Milan - The Genoa Boat Show will receive financing from the Ministry of Economic Development, the same funds that Deputy Minister Carlo Calenda considered taking away from UCINA (the nautical association held its general assembly in Milan yesterday) after its divorce from the major players in the sector (Azimut, Ferretti, Perini etc.) who had been close to introducing a new autonomous association to compete with UCINA. After many meetings in Rome, the president of UCINA, Carla Demaria, obtained €1.5 million in financing, “of which 950,000 has already been approved. Now we must obtain the other part, after presenting a series of projects to the Ministry.”
What projects? “I prefer to explain them practically,” Demaria responded, also supported by the increasing number of new participants who are signing up for the fair in Genoa - besides, the same major players who deserted the organisation are considering whether to participate in Genoa, depending on which way the market goes in the coming months: “The number of participants in the Salone is now 11% higher than last year. It is true that we started earlier, but this is certainly a good result.” New statutes were introduced at the assembly - the MediTelegraph had already broken the story - with governance that is more representative of small companies and is more mindful of the different types of merchandise.
A few numbers were taken from the report “Yachting in Numbers” published by UCINA: Growth in 2014 with an increase in revenue (€1.3 billion) of 1.9% driven by exports which represent 92% of production - contributing 2% growth to Italy’s GDP. The progress of leasing in the first quarter is pushing Demaria to be optimistic about her projections for 2015, and this time, for Italy, as well: in fact, even last year, the internal market lost 4.6%.
Demaria commented, “The institutions are looking at yachting not as a ‘tax evasion club,’ but as a support for Italy’s GDP.” Research carried out by Fondazione Edison and presented by Marco Fortis (Catholic University of Milan) showed that about one fifth of global exports of nautical products are Made-in-Italy branded products and the country was also first to turn out a commercial surplus, which totals $2.3 billion, a figure that is almost equal to the commercial surpluses of Germany, France and the United States added together. Among other elements of interest in the Fondazione Edison’s research: Italy is one of only five countries in the world that can boast a manufacturing surplus of over $100 billion (after China, Germany, Japan and South Korea), and furthermore from 1996 to 2013 - except for 2009 - Italy accumulated the highest primary surplus in modern history: €591 billion, more than any other European country (only Germany has a positive figure, €371 billion). Fortis told entrepreneurs, “these figures are little known, and you should explain them to your clients, especially foreigners.”