The pros and cons of making business in Italy.
Anyone of you , dear readers, have ever had the opportunity to visit Italy, to eat its fabulous meals, attended to some opera, enjoyed the weather , the sun of this beautiful land ?
Italy is not only sun, pizza and guitar. My country is black and white, lot of shades in the economic financial and political sectors. Enjoy the discover !
Very often when I listen to some argumentations about my country , Italy , I am just a little sad because I think that people has lot of bias about my land.
We have lot of things shared with all the world, as fashion, food, art. When we talk about the economical and political situation is here that there are a lot of
more or less true stories about these topics.
Today I want to share something interesting and to think about.
Each country has its own “strengths” and “weaknesses”
THE ITALIAN STRENGTHS
The Manufacturing industry is still important , then we can find the machinery and pharmaceuticals companies. Fashion, food and beverage.
A big work has been done by the Italian Government to combat tax evasion and reduce delinquency in such sector. The bank assets have had an important improvement.
THE ITALIAN WEAKNESSES
the debt intended the Public one is still very relevant , negatively speaking, as well as in a negative situation the unemployment of the youth and consequently because of the world pandemic situation , we have assisted an high increase of youth moving on abroad to have more hope to find a better university preparation and granted job; also sectors like tourism , automotive , textiles are suffering the pandemic situation giving a chance to the criminal organizations increasing their presence both sector , B2B and B2C.
It seems that the trend is destined to change. Even though lot of sectors have suffered a lack of 70% – 80% of their internal organization in term of economical and financial elements, the Italian government has deployed extraordinary measures to safeguard viable firms, and a loan guarantee program.
PAYMENTS AND DEBT COLLECTION IN ITALY
In Italy can always be used for the paying of goods , checks , bills of exchange a particular note for this kind of method of payment the debtor promises in written to pay to the creditor a certain due amount within a certain date, then the document is signed by the debtor like a real commitment. In case the debtor lacks to pay, the bill of exchange is declared protested and the credito , through the support of an attorney of law, transforms such promise into a valid and legal payment injunction. Most of the Italian companies are changing the mentality in terms of payments. Years ago , business were concluded with a piece of paper, just on trust; at the present time , the most popular method of payment is to ask to the Client (one day a debtor) to pay the 70% in advance.
Debt collection in Italy is managed by a 60% through lawyers and the rest through credit collection companies that inside they have at their disposition lawyers as well.
Firstly , as credit collectors we make first attempts amicably with the intervention of a credit mediator with a multi knowledges of the law and other performing ways to collect the outstanding.
Without success, sometimes the field collector intervenes directly in the area where the debtor company has its headquarter or /and its operative units.
Without any good willing by the debtor, we proceed with the pre legal action which consists in a letter issued by one of our lawyer, always trying to mediate.
In case the debtor refuses to pay without justifications , the time of a legal action comes.
The lawyer proceed with a deep research of debtor’s assets just to be sure to have something to seizure.
In this moment of pandemic situation , the appointments with both parties are scheduled by the law.
We always hope to close the case in the first phase. The amicable one.
There are lot of good solutions to avoid loose of time and over all money.
Once more Italy will arise again. In the same ways it did after the first and second war. The Italian go on being a resilient Nation. We are proud to be Italian
despite sometimes who is governing such a beautiful country.
As once President Obama said : ” WE CAN ”
WE CAN change the situation if we stand gathered
WE HAVE to make alliances with the strongest on heart
WE CAN overcome this period standing on the same line
WE CAN because WE are alive and strong.
We all are women and men of iron and good will.