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This article is published in association with European Investment Bank. The European Investment Bank (EIB) has signed a €70 million Scale-Up Debt financing agreement with Scalapay, an Italian fintech founded in 2019 and now among Europe’s leading players in the Buy Now Pay Later (BNPL) sector. The announcement was signed in Milan by EIB Vice-President Gelsomina […]
This article is published in association with European Investment Bank. The European Investment Bank (EIB) is providing up to €800 million to support Edison’s investment plan to promote Italy’s energy transition. The EIB funds will be allocated through several loan agreements. The first €200 million agreement was signed today during a meeting between EIB Vice-President Gelsomina Vigliotti and […]
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and Mediobanca have signed a new €100 million agreement designed to improve access to credit for Italian small and medium-sized enterprises (SMEs), with a particular focus on microenterprises, female-led entrepreneurs and businesses operating in cohesion regions. This €100 million contract was […]
This article is published in association with European Investment Bank. The European Investment Bank (EIB) has announced a €30 million loan to Azienda Comprensoriale Acquedottistica S.p.A (ACA), the utility company providing integrated water services to around 450 000 people in the Italian provinces of Pescara, Chieti and Teramo. The first €20 million tranche was signed by the Head of the […]
This article is brought to you in association with the European Commission. Today, the Commission disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal and Romania, totalling €26.8 billion in loans and grants. The total disbursed under the RRF has now reached over €300 billion. This important milestone reflect the scale […]
This article is published in association with European Investment Bank. The European Investment Bank (EIB) is providing €243 million in financing to leading independent clean wind and solar energy operator ERG Group to promote the development of renewable energy in Italy, France and Germany. These operations will contribute to achieving EU renewable energy targets and help beneficiary […]
This article is published in association with European Investment Bank. Today the European Investment Bank (EIB) has announced €100 million in financing for Marcegaglia, the Mantua-based steel group. This operation will support the group’s €170 million investment plan. The operation was finalised this morning at the group’s historic headquarters in Gazoldo degli Ippoliti, as the loan was signed by heads […]
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and Cassa Depositi e Prestiti (CDP) have announced an agreement to strengthen their cooperation to promote public sector investment in key sectors of the Italian economy. Up to €1 billion in new funds will support sustainable regional growth and public sector investment […]
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and Intesa Sanpaolo have agreed on a new initiative with the potential to unlock investment of up to €8 billion for the European wind industry. It forms part of the EIB’s €5 billion wind power package, an investment plan announced by the EU […]
This article is published in association with European Investment Bank. The European Investment Bank (EIB), Natixis Corporate & Investment Banking (Natixis CIB) and the Sunprime Group have signed a project finance operation worth €204 million to finance one of the largest photovoltaic portfolios in Italy. This loan will support the construction and operation of more than […]
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and Snam have signed a financing agreement for €100 million to support energy improvement projects in public buildings and energy efficiency measures for industrial activities. The framework financing agreement can be used in several tranches over three years. Each tranche will […]
This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, an Italian scheme to support a total of 4590 MW of new capacity for electricity production from renewable energy sources. The scheme contributes to the EU’s strategic objectives relating to the European Green Deal, […]
This article is brought to you in association with the European Commission. Today, the Commission decided to refer Italy back to the Court of Justice of the European Union for failing to fully comply with a Court judgment of 10 April 2014 on urban waste water treatment. At the time, the Court found that Italy had […]
This article is brought to you in association with the European Commission. Following a new request for assistance from Italy, the EU has mobilised offers of pumping equipment from Austria, Bulgaria, Germany, France, Poland, Romania, Slovenia and Slovakia via the EU Civil Protection Mechanism to help the Italian authorities deal with heavy floods. The request comes […]
This article is brought to you in association with the European Commission. The European Commission has found Italy’s plan to enable the transfer of certain State guaranteed loans to a newly created platform managed by AMCO S.p.A. to be free of any State aid. The Commission found that, under the scheme, the Italian State will be […]
This article is brought to you in association with the European Commission. The European Commission has today disbursed €24.9 billion to Italy in pre-financing, equivalent to 13% of the country’s grant and loan allocation under the Recovery and Resilience Facility (RRF). Italy is one of the first countries receiving a pre-financing payment under the RRF. The […]
This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, a €430 million Italian measure to compensate ski lift operators for the damages suffered due to the restrictive measures introduced by the Italian government to limit the spread of the coronavirus, which prohibited the […]
This article is brought to you in association with the European Commission. In response to Italy’s request for assistance through the EU Civil Protection Mechanism to help in the fight against the ongoing wildfires in Sardinia, the EU is mobilising immediate support from France and Greece. Janez Lenarčič, Commissioner for Crisis Management, said: “I thank France […]
This article is brought to you in association with the European Commission. The European Commission has approved a €2.5 billion Italian scheme to support self-employed individuals and certain healthcare professionals in the context of the coronavirus outbreak, by partially exempting them from social security contributions. The scheme was approved under the State aid Temporary Framework. Executive […]
This article is brought to you in association with the European Commission. The Commission has received official recovery and resilience plans from Belgium, Italy, Austria, and Slovenia. These plans set out the reforms and public investment projects that each Member State plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF […]
This article is brought to you in association with the European Commission. The European Commission has required Italy to abolish the corporate tax exemptions granted to its ports, in order to align its tax regime with EU State aid rules. Profits earned by port authorities from economic activities must be taxed under normal national corporate tax […]
This article was written by one of our passionate readers, Mr. Tomasso Merlo. The opinions expressed within reflect only the writer’s views and not The European Sting’s position on the issue. The populist wave has brought out a more crude and extremist right than the traditional one. The big political question is whether we are […]
This article is brought to you in association with the European Commission. The European Commission has disbursed a total of €17 billion to Italy, Spain and Poland in the first instalment of financial support to Member States under the SURE instrument. As part of today’s operations, Italy has received €10 billion, Spain €6 billion, and Poland […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Edmond, Senior Writer, Formative Content Italian divers have freed a sperm whale caught in discarded fishing nets. It is just one of many whales, dolphins, turtles and other marine mammals that get caught in ghost nets each […]
This article is brought to you in association with the European Parliament. Parliament on Wednesday approved €279 million in EU aid following extreme weather events in Austria, Italy, Portugal and Spain in 2019. The report by José Manuel Fernandes, (EPP, PT) was adopted by 680 votes in favour, 7 against and 1 abstention, to allocate €279 […]
This article is brought to you in association with the European Commission. The European Commission received its first preliminary application for financial support from the EU Solidarity Fund from Italy to address the coronavirus outbreak and its effects. Italy is expected to submit further details in the weeks to come. Since 1 April 2020, following the […]
This article is brought to you in association with the European Commission. In these challenging times, when the whole world is struggling with the novel coronavirus, I am particularly proud that today I can announce a team of European doctors and nurses from Romania and another one from Norway to (have been) be deployed to Italy. […]
This article is brought to you in association with the European Commission. The European Commission is referring Italy to the Court of Justice of the EU because its system of access to genetic resources from non-EU countries is considered to be dysfunctional. These dysfunctionalities damage the ability of companies established in Italy to tap the benefits […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Francesco Daveri, Professor of Macroeconomics and Director of Full-time MBA program, SDA Bocconi School of Management & Gianmario Verona, Rector, Bocconi University Investors can find good opportunities in Italy – despite its economic reputation. Political instability doesn’t translate […]
This article was first published at The European Union’s Judicial Cooperation Unit An international police operation carried out today, supported by Eurojust and Europol, dismantled an international organised crime group involved in large-scale trafficking of Greek archaeological items looted from Calabria, Italy, resulting in 23 arrests and 103 searches and seizures, yielding approximately 10 000 […]
The G7 yearly summits are supposed to strengthen the unity of the world’s wealthiest democracies vis-à-vis the rest of the world. Not anymore, many say, but this time there is one important exception: Iran. The leaders of France, Britain, Germany, Italy, Canada, Japan and of course the US, met during the weekend in the coastal […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content Just finished a drink? What if, instead of ending up in the trash, the container could go towards your metro fare? That’s an option just introduced in Rome, where citizens can get €0.05 […]
This article is brought to you in association with the European Commission. The Commission took stock today of the additional fiscal effort announced by the Italian authorities this week and concluded that it was material enough not to propose to the Council the opening of an Excessive Deficit Procedure (EDP) for Italy’s lack of compliance with the […]
