Business and Economics

Business in Italy: "The New Italians" and a Success Story

They go to Italy because they have nothing to lose. They cross the sea and their pockets are empty. Their capital is only adventurism and a willingness to take risks. And they are at risk. They are risking to everyone that they still have or may appear - just to find their place in life and assert themselves. And sometimes they do it. And then washing windows and barges full of illegal immigrants are forgotten, like a nightmare.

They were not born in the European Union, yes, but decided to do business here. And often they do it pretty well. In recent years, when Italian firms close and young Italians flee to the Silicon Valley, these people open their businesses. According to the Italian Center for Socio-Economic Research (Censis), 379,584 foreign entrepreneurs are currently registered in Italy: while their number has grown by 16.5% between 2009 and 2012, and by 4.4% only for Last year.

Here in Italy, they find their America. They transfer money, pay taxes, and hire (3 million Italians work for foreigners). They are the new Italians. They create 11.2% of the country's GDP, which is 200 billion euros. And about 10 billion euros are transferred annually to the account of the National Institute of Social Insurance.

Why are they doing this? “They have enthusiasm and desire to move forward. They have already left all the worst behind. And they have a low price-opportunity bar. They do not give up on failure. They struggle. And even if they don’t have special talents in strategic thinking, they know how to use the opportunities we have when we don’t even see them, ”said Massimo Canovi, vice president of the South European division of MoneyGram International, an international association of 320 companies that direct cash flows around the world.

A few years ago, Canovi created the MoneyGram Award, the first award for entrepreneurs who immigrated to Italy. He told us some wonderful stories.

  • Pole Marcin Saracen received the award in 2013. He is involved in the trade of Polish cosmetics and perfumes. In a short time, he turned a small company into a very large company with a turnover of 26 million euros. 90 people are currently working for him.
  • Jean Paul Pougala, a native of Cameroon, was awarded in 2012. He came to Italy in 1985 to study economics and commerce. Today he teaches in Geneva at the Faculty of Sociology and Geopolitics and developed the Election Campaign Store: while in Turin, he provides advice on campaigning in Africa.
  • Brazilian Lilian Altuntas once lived on the street, and now she is a successful entrepreneur. Arrived in Turin in 2004 after a short stay in Germany. Today she has five children and her own pastry shop. In 2009, she opened Lilian Buffet - a specialized store for the production of author's cakes. The MoneyGram Award received in the "Young Entrepreneur" nomination. "I never get tired of being amazed that I lived on the street 19 years ago and constantly hungry. And now in Italy I am awarded a prize for selling food." Lilian is one of the most sought-after pastry designers in Piedmont, with popular football players and politicians among her clients. "My secret? I am persistent. And I have a rule: first I make a client happy, and only then I think about making money," Lilian shared.

Watch the video: 8 Things To Know Before Doing Business In Italy (December 2024).

Popular Posts

Category Business and Economics, Next Article

How to Get a Free Flight Ticket: A Travel Guide
Trip planning

How to Get a Free Flight Ticket: A Travel Guide

How you can travel much more often thanks to free airline tickets. We have gathered in one place all the useful information on how you can get a free ticket in order to save a lot of money on one of the next trips. It will be about bonus airline miles and how to save them much faster than 95% of travelers and use them even if you fly very rarely or don’t fly at all.
Read More
Italy in February
Trip planning

Italy in February

A visit to Italy in February has its advantages - especially in terms of the budget of the trip and the lack of crowds on tourist sites. However, there are also disadvantages, the main of which, of course, is the weather. Weather in Italy in February Although January is considered the coldest month in Italy, by and large, its difference from February in terms of weather is purely symbolic.
Read More
5 notable apartments in Italy instead of a hotel
Trip planning

5 notable apartments in Italy instead of a hotel

Most of the time when planning any trip, it takes me exactly to search for housing. Although we are not going on a trip to sit in an apartment or hotel, I think you will agree that housing is important and it does not matter where you end up spending the night. It happens that the selection of only one location takes several days.
Read More
Florence Airport and how to get to the city center
Trip planning

Florence Airport and how to get to the city center

If you look at the well-known panorama of the right bank of the Arno River, you can hardly see behind the domes, towers, spiers, roofs of countless medieval monuments at least the outlines of Florence airport in Peretola. Meanwhile, from the airport to the center of Florence, only ten kilometers, and to the outskirts of the city - less than five.
Read More