Carlyle to Establish Mediterranean-Focused Oil and Gas Company with Former BP CEO Tony Hayward
Carlyle, a prominent private equity fund, is set to establish a new Mediterranean-focused oil and gas company under the leadership of former BP CEO, Tony Hayward. This strategic move aims to tap into the growing eastern Mediterranean gas market driven by rising demand in Egypt and Europe. The new company, backed by Carlyle International Energy Partners, plans to produce 47,000 barrels of oil per day across Egypt, Italy, and Croatia with ambitions for further growth through asset upgrades and acquisitions. Energean, known for gas production offshore Israel, looks to expand its reach to Europe, the Middle East, and Africa. The deal has boosted investor confidence with Energean’s stock rising by 2.7% post-announcement.
Navigating Italy’s Complex Property Tax: IMU
Learn about Italy’s property tax, IMU (Imposta Municipale Unica), and the upcoming deadline for the first instalment on June 17th. Discover the complexities of IMU eligibility, exemptions, and how property owners must independently calculate and pay this tax. Stay informed to avoid confusion and ensure compliance with IMU regulations in Italy.
Italian Exports Surge by 10.7% in April, Led by Growth in Key Markets
Italian exports surged by 10.7% in April compared to last year, with positive growth seen in trade with both EU and non-EU countries. The trade balance showed a surplus of +4,807 million euros, indicating a strong recovery in trade performance. The increase in exports to Germany is particularly noteworthy, signaling a positive outlook for Italy’s export sector.
Tadej Pogacar Gears Up for Debut in Giro d’Italia
Slovenian cycling sensation Tadej Pogacar is set to make his debut in the Giro d’Italia, showcasing his cautious optimism despite being favored to win. With past victories and setbacks shaping his approach, Pogacar’s recent successes have solidified his position as a top contender. As the race kicks off in Turin, Pogacar acknowledges the tough competition, staying humble yet determined to add another prestigious title to his name.
The Legendary Passo dello Stelvio: A Cycling Icon
Learn about the iconic Passo dello Stelvio, the legendary climb featured in the Giro d’Italia known for its breathtaking switchbacks and challenging terrain. Discover the history behind the Cima Coppi award and its connection to Italian cycling legend Fausto Coppi, as well as the significance of conquering this prestigious mountain in the world of cycling.
Amalfi Coast to Get Its Own Airport in 2024, Making It Easier for Tourists to Visit
The Amalfi Coast, one of Italy’s most popular travel destinations, is finally getting its own airport, making it easier for tourists to visit the spectacular location. The Salerno Costa d’Amalfi Airport is planned to be in operation from July 2024, with Volotea expected to operate flights to and from the airport. The airport is undergoing upgrades and redevelopment, with the goal of making it more accessible to travelers and further boosting tourism in the region. The introduction of the airport is set to open up new opportunities for travelers and contribute to the continued growth of tourism in this stunning Italian coastal region.
Italy’s Bold Move: Selling Off Crown Jewels to Address Massive Public Debt
Italy is making a bold move to address its massive public debt by putting its crown jewels up for sale. Prime Minister Giorgia Meloni’s hard-right government aims to raise 20 billion euros by 2026 through a privatisation program, which includes…
US Couple Finds New Beginning in Italy
Living the Dream After spending decades in Manhattan and New Jersey, a US couple, Charles “Chuck” H. Stevens and Berardino “Ben” Di Rienzo, decided to make a significant change in their lives. Feeling the weight of their work-centric lifestyles, the…
Ancient Stone Disk in Italy May Be 3,000-Year-Old Celestial Map
Ancient stone disk discovered in northeastern Italy may be a 3,000-year-old celestial map, according to a new study published in the journal Astronomical Notes. The disk, adorned with 29 carved markings, is believed to represent the brightest stars in the…
Renowned Naples Pizzaiolo Introduces Pineapple Pizza, Sparks Controversy in Italy
Gino Sorbillo, a renowned Naples pizzaiolo, has caused quite a stir in Italy by introducing pineapple pizza to his menu. In a country where food traditions are deeply ingrained, this move has sparked controversy and divided opinions. The ‘Margherita con…