Announced by the Italian national retail services association, Confesercenti, in a report “Crimes hold on business” the 4 main mafia organisations turnover 130 billion euros. Mafia Inc. has net profits of 70 B Euros, and turns over more than the Italian company Eni.
Ex mafia boss, Riina’s house, near Corleone in Sicily was recently sequestered by the Italian anti-racket federation and has been turned into an agriturismo.
In the current economic climate as banks squeeze on credit, businesses are turning to loan sharks. Italian Finance Minister, Tramonti, recently announced that though Italian banks have not suffered from the subprime crisis the Italian government will be pumping financial support into the economy prior to Christmas. The Italian bank Unicredit today announced profits of 551M euros, 150M more than financial analysts expected.

As the Beckhams start their search to buy a property in Italy, the market is expected to hold strong, as international investors follow the celebrities.
Visit Italian property for investment opportunities in Italy.

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