China’s soft power: The coronavirus pandemic has given President Xi Jinping’s administration the opportunity to continue…
Italy
Business news and investment opportunities in Italy
STATS
Source: World Bank
Currency: EuroGDP: 2.084 trillion USD (2018)
GDP per capita: 34,483.20 USD (2018)
GDP growth rate: 0.8% annual change (2018)
GNI per capita: 42,290 PPP dollars (2018)
Gross national income: 2.555 trillion PPP dollars (2018)
Internet users: 61.3% of the population (2017)
Gross national income: 2.555 trillion PPP dollars (2018)
Internet users: 61.3% of the population (2017)
Gas standoff in East Mediterranean as Turkey confronts Eni drillship
Tensions between Turkey and Cyprus over ownership of offshore hydrocarbon resources in the Mediterranean flared up…
Milan takes fast train to China
Milan became the latest European city to join up to China’s Belt and Road initiative last…
Rosneft buys stake in giant Zohr field
Russian energy major Rosneft is to pay Italy’s Eni $1.125bn for a 30% stake in Egypt’s…
TAP on course to deliver Caspian gas to Europe by 2020
Europe should have access to gas supplies from Azerbaijan by way of the Trans Adriatic Pipeline…
Italian regulators probe finances behind Glencore-Rosneft deal
Financial regulators in Rome are examining whether Intesa Sanpaolo’s financing of Glencore‘s recent investment in Russian…
EU extends Russian sanctions – but rift widens with Tillerson appointment
Russian sanctions: As widely anticipated, European Union leaders last week voted to extend economic sanctions against Russia over the…
Eni sells Zohr stake to Rosneft and gives Qatar a foothold in the Med
Just weeks after snapping up the Russian government’s stake in Bashneft for around $5bn and days…
Chinese consortium ready to buy AC Milan from Berlusconi’s Fininvest
A Chinese consortium has agreed to buy an 80% stake in the Italian Serie A soccer club…
Tsipras launches construction work on 870km TAP Trans Adriatic Pipeline
Greek Prime Minister Alexis Tsipras yesterday joined other senior officials at a ground-breaking ceremony to mark…
EC approves Trans Adriatic Pipeline
The European Commission yesterday approved the Host Government Agreement between Greece and the Trans Adriatic Pipeline…
Gazprom secures access to ITGI Poseidon pipeline for gas transit to Europe
Russian gas giant Gazprom’s CEO Alexei Miller has signed an MoU with his counterparts in…
Italy’s Maire Tecnimont signs €1bn petrochemical deal with Iran
The Italian engineering company Maire Tecnimont has signed a €1bn agreement with Persian Gulf Petrochemical Industries (PGPIC) to…
Saipem slaps €759m lawsuit on Gazprom for South Stream cancellation
Italian contractor Saipem has filed a €759m claim against Gazprom for cancelling the contract for the construction…
Iran and Italy sign $18.4bn in contracts on Rouhani’s European roadshow
Iran and Italy have signed multi-billion dollar contracts covering various sectors including health, transportation, agriculture and…
Italy’s Denali and Fata plan €4bn Iranian steel investment
Iranian Mines and Industries Development and Renovation Organization (IMIDRO) announced on Wednesday two Italian companies, Denali and Fata…
Eni discovers ‘supergiant’ gas field off Egypt
The Italian energy company Eni has discovered a “super giant” natural gas field off the Mediterranean coast of…
Gazprom terminates Saipem Turkish Stream contract
Saipem, Italy’s biggest oil-and-gas contractor, has lost its $2.2bn contract to lay the Turkish Strean gas pipeline under…
Eni secures joint subsoil use rights for Isatay block in Caspian Sea
Kazakhstan’s KazMunayGas (KMG) has announced that it has transferred 50% of subsoil use rights of the Isatay…
Business as usual for oil sector as CEOs get set to descend on St Petersburg for SPIEF
Senior executives from some of the world’s biggest oil companies – including BP, Royal Dutch Shell…
Italy gives green light to Trans Adriatic Pipeline (TAP)
The Italian government has officially given the go-ahead for the construction of the Trans Adriatic Pipeline (TAP),…
Sanctions cost Italy over €5bn, bank chief estimates
Sanctions cost Italy over €5bn: The sanctions imposed on Russia by the EU after the annexation…
Italy and RDIF to set up $Ibn investment fund
Italy and RDIF to set up $Ibn investment fund: Following talks between Russia’s President Vladimir Putin…
Saipem subsidiary wins Kashagan pipeline contract worth $1.8bn
Saipem subsidiary wins Kashagan pipeline contract: Italian oil and gas contractor Saipem’s ERSAI Caspian Contractor subsidiary…