Economy and finance
751 news found
Economy and financeItalian extra-EU trade: exports and imports on the rise
Sells abroad are going strong especially in Türkiye, OPEC countries, ASEAN countries and UK /Istat Annex
In November 2024, Istat estimates, for trade with non-EU27 countries, a strong cyclical increase for both flows, slightly larger for exports (+5.6%) than for imports (+5.3%). The monthly increase in exports... more
Economy and financeAmbienta cedes Wateralia
The fund will continue to support the company for investments in the water sector
Ambienta Sgr, one of the largest asset managers in Europe focused entirely on environmental sustainability, announces the divestment of Wateralia, platform company of the Fondo Ambienta III. Wateralia... more
Economy and financeNestlé awards Nigerian students: 5 of them will receive internships in Switzerland
Needs YOUth Program is investing in new African human resources
For the thirteenth consecutive year, Nestlé has awarded twenty young Nigerians who completed their technical training program in Agbara with highly recognized City & Guilds certifications. Additionally,... more
Economy and financeWomen and young people in agriculture: EIB funding of 3 billion euros
Soil health, digital tools, water management and climate resilience among the objectives of the package
European Investment Bank (EIB) Group President Nadia Calviño has announced a €3 billion financing package for agriculture, forestry and fisheries across Europe, along with measures to strengthen agricultural in... more
Economy and financeLigabue (maritime catering), contracts for 500 million
The Venetian society signs agreements in Algeria, Kazakhstan and area of the Gulf: closing 2024 revenues +22.5%
As it expands its portfolio and continues its expansion abroad, it strengthens its positioning and global leadership in the primary backbone of Energia della Ligabue S.p.a., a company founded in 1919 in... more
Economy and financeEurostat, two-speed retail sales in Europe
In October, the seasonally adjusted volume of trade falls by 0.5% in the Euro area and by 0.3% in the EU-27
Mixed data from the Eurozone’s retail sales in October 2024. According to Eurostat, the European Union’s statistical office, in October 2024 compared with September 2024, the seasonally adjusted volume of... more
Economy and financeEU. Eurostat: spice imports at 339,800 tons in 2023
Volumes increased by 44% in 10 years. Ginger (114 thousand tons) and paprika (110,600 thousand) at the top of the ranking
In 2023, the European Union imported 339,800 tonnes of spices from non-EU countries. China was the main supplier of spices, accounting for 39% of all spice imports to the EU, according to Eurostat. The... more
Economy and financeHenoto Group (BolognaFiere) shopping in the Usa
Acquired FM Exhibit based in Atlanta (Georgia), specialized in exhibition venues
The Usa, Mexico, the Middle East and Asia are among the most attractive foreign markets for Italian companies, areas at the heart of all export strategies and where our main brands are entering to open... more
Economy and financeCreation of a health fund by 21 Invest (Benetton)
Closing at 70 million euro and target at 150 million: invests in nutraceutical and wellbeing companies
The first specialised fund of 21 Invest, a European investment group founded by Alessandro Benetton with offices in Italy, France and Poland, is born. The new fund is called 21 Invest Healthcare, and it... more
Economy and financeNestlé increasingly supporting employees
For the fifth consecutive year, the group is ranked among the "World's Best Employers"
For the fifth year in a row, Nestlé was named one of the "World's Best Employers" by Forbes, consistently improving its placement each year in both global and category rankings. The list is based on input... more
Economy and financeTrump, Pimco confirms fears about the policy of duties
China under pressure: "investigations" begin for other tariffs
Donald Trump has won his second (and last) mandate to the White House, and this time, the Republicans have managed to win a majority in both the Senate and the House, situation that will allow the new... more
Economy and financeEViso first quarter closed with strong growth
July to september revenues +67%: Smartmele platform delivered 159 tons of fresh apples
EViso, a company listed on the Euronext Growth Milan market and owner of an artificial intelligence infrastructure operating in the raw materials sector (electricity, gas, apples), announced the main figures... more
Economy and financeDe' Longhi, 9 months of growth
Revenues up 11.6% to over 2.2 billion euros
The De' Longhi Group approved the consolidated results for the first nine months of 2024, with revenues of over 2.229 billion Euros, up 11.6% (4.1% at constant perimeter) compared to a year earlier. The... more
Economy and financeEU: agricultural production value drops in 2023
Eurostat: trend reversal compared to the increase that began in 2010 and culminated in 2022
According to Eurostat, in 2023, agricultural production in the European Union was valued at €537.1 billion at basic prices, down 1.5% compared to 2022 (€545.4 billion). This slight decline compared to... more
Economy and financePozzi (EasyLife), order of 1.6 million from Poland
New contract for the company active in the table fashion sector
Pozzi Milano, a company active in the table fashion sector, announces the acquisition "from an important European distribution chain" of a new order worth more than 1.6 million euros, related to the sale... more
Economy and financeNestlé Italy: Paid Corporate Volunteering for at Least 450 Employees
To the Group, a medal of merit from the Red Cross for the support provided during the Covid emergency
Projects launched for the social and work inclusion of people with disabilities and refugees more
Economy and financeIntesa Sanpaolo/2. SMEs account for half of Italian exports
Italian investments increase by 35.7% from 2016 to 2023, compared to Germany which improves by only 4.5%
In recent years, the Italian economy has shown better growth than the average growth of the euro area. An important boost has come from the excellent results obtained on international markets, where Italian... more
Economy and financeIntesa Sanpaolo. Foreign "Winning Companies" Rewarded
Barrese (Territorial Bank Division): "Central-Southeastern Europe markets grew by 34% in 4 years"
In the agri-food sector, the Hungarian Ovarte was awarded. more
Economy and financeFive days before delisting, Ivs acquires the Spanish company Sentil
Borsa Italiana confirms the withdrawal from listing on 30 October for the vending group
Five days before the stock exchange meeting that will decide on delisting of the title, scheduled for 30 october following the successful takeover bid by Lavazza Ivs, through its 100% subsidiary D.A.V.... more
Economy and financeCovivio is strong in Europe with the hotel industry
Dynamic quarter with revenues of 509 million euros
Covivio, one of the largest real estate operators in Europe with 23 billion euros in assets, has released financial data for the third quarter 2024, which show a "very favourable dynamic in all business... more
Economy and financeFood industry: italian export boom (+9.3%) in the first seven months of 2024
Federalimentare estimates a record result for the end of the year, for a value of 57 billion euros
From cheese to sweets, from wine to cured meats, Italy continues to conquer palates around the world. If the trend of the first seven months of the year is confirmed (+9.3%), exports in the sector will... more
Economy and financeBarry Callebaut, gradual closure in Verbania
Mimit’s request accepted: the site is now being reindustrialised
Goodbye to the Barry Callebaut chocolate production in the Intra factory, in Verbania, but without any shock for the occupation. The Italian ministry of Enterprises says in a note that the factory would... more
Economy and financeMuller, the UK antitrust says yes to the acquisition of Yew Tree Dairy
The Cma gives the green light to the British expansion of the German dairy group; closing by the end of the year
The German Müller sighs of happiness. The company famous for its yogurts (and for the claim "Make love with flavor) announced that it has received approval from Cma, the Competition and Market Authority... more
Economy and financeTupperware sells business to lenders
Transaction of $ 23,5 million in cash and 63 of reduction of the debt: born The New Tupperware Company
Tupperware Brands, a historic American company of containers for takeaway food, after being declared bankrupt on 18 September has decided to accept the sale of its business to a group of lenders for $23,5... more
Economy and financeFilippo Antonio De Cecco confirmed at the helm of the pasta factory
Approved 2023 consolidated budget closed with revenues at 630 million. Pugliese (former Conad) joins the board of directors
New stable family majority. Group aims to reach 1 billion in sales in five years. more
Economy and financeEcomondo, Italy at the heart of green economy
Presented the event organized by IEG from 5 to 8 november at the Rimini Fair
The 27th edition of Ecomondo, an event organized by Italian Exhibition Group and part of the "Season of Fairs" 2024-2025 just presented by Italian exhibition group, was presented at the Chamber of Deputies.... more
Economy and financeNestlé Confirmed as Most Loved by University Students
For the 16th consecutive year, the Group wins the award as the most attractive company
Nestlé has once again been voted as one of the World's Most Attractive Employers by university students, marking the 16th consecutive year of this prestigious recognition. In the annual survey conducted... more
Economy and financeUnilever sells its activities in Russia and Belarus
The sale to local producer Arnest Group is confirmed
Unilever has confirmed that it has completed the divestment of its Russian subsidiary and related business in Belarus to Arnest Group, a local manufacturer of perfumes, cosmetics and household products.... more
Economy and financeIsmea: Italian agri-food exports approaching 70 billion euros
The sector's trade balance returns to a surplus of over 430 million euros/Annex
Germany, France and the United States remain the top three destinations, followed by the United Kingdom, Spain, the Netherlands, Switzerland, Belgium, Poland and Austria. Among the growing sectors, cereal derivatives stand out, with an 8% increase in value. more
Economy and financeXFarm Technologies, third round of funding
For the app that manages farms € 36 million to expand in South America, Turkey, India
XFarm Technologies, the farm management app for the Swiss tech company that aims at digitalizing the agri-food sector, has closed a round of C series of 36 million Euro, round that follows the series B... more
Economy and financeIntesa Sanpaolo supports Italian SMEs in the UAE
Food and agricultural technologies among the sectors most encouraged by government authorities
“Doing business with the United Arab Emirates” is the title and objective of the digital seminar dedicated to Italian SMEs created by Intesa Sanpaolo in collaboration with the Italian Embassy in Abu Dha... more
Economy and financeBearish volatility: commodities react to the extension of the Eudr
At the announcement of the postponement, prices for cocoa beans fell by 3%, coffee -6% and soybean flour -1.3
As the commodity reported last week that the European Commission has proposed to postpone by twelve months the entry into force of the deforestation regulation, the so-called Eudr, European Deforestation-free... more
Economy and financeUnigrains Iberia joins Taste of Italy 2 in the capital of Ñaming
The acquisition in the context of a syndication carried out by DeA Capital Alternative Funds Sgr
Unigrains Iberia has acquired a stake in Ñaming, a Spanish company that produces sandwiches and other ready meals, as part of a syndication carried out by DeA Capital Alternative Funds Sgr, the management... more
Economy and financeFinance and retail, 14 deals closed this year for 208 million euros
La Piadineria, Fra Diavolo, Temakinho among the operations of the catering sector. Confimprese: serve to attract investment
The first half of 2024 starts well for financial operations in Italian retail. Confimprese says that so far this year, 14 financial operations have been announced and largely closed, 8 of them in the first... more
Economy and financeCopa Cogeca: EU good decision on postponement of deforestation
It was one of the bodies that pushed for extension
"European primary producers and various industries welcome the European Commission’s proposal to extend the implementation period of the EU Deforestation Regulation (EUDR) by another 12 months". This i... more
Economy and financeFerrero operational at Kinder Bueno plant in Illinois
Expansion of more than 15,700 square meters for the site of Bloomington destined to the bar so dear to the "yankees"
Ferrero North America has opened its new Kinder Bueno production facility in Bloomington, Illinois, USA. The expansion is the result of an investment of 214 million dollars announced for the first time... more
Economy and financeCourt of Auditors EU: Green Deal goals far away
Lausanne auditors are hitting Europe: Green national plans
Someone had said it. Focusing on two issues such as security and competitiveness the Green deal is second to none, it appears as a "non-priority". The president of the EU Commission, Ursula von der Leyen,... more
Economy and financeCoffee. Germany leads extra-EU imports. Italy follows
However, Italy holds the record for roasted coffee production (556,500 tons) in 2023
In 2023, the European Union imported 2.7 million tons of coffee from non-EU countries, for a value of 10.6 billion euros. The quantity remained almost stable compared to 2013 (also 2.7 million tons), but... more
Economy and financeLongino & Cardenal, 1H24 in recovery
Ebitda returns to positive at 300 thousand euros: revenues at 17.3 million, +3.5% year-on-year
The growth trend of the main economic indicators continues at Longino & Cardenal, active in the research, selection and distribution of rare and valuable foods and reference point for national and international... more
Economy and financeCommodities. Butter and cream: skyrocketing prices
Sugar and crude palm oil prices rise, but to a lesser extent. Lentils fall sharply
According to Aretè's weekly report, butter and cream prices are consolidating a record bullish trend. The EU reference for 82% butter, listed on the German Kempten market, reached a historic record of... more
Economy and financeEurostat: Agricultural prices down (-3%) on an annual basis in the Q2 2024
The sharpest decrease concerns lemons and limes (-48%), while olive oil continues to increase (+41%)
According to Eurostat, in the second quarter of 2024, agricultural prices in the European Union decreased for both outputs and non-investment related inputs. The average price of agricultural production... more
Economy and financeNestlé Celebrates 10th Anniversary of Global Alliance for YOUth
Over 40 million professional development opportunities for young people around the world aged between 18 and 30
The Global Alliance for YOUth is celebrating its first decade of existence this year. It is a corporate alliance created and co-founded by Nestlé to help young people advance their careers and find opportunities.... more
Economy and financeNutkao, transaction in closing with Morocco's sovereign wealth fund
White Bridge fund will sell Piedmontese confectionery company to Teralys
It was coveted by many Nutkao, in which Spain's Natra seemed interested a couple of months ago and one step away from acquisition. But no. The Piedmontese bigwig (from Canove di Govone, in the province... more
Economy and financeF.lli Polli sold at Platinum equity
The family retains a minority share
The indiscretion we gave a few days ago has been confirmed. The Italian F.lli Polli is no longer Italian: those who until ten days ago were only "rumors" of a possible interest by Platinum, an American... more
Economy and financeMisitano & Stracuzzi, the semester flies
Sales revenues +9.3%, profit +48.4%. Event with analysts on September 25th
Misitano & Stracuzzi, listed on Euronext Growth Milan and active in the citrus essences sector, today approved its first half-year 2024 financial statements, which ended with a strong increase. Sales revenues... more
Economy and financeCampari earthquake, the CEO Fantacchiotti leaves
Marchesini and Di Fede interim co-CEO in his place
There is no peace for Campari. The headline, which yesterday had recovered from some of its recent losses in the wake of the news of the acquisition of a minority stake in Capevin Holdings Proprietary... more
Economy and financeEU: Inflation rate (+2.2%) to fall in August 2024
Food & beverage is the second most important sector in the increase in prices (+0.46%)
The annual inflation rate in the euro area was 2.2% in August 2024, down from 2.6% in July. A year earlier, the rate was 5.2%. The annual inflation in the European Union was 2.4% in August 2024, down from... more
Economy and financeUnigrains bets on Beillevaire cheeses
Thanks to the agri-food fund, three acquisitions of French brands
The investment fund Unigrains supports the French dairy group Beillevaire, which has acquired three cheese producers, thus accelerating its external growth strategy. As the official statement of Beillevaire... more
Economy and financeIvs Group's Public Offer. Lavazza closer to the goal: 90% of the participants
Grey vehicle has passed the threshold: time until 27 September to join
New step forward for the takeover of Lavazza on vending by Ivs Group. After a few days ago we had announced the 51% level of accessions, yesterday the bidder announced that, considering the accessions... more
Economy and financeCampari recovers on the stock exchange: the market likes the minority of Capevin
Operation of over 82 million euros financed "using available liquidity"
Campari has closed today’s session of Stock Exchange in Piazza Affari in red of a "light" -0.6%. Get back some of the title, then, after the falls of recent days. Today’s announcement about the completion of... more