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  • 12 02 2018    Brescia Airport (SOCIETY)

    The cargo data of the Brescia airport for the first half of 2017 - according to the consolidated half-year report as at 30 June 2017 - show a positive trend of + 29.5%, for over 15 thousand tons handled at the airport. Cargo by air, with almost 4 thousand tons of goods handled, showed a rise of more than five times compared to the volumes of 2016. The trend is linked to the beginning of the activities of Sw Italy and Silk Way West Airlines (Silk Way group based in Azerbaijan), which have operated two weekly flights between Brescia and Hong Kong (via Baku) since March 2017. Determinants for the results were the increase of three aircrafts based at the Volotea airport running operations from 17 destinations in Verona; the growth in Ryanair flights, the new connections of Csa for Prague and Fly Ernest for Tirana; the boost of Transavia in Paris, the consolidation of Neos on Mediterranean and long-haul destinations. 2018 will be the year of the re-launch for the Brescia airport. Even if today it is almost entirely in charge of goods, a 360-degree of recovery, in the long term, is being expected. 
  • 07 02 2018    Italy remains the tenth largest steel producer worldwide (ECONOMY)

    Despite the sustained growth in steel production in China and other emerging countries, Italy does not lose ground as the leading steel producer ranking 10th in the world and leaving Ukraine and China Taiwan behind. Last year, according to the data from Worldsteel, domestic producers contributed a total of 24 million tons of steel in 2016, an increase of about 600,000 tons (up 2.9%) in 2017, reaching the highest level since 2013. An important conclusion to be drawn from it is that the current development of the Irv ironworks - especially considering the market's need for millions of tons of steel still lagging far behind - is far below its capacity potential. The years of the crisis seem to be behind us and the behavior of the downstream consumer sectors seem to indicate that this year will keep the same pace as the year just ended. The slight rebound in the Italian steel market is in parallel with a partial recovery of the European market, which are mainly thanks to the tariff barriers set against imports from China and other countries having unfairly commercial practices. As a result, the year can be closed with a total output of 168.7 million tons, up 4.1%. In contrast, Spain increased by 6.1%. France produced over 15 million tons and Germany recovered 3.5%. In 2017, China alone accounted for 49.2% of the world's steel production (49% in 2016), reaching 831.7 million tons and retaining number one in the rank; Japan followed after China and then was India with a breakthrough of 100 million tons, an increase of 6.2%, keeping momentum going upwards; The United States ranked fourth , followed by Russia and South Korea whose production reached71.1 million tons, an increase of 3.7% over the previous year. Behind the leading group resisted Germany (43.6 million tons), followed by Turkey. However, overtaking seems only a matter of time given the speed of growth of this nation into consideration: the production was 37.5 million tons in 2017, 13.1 percent more than in 2016. The last two positions in the ranking of the top ten world producers were occupied by Brazil (9.9% year-on-year increase in steel output from 343,000 tons to 34,400,000 tons) and Italy.
  • 29 01 2018     Travel insurance: one euro a day (SOCIETY)

    As soon as it is considered that we are going abroad, the purchase of travel insurance will be triggered automatically. Revolut, the British fintech with more than one million users throughout Europe, has also activated the new Pay-per-Day travel insurance service in Italy with rates starting from less than one euro a day, which uses the customer's geolocation via mobile to provide immediate health and dental coverage.
  • 22 01 2018    Europe Launches VAT Reform (LAW)

    Europe prepares the reform of VAT. After the approval, at the beginning of December, of the directive that updates the rules on intra-EU digital sales, yesterday Pierre Moscovici, the Commissioner for the Economy, presented the proposals on the flexibility of the national rates within a new reference "cage". The aim is to find out the way towards the unification of this important tax - on which the States not only build a large part of tax revenues that are used for the social policies - but also restore uniform rules of competition between companies. What’s more important, to plug the loopholes that still allow dramatic evasions and it is evaluated that at least 50 billion has been volatilized between fraud and evasion. Today just as far as the smallest companies are concerned (which represent 98% of the total companies in Europe), they are active in several markets but pay the highest competitive price due to the costs of administrative management of VAT: it is calculated 11% more for companies that act only on the domestic market. According to the technicians of Brussels, the tax (tends to be unified) in the EU area will allow savings of 18% in corporate compliance costs. In the proposal, in addition to the standard rate of not less than 15%, Member States may choose two reduced rates of between 5% and the basic rate, that is to say, a VAT exemption (or "zero rate") and a second ultra-subsidized echelon with a lower rate than the already reduced rate. By collaboration of various administrations, the Regulation 2017/2454 that has modified the basic text of the EU 2010/904 comes into force.
  • 08 01 2018    The most expensive and exclusive works of art under the hammer in 2017 (SOCIETY)

    The year of 2017 ended positively for the art market. At global level, there were clear signs of recovery compared to the performances of last year and the second half of 2015, when there was a significant slowdown. Let's see then what were the most expensive and disputed works in 2017. The recovery of the ancient classical masters. The Old Master Paintings, were not only awarded as of "the world's most expensive paintings", but re-struck the passion for classics in the heart of people. The debut of "Salvator Mundi", which was proven by the hand of Leonardo da Vinci (1452- 1519), was purchased on November 15 for $ 450 million at Christie's in New York. It will soon be seen at Saadiyat Island, under the large perforated dome of the Louvre in Abu Dhabi. Among the top prices of 2017, after the "Salvator Mundi", the view fell upon "The Rialto Bridge with the Palazzo dei Carmerlenghi" by Francesco Guardi (Venice, 1712-1793), which could be traced back to 1760 and reappeared only once at the market in 1891. It was purchased on July 6th for 26.2 million pounds at Christie's in London. The strength of the Impressionists and of the Modernists. Impressionist and modern paintings and post-war and contemporary art achieved striking auction prices in 2017, turning out to be the two most effervescent segments in the art market. As far as modern and impressionist art is concerned, at the top stands lay the painting by Vincent Van Gogh (1853-1890) at Christie's on November 15th in New York. His work "Laboureur dans un champ", drawn a year before his death by the painter, from the Nancy Lee Bass and Perry R. Bass collection, started from an estimate of 50 million and was bought for 81, 3 dollars, almost touching the auction record of the artist that dated back to May 15, 1990 when the "Portrait of Paul-Ferdinand Gachet" was sold at Christie's for 82.5 million dollars. Modern design. Immediately after the wonderful sculpture "Les Autruches bar" (1966) by François-Xavier Lalanne (1927-2008), we owed the best result obtained in 2017 to Diego Giacometti (1902-1985) with his modern design. The sculpture "Les Autruches" created by Lalanne between 1967 and 1970, in metal and white porcelain by Sèvres, came from the collections of Jacques Grange, a famous interior decorator and interior designer, who designed the residences of Paloma Picasso, Francis Ford Coppola and Pierre Bergé and Yves Saint Laurent. The work, in fact with a rare price, was sold for almost € 6.2 million from an estimate of € 700,000 - € 1,000,000 on November 21st in Paris. In addition to the sample awarded by Sotheby's, only two remained in private hands, while others can be found at the Manufacture Nationale de Sèvres and at the Palais de l'Elysée.