Wednesday, March 9, 2011

What Is The Slogan Of Spicejet & Who Is The Ceo

Ten thousand people burned by the sun. The new decree on incentives for photovoltaic saves on the bills, but it will cost 7 million a month for social security

Seven million. Per month. The figure is not comparable to the 5.7 billion that the Italians would pay the bill in 2011 without scissors incentives for renewables, but provides a fairly clear idea of \u200b\u200bhow much the deck is short. Those seven million are, in fact, the money needed (calculated downward) to pay for the layoffs to 10 thousand workers who might be unemployed in the absence of changes to the decree approved last week by the Council of Ministers. If by one hand, in short, the cost of benefits to producers of energy from "clean" is likely to weigh too much on the citizens, the other the aid cutoff would be borne by the taxpayers, should bear the burden of public social safety nets.

The scenario outlined by the companies operating in the photovoltaic (GIFI-Anie) is clear: block for more than 40 billion of investment and use of IGC for more than 10 thousand workers. In detail, said the Chairman of Gifi, Valerio Christmas, the measure will result in "one stop orders for more than 8 billion and a cancellation of current contracts (20 billion) and already suspended per i quali le aziende dovranno procedere comunque al pagamento dei fornitori, senza ottenere il finanziamento previsto dalle banche». Esagerazioni? Forse. Sta di fatto che già lunedì, proprio mentre il presidente della Repubblica, Giorgio Napolitano, firmava il decreto, un’impresa del settore (che ha preferito restare anonima) ha comunicato di aver messo in mobilità 30 persone. A Treviso, come ha riportato Fabio Gava, membro della commissione Attività produttive della Camera, auspicando un provvedimento del governo che salvaguardi gli impianti «già autorizzati», un imprenditore ha minacciato di darsi alle fiamme se la legge non cambierà.

Al di là delle drammatizzazioni, è difficile negare that the compromise reached between the proprietor of Development, Paolo Romani, and the Environment Stefania Prestigiacomo, leaving companies in a stalemate. Just think of the confusion that rules according to the decree of August last save Alcoa facilities that have applied before December 2010 have been given until May to be connected with and thus have access to generous incentives in the energy account 2. While those who have moved from the first of January will have incentives to please the lowest third of the energy account, but will also connect to the network by May. On what will happen after this deadline, finally, there is total darkness.
It is no coincidence that both Yesterday, ministers have rushed to announce the establishment of a reliable regulatory framework as soon as possible. Romans may be enough for "two weeks". Prestigiacomo for the days of waiting will be at least "twenty." But both seem willing to press the accelerator.

The comparison with operators, and which includes banks, has been set for Friday. The match, however, is anything but simple. The Government's intention, as explained by the Environment Minister, is in fact to "establish a system to moralize the industry because we have the highest incentives in Europe." A cake tempts not only for honest entrepreneurs, but also to those scoundrels who, according to the latest surveys of the GSE, representing 15% of the total. According to figures provided yesterday by the Romans, if "the government had not intervened, the 3.7 billion" for 2011 provided in the bill if they would add "another 3.5 PV of the incentives." It would, therefore, of 7.2 billion and 5.7 of those estimated by the Authority of energy.
Despite the impressive figures, there are those who can not see us at the stop light of the government. "I doubt," said Undersecretary Gianfranco Micciche in an interview with Reservoir Dogs, "a decree that is pushed by those who do not like very much renewable. " One thing, he added, "is certain: it is a wrong law, it must change, absolutely. Or do you like that or the government falls. "

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Tuesday, March 8, 2011

Rabbit Runs Around Cage

Street investment Fiat, took first in Pomigliano

The precise date had been fixed and announced in early February, but the first eight recruitment took place yesterday in Pomigliano still represent a event in the course of the new Fiat. The first concrete step towards the realization of the project factory in Italy which is linked to the fate of the group, one of thousands of workers and the future of industrial relations and trade unions. The eight employees of the new company that will build the new Panda are three women and five men. All technicians who will support the new managing director and plant manager Giambattista Vico, Sebastiano Garofalo. They will coordinate the recruitment of future workers. At least 300 by July and then gradually all the 5600 employees of the old society.

But to keep bench yesterday, despite the official start of the new project was the attention given by the prestigious Financial Times, the young scion of the Agnelli family, John Elkann. The London-based financial newspaper, the president has reserved the Lingotto a full-bodied portrait-interview in which the President of the Lingotto is defined as' the unexpected heir who saved the family jewels. " It is to him, according to the FT, that we owe the successful acquisition of two moves 20% of Chrylser and the spin-off. Two operations, says, "unthinkable for the generations that preceded him and also for the other family car in Europe, such as Peugeot and BMW's Quandt."

celebrations and self-congratulation aside (the young Agnelli tells his adventurous and difficult adolescence spent working undercover in a factory for assembling lights in Birmingham), announces that the Exor Elkann would give its support to the hypothesis of a dilution of 30% stake in Fiat in front of a project to create a larger company. It is, in essence, the scenario evoked more times by Sergio Marchionne ("could not get a better partner," Elkann said of him) of a full merger between Chrysler and Fiat. Option that would not hurt, as we have said, our country, because "going abroad does not mean that what is in Italy is reduced." In any case, Elkann says, 'pride in their roots should not be a brake on growth. " In any case, it reveals a number of Fiat and Exor, a holding company controlled by the Agnelli family has provided over one billion euro for new investments. And additional resources could result from the use of leverage and the proceeds of disinvestment. These include confirmation Elkann, could Alpitoru beings also, "if you present a good opportunity."

Meanwhile, the enthusiasm comes from Mexico's President Felipe Calderon, who yesterday presented Marchionne with the launch of the Fiat 500 model 2012, which will take place in the Chrysler plant in Toluca. From there, the car will be exported mainly to North America but also in China, beginning in the fourth quarter of 2011. The at the Lingotto is also considering the possibility of producing another Fiat model, while between June and July will be introduced into production lines in Mexico are also three models Alfa Romeo.
As regards relations with Russia, after the stop negotiations with Sollers, Marchionne said he was in contact with other manufacturers. "We must find the right path in terms of time and money," he said, "I think we have until April to finalize."

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Monday, March 7, 2011

Body Produces Too Much Blood

Italy niche shares Gaddafi. "We expect Europe

Prudence, said Friday the same Silvio Berlusconi, left, and Max. But the hypothesis of a freezing of shares in Italian companies Gaddafi becomes more concrete. "Italy will adhere to all types and categories of sanctions decided by the UN and the EU," said Franco Frattini yesterday, including those "on the shares."

The words of Minister Foreign from Istanbul are clear. Italy is ready to freeze the package of more than 3 billion that the Libyan sovereign wealth funds hold shares through Unicredit in Italy (7.5%), Finmeccanica (2%), Eni (1%), Juventus (7.5% ). But no action will be taken individually by our country. For now, therefore, everything remains as is. So far, in fact, Frattini said, "Sanctions on Libya about people, not entities." The point is the same one on which he had already talked to the prime minister Friday. "We need to distinguish good," said Berlusconi, "the participation of Libya in the Libyan people and interests that are relevant to a family instead."

And the same seems to be the land on which it is moving the Financial Security Committee, which met yesterday morning at Via XX Settembre. "Check the correct application in Italy of the sanctions decided by the EU" is the theme on the agenda of the summit chaired by the Director General of the Treasury, Vittorio Grilli. In particular, the objective body consisting of representatives of the Ministries of Economy, Interior, Justice, Foreign Affairs, as well as Bank of Italy, Consob and ISVAP, is to assess the faithful application of the decision taken by ' EU 'on February 28 and made operational in our country with Regulation 204 of the March 2 last year, which shows the names of persons for whom the freezing of funds and economic resources owned, held or controlled. " In other words, the Committee's mandate would be to verify that any property which refer directly to members of the Gaddafi family and a handful of loyalists (in all the blacklist is 26 names) are not in the availability of Saddam.
It is clear that the problem is something else. They know well in Britain, where without much thought have entered the Libyan Investment Authority (LIA), Libyan sovereign wealth fund of the state, in subjects directly controlled by the colonel and frozen so they held 3.27% in the group Pearson, which publishes the Financial Times. Lia, needless to say, is the same fund, together with the Libyan Central Bank, controls all the shares held in Italy.

The issue is not to be taken lightly. Freeze the shares would not only block the voting rights at shareholders' meetings, but also the dividends, a few weeks from such charges. An action which, if implemented, along with all the precautions possible, the risk of alerting the huge investments made in our country by other sovereign funds. On the other hand, excessive caution could expose us to international criticism. Yesterday, a long article in the New York Times pointed out that Italy, unlike other, "It is retained by the freeze any assets ', saying' wait a coordinated response by the EU." Of this, mainly, is working on the committee. To ensure that it is very clear Italy's willingness to act quickly, but only after the approval of European official. Task of the next few days will in fact "to ensure constant monitoring of the situation and provide immediate and effective implementation of any new decisions of the EU." Decisions that could get to the next EU Council of Foreign Affairs, scheduled for March 21, or in a special formal meeting that may take place even earlier.

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