The retail industry experienced positive results at the level of October 2016, as the sales registered in this field increased by 1.2%. The month of October marks a positive trend for the retail sales, as in the previous three months the field did not registered very good results. Businessmen who are interested in opening a company in Italy should know that the development related to the retail sales represented the highest increase recorded in the last two years. Our team of lawyers in Italy can provide more information on the regulations related to the retail industry.
The world’s oldest bank, Monte dei Paschi din Siena (BMPS), was rescued by the Italian authorities through a state-funded operation. The local authorities have approved the rescue plan, which will have positive effects on the businessmen who have invested their financial assets in this entity. The overall value of the financial assistance provided to the BMPS is established at EUR 20 billion. Businessmen interested in investing in Italy can find out more details on the legal aspects from our team of lawyers in Italy.
An important Italian industry which is expected to grow in 2017 is the automotive sector. By the end of 2016, the car industry in Italy will reach to 1.8 million sold vehicles, while for 2017, the projections are showing that the car sales can increase up to 11% compared to the situation of 2016, reaching more than 2,000,000 vehicles. Businessmen who are interested in setting up a company in this field are required to obtain a set of designated special permits and licenses and our team of lawyers in Italy can assist with legal advice related to this subject.
The Italian Trade Agency will soon have a branch office in United Arab Emirates (UAE), set up in order to promote the business relations between the two states. The Italian Trade Agency (ITA) has as main objective the development of the Italian companies on the international market. Businessmen who want to open a company in Italy can benefit from the effects of the agreement established by the two countries. Those who need further details on the business opportunities that can arise from this new partnership can address to our team of Italian lawyers for assistance.
Entrepreneurs who perform business activities in many countries find themselves sometimes in the situation of being accused of different crimes and they need good lawyers to defend them until the case is clarified.
Italian businessmen have numerous business opportunities in Romania, as the trading relations between the two states are strong. One of the main arguments in this sense refers to the to the fact that, according to the data presented by the Romanian National Institute of Statistics, the trade between the two countries had at a total value of EUR 13,64 billion in 2015, which represents an increase of 8,55% compared to the situation of 2014. Our team of Italian lawyers can provide legal assistance on the ways in which a company can be incorporated in Romania.
The internet infrastructure will soon be developed in Italy, as an effect of a measure taken by the local government. Investors interested to set their business operations in Italy are advised to invest on the Italian market. However, other types of businesses can benefit from the positive effects (one of them is referring to the internet speed, which can sustain more commercial operations) of the measure. Our team of Italian lawyers can assist foreign investors with an extensive presentation on the Italian internet infrastructure.
The persons who were victims of different types of accidents, medical malpractice, defective products etc. are entitled to financial compensations for their pain and financial losses, if there is a natural person or legal entity that is at fault for the accident or case.
Italy is recognized at an international level for its high quality wines. At the same time, the country is one of the most important economies in this field and it is customarily to see the state in the top positions related to wine exports. 2015 brought a further development in the industry, as the export sales hit a record value of EUR 5,4 billion, increasing with more than 5% its value, compared to the results of 2014. Foreign investors interested in the wine industry are advised to set their operations here and our team of Italian lawyers can offer more details on the characteristics of this market.
Singapore can serve as an entrance to the Asia-Pacific region for Italian industries and Italy offers many business opportunities for Singapore entrepreneurs to discover. Singapore is already the largest export destination for Italy in south-east Asia, with more than 500 Italian corporations operating there, including brands like Prada, Ferrero and Ferragamo. Bilateral trade and investment will receive a further improvement when the European Union-Singapore Free Trade Agreement (FTA) will be approved, as Singapore President, Tony Tan Keng Yam recently confirmed.
Several cities in Italy have recently been mentioned as being the “smart” settlements, on a scale measuring more than 470 indicators. The study was presented in the “Smart City Index”, a report analyzing the variety of services provided for better living conditions in those particular places. Our team of attorneys in Italy can provide assistance on the most representative factors which determine the quality of live and services available here.
Italy recently recovered after a long period of economic issues. The economic improvement can be seen in a decrease of the unemployment rate, but also on the trading relations established between Italy and other countries. There is a trend in this sense, and recently, companies with activities in Italy declared that they are interested in expanding their operations in Vietnam, where there are several business opportunities favorable to Italian investors. Entrepreneurs interested in receiving more details on this matter can address to our team of Italian lawyers for more information.
Italian start-ups are now sustained with the help of modern means; crowd-funding activity has recently developed throughout the world, and it refers to a new way of funding businesses and innovative ideas. Italy can now provide a crowd-funding platform which can bring together start-ups that need funding to promote and sell a certain idea – represented by a product or a service, and the businessmen who are interested in investing in a start-up that can become available for mass production. Entrepreneurs who want to promote a start-up in Italy or foreign businessmen who want to invest in local start-ups can receive an in-depth presentation on this matter from our team of Italian attorneys.
Foreign investors interested in the investment projects carried out by the Italian state should know that the representatives of the country have established new trade opportunities with Pakistan, a partner with which Italy has already signed several trading projects. The representatives of the two contracting states are interested in further developing their trading relationship outside the traditional trade contracts they have signed, which is established in the textile sector. Businessmen who want to receive more information on the Italian investment projects can receive assistance on this matter from our team of lawyers in Italy.
Italy started 2016 with good economic prospects, which were recorded in many financial sectors. Italy concluded an important trade agreement with Iran, which will soon have positive impacts on both economies as predicted by the forecasts; at the same time, the state also reported a decrease in the unemployment level, which is an indicator of a more stable market. Foreign investors interested in the business environment available in Italy can receive an in-depth presentation on the characteristics of the Italian workforce from our team of lawyers.
Foreign investors interested in the business market in Italy should know that the country had good economic results at the end of 2015. The National Institute of Statistics of Italy (Istat) has recently released a report on the economic situation, stating that the Gross Domestic Product (GDP) increased by 0.8% in 2015. Businessmen who want to set up a company in Italy can receive more information on the local economy from our team of Italian lawyers.
Foreign investors interested in expanding their operations in Italy are encouraged to do so, after the latest data provided by the Bank of Italy. The representatives of the bank released the estimates on the Gross Domestic Product (GDP), specifying that the forecasts for 2016 and 2017 show an increase of 1.5% in the GDP. The Italian economy growth is sustained by an increase in the domestic demand; the real estate sector is one of the most representatives in this sense. If you need further details on the business environment available on the Italian market, our law firm in Italy can provide you with assistance on this matter.
The provisions of the new 2016 Stability Budget Law entered into force starting with January 1 and they include a reduction of the applicable VAT rate for all digital publications, not only e-books. Investors in Italy who have companies in the publishing business are the ones targeted by this measure but its effects can extend to those owning small businesses in distribution.