Made in San Marino - english version

july-august 2011 1in san marino

in san marino

Knowing is not enough; we must apply. Willing is not enough; we must do.

Johann W. Goethe (poet)

Transforming ideas into products, patents, jobs. Ensuring the encounter of the world of research with that of manufacturing activities, developing advanced technology and thus strengthening the Country’s competitive edge. These are the goals of the cooperation be-ing implemented between the University and companies which, according to the agreements between San Marino and Italy, will find its ut-most expression in the building of the Scientific Technological Park. A path which projects the Republic of San Marino among the protagonist Countries when it comes to development poli-cies; a one-of-a-kind project which, in view of the country’s size, contemplates cooperation with neighbouring Italian regions (Emilia Ro-magna and Marche). Focusing on a knowledge-based society thus represents a strategic choice for producing innovation, research and quality

manufacturing, thereby favouring economic re-covery. But if innovation and research are the key to the future, human resources and managerial skills are the prime movers. Countless examples ex-ist that show how investing in the skills of indi-viduals is by far the most fruitful, both in terms of technological-scientific progress and from an economical viewpoint. Suffice it to mention the case of Stanford University. Because it held the patent relating to the PageRank algorithm developed by Larry Page (founder of Google together with Sergey Brin), it received Google shares worth 1.8 million dollars in exchange for the long-term exploitation rights. This resulted in a profit of 336 million euro, the highest ever obtained by the university for having resold a technology created within the campus. Prob-ably the highest ever obtained by any university based on a single invention. It is therefore important for the Scientific Park to move in step with an increase in courses in the scientific and application field: to enable

students to undertake specific applications for companies and the University to promote re-search projects potentially able to contribute to its upkeep and to future investments.Furthermore, it should not be forgotten that in recent decades, at the helm of successful companies, to an increasing extent, have been youngsters with specific technical skills; young-sters with an all-round view of economic and technological evolution in the world and able to insert themselves in an innovative way in sec-tors otherwise saturated or to even invent new ones. Increasing focus must therefore be put on new ideas. The new generations must be given a chance to put into practice what they have learned in years of study. We must invest in pro-fessional skills and, at the same time, create an environment such as to ensure these skills take shape and are placed at the disposal of com-panies.

EDITORIAL Massimo Ghiotti - General Manager

CONTENTS

Year IIIJuly-August 2011 n. 4

INFORMATION MAGAZINE PUBLISHED BY THE CHAMBER OF COMMERCE OF THE

REPUBLIC OF SAN MARINO

Investing in San Marino

Chocotitano 2011

Analysis of the Economic Situation

Members’ area

Young Entrepreneurs

- AudienceHallofTheirExcellenciestheCaptainsRegentSaladelleUdienzedeiCapitaniReggenti

2 july-august 2011in san marinoin san marino

INVESTINGIN SAN MARINO

CONSULTANCY

SMALL REPUBLIC, BIG BENEFITS

Doing business in the world’s smallest Republic has its benefits. Not only because the country’s strategic position in the heart of Italy makes it easy to reach from all major European capitals, but above all because investors are able to benefit from a slimlined tax system, tax relief for technologically-innovative projects, safe investments and a direct link with institutions.

The Chamber of Commerce places at the disposal of its clients a professional consultancy service managed byDr. Federica Tonelli, Head of the Legal Department. For appointments: 0549.980380 – [email protected]

KEY FACTS• Corportate tax: 17%

• No Vat

• “Single-phase”tax : 15% (on imported goods and import-re-lated services. Tax applied to the full value of goods imported into San Marino)

• Tax relief for profits reinvested in technological innovation and non-tangible assets

• Environmental safeguard: tax relief for profitsreinvested in ener-gy-saving and anti-pollution processes

• Official relations with 107 Countries, 100 of which at diplomatic level

• Support given to R&D activities

• High number an quality of University graduates

• Tourism: 2.1 million visitors per year

38% of all businesses operate in the services, IT and real estate sectors (13,6% share of GDP)

26% of all businesses operate in the trade sector (13,5% share of GDP)

10% of all businesses operate in the manufacturing sector (33,3% share of GDP)

2% of all businesses operate in the credit and insurance sector (17,6% share of GDP)

La Miglior Soluzione per il Tuo EventoLa Miglior Soluzione per il Tuo Evento

Via Cinque Febbraio - 47899 SerravalleRepubblica di San Marino

Tel. (+378) 0549 900190 - Fax (+378) 0549 [email protected]

www.palacehotelsanmarino.comThe Best Idea to be the ProtagonistThe Best Idea to be the Protagonist

Via Cinque Febbraio - 47899 SerravalleRepublic of San Marino

Tel. (+378) 0549 900190 - Fax (+378) 0549 [email protected]

www.palacehotelsanmarino.com


What is the best way to say goodbye to summer and welcome in the fall?

What is the best idea for spending a carefree and tasty week-end for the whole family, with friends or with someone you love?

The answer is easy: CHOCOTITANO!

Saturday 29 and Sunday 30 October, the sweetest event of them all will be back in the Republic of San Marino. In the magic atmosphere of the old-town centre of Borgo Maggiore, let yourself be over-whelmed by chocolate in a thousand shapes, to be discovered through guided tastings, in the Chocolate School and by means of the many new proposals made by San Marino and Italian chocolate manufacturers, confectioners and craftsmen, who will tempt you will all kinds of delights and a pinch of audacity.

And for the real fans, the ChocoRestaurants will be back with original cocoa and chocolate-based menus and sweet competitions with lots of mouth-watering prizes to be won!As usual, special focus will be placed on children. For them, plenty of fun, entertainment and games and, of course, sweet delights…

Chocotitano 2011: pass it on!www.chocotitano.comFollow us on facebook

CHOCOTITANO Borgo Maggiore29-30 October 2011

EVENT

6

in collaborazione:

Giunta di CastelloBorgo Maggiore

Camera di CommercioRepubblica di San Marino

a cura:

la fiera del Cioccolato

BORGO MAGGIORERepubblica San Marino

29-30 OTTOBRE 2011

Giunta di CastelloBorgo Maggiore

Camera di CommercioRepubblica di San Marino

p

www.chocotitano.com

ENTE CASSA DI FAETANO

with the contribution: with the collaboration:organized by: with the collaboration: with the support:

AMOUTH-WATERINGOFFER!!!Accommodation package“Discovering a mountainof chocolate”

Book your weekend in San Marino by 29 September and you’ll receive a 10% discount on the package as well as lots of tasty free gifts.

INFO:www.sanmarino2000.sm

YOUR WEEKEND IN SAN MARINOThe price includes: • One overnight stay with breakfast • One dinner in a restaurant in the old-city centre

of San Marino • Block of tickets for the tasting sessions offered

by the San Marino Chamber of Commerce • Bottle of wine offered by the Consorzio Vini

Tipici • Information kit; discount card valid in partici-

pating shops in old-city centre; 50% discount card for admission to State Museums.

4* Hotel rate starting at € 80,003* Hotel rate starting at € 68,002* Hotel rate starting at € 59,00

Rates are per person in double room Saturday 29 October Excursion into the country to learn more about the Republic of San Marino in terms of history, natural environment, photography and food and wine. The price of € 55.00 per person includes: transport, accompanying person/guide, lunch in res-taurant with drinks. Departure at 8.30 am and return at 5

4 july-august 2011in san marino

The results have been presented of the anal-ysis of the economic situation made by the Chamber of Commerce twice-yearly to ex-amine the state of health of the San Marino economy. By means of a telephone survey on a representational sample of 500 com-panies, this provides a clear picture of the growth prospects of the economy and of the confidence rating of companies. This year, for the first time, the analy-sis was made entirely by the staff of the Chamber of Commerce and, more specifically, by Dr. Nico-la Michi who, over the last twelve months, has attended a special train-ing path.

THE GENERAL PERCEPTIONThe analysis shows a slight rise in confidence among the country’s companies, es-pecially in the manufacturing sector. From the position of substantial standby of a few months ago, these have now passed into a more dynamic stage that has made them protagonists of the change and prompted them to undertake various types of actions in order to re-verse the economic downturn. Virtually unchanged however is the perception of the problems which companies consider to be of a priority nature – the fact that San Mari-no is listed on Italy’s black list and relations with that country – but the percentage of companies has increased considerably which say they have problems with their Italian custom-ers and suppliers: this figure has risen from 39% in 2010 to a current 60%.

ANTI-CRISIS STRATEGIESVarious strategies have been put into place by our entrepreneurs to react to the crisis: over 25% has concentrated on reducing costs, just over 20% on company reorganisation. Attempts have been made to find new markets/cus-tomers (above all in Europe, Asia and the United States) and create new prod-ucts/services. 39% have opted for the opening of new offices in Italy. In some cases, the economic downturn has re-sulted in workers being laid off; 23%

of companies have reduced the number of workers while others have made use of the Redundancy Fund.Many companies have also indicated positive factors such as the strategic position of San Marino, the tax system and security in the area, while at the same time pointing their finger against negative publicity and the fact that the country remains on Italy’s black list. 67% of companies consider the institutions have the power to take action in this sense.senso.Executive Summary available online (section STATISTICHE ECONOMICHE)

CONFIDENCE AMONGCOMPANIES RISES SLIGHTLYThe Chamber of Commerce presents an analysis of the economic situation

a curadella Camera di CommercioIndustria, Artigianato e Agricolturadella Repubblica di San Marino

MAGGIO 2011

STATISTICS

Cost cutting

Corporate reorganization

Search for new markets/customers

New products / Services

Changes to price policies

Use of forms of coordinated support

0,0% 5,0% 10,0% 15,0% 20,0% 25,0% 30,0%

Measures taken by companies:

MASSIMO GHIOTTIGeneral Manager

“70% of San Marino com-panies work with Italy and consequently commitment

in favour of internationalisa-tion, though very important,

cannot relegate into second place what is the major goal – the need to

solve our problems with Italy. The fact is that there are companies which, in terms of their very nature, size and type of product or service provided, can only hope to do business in San Marino and nearby Italy”.

www.cc.sm (Statistiche Economiche)


The aim of Science & Technology Parks is to

promote innovation and the competitiveness

of companies and consequently economic

growth. They represent a new way of con-ceiving links between companies, universities

and research centres; systems in which busi-

ness and research activities coexist and expand in

a constructive and favourable framework in terms of

relations, knowledge, innovative services and easy access to

expertise and cutting-edge instruments.

In Italy, 31 Parks are members of the Italian Science & Technology Park As-

sociation. These integrate 600 companies and 6300 operators.

The IASP (International Association of Science Parks) counts 372 members

worldwide and hosts 200,000 companies in 72 different countries.

SAN MARINO - ITALY

SCIENCE & TECHNOLOGY PARK TO BE COMPLETEDBY 2012

“The idea is to create opportunities together. San Marino is anxious to favour economic development, to build up a solid economy like that which brought it wealth during the post and after-war indus-trial period and which finds resources in a neighbouring country”. This is what the Minister for Industry, Marco Arzilli had to say following the official visit of the Italian Minister for Economic Development, Paolo Romani, who recently came to San Marino to speak about economic cooperation between the two States, and in particular about the Science & Technology Park. A project which is slowly taking shape and is due to be completed by 2012 with the signing of a bilateral agreement. A signature which will be affixed following the setting up of a technical panel due to already convene in September and consisting of representatives of the two Governments and of the Emilia Romagna and Marche regions, the Italian Minister of Education, University and Research and the University of San Marino.

THE KEY POINTIn speaking to Arzilli, Romani confirmed an investment of three million euro from Italy and two from San Marino. Many are the issues to be

discussed: from the definition of the legal status to be granted to the new institution, to the possibility of accessing European funds, to the de-

termination of the research fields. Also still to be decided is the location of the Science Park, which may be in San Marino, Italy or astride both.


FOCUS


MEMBERS’ AREA

THE EUROPEANINTEGRATION PROCESSWhat has been done, what remains to be done

July - December 2010

The technical team set up to assess the new conditions for integration with the European Union considered the benefits and drawbacks in relation to three possible scenarios:- extension of current agreement;- joining the European Economic Area;- joining the European Union.

15 December 2010

The final report of the Work Team was positively as-sessed by the Great and General Council which, at the same time, authorised the State Congress to start ne-gotiations with the dual aim of achieving better inte-gration of San Marino at European level and assess-ment of the existence of the political and interna-tional conditions required to begin the procedure for joining the EU.

January - June 2011

The Minister for Foreign Affairs sent a note to the President of the European Coun-cil and to the President of the European Com-mission, who ex-pressed interest in discussing in greater detail the possibility and conditions for the integration of smaller-size European countries. Hence San Marino started political-diplomatic meetings:

- at bilateral level, with the EU Member Countries, to gain their support for the process of greater Euro-pean integration;

- at multilateral level, with other micro States (An-dorra and Monaco) and the services of the European Commission to discuss possible integration scenari-os, determine the main problems of each micro State and discuss the possibility of creating a new general agreement.


OSL@CUBE is the business incubator dedicated to the operators of the Republic of San Marino. It is a physical-virtual place equipped with computer technologies, common areas for presentations, press conferences and meetings and an organi-sation secretariat, able to provide companies with backing both during start up,

and consolidation and development. This way, the OSLA (San Marino Businesspersons Association) intends fostering the growth of innovative businesses, favouring the creation of new jobs and, at the same time, strengthening the San Marino economic fabric.

THE INTEGRATION OF MICRO STATES

Organizzazione Sammarinese degli Imprenditori

WHAT IS HAPPENING IN EUROPEIn June 2011, the European Council adopted the EFTA Group Report for the integration of the three micro States (San Ma-rino, Andorra and Monaco). This contemplates a single legal reference base which nevertheless takes into account indi-vidual national specificities in the negotiation stage. The Report further commits the EU to analyse the new institutional framework, to present the first results by the end of 2011 and to provide recommendations on integration by June 2012. For the first time therefore, the EU has undertaken to deal with micro States in accordance with a precise schedule.

WHAT IS HAPPENING IN SAN MARINOIn carefully considering the proposal of an ad hoc agreement with the EU, without giving up the prospect of joining the Union, on 7 June 2011 the Great and General Council approved an Agenda committing the San Marino institutions to ensure the application of the Cooperation Agreement and Customs Union and to indicate San Marino’s negotiating position. The latter must take into account the “political role and European citi-zenship, the possibility of taking part in European training and funding programmes, the negotiated acceptance of the four freedoms and relevant acquis, in the absence of which starting procedures for joining the Union cannot be ruled out”.

13 July: the Foreign Affairs Council Commission, in a new Agenda, reiterated the contents of the Agenda approved by the Great and General Council on 7 June 2011.

14 July: the official letter was delivered to the European Com-mission convening the EU- San Marino Cooperation Commit-tee, contemplated by the applicable Cooperation Agreement and Customs Union. The aim is to improve the enforcement and operation of the Agreement and identify new fields of co-operation.

In the coming months, the Cooperation Committee will con-vene to discuss a number of problems, including:

• the setting up of a San Marino customs

• the improvement of the free circulation of a number of goods

• the strengthening of cooperation in the infrastructure and tourist, health fields;

• financial sector problems.

THE MINISTRY OF FOREIGN AFFAIRS INITIATIVES …Training will be the key word to best tackle the challenge of integration.The in-depth examination of community topics will in fact be entrusted in part to post-graduates, for whom scholarships will be set up to enable them to attend upgrade courses on community law at the College of Europe in Bruges. What is more, current Public Administration staff will be suitably trained.

… AND THOSE OF THE DEPARTMENT The Foreign Affairs Department has already contacted univer-sity lecturers and experts on community matters to determine the feasibility of future forms of tutorship within the San Ma-rino Public Administration and, at the same time, to receive support in analysing topics relating to the single market in view of the definition of its negotiating position.


The San Marino Chamber of Commerce is a joint-stock company with mixed public and private capital, held for 51% by the state of San Marino and for 49% by trade associations (ANIS, OSLA , UNAS, USC and USOT), banks (Banca Agricola Commerciale, Banca di San Marino, Cassa di Risparmio and Credito Industriale Sammarinese) and the University of San Marino. It offers support services for companies and organizes promotional activities for the territory and the local economy. For enterprise, it provides a channel of access to the public administration, the meeting point between industry and the state.

CHAMBER OF COMMERCE

Year III - July - August 2011 - n. 4

Executive Editor: Massimo GhiottiEditorial Team: Marianna BucciCamera di Commercio di San Marino S.p.A.Str. di Paderna, 2 - 47895 Fiorina di Domagnano - RSMTel. 0549-980.380 - Fax. 0549-944.554 - Mail: [email protected]

Graphic Design: 3 STUDIOPrinted on: STUDIO STAMPACirculation 1500 copies

BOARD OF DIRECTORSSimona Michelotti - President of the Chamber of CommerceSilvano AndreaniParide BugliRiccardo CervelliniEmanuel ColombiniGiorgia GasperoniGiorgio PetroniVladimiro RenziGian Franco Terenzi

STAFFMassimo Ghiotti - General Manager Evelina Guglielmi - Quality and Production Department Roberto Bucci - Fairs and events organization consultantMarco Macina - Executive Assistant and IT Department Jessica Dell’Ominut - Accounting and Secretarial Office Federica Tonelli - Legal OfficeMassimo Zani - Buying and Sales DepartmentMarianna Bucci - Marketing DepartmentNicola Michi - Production and Planning Department

Six months after receiving the official prize of the “L’Idea che ti premia” competition, Alessandro Giannini presented to the Chamber of Commerce the documents certify-ing attendance of the summer study course of the Rider University of New Jersey (United States). In accordance with the regulations therefore, he will receive the sum of 1,500.00 Euro towards sustained costs. Alessandro, a San Marino student who attends the ITIS “Leonardo Da Vinci” in Rimini, took part in the 2010 edition of the competition of innovative business ideas with the project “Occhio Salvavita” (Lifesaver Eye), a device able to automatically send an SOS message to the police in case of a serious road accident so as to ensure immediate first aid. A creative and

far-reaching idea which enabled him to beat the 22 other competitors and which Alessandro has decided to exploit by attending a language course in the USA.

AN EXAMPLE TO IMITATEA precise and hard-working student also praised by the Academic Coordinator, Mary Amato, who was contacted by us in order to check Alessandro’s documents and ex-pressed her satisfaction in being able to work with such diligent students. Besides being a great example for young people, Alessandro also portrays a real and constructive image of our Republic in the world.

The 2010 edition of the “L’Idea che ti premia” competition was conceived and implemented by the San Marino Chamber of Commerce in conjunction with the

Rotaract youth association of San Marino and with the contribution of Banca di San Marino and Forum dei Giovani.

THE WINNER OF THE“L’IDEA CHE TI PREMIA”COMPETITION HAS CHOSEN THERIDER UNIVERSITY

YOUNG ENTREPRENEURS

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Made in San Marino - english version