phenomena of iniquity, whether vertical or horizontal, which may be removed with the updating of the register, the call to move quickly in this direction has been repeatedly reaffirmed by the European institutions, most recently in recommendations addressed to Italy last July under the European Semester. A simulation conducted on the families of the Survey of the Bank of Italy shows that the revaluation of land rents may make available resources to be used, with the same revenue, for restoring a system of deductions similar to that applied in 2012; it follows, as shown by studies of the Bank of Italy, a higher level of progressivity is applied to the IMU in 2012 is that of Tasi in 2014 “.

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Alitalia crash, sentenced former top – The Time

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Four convictions and three acquittals: ended well, in the courts of the Sixth Chamber criminal court of Rome, the process related to the collapse of the old Alitalia to losses of more than 4 billion through a series of operations “abnormal or unjustified from an economic and management” in the period between 2001 and 2007. Eight years and eight months imprisonment were inflicted Giancarlo Cimoli, President and Ad of the airline from May 2004 to February 2007, six and a half Pierluigi Ceschia, former head of corporate finance, six years Gabriele Spazzadeschi, then director of the Central Administration and Finance sector, five years to Francesco Mengozzi, CEO from February 2001 to February 2004. Acquitted former officials Giancarlo Zeni and Leopoldo Conforti, and Gennaro Tocci, former head of the Procurement and Asset Management Fleet. Bankruptcy, for distraction or dissipation, was the alleged offense by the prosecutor as the only Cimoli were attributed two episodes of market manipulation to spread, between November 2005 and the spring of 2006, of false news which may cause a significant change in the values ​​of the title Alitalia quoted on the financial markets. The court in Rome ruled that those convicted should compensate the plaintiffs for over 355 million euro in solid, of which 160 million only Giancarlo Cimoli. Money that will go, among others, to Alitalia Italian Airlines SpA, Alitalia Servizi SpA, Alitalia Airport SpA, Alitalia Express and Volare Spa spa, represented by special commissioners pro tempore.

For those convicted were granted extenuating circumstances, have been banned forever from public office and Legal disqualification for the duration of the sentence. Cimoli, who will have to pay a fine of 240,000 Euros, was also banned for a year by the possibility of taking executive positions in companies. The former directors must then pay a thousand injured, including shareholders and investors, for amounts ranging from 1500 to 73000 euro. Convictions have exceeded the demands made by the deputy prosecutor Nello Rossi and substitute Frascesca Loy.

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BTP with a slight delay on the Bund, weigh aversion to risk and auction – Reuters Italy

       

MILAN, Sept. 29 (Reuters) – Starting session in positive but modest lag behind the German counterpart to the Italian sub, which was affected by a climate which is widely averse risk in addition to the heavy date with the offer.

       

With the rods in the medium to long end of the month Treasury provides investors dgli between 6 and 8 billion new paper coated on BTP at 5 and 10 years, along with the new CCTeu December 2022.

       

Shortly after 9am on the TradeWeb platform scissor performance Italy / Germany tract decade stood at 118 basis points, more than two cents to close, while the tenth anniversary in June 2025 provides a rate of 1.748% to 1.759%.

        
       

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

       
          © Thomson Reuters 2015 All rights assigns Reuters.

Alitalia crash, sentenced former top: 8 years and 8 months Cimoli – AGI – Agenzia Journalistic Italy

19:50 September 28, 2015

(AGI) – Rome, Sept. 28 – Four convictions and three acquittals: you and ‘so close’, in the courts of the Sixth Criminal Chamber of the court of Rome, the process related to the collapse of the old Alitalia to losses of more than 4 billion euro through a series of operations “or abnormal unjustified in economic and management “in the period between 2001 and 2007. Eight years and eight months imprisonment were inflicted Giancarlo Cimoli, president and CEO of the airline, from May 2004 to February 2007, six and a half Pierluigi Ceschia, already ‘head of corporate finance, six years Gabriele Spazzadeschi, then director of the Central Administration and Finance sector, five years Francesco Mengozzi, CEO from February 2001 to February 2004.
acquitted, for not having committed the crime, former officials Giancarlo Zeni and Leopoldo Conforti, and, because ‘the offense is not, Gennaro Tocci, already’ Head of Purchasing and Fleet Asset Management. Bankruptcy, for distraction or dissipation, was the alleged offense by the prosecutor as the only Cimoli were attributed two episodes of market manipulation to spread, between November 2005 and the spring of 2006, of false news which may cause a significant change in the values ​​of the title Alitalia quoted on the financial markets. The Court set a series of compensation millionaires. This today and ‘one of the first judgments given by a court of one of the cases most’ serious dissipation ever in Italy. The judges have inflicted punishment far more ‘severe than those that had been stressed during the indictment, on June 30, by the deputy prosecutor Nello Rossi and by the prosecutor Maria Francesca Loy. Taking the floor that day, Rossi said that Alitalia “was a company ‘for actions that it’ s never been subjected to controls, which chose manager based on private law relationships and trust, which has been conducting business decisions not amenable attracting if ‘bondholders and shareholders without telling them that they entered into a bureaucratic bandwagon. Even today – had stressed the magistrate – for the extravagance in Alitalia pay a fee as citizens and as passengers. In this affair, characterized by gravity’ of the facts, they are the impressive economic and social data for the enormous damage done to the community ‘: were huge sums of money paid to Alitalia by the State, the sums lost by the State and the figures of the collapse and bankruptcy of the well-represented in the count of indictment. ”
the prosecutor in Rome, in short, “Alitalia has had pernicious effects on the economy of the country thanks to the conduct attributed to the leaders on trial. The leaders had the strength to withstand external pressures and on the contrary they have been granted that autonomy company to embark on economic operations foolish and reckless as we have to do over the years with a geometric progression of losses. “One above all: that advice “unjustified” by 51 million euro from 2004 to 2006 entrusted to a company ‘auditors when the national carrier already poured’ into serious waters. “In Alitalia – concluded Rossi – there have been contradictory and operations without rational reasons, Yet executives have received salary pharaonic without having healed nothing despite continued corporate restructuring plans that were the vehicle through which drain public and private resources. “Giancarlo Cimoli, Gabriele Spazzadeschi, Pierluigi Ceschia and Francesco Mengozzi, convicted the crash of the old Alitalia must pay over 355 million euro to the plaintiffs represented by the special commissioners pro tempore, and that ‘Alitalia Italian Airlines SpA, Alitalia Servizi SpA, Alitalia Airport SpA, Alitalia Express and Volare Spa spa. They damages – have established the judges of the Sixth Criminal Chamber of the court – resulting from the crime of bankruptcy. The only Cimoli, and that ‘held also pay a fine of 240 thousand euro, must’ pay 160 million euro.
The four defendants, which were granted extenuating circumstances, and ‘was applied in perpetual disqualification from public office and the Legal disqualification for the duration of the sentence. Cimoli, for a year, can not ‘take on executive positions in companies. The court, which has ordered the publication of the judgment on the online editions of two newspapers, has finally ordered that Cimoli and the other three return the sum they return the sum of a thousand injured, including shareholders and rispamiatori, for amounts ranging from a minimum of 1500 euro to a maximum of 73 thousand. (AGI).

Rai Way: to plan 57 million profit in 2019, 230 million in revenues – The Messenger

                         

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Saipem, Eni aims deconsolidated debt to separate financial structure – Reuters Italy

       

MILAN (Reuters) – The CEO of Eni, Claudio Descalzi, reaffirms the intention of the oil major of deconsolidated debt of Saipem, which controls 43% of the capital, but on timing and ways not lean.

       

“As for Saipem’s written all over the papers and you should ask them. Chiariamente Saipem is a jewel in Italy and is an extremely complete covering all fields of energy,” he explained during the 15th energy summit.

       

He added: “What we have always said is that we wanted deconsolidated debt because they have 100% of a company that controls 43% is fictitious because the company works to our competitors and is therefore healthier than any has its financial structure. We do not want to go out by Saipem, but we want to put ourselves in a correct situation where everyone manages and controls its finances “.

       

Asked if an announcement will be made on the occasion of the business plan of Saipem on 27 September Descalzi merely say that “what is the plan of Saipem.”

       

According to some sources, to Saipem deconsolidated debt of 5.5 billion euro, there would be several options in the study: the possibility that Eni yields a share of about 15-20% of Saipem to CDP and subsequently increased capital of no less than 3 billion no sottoscrito by Eni or the launch of a recapitalization in which Eni would not participate.

        
       

(Giancarlo Navach)

       

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

       
          © Thomson Reuters 2015 All rights assigns Reuters.

Istat: in September flies the confidence of consumers and businesses – Il Sole 24 Ore

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This article was published September 28, 2015 at 10:27.
The last change is the 28 September 2015 at 11:07.

Fly the confidence of consumers and businesses, reaching record levels for the last few years. To communicate is to Istat, explaining that the composite index of confidence of Italian companies (Jesi, “Istat economic sentiment indicator”) salt rising to 106.2 from 103.9 in August (ever so high by the end of 2007) while the index of consumer confidence increased to 112.7 from 109.3 in August (ever so high since March 2002).

Consumers, down unemployment expectations
All estimates of the components of the consumer confidence increase, up more substantial for the economic (to 143.2 from 133.1) but also for the staff (to 103.6 from 101, 4), the current (to 108.0 from 104.0) and future (to 122.0 from 117.7). Improve estimates in both the opinions of both the consumer expectations on the current economic situation of the country, with respective balances passing from -61 to -47 and 14 from 6. Respondents see a slowdown in price growth both in the past 12 months both in the next 12 months (to -19 from -14 and to -18 from -14 balances). Significantly diminish the expectations of unemployment (7 to 25).

Business confidence grows in all areas
For businesses, increases confidence in all sectors: the manufacturing sector (to 104.2 from 102, 7), the construction sector (to 123.3 from 119.5), the services market (to 112.2 from 110.0) and retail trade (to 108.8 from 107.8). In manufacturing companies improve both the opinions on orders (from -15 to -11, the balance) and the production expectations (from 11 to 12), while assessments on inventories remained stable (3). In construction improves both the opinions on orders and / or construction plans and expectations on employment (from -32 to -30 and -7 to -10, the respective balances). In companies of services make the judgments and expectations for orders (from 4 to 9 and 10 to 6, respectively) but not expectations on the general economy (16 to 19). In retailing improve judgments on current sales (16 to 14), while worsening expectations on future sales (to 28 from 29) and down are deemed inventories (10 from 12).

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