Latest news with #non-EuropeanUnion
Fibre2Fashion
15-06-2025
- Business
- Fibre2Fashion
Seasonally-adjusted Italian exports up 0.4% YoY in Apr 2025: Istat
Seasonally-adjusted Italian exports decreased by 2.8 per cent month on month (MoM) and increased by 0.4 per cent year on year (YoY) in April this year, according to the official statistics agency Istat. Such imports increased by 0.3 per cent MoM and 5.4 per cent YoY in the month. Such exports declined by 7 per cent MoM and 1.4 per cent YoY for non-European Union (EU) countries, but increased by 1.5 per cent MoM and 2.1 per cent YoY for EU countries. Such imports grew by 1.6 per cent MoM and 11.5 per cent YoY for non-EU countries, while these fell by 0.7 per cent MoM and rose by 0.8 per cent YoY for EU countries. Seasonally-adjusted Italian exports decreased by 2.8 per cent month on month (MoM) and increased by 0.4 per cent YoY in April, official statistics show. Such imports increased by 0.3 per cent MoM and 5.4 per cent YoY in the month. In April, the country's trade balance registered a surplus of €2,482 million. Italian import prices in the month decreased by 1.2 per cent MoM and 1.5 per cent YoY. In April, the country's trade balance registered a surplus of €2,482 million—€162-million surplus for EU countries and €2,320-million surplus for non-EU countries. Excluding energy, the trade balance surplus amounted to €6,730 million, an Istat release said. Italian import prices in the month decreased by 1.2 per cent MoM—a drop of 0.6 per cent for the euro zone and a drop of 1.8 per cent for the non-euro zone. Import prices decreased by 1.5 per cent YoY in the month—a drop of 1.5 per cent for both the euro and the non-euro zones. Fibre2Fashion News Desk (DS)
The Star
10-06-2025
- Business
- The Star
U.S. tariff hikes to slow Lithuania's economic growth by 0.36 to 0.82 pp: economist
VILNIUS, June 10 (Xinhua) -- The combination of falling external demand and heightened uncertainty caused by the U.S. tariff hikes could shave 0.36 to 0.82 percentage points off Lithuania's economic growth this year, according to an economist from the Bank of Lithuania. Kasparas Vasiliauskas, an economist at the central bank, said on Tuesday that the impact on Lithuania comes through both direct and indirect channels, with the latter playing a more substantial role due to the country's deep integration into global supply chains. "The United States is Lithuania's most important non-European Union (EU) export market, and its significance has been steadily increasing," Vasiliauskas said. "Higher U.S. tariffs raise the cost of Lithuanian goods in the American market, reducing their competitiveness and potentially leading to lower demand and turnover." He explained that while bilateral trade is affected directly, the broader concern stems from Lithuania's role in producing intermediate goods and services for EU manufacturers. These are often incorporated into final products destined for the U.S. market. "Even if the final goods are not exported directly from Lithuania, the added value generated here is exposed to risk through indirect trade links," Vasiliauskas noted. Lithuania's key trading partners, such as Germany, Sweden, Denmark, and the United Kingdom, are major exporters to the U.S. and are likely to see reduced demand due to the new tariff hikes. This, in turn, could lead to lower demand for Lithuanian inputs, hitting exports, business revenues, and overall gross domestic product (GDP), he explained. "The extent of the economic impact varies based on different tariff scenarios modeled," Vasiliauskas added.
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Business Standard
09-06-2025
- Politics
- Business Standard
Italy's referendum on citizenship, job protections fails on low turnout
Italy's referendums aimed at relaxing citizenship laws and improving job protections failed on Monday due to low turnout, partial data showed. It was a clear defeat for the centre-left opposition and a victory for Prime Minister Giorgia Meloni and the ruling right-wing coalition, who openly supported abstaining from voting. Official data from almost 90 per cent of polling stations showed that turnout hovered around 30 per cent of eligible voters after two days of voting, well below the 50 per cent plus one required to make the vote valid. Meloni's far-right Brothers of Italy party celebrated the referendum's failure. The only real goal of this referendum was to bring down the Meloni government," the party said on social media, posting a picture of the main opposition's leaders. In the end, it was the Italians who brought you down. Maurizio Landini, leader of the CGIL trade union that was behind the initiative, acknowledged the defeat. We knew it wouldn't be a walk in the park, he said. "There is an obvious crisis of democracy and participation." The proposals wanted to make it easier for children born in Italy to foreigners to obtain citizenship, and provide more job protections. Campaigners for the change in the citizenship law said it would help second-generation Italians born in the country to non-European Union parents better integrate into a culture they already see as theirs. The new rules, if passed, would have affected about 2.5 million foreign nationals who still struggle to be recognised as citizens. Rights at stake Campaigners said the proposed reforms also would have allowed faster access to civil and political rights, such as the right to vote, eligibility for public employment and freedom of movement within the EU. Activists and opposition parties denounced the lack of public debate on the measures, accusing the governing coalition of having tried to dampen interest in sensitive issues that directly impact immigrants and workers. In May, Italy's AGCOM communications authority lodged a complaint against RAI state television and other broadcasters over a lack of adequate and balanced coverage. Opinion polls published in mid-May showed that only 46 per cent of Italians were aware of the issues driving the referendums. Many believe that the referendum institution should be reviewed in light of the high levels of abstention (that) emerged in recent elections and the turnout threshold should be lowered, said Lorenzo Pregliasco, political analyst and pollster at YouTrend.
The Advertiser
09-06-2025
- Politics
- The Advertiser
Italians vote on citizenship and job protections
Italians are voting in a referendum that would make it easier for children born in Italy to foreigners to obtain citizenship and on providing more job protections. However, apparent low public awareness risks rendering the votes invalid if turnout is not high enough. Campaigners for the change in the citizenship law say it will help second-generation Italians born in the country to non-European Union parents better integrate into a culture they already see as theirs. The referendum risks failure if at least 50 per cent plus one of eligible voters don't turn out. Voting began on Sunday and continues for two days. Data from Italy's Interior Ministry showed that national turnout so far stood at 15.9 per cent almost half of the 30.3 per cent registered at the same time of the day in the latest comparable referendum held in 2011. A yes vote would reduce the residency requirement from 10 to five years before citizenship is granted. The new rules, if passed, could affect about 2.5 million foreign nationals who still struggle to be recognised as citizens. Supporters say this reform would bring Italy's citizenship law in line with many other European countries, promoting greater social integration for long-term residents. It would also allow faster access to civil and political rights, such as the right to vote, eligibility for public employment and freedom of movement within the EU. Italians are voting in a referendum that would make it easier for children born in Italy to foreigners to obtain citizenship and on providing more job protections. However, apparent low public awareness risks rendering the votes invalid if turnout is not high enough. Campaigners for the change in the citizenship law say it will help second-generation Italians born in the country to non-European Union parents better integrate into a culture they already see as theirs. The referendum risks failure if at least 50 per cent plus one of eligible voters don't turn out. Voting began on Sunday and continues for two days. Data from Italy's Interior Ministry showed that national turnout so far stood at 15.9 per cent almost half of the 30.3 per cent registered at the same time of the day in the latest comparable referendum held in 2011. A yes vote would reduce the residency requirement from 10 to five years before citizenship is granted. The new rules, if passed, could affect about 2.5 million foreign nationals who still struggle to be recognised as citizens. Supporters say this reform would bring Italy's citizenship law in line with many other European countries, promoting greater social integration for long-term residents. It would also allow faster access to civil and political rights, such as the right to vote, eligibility for public employment and freedom of movement within the EU. Italians are voting in a referendum that would make it easier for children born in Italy to foreigners to obtain citizenship and on providing more job protections. However, apparent low public awareness risks rendering the votes invalid if turnout is not high enough. Campaigners for the change in the citizenship law say it will help second-generation Italians born in the country to non-European Union parents better integrate into a culture they already see as theirs. The referendum risks failure if at least 50 per cent plus one of eligible voters don't turn out. Voting began on Sunday and continues for two days. Data from Italy's Interior Ministry showed that national turnout so far stood at 15.9 per cent almost half of the 30.3 per cent registered at the same time of the day in the latest comparable referendum held in 2011. A yes vote would reduce the residency requirement from 10 to five years before citizenship is granted. The new rules, if passed, could affect about 2.5 million foreign nationals who still struggle to be recognised as citizens. Supporters say this reform would bring Italy's citizenship law in line with many other European countries, promoting greater social integration for long-term residents. It would also allow faster access to civil and political rights, such as the right to vote, eligibility for public employment and freedom of movement within the EU. Italians are voting in a referendum that would make it easier for children born in Italy to foreigners to obtain citizenship and on providing more job protections. However, apparent low public awareness risks rendering the votes invalid if turnout is not high enough. Campaigners for the change in the citizenship law say it will help second-generation Italians born in the country to non-European Union parents better integrate into a culture they already see as theirs. The referendum risks failure if at least 50 per cent plus one of eligible voters don't turn out. Voting began on Sunday and continues for two days. Data from Italy's Interior Ministry showed that national turnout so far stood at 15.9 per cent almost half of the 30.3 per cent registered at the same time of the day in the latest comparable referendum held in 2011. A yes vote would reduce the residency requirement from 10 to five years before citizenship is granted. The new rules, if passed, could affect about 2.5 million foreign nationals who still struggle to be recognised as citizens. Supporters say this reform would bring Italy's citizenship law in line with many other European countries, promoting greater social integration for long-term residents. It would also allow faster access to civil and political rights, such as the right to vote, eligibility for public employment and freedom of movement within the EU.
Canberra Times
08-06-2025
- Politics
- Canberra Times
Italians vote on citizenship and job protections
Campaigners for the change in the citizenship law say it will help second-generation Italians born in the country to non-European Union parents better integrate into a culture they already see as theirs.
