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    By virtue of a ministerial decree issued on 27 July 2010, Italy removed Malta and Cyprus from the blacklist for the purposes of the application of Italian controlled foreign companies rules and provisions on tax residency of individuals. As a result of this removal, Italian owned foreign companies established in Malta and Cyprus are no longer subject to Italian CFC rules, and Italian individuals who move to Malta or Cyprus are no longer presumed to be resident in Italy for tax purposes unless they prove the contrary.

    Grazie al costante impegno del nostro Presidente Marcello Basile Cherubino e al suo staff, da oggi la Camera di Commercio Italo Maltese ha un nuovo sito internet. Non si tratta solo di una rivisitazione grafica, in quanto abbiamo cambiato interamente tutta la struttura, rendendo il sito dinamico e pronto ad interagire con gli utenti che vorranno usufrire dei servizi che la Camera offre. Attualmente alcune sezioni risultano ancora in fase di realizzazione/sviluppo e, pertanto, oltre a scusarci per eventuali disfunzioni, saremo lieti di ricevere consigli e suggerimenti per migliorare la navigabilità e i contenuti del sito stesso, scrivendo a This email address is being protected from spambots. You need JavaScript enabled to view it.. Con l'ausilio di questo innovativo strumento, intendiamo sviluppare nuovi servizi e migliorare quelli già attualmente offerti, certi dell'importante ruolo economico e sociale che la Camera rappresenta sul territorio maltese e per le opportunità che offre alle aziende italiane che desiderano investire in questo splendido territorio. A breve saranno integrate nuove informazioni e servizi utili sia alle aziende che ai privati e, da oggi, potrete essere sempre informati in tempo reale sulle attività della Camera sottoscrivendo il nostro Feed RSS o, semplicemente, inserendo il vostro indirizzo email nel box in alto a destra. In tal modo il sistema invierà automaticamente un'email a tutti gli iscritti ogni qual volta saranno inseriti nuovi contenuti, garantendo il massimo rispetto per la privacy e consentendo, in qualsiasi momento, di cancellarsi dalla nostra newsletter, secondo le disposizioni della normativa in vigore. Fiduciosi che il nostro impegno possa contribuire positivamente allo sviluppo di nuove iniziative imprenditoriali e non, auguriamo una buona navigazione tra le nostre nuove pagine.

    by Emilio Gallocchio, President of Alstom Italia. [caption id="attachment_782" align="alignleft" width="150" caption="The ‘Pendolino’, the Most Exported Train in the World"]The ‘Pendolino’, the Most Exported Train in the World[/caption] A CHAMPION ITALIAN PRODUCT FROM THE HEART OF PIEDMONT - Its features and the ability to adapt to different national contexts make it an unprecedented commercial success. Few people know that Italy holds the record for the most exported passenger train in the world - the ‘Pendolino,’ produced by Alstom Ferroviaria in the Savigliano (CN) factory. More than 400 have been ordered in various countries, from Spain to Finland, Portugal to the Czech Republic, and Great Britain to China. This technological gem, entirely designed, developed and produced in Italy, has three salient features - the variable set-up, which allows the coaches an incline of up to 8° in bends (giving the train its name ‘Pendolino’), the engines on bogies and the coaches in aluminium alloy. These features give it, firstly, a travelling speed in bends 30% higher than trains with a fixed trim. There is also better acceleration from a standstill and starting torque (as a result of the distributed drive), less wear of the infrastructure (due to lower loads per axle), greater space for the transport of passengers (through the elimination of the locomotive). The ‘Pendolino’ can thus reach speeds of 250/270 kph on traditional tracks, without needing special high speed lines whose production ‘ex novo’ has very high costs and problems of acceptance, especially in countries with high population density. The ‘Pendolino’ is a train which adapts to different national contexts. Some models can use three different electrical supply voltages and recent models are fitted with the European signalling standard European Rail Traffic Management System. The 22 trains operating in Russia and Finland have greater gauge and are prepared for the winter so that they can operate in Arctic temperatures without problem. From this, it can be understood why the ‘Pendolino’ family of trains has been an unprecedented commercial success for 25 years, a champion of Italian products which accessed the world market as a result of Alstom’s global distribution, conquering railway companies in 10 countries and transporting more than 300 million people. The 53 ‘Pendolino’ purchased by the British company Virgin Trains in 2003 allowed it to win the prize as the ‘Best Railway Company’ in the country for punctuality and regularity of service in 2008. Today, several countries are focusing on the development of railway transport, both nationally and internationally - seizing even more opportunities to continue this international success story.

    FOUND IN MORE THAN 100 COUNTRIES, IT EXPORTS ABOUT 75% OF ITS PRODUCTION - The menswear brand Canali has opened its first Asian boutique in the Pacific Place Mall. [caption id="attachment_674" align="alignleft" width="150" caption="Italian elegance conquers Hong Kong "]Italian elegance conquers Hong Kong [/caption] Italian fashion continues to make headway in international markets; particularly aiming at the less ‘well-trodden’ paths where talking of Italian products is the equivalent of style, attention to detail and good taste. This is the case of Canali, a brand synonymous with sartorial skill and a symbol of Italian excellence in the world. Canali opened its first own boutique in Asia on the third floor of the well-known Pacific Place Mall last February. The boutique, which is welcoming and full of personality as a result of the most up to date architectural concept which highlights quality, style and refinement, has a surface of 160 square meters and has been conceived to offer customers comfortable spaces where the various collections can be admired-formal, leisure, accessories and leather goods. This is a very significant opening for the north Italian company, and falls within a more extensive retail development plan which, in 2009 alone, saw the completion of the projects for 29 boutiques in cities like Paris, Dubai, Seoul, New Delhi and Almaty (in addition to corner- and shop-in-shops). The same number is planned for 2010, of which two will be ‘own’ boutiques, in the first six months. To date, there are 160 Canali boutiques around the world; with a goal of to reaching 200 by the end of 2011. The company was founded by the brothers Giovanni and Giacomo Canali in Triuggio, Brianza, in 1934 and is now led by the third generation of the family. The menswear brand Canali has many famous customers including the American President Barack Obama, who has worn their jackets since he was a senator. Today, Canali has 1,700 employees in seven production centers, all in Italy and all connected to the headquarters in Sovico. Increasingly, the company has a strong international presence. Canali products can be found in more than 100 countries with 1000 points of sale and 160 boutiques, with about 75% of its production being exported.

    by Sergio Luciano, Director of Economy A REFLECTION ON THE LAST DECADE, WHICH HAS SEEN STRUCTURE AND SPEED CHANGE IN THE WORLD - In this his latest book, the economist discusses the global crisis affecting the west, where the superfluous costs less than the necessary and where both the population and production is on the decline. And of how morale and principals can help us get through this period. [caption id="attachment_670" align="alignleft" width="150" caption="Fear and Hope by Giulio Tremonti "]Fear and Hope by Giulio Tremonti [/caption] The ideological varnish of radical liberalism, so dear to the Chicago school of economists in America, served, in the 1990's, to cover up the myopic interests of a caste of both industrial and financial speculators who wanted no limits on their exports of goods and services to China and to Asian countries in general, which were then just beginning to emerge. To this end, the WTO – the World Trade Organization, in reality controlled by America – decided on 11th December 2001 to completely open the frontier with China, which virtually made it a member of the organization itself. This decision, according to Giulio Tremonti, the strategy of the economic policy of the Italian centre right, was more damaging to the west and, in reality, to the balance of the world economy, than the destruction of the twin towers on 9/11. Tremonti gives his opinion of this in a book which, even though published by Mondadori on the eve of the elections (but before it was sure whether they would be anticipated), in reality it has nothing to do with electioneering. It is on the other hand an acute and worried but not despairing analysis of the problems that investment in and indiscriminate globalisation is provoking on western economies without really benefiting the global economy, because of the enormous imbalances which it is causing even in the countries supposedly benefiting from it. The once dominating countries are becoming poorer, the emerging ones – well, already emerged – are paying a silly price, in social and environmental terms for their growth. Europe can be the promoter of a rebalance, sustains Tremonti, but to do it must change its politics, start with seven passwords: values, family and identity; authority; order; responsibility and federalism. And in all these fields one needs to return to the roots of European identity and take the road which goes in the opposite direction to 1968 and the errors made then.

    25 May - 1 June 2010, Across Europe [caption id="attachment_667" align="alignleft" width="203" caption="European SME Week 2010"]Logo European SME Week 2010[/caption] The European SME Week aims to provide information on what the EU and national, regional and local authorities are offering as support to micro, small and medium-sized businesses. It aims to promote entrepreneurship so that more people, and in particular younger ones, seriously consider becoming an entrepreneur as a career option. It wants to give recognition to entrepreneurs for their contribution to Europe's welfare, jobs, innovation and competitiveness. More than 600 events, targeting established and potential entrepreneurs, will take place in 37 countries. Go to related site

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