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“The revolving pledge, which became operational in February 2021, made it possible to inject over 30 million euros of liquidity into the Italian wine sector without any burden on the state coffers. 64 telematic operations registered on Sian, the IT portal of the Ministry of Agriculture, implemented for wines with designation of origin. Half of the beneficiary companies belong to the Tuscany Region, followed by Trentino Alto Adige and Lombardy ”. This was declared by the deputy Giuseppe L’Abbate, an M5S exponent in the Agriculture Commission of the Chamber of Deputies, who started the “Credit Project” when he held the role of Undersecretary at the Ministry of Agriculture.
A measure that we have often talked about in recent months, which has seen agreements between all the most important consortia of Italian wine and all the most important credit institutions, but which until today, despite the great media coverage and the great appreciation declared by many, it seems perhaps underutilized compared to the real possibilities of an instrument which, it is worth remembering, allows the wine in stock to be transformed into bank credit, taken as a guarantee, while remaining within the producer’s availability. “The banks are already ready to activate credit lines also on PDO and PGI extra virgin olive oil, on which the telematic revolving pledge is being opened while we are experimenting with applicability to non-denominated products, perhaps involving Borsa Italian Telematic Goods. All this always without public contributions ”concludes L’Abbate.

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Marco Ribaudo

Marco Ribaudo

For the love of food and wine! Marco Ribaudo, Certified Sommelier, with 25 years in the food and beverage industry now invites you to join him in his latest adventure, the opening of la Cucina del Vino to share his culture and passion for creating unforgettable memories around the table.

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