Martedì, 16 Ottobre 2018

Foreign-owned small businesses hurting in Italy's recession


Rome, June 4 - Italy's ongoing recession is taking
its toll on small businesses owned by foreigners who operate in
the country, data released Tuesday showed.
According to a report by the CNA confederation of craftsmen
and small businesses, private companies owned by non-Italians
were down 6.7% in 2012, amounting to 16,708 fewer businesses in
the nation.
The data showed a break from the consistent growth of
companies owned by foreigners during the span of the economic
crisis, the CNA said.
In 2011, some 232,664 new businesses in Italy were founded
by foreign owners, "up 39.2% compared to 2007," said the report.
The CNA pointed to a drop in construction as a primary
factor for the recent slump.

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