Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Italy is facing a severe crisis due to expensive energy resources


June, 15 2022
watermark Economic news

Italy is again facing the biggest damage among the EU's leading countries due to a sharp rise in energy prices. 


According to experts, under the current policy, the share of energy costs in total production costs for the Italian economy will reach 8.8% this year, which is more than twice as high as in France (3.9%) and almost a third higher than in Germany (6.8%).


According to experts, electricity bills in Italy will increase by 5.7–6.8 billion euros monthly, and on an annual basis the growth will be from 68 to 81 billion euros.


The main reason for such a strong impact of the energy crisis on the Italian economy can be called the great dependence of this country on the use of natural gas. Gas in Italy is used not only as a source for electricity generation, but also in production processes.


It also became known that yesterday the Italian state oil company Eni received a notification from Gazprom about a reduction in energy supplies by about 15%.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.