Economic Survey of North 2014

Economic Survey of North Sardinia 2014

PAGE 1 Economic Survey of North Sardinia 2014

Introduction

Through the publication of the Economic Survey of North Sardinia, the Chamber of Commerce of aims to provide each year an updated and detailed study concerning social and economic aspects in the provinces of Sassari and -Tempio and, more generally, in Sardinia . This survey is addressed to all the entrepreneurs and institutions interested in the local economy and in the potential opportunities offered by national and foreign trade. Indeed, this analysis takes into account the essential aspects of the entrepreneurial activity (business dynamics, agriculture and agro-industry, foreign trade, credit, national accounts, manufacturing and services, etc…). Moreover, the analysis of the local economy, compared with regional and national trends, allows to reflect on the future prospects of the territory and to set up development projects. This 16th edition of the Survey is further enriched with comments and a glossary, intended to be a “guide” to the statistical information. In data-processing, sources from the Chamber Internal System – especially the Business Register – have been integrated with data provided by public institutions and trade associations. The Chamber of Commerce wishes to thank them all for their collaboration. In the last years, the Chamber of North Sardinia has been editing and spreading a version of the Survey in English, in order to reach all the main world trade operators. International operators willing to invest in this area are thus supported by this Chamber through this deep analysis of the local economy. At the same time, local entrepreneurs are assisted in international trade, which is becoming increasingly crucial in the globalisation process.

The Managing Director The President Pietro Esposito Gavino Sini

PAGE 2 Economic Survey of North Sardinia 2014

Summary

pag.

1. Population 4

2. National Accounts 9

3. Business Dynamics 19 4. Handicraft 41

5. Agriculture 49

6. Manufacturing 56

7. Trade 62

8. Tourism 71

9.Tr ansportation 86

10. Services 103

11. Foreign Trade 108

12. Credit 119

13. Work and Employment 126 14. Quality of life 143

PAGE 3 Economic Survey of North Sardinia 2014

Economic Survey of North Sardinia 2014

CHAPTER1 POPULATION

PAGE 4 Economic Survey of North Sardinia 2014

1. DEMOGRAPHIC BALANCE AND RESIDENT POPULATION ON 31st DECEMBER - YEAR 2013

Resident Immigration Immigration Immigration Emigration to Emigration Emigration Resident Live Natural Net population on Deaths from other from other for other other to other for other poulation on births increase migration 1st January Municipalities Countries reasons Municipalities Countries reasons 31st December Sassari 329.551 2.324 3.179 -855 5.128 862 7.292 5.289 448 1.144 6.401 335.097 Olbia-Tempio 152.455 1.324 1.290 34 3.470 789 6.427 3.150 344 1.163 6.029 158.518 NORTH SARDINIA 482.006 3.648 4.469 -821 8.598 1.651 13.719 8.439 792 2.307 12.430 493.615 551.077 4.083 4.682 -599 13.726 1.465 14.249 14.036 975 4.080 10.349 560.827 158.314 1.148 1.493 -345 1.969 328 2.028 2.631 157 526 1.011 158.980 Oristano 163.079 1.047 1.715 -668 3.044 337 1.723 3.211 253 540 1.100 163.511 Ogliastra 57.321 453 554 -101 927 163 602 955 58 200 479 57.699 Medio Campidano 100.624 705 1.006 -301 1.344 165 740 1.542 170 184 353 100.676 Carbonia-Iglesias 127.958 788 1.297 -509 1.918 252 1.365 1.964 188 281 1.102 128.551 Sardinia 1.640.379 11.872 15.216 -3.344 31.526 4.361 34.426 32.778 2.593 8.118 26.824 1.663.859 59.685.227 514.308 600.744 -86.436 1.372.719 307.454 1.430.403 1.383.943 125.735 417.021 1.183.877 60.782.668 Resident population on 31st December Carbonia-Iglesias Medio Campidano 8% 6% Ogliastra Sassari 3% 20%

Oristano 10% Olbia-Tempio 9%

Nuoro 10% Cagliari 34%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 5 Economic Survey of North Sardinia 2014

2. RESIDENT POPULATION BY MUNICIPALITY - YEAR 2013 PROVINCE: SASSARI PROVINCE: OLBIA-TEMPIO

Population on Population on Population on 1st Population on 31st Population on Population on Municipalities Municipalities Municipalities 1st January 31st December January December 1st January 31st December

Alghero 40.685 43.505 1.407 1.406 1.602 1.574 675 675 2.829 2.820 1.180 1.201 Ardara 792 785 Olmedo 4.040 4.109 Alà dei Sardi 1.927 1.907 611 609 3.156 3.151 11.532 12.817 1.970 1.945 Ossi 5.873 5.868 1.884 1.870 426 423 10.834 10.850 2.866 2.853 1.000 991 687 669 795 794 Bono 3.605 3.605 3.191 3.184 Buddusò 3.942 3.938 3.601 3.573 2.419 2.402 4.945 5.060 282 292 4.642 4.644 4.212 4.214 725 720 22.379 22.461 2.289 2.385 1.039 1.017 2.703 2.694 10.884 11.433 547 547 750 747 3.341 3.385 Burgos 944 949 Romana 570 567 1.876 1.900 654 639 S. Maria Coghinas 1.432 1.454 2.606 2.628 5.751 5.817 Sassari 125.672 127.715 Monti 2.521 2.526 455 452 1.352 1.357 Olbia 55.131 57.889 1.719 1.706 162 163 3.404 3.380 1.334 1.326 7.405 7.413 2.139 2.133 886 886 906 895 Palau 3.774 4.163 759 763 14.389 14.725 S. Antonio di 1.591 1.558 402 398 1.521 1.635 5.003 5.211 1.544 1.552 606 599 San Teodoro 4.630 4.817 579 578 3.009 3.047 2.264 2.294 942 924 2.344 2.350 13.973 14.367 563 558 Torralba 987 986 Trinità d'Ag. e Vignola 2.144 2.221 8.802 8.782 Tula 1.587 1.563 942 949 Uri 3.034 3.031 TOTAL 152.455 158.518 Mara 658 645 4.386 4.430 539 534 4.066 4.214 TOT. NORTH SARDINIA 482.006 493.615 Monteleone R.D. 110 114 1.700 1.718 Mores 1.935 1.938 Villanova Mont. 2.347 2.331 SARDINIA 1.640.379 1.663.859 Muros 832 851 Nughedu S. Nicolò 858 851 TOTAL 329.551 335.097 Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 6 Economic Survey of North Sardinia 2014

3. POPULATION AGED 15 AND OVER BY HIGHEST LEVEL OF EDUCATION

Absolute values Percentage values Upper and Upper and Primary school Lower Tertiary (university, Primary school Lower Tertiary (university, post post Territory certificate, no secondary doctoral and certificate, no secondary doctoral and secondary Total secondary Total educational school specialisation educational school specialisation school school degree certificate courses) degree certificate courses) certificate certificate Sassari 65.731 110.878 86.091 30.948 293.648 22,4 37,8 29,3 10,5 100,0 Olbia-Tempio 32.688 51.905 44.742 9.044 138.379 23,6 37,5 32,3 6,5 100,0 Cagliari 90.464 189.819 141.363 72.030 493.676 18,3 38,5 28,6 14,6 100,0 Nuoro 33.339 57.995 36.238 10.526 138.098 24,1 42,0 26,2 7,6 100,0 Oristano 35.353 60.536 37.965 11.503 145.357 24,3 41,6 26,1 7,9 100,0 Ogliastra 13.430 20.551 12.382 4.061 50.425 26,6 40,8 24,6 8,1 100,0 Medio Campidano 23.043 38.924 22.512 4.903 89.381 25,8 43,5 25,2 5,5 100,0 Carbonia-Iglesias 28.382 41.316 36.125 9.061 114.884 24,7 36,0 31,4 7,9 100,0 SARDINIA 322.431 571.924 417.417 152.076 1.463.847 22,0 39,1 28,5 10,4 100,0

NORTH-WEST 2.687.026 4.413.630 5.100.892 1.757.820 13.959.369 19,2 31,6 36,5 12,6 100,0 NORTH-EAST 1.973.295 3.070.494 3.766.012 1.217.213 10.027.013 19,7 30,6 37,6 12,1 100,0 CENTRE 2.049.223 2.968.867 3.907.405 1.461.624 10.387.119 19,7 28,6 37,6 14,1 100,0 SOUTH AND ISLANDS 4.236.585 6.026.993 5.696.567 1.817.521 17.777.665 23,8 33,9 32,0 10,2 100,0

ITALY 10.946.129 16.479.984 18.470.876 6.254.178 52.151.166 21,0 31,6 35,4 12,0 100,0

45,0 40,0 35,0 30,0 25,0 Primary school certificate, no educational degree 20,0 15,0 10,0 Lower secondary school certificate 5,0 0,0 Upper and post secondary school certificate Tertiary (university, doctoral and specialisation courses)

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 7 Economic Survey of North Sardinia 2014

POPULATION

This chapter consists of three main tables: the first one presents the resident population by province, while the second one details the demography of the single municipalities of North Sardinia. The third chart analyses the population by level of education. The first table shows that the majority of the Sardinian population resides in the south of the Island: the provinces of Cagliari and Carbonia- Iglesias total up 42% of the resident population, while the provinces of Sassari and Olbia-Tempio almost reach 30%. All Provinces, except Olbia- Tempio (with a positive natural increase of 34 units), register a negative natural increase, trend confirmed at national level too. In fact, the population growth is mainly due to immigration, both for Sardinia and for Italy. The second chart, by presenting the resident population in the single municipalities of North Sardinia, highlights the steady and worrying depopulation of the inland areas, particularly of the small villages. On the other hand, the coastal towns are characterised by population growth. More than 50% of the resident population of North Sardinia is concentrated in the four biggest municipalities of the area: Sassari (127.715), Olbia (57.889), (43.505) and Porto Torres (22.461). Sassari is the second most populated city of Sardinia after Cagliari (more than 154.000 inhabitants). By examining the third chart, we can denote that Sardinia, and, in general, the south area of the Peninsula, counts a lower percentage of people who have earned a post-secondary school certificate or a degree. In fact, Sardinia registers a 39,1% of people with a lower secondary school certificate, whereas this percentage drops to 31,6% in Italy. Furthermore, this percentage in the provinces of Oristano, Ogliastra, Nuoro and Medio-Campidano exceeds 40%. By consequence, in Sardinia only 28,5% of people aged 15 and over has accomplished a secondary school certificate, while in Italy this percentage rises up to 35,4%; only the provinces of Olbia-Tempio (32,3%) and Carbonia-Iglesias (31,4%) exceed 30%. This education gap is less evident when we compare the percentage of people with a tertiary education in Sardinia (10,4%) and Italy (12%). Particularly, the (14,6%) and the (10,5%) show a higher percentage of people with a tertiary education than the rest of the Island, partly due to the presence of the Universities in the two cities.

PAGE 8 Economic Survey of North Sardinia 2014

Economic Survey of North Sardinia 2014

CHAPTER 2 NATIONAL ACCOUNTS

PAGE 9 Economic Survey of North Sardinia 2014

1a. VALUE ADDED AT CURRENT PRICES BY ECONOMIC SECTOR (YEAR 2012) AND PROVISIONAL TOTAL 2013 Values in millions of euro

2012 2013 Agriculture, Industry Services Total Territory forestry and Total industry Total Construction Total industry fishing excluding construction Sassari 177,6 449,1 304,1 753,2 4.742,2 5.673,0 5.630,3 Olbia-Tempio 49,4 280,6 212,3 492,9 3.006,9 3.549,2 3.487,4 North Sardinia 227,1 729,7 516,4 1.246,1 7.749,1 9.222,2 9.117,8 Cagliari 247,8 1.018,4 519,0 1.537,5 10.003,9 11.789,1 11.628,1 Nuoro 107,4 275,0 139,7 414,6 1.994,6 2.516,6 2.474,1 Oristano 196,9 132,5 99,4 231,9 1.846,1 2.274,9 2.258,3 Ogliastra 32,3 66,6 54,5 121,1 748,8 902,2 900,7 Medio Campidano 54,1 107,3 70,1 177,3 795,3 1.026,8 998,3 Carbonia-Iglesias 57,3 285,9 72,2 358,1 1.116,1 1.531,4 1.495,0 SARDINIA 922,9 2.615,4 1.471,2 4.086,6 24.253,8 29.263,3 28.872,3 ITALY 28.168,4 257.618,3 82.354,0 339.972,3 1.034.632,4 1.402.772,8 1.396.786,0 1b. PERCENT VALUES OF ECONOMIC SECTOR BY PROVINCE 2012 Agriculture, Industry Services Total Territory forestry and Total industry Construction Total Industry fishing excluding construction Sassari 3,13% 7,92% 5,36% 13,28% 83,59% 100,00% Olbia-Tempio 1,39% 7,91% 5,98% 13,89% 84,72% 100,00% North Sardinia 2,46% 7,91% 5,60% 13,51% 84,03% 100,00% Cagliari 2,10% 8,64% 4,40% 13,04% 84,86% 100,00% Nuoro 4,27% 10,93% 5,55% 16,48% 79,26% 100,00% Oristano 8,66% 5,82% 4,37% 10,19% 81,15% 100,00% Ogliastra 3,59% 7,38% 6,04% 13,42% 82,99% 100,00% Medio Campidano 5,27% 10,45% 6,83% 17,27% 77,46% 100,00% Carbonia-Iglesias 3,74% 18,67% 4,71% 23,38% 72,88% 100,00% SARDINIA 3,15% 8,94% 5,03% 13,96% 82,88% 100,00% ITALY 2,01% 18,36% 5,87% 24,24% 73,76% 100,00%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Fondazione Istituto Guglielmo Tagliacarne

PAGE 10 Economic Survey of North Sardinia 2014

2a. VALUE ADDED BY PROVINCE - YEAR 2012 Percent values 2012 Industry Services Total Territory Agriculture, forestry Total industry excluding and fishing Construction Total industry construction Sassari 19,2% 17,2% 20,7% 18,4% 19,6% 19,4% Olbia-Tempio 5,4% 10,7% 14,4% 12,1% 12,4% 12,1% North Sardinia 24,6% 27,9% 35,1% 30,5% 31,9% 31,5% Cagliari 26,8% 38,9% 35,3% 37,6% 41,2% 40,3% Nuoro 11,6% 10,5% 9,5% 10,1% 8,2% 8,6% Oristano 21,3% 5,1% 6,8% 5,7% 7,6% 7,8% Ogliastra 3,5% 2,5% 3,7% 3,0% 3,1% 3,1% Medio Campidano 5,9% 4,1% 4,8% 4,3% 3,3% 3,5% Carbonia-Iglesias 6,2% 10,9% 4,9% 8,8% 4,6% 5,2% SARDINIA 100,0% 100,0% 100,0% 100,0% 100,0% 100,0%

2b. VALUE ADDED, PERCENT VARIATION COMPARED TO 2011 2012 Industry Services Total Territory Agriculture, forestry Total industry excluding and fishing Construction Total industry construction Sassari -1,74% -8,36% -17,64% -12,36% 1,11% -1,00% Olbia-Tempio -15,68% -1,24% -5,94% -3,34% 8,78% 6,50% North Sardinia -5,15% -5,76% -13,22% -8,99% 3,96% 1,76% Cagliari 42,73% -9,14% -16,70% -11,85% 2,57% 1,01% Nuoro 12,22% -24,96% -4,93% -19,24% -8,62% -9,86% Oristano -23,19% -22,55% -21,42% -22,07% -13,66% -15,50% Ogliastra 49,74% 40,47% -7,63% 13,91% -0,29% 2,64% Medio Campidano -28,88% -7,05% -11,73% -8,96% -17,60% -16,93% Carbonia-Iglesias 28,11% 23,08% -21,30% 10,52% -11,43% -5,98% SARDINIA 1,69% -7,51% -14,55% -10,17% -1,03% -2,33% ITALY 1,86% -1,42% -4,47% -2,18% -0,12% -0,59%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Fondazione Istituto Guglielmo Tagliacarne

PAGE 11 Economic Survey of North Sardinia 2014

3. VALUE ADDED PER CAPITA AT CURRENT PRICES - YEAR 2013

Territory 2013 Sassari 17.054,0 SOUTH AND ISLANDS Olbia-Tempio 22.852,7 CENTRE Cagliari 21.060,1 NORTH-EAST Nuoro 15.658,6 NORTH WEST Oristano 13.867,6 SARDINIA Ogliastra 15.702,0 Carbonia-Iglesias ITALY Medio Campidano 9.933,1 Medio Campidano Carbonia-Iglesias 11.715,7 Ogliastra SARDINIA 17.592,1 Oristano

Nuoro ITALIA NORTH WEST 28.416,7 Cagliari NORTH-EAST 27.996,7 Olbia-Tempio CENTRE 25.830,3 Sassari SOUTH AND ISLANDS 15.357,3 9.000 14.000 19.000 24.000 29.000 34.000 ITALY 23.333,4

Value added per capita Value added rankings per capita at current prices Variation of position rankings 2008- Territory 2008 2009 2010 2011 2012 2013 2008 2009 2010 2011 2012 2013 2013 Sassari 16.507,7 16.172,5 16.305,8 17.358,2 17.261,5 17.054,0 83 84 84 80 79 79 4 Olbia-Tempio 22.276,0 22.519,4 23.328,7 23.933,9 23.431,1 22.852,7 57 49 47 46 47 52 5 Cagliari 23.528,9 22.536,3 21.911,6 21.598,4 21.415,9 21.060,1 51 48 57 60 60 60 -9 Nuoro 15.589,4 15.410,7 15.989,4 16.022,6 15.856,8 15.658,6 90 87 85 86 85 86 4 Oristano 14.517,4 14.319,4 14.393,3 14.133,4 13.924,4 13.867,6 96 95 96 98 98 99 -3 Ogliastra 14.088,9 13.709,1 15.027,1 16.028,3 15.735,9 15.702,0 101 100 89 85 86 85 16 Medio Campidano 10.413,2 9.940,8 10.434,7 10.314,8 10.176,1 9.933,1 110 110 110 110 110 110 0 Carbonia-Iglesias 13.094,2 13.028,9 12.599,3 12.426,4 11.947,3 11.715,7 108 106 107 107 108 108 0 SARDINIA 18.349,3 17.896,9 17.902,8 18.062,3 17.853,1 17.592,1 15 15 15 15 15 15 0 NORTH-WEST 29.391,0 27.825,5 28.657,0 29.097,5 28.705,4 28.416,7 1 1 1 1 1 1 0 NORTH-EAST 28.708,8 27.389,0 27.780,6 28.547,6 28.179,4 27.996,7 2 2 2 2 2 2 0 CENTRE 26.616,1 25.969,7 25.962,3 26.334,3 26.019,9 25.830,3 3 3 3 3 3 3 0 SOUTH AND ISLANDS 16.053,3 15.621,3 15.592,6 15.674,6 15.531,9 15.357,3 4 4 4 4 4 4 0 ITALY 24.096,2 23.158,7 23.455,2 23.833,3 23.560,3 23.333,4

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Fondazione Istituto Guglielmo Tagliacarne

PAGE 12 Economic Survey of North Sardinia 2014

4a. DISPOSABLE INCOME PER CAPITA OF CONSUMER HOUSEHOLDS - YEAR 2012

2012 Sassari 14.344,28 SOUTH AND ISLANDS Olbia-Tempio 16.566,46 CENTRE Cagliari 15.893,78 NORTH-EAST Nuoro 13.557,73 NORTH-WEST Oristano 12.852,15 SARDINIA Ogliastra 11.505,31 Carbonia-Iglesias Medio Campidano 11.116,06 Medio Campidano

Carbonia-Iglesias 11.952,80 ITALY Ogliastra SARDINIA 14.360,10 Oristano Nuoro NORTH-WEST 20.216,00 NORTH-EAST 20.021,65 Cagliari CENTRE 18.706,77 Olbia-Tempio SOUTH AND ISLANDS 12.774,88 Sassari 10.000,00 15.000,00 20.000,00 25.000,00 ITALY 17.307,21

4b. DISPOSABLE INCOME OF CONSUMER HOUSEHOLDS, VALUES IN MILLIONS OF EURO AND PERCENT VARIATIONS 2007 2008 2009 2010 2011 2012 Var. % 2008/2007 Var. % 2009/2008 Var. % 2010/2009 Var. % 2011/2010 Var. % 2012/2011 Sassari 4.612 4.693 4.645 4.899 4.882 4.714 1,76% -1,03% 5,47% -0,35% -3,43% Olbia-Tempio 2.352 2.444 2.455 2.516 2.515 2.509 3,91% 0,48% 2,48% -0,04% -0,23% SARDINIA 22.972 23.361 23.191 23.559 23.996 23.538 1,69% -0,73% 1,58% 1,86% -1,91% ITALY 1.031.641 1.048.558 1.021.121 1.032.614 1.052.720 1.030.467 1,64% -2,62% 1,13% 1,95% -2,11%

Percent variations of disposable income 6,0% 5,0% 4,0% 3,0% Sassari 2,0% 1,0% Olbia-Tempio 0,0% SARDINIA -1,0% ITALY -2,0% -3,0% -4,0% 2008 2009 2010 2011 2012

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Unioncamere

PAGE 13 Economic Survey of North Sardinia 2014

5a.HOUSEHOLD FINAL CONSUMPTION EXPENDITURE

EXPENDITURE PER CAPITA (in euro) PERCENT VARIATIONS OVER THE PREVIOUS YEAR 2007 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 Sassari 12.843,74 13.070,34 12.968,46 13.191,30 13.298,00 13.566,55 1,8% -0,8% 1,7% 0,8% 2,0% Olbia-Tempio 15.834,21 16.286,46 15.771,61 15.837,47 16.046,38 13.982,50 2,9% -3,2% 0,4% 1,3% -12,9% SARDINIA 12.843,20 13.209,90 13.035,75 13.195,95 13.482,60 13.660,38 2,9% -1,3% 1,2% 2,2% 1,3% ITALY 15.510,63 15.721,73 15.338,57 15.674,99 16.087,53 16.169,39 1,4% -2,4% 2,2% 2,6% 0,5%

PERCENT VARIATIONS 5,0%

0,0% Sassari

-5,0% Olbia-Tempio SARDINIA -10,0% ITALY

-15,0% 2008 2009 2010 2011 2012

EXPENDITURE PER CAPITA 20.000,00 16.286,46 15.721,73 16.169,39 13.982,50 15.000,00 13.070,34 13.566,55 13.209,90 13.660,38 2008 2009 10.000,00 2010

5.000,00 2011 2012 0,00 Sassari Olbia-Tempio SARDINIA ITALY Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Fondazione Istituto Guglielmo Tagliacarne

PAGE 14 Economic Survey of North Sardinia 2014

5b. Household final consumption expenditure- Year 2012 Values in millions of euro and percent composition

Furniture, electrical appliances, transports Territory Food, beverage and tobacco % Clothing, footwear and leather goods % % Total of goods % and other goods

Sassari 808,1 18,12% 301,6 6,77% 1.227,4 27,53% 2.337,1 52,42% Olbia-Tempio 376,0 17,75% 143,5 6,78% 483,9 22,85% 1.003,5 47,38% Cagliari 1.338,0 17,39% 508,3 6,61% 2.066,8 26,87% 3.913,2 50,87% Nuoro 381,4 17,82% 143,9 6,72% 583,8 27,27% 1.109,0 51,81% Oristano 388,8 18,19% 147,2 6,89% 643,0 30,07% 1.179,1 55,15% Ogliastra 136,5 17,74% 51,4 6,67% 227,3 29,52% 415,2 53,93% Medio Campidano 246,4 18,19% 95,4 7,04% 404,6 29,87% 746,4 55,11% Carbonia-Iglesias 311,2 18,11% 111,2 6,47% 516,7 30,07% 939,1 54,64% SARDINIA 3.986,4 17,80% 1.502,5 6,71% 6.153,5 27,48% 11.642,5 52,00% ITALY 163.026,9 16,93% 65.283,6 6,78% 232.187,6 24,12% 460.498,1 47,83%

Territory Real and imputed rent of houses % Other services % Total of services % Total of goods and services %

Sassari 688,3 15,44% 1.433,2 32,14% 2.121,5 47,58% 4.458,7 100,00% Olbia-Tempio 363,6 17,17% 751,0 35,46% 1.114,5 52,62% 2.118,0 100,00% Cagliari 1.160,0 15,08% 2.619,7 34,05% 3.779,6 49,13% 7.692,8 100,00% Nuoro 269,0 12,57% 762,5 35,62% 1.031,5 48,19% 2.140,5 100,00% Oristano 268,8 12,57% 690,2 32,28% 959,0 44,85% 2.138,1 100,00% Ogliastra 94,8 12,31% 260,0 33,76% 354,7 46,07% 769,9 100,00% Medio Campidano 133,6 9,87% 474,3 35,02% 607,9 44,89% 1.354,3 100,00% Carbonia-Iglesias 192,6 11,21% 586,9 34,15% 779,5 45,36% 1.718,6 100,00% SARDINIA 3.170,7 14,16% 7.577,7 33,84% 10.748,4 48,00% 22.390,9 100,00% ITALY 147.739,04 15,35% 354.483,9 36,82% 502.222,9 52,17% 962.721,0 100,00% PERCENT COMPOSITION OF CONSUMPTION BY PROVINCE Carbonia-Iglesias 8% Sassari Medio Campidano 20% 6% Ogliastra 3%

Oristano 10% Olbia-Tempio 9%

Nuoro 10%

Cagliari 34%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Fondazione Istituto Guglielmo Tagliacarne

PAGE 15 Economic Survey of North Sardinia 2014

6a. FAMILY'S ASSETS PER TYPE OF ACTIVITY - YEAR 2012 Data in millions of euro

Fixed assets Financial assets Territory Movable Reserve Total Dwellings Lands Total Deposits Total values assets Sassari 25.643 1.527 27.170 4.041 2.675 1.762 8.478 35.648 Olbia-Tempio 14.280 1.241 15.521 1.464 1.295 1.001 3.760 19.281 Cagliari 46.511 1.765 48.276 7.859 6.768 3.897 18.525 66.801 Nuoro 12.587 1.564 14.151 2.232 1.071 925 4.228 18.379 Oristano 11.846 851 12.697 1.684 1.026 887 3.597 16.294 Ogliastra 4.205 910 5.115 552 280 289 1.121 6.235 Medio Campidano 6.360 616 6.976 909 481 465 1.856 8.831 Carbonia-Iglesias 8.236 687 8.923 1.016 819 587 2.422 11.345 SARDINIA 129.667 9.161 138.828 19.758 14.415 9.813 43.986 182.814 ITALY 5.600.961 233.595 5.834.555 1.033.300 1.725.700 693.500 3.452.500 9.287.055 Percent composition of family's assets

Medio Carbonia- Campidano Iglesias 6% 5% Sassari Ogliastra 19% 3%

Oristano 9% 6b. ANNUAL PERCENT VARIATIONS OF FAMILY'S ASSETS AND VALUES PER FAMILY Olbia- Tempio VARIATIONS % VALUES PER FAMILY (in euro) Territory Nuoro 11% 2010/2009 2011/2010 2012/2011 2009 2010 2011 2012 10% Sassari 3,1 1,0 -1,5 254.584 258.497 251.579 244.814 Olbia-Tempio 1,9 1,7 -2,0 289.696 290.741 275.686 263.879 Nuoro 2,6 2,2 -1,8 272.271 280.071 279.771 272.073 Cagliari 1,9 2,4 -1,9 292.867 294.079 290.600 279.571 Oristano 2,2 2,2 -1,9 247.525 249.802 249.961 241.643 Cagliari Ogliastra 1,9 2,4 -2,6 255.254 257.069 257.677 247.111 37% Medio Campidano 0,5 1,1 -1,3 226.637 226.007 225.638 221.220 Carbonia-Iglesias 0,6 1,6 -1,5 219.025 218.939 218.284 213.761 SARDINIA 2,1 1,9 -1,8 267.500 269.849 265.879 257.185 ITALY 0,7 -1,0 -0,8 384.624 383.675 368.528 362.285 Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Unioncamere-Si.Camera

PAGE 16 Economic Survey of North Sardinia 2014

NATIONAL ACCOUNTS

These charts take into account the aggregates of the system of national accounts. The first three pages are dedicated to the analysis of the Value Added, that, according to the definition of the OECD (Organisation for Economic Co-operation and Development), is the value of output less the value of intermediate consumption; it is a measure of the contribution to GDP (Gross Domestic Product) made by an individual producer, industry or sector. The percent values of economic sector by province (table 1b) point out that, compared to Italy, Sardinian economy is still characterised by a larger contribution of the primary sector to the Value Added and by a smaller contribution of the secondary sector to the V.A. Indeed, the contribution of Agriculture to the Value Added in Sardinia accounts for 3,15%, whereas in Italy this percentage goes down to 2,01%. Moreover, this quota is even more significant in the provinces of Nuoro (4,27%), Oristano (8,66%) and Medio-Campidano (5,27%); only Olbia- Tempio (1,39%) and Cagliari (2,10%) present a percentage closer to the Italian one. With regard to the contribution of the Industry sector (excluding constructions), both North Sardinia (7,91%) and the whole Island (8,94%) show a gap compared to the national data (18,36%), with the only exception of Carbonia-Iglesias (18,67%). Lastly, the tertiary sector contributes to the V.A. in Italy with a percentage of 73,76%, whereas service activities play a stronger role both in North Sardinia and in the entire Region (84,03% and 82,88% respectively). In reference to the contribution of each province given to the Value Added of the Island (table 2a), Cagliari makes up 40,3%, while the two Provinces of North Sardinia amount to 31,5%. Only the provinces of Olbia-Tempio (+6,50%), Cagliari (+1,01%) and Ogliastra (+2,64%) have increased their Value Added compared to 2011. On the other hand, the negative performances of Sardinia (-2,33%) and Italy (-0,59%) mirror the difficult economic situation. The data concerning the Value Added per capita (table 3) and the disposable income per capita (table 4a) bring out that the provinces of Olbia-Tempio (V.A. per capita € 22.852,7; disposable income per capita € 16.566,46) and Cagliari (disposable income per capita € 15.893,78; V.A. per capita € 21.060,1, although it has dropped nine places compared to 2008 in the Value Added ranking of the Italian provinces) are above Regional average (V.A. per capita € 17.952,1; disposable income per capita € 14.360,1). Instead, Sassari’s figures are consistent with Sardinian ones, which are however better than the ones registered in the south of Italy. Besides, once again the negative percent variations of the family’s assets in both Sardinia and Italy (table 6b) underline the impoverishment due to the economic crisis.

PAGE 17 Economic Survey of North Sardinia 2014

GLOSSARY Value added: it is the value of output less the value of intermediate consumption; it is a measure of the contribution to GDP made by an individual producer, industry or sector. Disposable income: the amount of money that households have available for spending and saving after taxes have been accounted for. Household final consumption expenditure: it is the expenditure made by households (irrespective of their nationality or residence status) on goods or services for the direct satisfaction of individual needs or wants. Consumer households: individual persons or groups of persons living together as households.

PAGE 18 Economic Survey of North Sardinia 2014 Economic Survey of North Sardinia 2014

CHAPTER 3 BUSINESS DYNAMICS

PAGE 19 Economic Survey of North Sardinia 2014

BUSINESS DYNAMICS IN SARDINIA - YEAR 2013

Territory Registered Operating Start-ups Shutdowns* Balance Growth rate 2013/2012 Sassari 34.522 28.887 2.012 1.866 146 0,42% Olbia Tempio** 22.790 18.644 1.380 1.258 122 0,54% North Sardinia** 57.312 47.531 3.392 3.124 268 0,47% Cagliari 53.100 44.994 3.174 2.952 222 0,41% Carbonia Iglesias 9.560 8.477 511 518 -7 -0,07% Medio Campidano 9.097 8.407 454 509 -55 -0,60% Nuoro 17.557 15.974 949 1.248 -299 -1,67% Ogliastra 5.277 4.757 292 400 -108 -2,00% Oristano 15.852 14.261 747 850 -103 -0,64% Sardinia 167.755 144.401 9.519 9.601 -82 -0,05%

Operating Enterprises in 2013 Oristano 10% Ogliastra 3% Sassari 20%

Nuoro 11%

Olbia Tempio** Medio Campidano 13% 6%

Carbonia Iglesias 6%

Cagliari 31%

*Ex officio excluded **It includes the Municipalities of Budoni and San Teodoro

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 20 Economic Survey of North Sardinia 2014 2a. BUSINESS DYNAMICS IN THE PROVINCE OF SASSARI* YEARS 2000 - 2013

TREND OF REGISTERED AND OPERATING ENTERPRISES (absolute values) 60.000 55.186 55.541 55.480 55.752 53.588 54.189 54.833 54.614 55.000 51.643 52.505 49.187 50.277 50.000 46.797 47.799 46.183 45.000 46.358 46.293 46.460 46.473 45.275 46.195 43.767 44.650 40.000 43.059 42.105 39.460 40.123 41.270 35.000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Registered Operating

TREND OF STARTUPS, SHUTDOWNS AND BALANCE (absolute values) 4.500 3.883 3.864 3.685 4.000 3.696 3.515 3.561 3.501 3.356 3.149 3.337 3.311 3.500 3.053 3.116 3.104 3.000 2.774 2.935 2.996 2.500 3.007 2.869 2.973 3.070 2.501 2.537 2.000 2.320 2.485 2.184 2.324 2.153 1.500 857 646 1.000 1.376 1.348 615 1.346 169 500 965 1.013 1.076 855 80 342 315 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Startups Shutdowns Balance

*Former territorial division

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview PAGE 21 Economic Survey of North Sardinia 2014

2b. BUSINESS DYNAMICS IN THE PROVINCE OF SASSARI YEARS 2000 - 2013

START-UP, SHUTDOWN AND GROWTH RATES IN THE PROVINCE OF SASSARI - YEARS 2000 2013

9,00 8,00 7,73 7,24 7,40 6,88 7,13 6,96 7,21 6,49 7,00 6,50 6,68 5,57 5,65 6,00 5,59 5,93 5,37 5,00 5,61 5,29 5,42 5,62 5,03 5,28 4,77 4,97 5,05 4,83 4,00 4,85 4,28 4,84 3,00 2,88 2,68 2,00 2,56 1,13 2,11 2,16 2,19 0,62 1,00 1,66 1,6 1,19 0,15 0,30 0,57 0,00 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Startup rate Shutdown rate Growth rate

GROWTH RATE IN THE PROVINCE OF SASSARI*, SARDINIA, ITALY 3,50

3,00

2,50

2,00

1,50

1,00

0,50

0,00 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 -0,50

Sassari* Sardinia Italy

*Former territorial division

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview PAGE 22 Economic Survey of North Sardinia 2014

3. BUSINESS TRENDS - YEARS 2010-2013

YEAR 2010 YEAR 2011 YEAR 2012 YEAR 2013 Growth Growth Growth Growth Provinces Start-ups Shutdowns* Balance Start-ups Shutdowns* Balance Start-ups Shutdowns* Balance Start-ups Shutdowns* Balance rate rate rate rate Sassari 2.303 1.912 391 1,15% 1.888 1.751 137 0,40% 1.850 1.820 30 0,09% 2.012 1.866 146 0,42% Olbia- Tempio 1.494 1.229 265 1,19% 1.318 1.081 237 1,06% 1.359 1.200 159 0,70% 1.380 1.258 122 0,54% North Sardinia 3.797 3.141 656 1,17% 3.206 2.832 374 0,66% 3.209 3.020 189 0,33% 3.392 3.124 268 0,47% SARDINIA 11.110 8.996 2.114 1,24% 9.596 9.032 564 0,33% 9.203 9.142 61 0,04% 9.519 9.601 -82 -0,05% ITALY 410.736 338.207 72.529 1,19% 391.310 341.081 50.229 0,82% 383.883 364.972 18.911 0,31% 384.483 371.802 12.681 0,21% BUSINESS GROWTH RATE IN NORTH SARDINIA - YEARS 2001 - 2013

4,50 4,00 3,50 3,00 2,50 2,00 1,50 1,00 0,50 0,00 -0,50 -1,00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Sassari Olbia- Tempio

GROWTH RATE 2001- 2013

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Sassari 1,93 2,20 1,70 2,12 1,23 2,22 1,29 0,82 -0,13 1,15 0,40 0,09 0,42 Olbia- Tempio 2,53 4,12 3,06 3,77 2,41 3,14 2,28 1,69 0,53 1,19 1,06 0,70 0,54

*Ex officio excluded

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 23 Economic Survey of North Sardinia 2014

4. BUSINESS DYNAMICS BY ECONOMIC SECTOR - YEAR 2013

PROVINCE OF SASSARI PROVINCE OF OLBIA-TEMPIO Growth Growth Registered Operating Start-ups Shutdowns* Balance Registered Operating Start-ups Shutdowns* Balance rate rate Agriculture and fishing 6.563 6.422 269 338 -69 -1,04% 3.053 2.984 115 196 -81 -2,59% Mining and quarrying 40 21 0 2 -2 -4,88% 134 73 0 3 -3 -2,19% Manufacturing 2.484 2.006 50 111 -61 -2,41% 1.757 1.501 42 79 -37 -2,09% Electricity-Gas-Water 100 76 1 1 0 0,00% 46 31 1 0 1 2,27% Construction 5.119 4.305 165 318 -153 -2,93% 4.371 3.813 151 265 -114 -2,56% Trade 9.371 8.219 407 526 -119 -1,28% 5.040 4.435 265 284 -19 -0,38% Transportation 958 812 12 48 -36 -3,66% 818 711 10 41 -31 -3,71% Hotels and Restaurants 2.943 2.384 109 139 -30 -1,05% 2.546 2.023 70 120 -50 -2,01% Information and 622 542 16 34 -18 -2,88% 318 272 12 18 -6 -1,87% Communication Service activities 4.693 4.090 259 267 -8 -0,18% 3.227 2.786 214 188 26 0,84% Non-classified activities 1.629 10 724 82 642 40,07% 1.480 15 500 64 436 29,28% Totale 34.52234.522 28.887 2.012 1.866 146 0,42% 22.790 18.644 1.380 1.258 122 0,54% Registered businesses in North Sardinia NORD SARDEGNA 5% Growth 17% Registered Operating Start-ups Shutdowns* Balance 14% rate Agriculture and fishing 9.616 9.406 384 534 -150 -1,54% 0% Mining and quarrying 174 94 0 5 -5 -2,81% 2% 7% Manufacturing 4.241 3.507 92 190 -98 -2,28% 0% Electricity-Gas-Water 146 107 2 1 1 0,76% 10% Construction 9.490 8.118 316 583 -267 -2,76% Trade 14.411 12.654 672 810 -138 -0,97% 3% 17% Transportation 1.776 1.523 22 89 -67 -3,68% Hotels and Restaurants 5.489 4.407 179 259 -80 -1,50% 25% Information and 940 814 28 52 -24 -2,54% Communication Agriculture and fishing Mining and quarrying Service activities 7.920 6.876 473 455 18 0,24% Manufacturing Electricity-Gas-Water Non-classified activities 3.109 25 1.224 146 1.078 34,88% Construction Trade Total 57.312 47.531 3.392 3.124 268 0,47% Transportation Hotels and Restaurants Information and Communication Service activities *Ex officio excluded Non-classified activities

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 24 Economic Survey of North Sardinia 2014

5. BUSINESS DYNAMICS BY LEGAL STATUS - YEAR 2013

PROVINCE OF SASSARI Growth Registered enterprises Registered Operating Start-ups Shutdowns* Balance rate 4% Società di capitale 6.416 3.828 334 156 178 2,86% 19% Società di capitale Società di persone 5.929 4.056 171 230 -59 -0,98% Imprese individuali 20.801 20.226 1.359 1.452 -93 -0,44% Società di persone Other forms 1.376 777 148 28 120 9,52% 17% Imprese individuali Total 34.522 28.887 2.012 1.866 146 0,42% 60% Other forms

PROVINCE OF OLBIA-TEMPIO Registered enterprises Growth Registered Operating Start-ups Shutdowns* Balance 3% rate 24% Società di capitale 5.566 3.417 323 99 224 4,21% Società di capitale Società di persone 4.446 3.011 103 135 -32 -0,71% Società di persone Imprese individuali 12.154 11.883 838 1.005 -167 -1,35% Imprese individuali Other forms 624 333 116 19 97 18,23% 53% 20% Total 22.790 18.644 1.380 1.258 122 0,54% Other forms

NORTH SARDINIA Registered enterprises Growth Registered Operating Start-ups Shutdowns* Balance 3% rate 21% Società di capitale 11.982 7.245 657 255 402 3,48% Società di capitale Società di persone 10.375 7.067 274 365 -91 -0,87% Società di persone Imprese individuali 32.955 32.109 2.197 2.457 -260 -0,78% 18% Imprese individuali Other forms 2.000 1.110 264 47 217 12,11% 58% Other forms Total 57.312 47.531 3.392 3.124 268 0,47%

*Ex officio excluded

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 25 Economic Survey of North Sardinia 2014

6a. BUSINESS DYNAMICS BY MUNICIPALITY - YEAR 2013

PROVINCE OF SASSARI Shut- Growth Shut- Growth Registered Opera-ting Start-ups Balance Registered Opera-ting Start-ups Balance downs* rate downs* rate ALGHERO** 4.283 3.578 278 238 40 0,94% NUGHEDU DI S. N. 85 80 4 7 -3 -3,41% ANELA 54 53 1 4 -3 -5,26% NULE 197 192 8 10 -2 -1,01% ARDARA 111 102 4 8 -4 -3,45% NULVI 282 265 10 7 3 1,07% BANARI 58 52 1 2 -1 -1,69% OLMEDO 292 263 13 9 4 1,39% BENETUTTI 248 234 17 13 4 1,64% OSILO 331 320 15 21 -6 -1,78% BESSUDE 43 42 0 0 0 0,00% OSSI 355 314 28 25 3 0,84% BONNANARO 107 102 3 3 0 0,00% OZIERI 1.143 1.001 60 69 -9 -0,78% BONO 324 295 21 19 2 0,62% PADRIA 69 65 1 4 -3 -4,29% BONORVA 405 375 12 23 -11 -2,62% PATTADA 422 397 16 23 -7 -1,63% BORUTTA 32 29 0 0 0 0,00% PERFUGAS 319 287 19 22 -3 -0,92% BOTTIDDA 50 50 7 4 3 6,38% PLOAGHE 531 472 33 31 2 0,38% BULTEI 143 138 5 7 -2 -1,37% PORTO TORRES** 1.930 1.499 113 97 16 0,84% BULZI 68 61 2 4 -2 -2,86% POZZOMAGGIORE 343 313 13 14 -1 -0,29% BURGOS 117 111 8 8 0 0,00% PUTIFIGARI 48 46 2 4 -2 -4,00% CARGEGHE 69 58 4 3 1 1,47% ROMANA 33 30 0 3 -3 -8,33% CASTELSARDO** 620 523 39 33 6 0,98% S. MARIA COGHINAS 193 167 14 10 4 2,12% CHEREMULE 45 42 1 1 0 0,00% SASSARI** 14.208 11.070 888 749 139 0,99% CHIARAMONTI 246 232 7 9 -2 -0,81% SEDINI 145 132 5 7 -2 -1,34% CODRONGIANOS 134 118 5 3 2 1,53% SEMESTENE 17 16 0 0 0 0,00% COSSOINE 88 82 6 3 3 3,53% SENNORI 471 414 34 32 2 0,42% ERULA 103 99 2 2 0 0,00% SILIGO 96 95 6 7 -1 -1,03% ESPORLATU 31 30 3 0 3 10,00% SORSO** 894 773 49 63 -14 -1,54% FLORINAS 151 149 6 8 -2 -1,30% STINTINO** 282 251 13 11 2 0,71% GIAVE 88 80 5 3 2 2,35% TERGU 79 73 6 2 4 5,33% ILLORAI 65 63 5 7 -2 -2,94% THIESI 399 352 19 19 0 0,00% ITTIREDDU 76 74 6 4 2 2,70% TISSI 144 123 11 11 0 0,00% ITTIRI 898 827 46 72 -26 -2,81% TORRALBA 130 114 4 3 1 0,78% LAERRU 90 82 6 3 3 3,45% TULA 227 209 11 10 1 0,44% MARA 51 48 4 2 2 4,08% URI 207 183 11 15 -4 -1,89% MARTIS 71 66 5 7 -2 -2,78% USINI 316 283 19 28 -9 -2,79% MONTEL. R. DORIA 11 11 2 1 1 10,00% VALLEDORIA** 581 508 28 23 5 0,87% MORES 277 259 15 16 -1 -0,36% VIDDALBA 187 155 10 13 -3 -1,58% MUROS 109 76 5 1 4 3,85% VILLANOVA MONT.** 300 284 18 6 12 4,17% TOTAL 34.522 28.887 2.012 1.866 146 0,42%

*Ex officio excluded **Coastal Municipality

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 26 Economic Survey of North Sardinia 2014

6b. BUSINESS DYNAMICS BY MUNICIPALITY - YEAR 2013 Enterprises growth rates in the main Municipalities of North Sardinia - Year PROVINCE OF OLBIA-TEMPIO Shut- Growth Registered Operating Start-ups Balance downs* rate 2,37% AGGIUS 191 171 11 14 -3 -1,53% 1,15% AGLIENTU** 230 196 12 9 3 1,33% 1,06% ALA' DEI SARDI 307 283 12 19 -7 -2,22% ARZACHENA** 2.377 1.902 152 127 25 1,06% 0,99% BADESI** 279 241 9 13 -4 -1,42% 0,94% BERCHIDDA 409 379 15 26 -11 -2,61% 0,84% BORTIGIADAS 70 65 3 2 1 1,45% BUDDUSO' 616 573 27 28 -1 -0,16% 0,64% BUDONI** 759 659 37 68 -31 -3,94% -0,78% CALANGIANUS 548 466 30 34 -4 -0,73% GOLFO ARANCI** 335 255 8 15 -7 -2,05% LA MADDALENA** 1.102 880 73 66 7 0,64% -1,00% 0,00% 1,00% 2,00% 3,00% LOIRI PORTO SAN PAOLO** 444 381 26 31 -5 -1,12% OLBIA TEMPIO PAUSANIA ARZACHENA SASSARI LUOGOSANTO 243 223 9 4 5 2,09% LURAS 294 272 12 24 -12 -3,92% ALGHERO PORTO TORRES LA MADDALENA OZIERI MONTI 327 299 11 28 -17 -4,91% OLBIA** 8.876 6.880 624 419 205 2,37% OSCHIRI 326 301 13 18 -5 -1,51% Enterprises average growth rates in coastal and non-coastal PADRU 219 194 10 18 -8 -3,52% Municipalities of North Sardinia - Year 2013 PALAU** 723 577 44 41 3 0,42% SAN TEODORO** 801 689 44 60 -16 -1,96% SANTA TERESA GALLURA** 857 706 65 67 -2 -0,23% -0,65% SANT'ANTONIO DI GALLURA 205 190 13 12 1 0,49% 0,95% TELTI 202 182 6 16 -10 -4,74% North Sardinia TEMPIO PAUSANIA 1.658 1.325 88 69 19 1,15% -0,53% TRINITÀ D'AGULTU E VIGNOLA** 392 355 26 30 -4 -1,02% 0,90% TOTAL 22.790 18.644 1.380 1.258 122 0,54% Provincia of Sassari

TOTAL NORTH SARDINIA 57.312 47.531 3.392 3.124 268 0,47% -0,91% SARDINIA 167.755 144.401 9.519 9.601 -82 -0,05% 1,02% ITALY 6.061.960 5.186.124 384.483 371.802 12.681 0,21% Province of Olbia-Tempio -1,00% -0,50% 0,00% 0,50% 1,00% 1,50% *Ex officio excluded **Coastal Municipality non-coastal coastal

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 27 Economic Survey of North Sardinia 2014

7a. OPERATING ENTERPRISES BY MUNICIPALITY AND ECONOMIC SECTOR - YEAR 2013

PROVINCE OF SASSARI Electricity, Agriculture Mining Information Manu- gas and Constru Hotels and Non- Total Total Var. % forestry and and Trade Transports and Commu- Services facturing water ction restaurants classified 2013 2012 13/12 fishing quarrying nication production ALGHERO 641 2 257 6 461 981 115 441 72 602 0 3.578 3.554 0,68% ANELA 25 - 1 0 7 13 1 4 - 2 - 53 56 -5,36% ARDARA 54 - 11 0 12 13 4 5 0 3 0 102 106 -3,77% BANARI 22 - 5 0 12 4 4 3 - 2 0 52 55 -5,45% BENETUTTI 123 1 20 0 28 34 2 14 1 11 0 234 232 0,86% BESSUDE 26 - 1 1 3 6 - 1 1 3 0 42 42 0,00% BONNANARO 42 - 5 0 12 28 2 7 - 6 - 102 103 -0,97% BONO 115 - 26 0 30 73 4 22 2 23 0 295 293 0,68% BONORVA 183 0 30 0 43 68 6 22 3 20 0 375 392 -4,34% BORUTTA 11 - 1 0 6 6 1 - - 4 0 29 29 0,00% BOTTIDDA 24 - 4 0 7 9 - 4 1 0 1 50 47 6,38% BULTEI 86 - 7 0 11 22 1 7 1 3 - 138 141 -2,13% BULZI 40 - 4 0 4 6 2 3 - 2 0 61 63 -3,17% BURGOS 65 - 4 0 10 14 1 12 - 5 0 111 111 0,00% CARGEGHE 15 - 7 0 2 25 2 3 1 3 0 58 57 1,75% CASTELSARDO 49 - 31 0 130 150 9 86 3 65 0 523 529 -1,13% CHEREMULE 16 - 5 1 7 7 3 1 - 2 - 42 42 0,00% CHIARAMONTI 135 - 11 1 22 39 5 8 1 10 0 232 231 0,43% CODRONGIANOS 20 - 16 0 21 39 1 11 1 9 0 118 115 2,61% COSSOINE 31 - 4 0 6 26 5 4 - 6 0 82 79 3,80% ERULA 67 - 7 0 7 10 1 5 - 2 0 99 98 1,02% ESPORLATU 16 - 2 0 4 4 - 1 - 3 0 30 30 0,00% FLORINAS 46 2 11 0 28 45 4 7 - 6 0 149 151 -1,32% GIAVE 49 0 4 0 6 13 2 4 - 2 0 80 76 5,26% ILLORAI 36 - 4 0 4 14 1 4 - 0 - 63 66 -4,55% ITTIREDDU 55 1 2 0 4 7 2 3 - 0 0 74 70 5,71% ITTIRI 311 1 56 3 170 179 22 36 3 46 0 827 851 -2,82% LAERRU 36 - 4 0 12 17 3 5 - 5 0 82 79 3,80% MARA 23 - 3 0 9 6 5 1 - 1 0 48 45 6,67% MARTIS 36 - 2 0 6 11 2 6 - 3 0 66 67 -1,49% MONTELEONE R.D. 9 - - 0 0 - - 2 - 0 - 11 10 10,00% MORES 126 - 10 0 25 64 4 20 - 10 0 259 261 -0,77% MUROS 7 - 19 1 11 23 3 4 - 8 0 76 73 4,11%

PAGE 28 Economic Survey of North Sardinia 2014

Electricity, Agricolture Mining Information Manu- gas and Constru Hotels and Non- Total Total Var. % forestry and and Trade Transports and Commu- Services facturing water ction restaurants classified 2013 2012 13/12 fishing quarrying nication production NUGHEDU DI S.N. 47 - 4 0 10 7 5 4 - 3 - 80 83 -3,61% NULE 115 - 19 0 17 18 4 8 2 9 0 192 191 0,52% NULVI 120 - 14 0 52 51 2 14 1 11 0 265 260 1,92% OLMEDO 66 - 11 0 66 57 7 19 2 34 1 263 258 1,94% OSILO 165 - 21 1 45 51 4 11 - 22 0 320 324 -1,23% OSSI 46 1 14 0 61 114 11 28 3 35 1 314 311 0,96% OZIERI 267 1 75 4 171 268 20 75 15 105 0 1.001 1.014 -1,28% PADRIA 24 - 5 0 10 14 1 8 - 3 0 65 66 -1,52% PATTADA 216 - 35 1 48 48 6 19 1 23 0 397 402 -1,24% PERFUGAS 120 1 17 0 42 60 2 22 2 21 0 287 290 -1,03% PLOAGHE 165 - 23 4 53 145 7 30 4 39 2 472 476 -0,84% PORTO TORRES 204 1 145 11 229 401 72 135 33 268 0 1.499 1.509 -0,66% POZZOMAGGIORE 127 - 23 2 41 68 6 19 5 22 0 313 316 -0,95% PUTIFIGARI 21 - 4 1 7 7 1 4 - 1 0 46 49 -6,12% ROMANA 16 - 2 0 1 6 2 3 - 0 - 30 33 -9,09% S.MARIA COGHINAS 59 0 5 0 24 45 1 15 - 18 0 167 162 3,09% SASSARI 931 6 772 30 1.594 3.960 342 842 348 2.241 4 11.070 11.037 0,30% SEDINI 66 - 7 0 18 21 1 6 1 12 0 132 137 -3,65% SEMESTENE 11 - - 0 1 2 - 1 - 1 0 16 16 0,00% SENNORI 70 - 35 4 64 148 6 49 4 34 0 414 420 -1,43% SILIGO 37 - 3 1 19 22 1 8 - 4 - 95 96 -1,04% SORSO 131 - 38 0 182 210 25 92 8 87 0 773 788 -1,90% STINTINO 58 - 10 0 39 52 13 44 - 35 0 251 251 0,00% TERGU 33 - 6 1 11 14 1 3 - 4 0 73 69 5,80% THIESI 119 - 32 0 43 100 17 16 1 23 1 352 350 0,57% TISSI 17 - 10 1 24 33 4 12 2 20 0 123 127 -3,15% TORRALBA 51 1 6 1 21 16 6 6 - 6 0 114 113 0,88% TULA 84 - 26 0 37 35 5 12 2 8 0 209 214 -2,34% URI 66 - 7 0 31 36 2 21 1 19 0 183 193 -5,18% USINI 88 2 18 0 54 72 4 21 3 21 0 283 290 -2,41% VALLEDORIA 88 0 26 1 107 129 10 65 11 71 0 508 508 0,00% VIDDALBA 48 1 14 0 40 25 5 9 1 12 0 155 161 -3,73% VILLANOVA M. 206 - 5 0 23 28 2 7 2 11 0 284 274 3,65% TOTAL 6.422 21 2.006 76 4.305 8.219 812 2.384 542 4.090 10 28.887 28.942 -0,19%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 29 Economic Survey of North Sardinia 2014

7b. OPERATING ENTERPRISES BT MUNICIPALITY AND ECONOMIC SECTOR - YEAR 2013

PROVINCE OF OLBIA-TEMPIO Agricul- Electricity, Hotels ture Mining Information Manu- gas and Construc Trans- and Non- Total Total Var. % forestry and Trade and Commu- Services facturing water tion ports restau- classified 2013 2012 13/12 and quarrying nication production rants fishing AGGIUS 67 1 21 0 28 32 2 6 3 11 0 171 180 -5,00% AGLIENTU 86 - 10 1 35 21 3 28 1 10 1 196 190 3,16% ALA' DEI SARDI 143 3 18 0 69 34 1 11 - 4 0 283 290 -2,41% ARZACHENA 224 9 129 4 439 344 98 237 23 395 0 1.902 1.896 0,32% BADESI 51 - 11 1 57 50 10 31 - 30 0 241 245 -1,63% BERCHIDDA 176 - 37 0 42 68 10 19 2 25 0 379 388 -2,32% BORTIGIADAS 38 - 6 0 5 6 2 5 - 3 - 65 65 0,00% BUDDUSO' 180 12 54 0 51 179 37 28 2 30 0 573 579 -1,04% BUDONI 88 1 45 1 182 122 31 114 7 68 0 659 688 -4,22% CALANGIANUS 71 7 114 1 56 119 21 30 9 37 1 466 470 -0,85% GOLFO ARANCI 26 - 17 0 44 53 8 65 1 41 0 255 261 -2,30% LA MADDALENA 22 0 58 1 183 237 56 134 13 175 1 880 885 -0,56% LOIRI PORTO S.PAOLO 82 0 23 1 96 68 13 54 1 43 0 381 384 -0,78% LUOGOSANTO 102 0 9 0 43 35 3 11 - 20 0 223 219 1,83% LURAS 105 2 19 0 73 42 5 9 2 15 0 272 287 -5,23% MONTI 160 1 13 1 34 53 7 15 1 14 0 299 319 -6,27% OLBIA 506 21 550 14 1.495 1.984 270 684 152 1.201 3 6.880 6.742 2,05% OSCHIRI 139 - 23 0 25 60 3 28 2 20 1 301 309 -2,59% PADRU 70 - 12 0 49 24 4 21 - 14 0 194 204 -4,90% PALAU 52 - 37 1 130 108 29 97 8 114 1 577 580 -0,52% SAN TEODORO 59 0 40 2 156 159 19 123 7 123 1 689 708 -2,68% S. TERESA GALLURA 102 2 53 0 140 145 35 99 8 122 0 706 703 0,43% S. ANTONIO DI GALLURA 68 1 15 1 53 22 2 12 1 14 1 190 185 2,70% TELTI 58 1 23 0 28 39 4 10 - 19 0 182 193 -5,70% TEMPIO PAUSANIA 217 12 146 2 220 368 31 109 27 189 4 1.325 1.327 -0,15% TRINITÀ E VIGNOLA 92 - 18 0 80 63 7 43 2 49 1 355 352 0,85% TOTAL OLBIA-TEMPIO 2.984 73 1.501 31 3.813 4.435 711 2.023 272 2.786 15 18.644 18.649 -0,03%

TOTAL NORTH SARDINIA 9.406 94 3.507 107 8.118 12.654 1.523 4.407 814 6.876 25 47.531 47.591 -0,13%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 30 Economic Survey of North Sardinia 2014

8. COOPERATIVE ENTERPRISES BY LEGAL STATUS AND ECONOMIC SECTOR - YEAR 2013

LEGAL STATUS PROVINCE OF SASSARI PROVINCE OF OLBIA TEMPIO NORTH SARDINIA LEGAL STATUS Registered Operating Start-ups Shutdowns Registered Operating Start-ups Shutdowns Registered Operating Start-ups Shutdowns COOPERATIVA SOCIALE 85 62 0 0 16 11 0 1 101 73 0 1 PICCOLA SOCIETA' COOPERATIVA 5 0 0 0 3 0 0 0 8 0 0 0 PICCOLA SOCIETA' COOP.ARL 52 1 0 0 14 0 0 1 66 1 0 1 SOCIETA' CONSORTILE COOP. ARL 6 1 0 0 1 1 0 1 7 2 0 1 SOCIETA' COOPERATIVA 557 369 47 15 264 151 28 8 821 520 75 23 SOCIETA' COOPERATIVA A RESP. ILLIM. 1 0 0 0 1 0 0 0 2 0 0 0 SOCIETA' COOPERATIVA A RESP. LIM. 291 70 0 3 99 17 0 4 390 87 0 7 SOCIETA' COOPERATIVA CONSORTILE 7 7 0 0 6 3 0 0 13 10 0 0 TOTAL 1.004 510 47 18 404 183 28 15 1.408 693 75 33

ECONOMIC SECTOR

Infomation and Mining and Manufac- Elec-tricity, gas Hotels and Agricul-ture Construc-tion Trade Trans-ports Commu- Services NC TOTAL OPERATING ENTERPRISES quarrying turing and water restu-rants nication

PROVINCE OF SASSARI 48 - 46 2 68 40 22 45 20 219 0 510 PROVINCE OF OLBIA-TEMPIO 24 0 13 0 26 9 21 13 9 67 1 183 NORTH SARDINIA 72 0 59 2 94 49 43 58 29 286 1 693 SARDINIA 420 1 198 13 361 171 150 178 95 1.149 2 2.738 % ENTERPRISES OF NORTH SARDINIA OVER TOTAL ENTERPRISES OF 17% 0% 29,80% 15,38% 26,04% 28,65% 28,67% 32,58% 30,53% 24,89% 50,00% 25,31% SARDINIA

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 31 Economic Survey of North Sardinia 2014

9. OPERATING WOMEN'S ENTERPRISES IN NORTH SARDINIA* BY LEGAL STATUS AND ECONOMIC SECTOR - YEAR 2013

Società di Società di Imprese Cooperative Consorzi Other forms Total capitale persone individuali Agriculture, forestry and fishing 19 145 2.024 12 0 1 2.201 Mining and quarrying 8 0 0 0 0 0 8 Manufacturing 100 147 410 7 1 0 665 Electricity, water and gas 6 7 4 1 0 0 18 Construction 267 179 275 12 2 0 735 Trade 313 589 2.680 15 0 1 3.598 Transports 42 43 80 4 1 1 171 Hotels and restaurants 156 421 699 29 0 0 1.305 Information and communication 59 34 112 14 0 2 221 Services 306 298 1.559 155 1 19 2.338 Non-classified activities 0 1 4 0 0 0 5 Total 1.276 1.864 7.847 249 5 24 11.265

*Former territorial division

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 32 Economic Survey of North Sardinia 2014

10. OPERATING YOUTH ENTERPRISES BY LEGAL STATUS AND ECONOMIC SECTOR - YEAR 2013

PROVINCE OF SASSARI SOCIETÀ DI CAPITALE SOCIETÀ DI PERSONE IMPRESE INDIVIDUALI COOPERATIVE CONSORZI OTHER FORMS TOTAL

Agriculture and fishing 3 29 600 2 0 0 634 Mining and quarrying 0 0 0 0 0 0 0 Manufacturing 18 17 103 0 0 0 138 Electricty, water and gas production 2 1 3 0 0 0 6 Construction 79 21 361 13 0 0 474 Trade 57 54 810 2 0 1 924 Transports 8 7 38 2 0 0 55 Hotels and restaurants 43 77 216 6 0 0 342 Information and communication 15 3 37 4 0 1 60 Services 45 36 359 21 0 3 464 Non-classified 0 0 2 0 0 0 2 Total 270 245 2.529 50 0 5 3.099

PROVINCE OF OLBIA TEMPIO SOCIETÀ DI CAPITALE SOCIETÀ DI PERSONE IMPRESE INDIVIDUALI COOPERATIVE CONSORZI OTHER FORMS TOTAL

Agriculture and fishing 4 10 268 3 0 0 285 Mining and quarrying 2 0 0 0 0 0 2 Manufacturing 36 19 93 1 0 0 149 Electricty, water and gas production 0 0 2 0 0 0 2 Construction 73 22 392 5 0 0 492 Trade 57 42 469 1 0 0 569 Transports 7 5 30 2 0 0 44 Hotels and restaurants 34 59 102 1 0 0 196 Information and communication 9 4 18 1 0 0 32 Services 55 20 245 8 0 0 328 Non-classified 0 0 0 1 0 0 1 Total 277 181 1.619 23 0 0 2.100

NORTH SARDINIA SOCIETÀ DI CAPITALE SOCIETÀ DI PERSONE IMPRESE INDIVIDUALI COOPERATIVE CONSORZI OTHER FORMS TOTAL

Agriculture and fishing 7 39 868 5 0 0 919 Mining and quarrying 2 0 0 0 0 0 2 Manufacturing 54 36 196 1 0 0 287 Electricty, water and gas production 2 1 5 0 0 0 8 Construction 152 43 753 18 0 0 966 Trade 114 96 1.279 3 0 1 1.493 Transports 15 12 68 4 0 0 99 Hotels and restaurants 77 136 318 7 0 0 538 Information and communication 24 7 55 5 0 1 92 Services 100 56 604 29 0 3 792 Non-classified 0 0 2 1 0 0 3 Total 547 426 4.148 73 0 5 5.199 Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview PAGE 33 Economic Survey of North Sardinia 2014

11. ENTERPRISES REGISTERED AS INNOVATIVE START-UP BY SECTOR - YEAR 2013

Territory Agriculture/fishing Industry/handicraft Trade Tourism Services Non classified Total Sassari 0 0 0 1 6 0 7 Olbia Tempio 0 0 0 0 0 0 0 Nuoro 0 0 0 0 1 0 1 Cagliari 0 3 0 1 19 0 23 Carbonia Iglesias 0 1 0 0 0 0 1 Oristano 0 0 0 0 2 0 2 Medio Campidano 0 1 0 0 0 0 1 SARDINIA 0 5 0 2 28 0 35 ITALY 2 244 46 5 1052 1 1350 Registered start-up in 2013 Oristano Medio Campidano 6% 3% Carbonia Iglesias Sassari 3% 20%

Nuoro 3%

Cagliari 65%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere

PAGE 34 Economic Survey of North Sardinia 2014

12. FOREIGN ENTREPREUNERS BY ECONOMIC SECTOR AND NATION - YEAR 2013

SERBIA & Other PROVINCE OF SASSARI ALBANIA BANGLADESH CHINA IRAN MOROC-CO NIGERIA PAKI-STAN SENEGAL SWITZER-LAND TUNISIA TOTAL MONTENEGRO Countries Agriculture, forestry and fishing 2 0 0 0 0 0 0 0 0 10 0 27 39 Manufacturing 2 1 2 1 0 0 0 2 12 9 1 20 50 Electricty gas and water 0 0 Construction 2 0 0 2 3 1 1 1 2 23 0 15 50 Trade 1 87 202 14 304 19 41 401 13 21 3 60 1.166 Transports 1 0 0 0 0 0 0 0 1 1 0 3 6 Hotel and restaurants 3 0 18 2 8 0 3 1 0 5 0 34 74 Information and communication 0 0 0 0 0 0 0 1 1 3 0 2 7 Services 0 0 14 0 4 0 0 2 1 21 1 32 75 Non-classified 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTAL 11 88 236 19 319 20 45 408 30 93 5 193 1.467 PROVINCE OF OLBIA TEMPIO Agriculture, forestry and fishing 0 0 0 0 2 1 1 0 0 13 0 12 29 Manufacturing 1 0 0 1 5 0 3 1 6 10 1 14 42 Electricty gas and water 0 0 0 0 0 0 0 0 0 1 0 1 2 Construction 20 0 1 0 24 1 1 1 1 21 9 2 81 Trade 0 61 64 3 170 10 210 218 6 20 11 46 819 Transports 0 0 0 0 2 0 0 0 1 1 1 63 68 Hotel and restaurants 3 4 6 0 8 0 6 1 3 10 3 9 53 Information and communication 0 0 0 0 3 0 3 1 0 2 0 43 52 Services 2 1 2 0 9 2 3 9 3 28 0 48 107 Non-classified 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTAL 26 66 73 4 223 14 227 231 20 106 25 238 1.253 NORTH SARDINIA Agriculture, forestry and fishing 2 0 0 0 2 1 1 0 0 23 0 39 68 Manufacturing 3 1 2 2 5 0 3 3 18 19 2 34 92 Electricty gas and water 0 0 0 0 0 0 0 0 0 1 0 1 2 Construction 22 0 1 2 27 2 2 2 3 44 9 17 131 Trade 1 148 266 17 474 29 251 619 19 41 14 106 1.985 Transports 1 0 0 0 2 0 0 0 2 2 1 66 74 Hotel and restaurants 6 4 24 2 16 0 9 2 3 15 3 43 127 Information and communication 0 0 0 0 3 0 3 2 1 5 0 45 59 Services 2 1 16 0 13 2 3 11 4 49 1 80 182 Non-classified 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTAL 37 154 309 23 542 34 272 639 50 199 30 431 2.720

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview PAGE 35 Economic Survey of North Sardinia 2014

BUSINESS DYNAMICS

In 2013 business dynamics has weakened (table 1): Italy still has registered a positive growth rate (+0,21%), whereas unfortunately Sardinia presents a -0,05%, owing to the negative balance of 82 units between start-ups and shutdowns. The only Sardinian provinces featuring a positive performance are Sassari (+0,42%), Olbia-Tempio (+0,54%) and Cagliari (+0,47%). Considering the number of registered enterprises, in North Sardinia trade is still the main sector (it counts for 27% in Sassari and for 22% in Olbia-Tempio). The importance of the primary sector in the province of Sassari is indicated by the number of registered enterprises operating in Agriculture, forestry and fishing (19%), compared to the percentage of Olbia-Tempio (13%). On the other hand, the eastern province is mainly characterised by the construction sector (19% in comparison to 15% in Sassari) and by accommodation and food service activities (11% compared to 8% in Sassari). With regard to legal form (table 5), both provinces show a positive growth rate of “Società di capitale” (+2,86% in Sassari and +4,21% in Olbia-Tempio), whereas both “Società di persone” and “Ditte individuali” have decreased, although the last ones still compose 60% of the registered enterprises in North Sardinia. Since “Società di capitale” have a separate legal personality (while “Società di persone” and “Ditte individuali” do not), their increase expresses the intention to modernise the entrepreneurial system. By analysing the growth rates of the main municipalities of North Sardinia (tables 6a and 6b), once again the province of Olbia-Tempio presents a better performance than Sassari. In particular, the municipality of Olbia has registered a growth rate above 2%, while Tempio and Arzachena have risen by 1,15% and 1,06%, respectively. Taking into consideration the most populated municipalities, the one and only negative growth rate of Ozieri reflects how hard is it to “do business” in Sardinian inland areas. This data is confirmed by the difference between the growth rates of coastal municipalities (positive in both provinces) and the growth rates of non-coastal municipalities (negative in all the north of Sardinia). Women’s enterprises operating in North Sardinia (table 9) are concentrated in trade (32%), services (21%) and agriculture and fishing (19%) sectors. Considering the operating youth enterprises (chart 10), the most relevant sectors are trade (29%), construction (19%), agriculture and fishing (18%) and service activities (15%). One of the last charts (table 11) is dedicated to innovative start-ups. According to the definition given by the Italian Ministry of Economic Development, in order to be considered as ‘innovative’, a start-up must have as its sole or core business “the development, production and marketing of innovative goods or services with high technological value”. In both Italy and Sardinia, most

PAGE 36 Economic Survey of North Sardinia 2014

innovative start-ups operate in service activities. In the Island, 65% of innovative start-ups are concentrated in the province of Cagliari, whereas 20% are located in Sassari’s area. This could be attributed to the presence of the Universities in the two cities – and, above all, of the Engineering Faculty in Cagliari – that support the development of research and innovation. The last chart (table 12) analyses the foreign entrepreneurs in North Sardinia: 73% of them operates in the trade sector.

GLOSSARY

Registered enterprise: enterprise registered in the Italian Business Register. The Italian Business Register is a public register which, as already provided for within the Civil Code, has been fully implemented since 1996, by the Law in relation to the reorganisation of the Chambers of Commerce and with the subsequent Implementing Regulation. The aforementioned Law established an Italian Business Register Office at each Chamber of Commerce. The Italian Business Register can be defined as the register of company details: in fact, it contains information (incorporation, amendments, cessation of trading) for all companies with any legal status and within any sector of economic activity, with headquarters or local branches within the country, as well as any other subjects as required by law. The Italian Business Register provides a complete picture of the legal position of each company and is a key archive for drawing up indicators of economic and business development in each area to which it belongs. Enterprises with many local branches are registered at the Chamber of Commerce where they set up their headquarter. Operating enterprise: enterprise carrying out activities. Start-up: a newly established business. Shutdown: enterprise that has stopped doing business or operating permanently. Società di capitale: they are characterised by: - Legal personality, autonomous from company owners’ personality; - Limited liability for company owners, i.e. each owner’s liability is limited to the cash or assets he/she has contributed to the company. Stockview distinguishes between eight different types of Società di capitale:

PAGE 37 Economic Survey of North Sardinia 2014

1°) Società in accomandita per azioni 2°) Società per azioni con unico socio 3°) Società a responsabilità limitata a capitale ridotto 4°) Società a responsabilità limitata semplificata 5°) Società per azioni 6°) Società a responsabilità limitata 7°) Società a responsabilità limitata con unico socio 8°) Società europea Società di persone: they have no separate legal personality. Therefore, they are characterised by unlimited joint and several liability of partners for company obligations. In Stockview, there are 7 main forms: 1°) Società in accomandita semplice 2°) Comunione ereditaria 3°) Società semplice 4°) Società di fatto 5°) Società irregolare 6°) Società in nome collettivo 7°) Società tra professionisti Impresa individuale: ownership and control of the business rests with a single individual. The individual is not separate from the business and has sole unlimited personal liability for the business, its debts and contractual obligations, and any claims against it. Stockview considers impresa individuale: 1°) Impresa individuale 2°) Impresa familiare Other legal forms: other types of legal forms different from:

PAGE 38 Economic Survey of North Sardinia 2014

 Ditta individuale  Società di persone  Società di capitale There are more than forty types of other legal forms. The most common are: 1°) società cooperative and società cooperative a responsabilità limitata (the most numerous) 2°) consorzio 3°) consorzio con attività esterna 4°) società consortile 5°) società consortile per azioni o a responsabilità limitata Women’s enterprises: enterprises in which at least 51% of the beneficial ownership interests and 51% of the voting interests are held by women. Youth enterprises: enterprises in which at least 51% of the beneficial ownership interests and 51% of the voting interests are held by people aged “under 36”. Innovative start-up: it is a limited company, also incorporated in the form of cooperative, under Italian law or a Societas Europaea, having as its sole or core business the development, production and marketing of innovative goods or services with high technological value. Business sector: it indicates the kind of activity carried out by the enterprise. A firm and its own local branches may undertake one or more types of activity. In Stockview, enterprises are classified taking into account the main activity of the business. Since January 2008 Istat has adopted the new ATECO 2007 classification of economic activities. This classification is the national version of the European nomenclature, Nace Rev. 2, published in the Official Journal of 20 December 2006 (Regulation (EC) no 1893/2006 of the European Parliament and of the Council of 20 December 2006). NACE is the acronym (derived from the French title “Nomenclature générale des Activités économiques dans les Communautés Européennes”, Statistical classification of economic activities in the European Communities) used to designate the various statistical classifications of economic activities developed since 1970 in the European Union. NACE provides the framework for collecting and presenting a large range of statistical data according to economic activity in the fields of economic statistics (e.g. production, employment, national accounts) and in other

PAGE 39 Economic Survey of North Sardinia 2014

statistical domains. Statistics produced on the basis of NACE are comparable at European and, in general, at world level. The use of NACE is mandatory within the European Statistical System. The classification structure is identical for the first four digits. The NACE Regulations allow Member States to use a national version derived from NACE for national purposes. Such national versions must, however, fit into the structural and hierarchical framework of NACE. Most of the Member States have developed national versions, usually by adding a 5th digit for national purposes. Italy has added two additional levels. All the charts of this study follow the ATECO 2007 classification and the following grouping: Sector Included Economic Activities Agriculture and fishing ‘A’ Agriculture, forestry and fishing Mining and quarrying 'B' Mining and quarrying Manufacturing 'C' Manufacturing Electricity-Gas-Water 'D' Electricity, gas, steam and air conditioning supply 'E' Water supply, sewerage, waste management and remediation activities Construction 'F' Construction Trade 'G' Wholesale and retail trade; repair of motor vehicles and motorcycles Transportation 'H' Transportation and storage Hotels and restaurants 'I' Accommodation and food service activities Information and Communication 'J' Information and Communication Services 'K' Financial and insurance activities 'L' Real estate activities 'M' Professional, scientific and technical activities 'N' Administrative and support service activities 'O' Public administration and defence; compulsory social security 'P' Education 'Q' Human health and social work activities 'R' Arts, entertainment and recreation 'S' Other service activities 'T' Activities of households as employers; undifferentiated goods-and services-producing activities of households for own use 'U' Activities of extraterritorial organisations and bodies Non-classified activities Without ATECO code

PAGE 40 Economic Survey of North Sardinia 2014

Economic Survey of North Sardinia 2014

CHAPTER 4 OSSEORIO ECONOMICO DEL NORD SARDEGNA HANDICRAFT

PAGE 41 Economic Survey of North Sardinia 2014

1. HANDICRAFT BUSINESS DYNAMICS IN SARDINIA BY PROVINCE* - YEAR 2013

GROWTH RATE 2013

Growth rate Growth Growth Growth rate Province* Start-ups Shutdowns** Balance 2013 rate 2012 rate 2011 2010 -1,94% ITALY

-2,95% Cagliari Sassari 694 1.119 -425 -3,00% -2,71 -1,74% -2,49% Nuoro 308 599 -291 -3,97% -2,95% -2,12% -1,58% -3,00% Sassari Cagliari 659 1.106 -447 -2,95% -2,24% -2,06% -2,22% -3,22% SARDINIA Oristano 139 269 -130 -3,75% -2,23% -1,61% -0,66%

SARDINIA 1.800 3.093 -1.293 -3,22% -2,54% -1,92% -2,07% -3,75% Oristano ITALY 92.853 120.746 -27.893 -1,94% -1,39% -0,43% -0,34% -3,97% Nuoro

*Former territorial division -5,00% -4,00% -3,00% -2,00% -1,00% 0,00%

TREND OF HANDICRAFT ENTERPRISES - YEARS 2013 AND 2012 YEAR 2013 YEAR 2012 Growth Registered Operating Start-ups Shutdowns** Balance Registered Operating Start-ups Shutdowns** Balance Growth rate rate Province of Sassari 8.124 7.994 398 664 - 266 -3,17% 8.394 8.269 414 697 - 283 -3,26%

Province of Olbia-Tempio 6.069 5.991 311 501 - 190 -3,04% 6.257 6.190 341 467 - 126 -1,97%

North Sardinia 14.193 13.985 709 1.165 - 456 -3,11% 14.651 14.459 755 1.164 - 409 -2,71%

SARDINIA 38.803 38.430 1.800 3.093 1.293 3,22% 40.098 39.761 2.012 3.057 - 1.045 -2,54%

ITALY 1.407.768 1.396.051 92.853 120.746 - 27.893 -1,94% 1.438.601 1.426.995 100.317 120.636 - 20.319 -1,39%

**Ex officio excluded

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 42 Economic Survey of North Sardinia 2014

2. HANDICRAFT DYNAMICS IN NORTH SARDINIA - YEARS 2005-2013

Number of enterprises

2.000

1.750

1.473 1.500 1.545 1.271 1.248 1.249 1.250 1.067 1.091 1.089 1.164 1.000 1.185 1.119 1.032 1.076 755 914 694 750 884 839

500 334 360 239 250 173

0 -183 -250 -250 -382 -409 -425

-500 2005 2006 2007 2008 2009 2010 2011 2012 2013

Start-ups Shutdowns Balance

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 43 Economic Survey of North Sardinia 2014

3. OPERATING HANDICRAFT ENTERPRISES BY MUNICIPALITY - YEARS 2013-2012

PROVINCE OF SASSARI PROVINCE OF OLBIA-TEMPIO 2013 2012 Var. % 2013 2012 Var.% 2013 2012 Var. % nc 10 9 11,1% NUGHEDU DI S. NICOLÒ 17 20 -15,0% AGGIUS 52 56 -7,1% ALGHERO 1.033 1.054 -2,0% NULE 50 50 0,0% AGLIENTU 46 44 4,5% ANELA 11 12 -8,3% NULVI 65 68 -4,4% ALÀ DEI SARDI 91 99 -8,1% ARDARA 24 27 -11,1% OLMEDO 88 88 0,0% ARZACHENA 671 691 -2,9% BANARI 18 19 -5,3% OSILO 86 86 0,0% BADESI 71 73 -2,7% BENETUTTI 62 65 -4,6% OSSI 109 110 -0,9% BERCHIDDA 107 113 -5,3% BESSUDE 6 6 0,0% OZIERI 314 327 -4,0% BORTIGIADAS 11 11 0,0% BONNANARO 17 19 -10,5% PADRIA 23 26 -11,5% BUDDUSÒ 149 155 -3,9% BONO 79 84 -6,0% PATTADA 94 99 -5,1% BUDONI 239 257 -7,0% BONORVA 95 98 -3,1% PERFUGAS 75 82 -8,5% CALANGIANUS 181 187 -3,2% BORUTTA 8 8 0,0% PLOAGHE 112 119 -5,9% GOLFO ARANCI 78 80 -2,5% BOTTIDDA 11 12 -8,3% PORTO TORRES 439 460 -4,6% LA MADDALENA 305 318 -4,1% BULTEI 21 22 -4,5% POZZOMAGGIORE 88 87 1,1% LOIRI PORTO S. PAOLO 117 118 -0,8% BULZI 12 12 0,0% PUTIFIGARI 13 14 -7,1% LUOGOSANTO 66 66 0,0% BURGOS 18 18 0,0% ROMANA 5 5 0,0% LURAS 99 101 -2,0% CARGEGHE 8 9 -11,1% S. MARIA COGHINAS 42 40 5,0% MONTI 55 60 -8,3% CASTELSARDO 184 195 -5,6% SASSARI 2.999 3.078 -2,6% OLBIA 2.158 2.220 -2,8% CHEREMULE 15 16 -6,3% SEDINI 35 35 0,0% OSCHIRI 67 68 -1,5% CHIARAMONTI 43 43 0,0% SEMESTENE 1 1 0,0% PADRU 67 74 -9,5% CODRONGIANOS 36 36 0,0% SENNORI 128 136 -5,9% PALAU 195 199 -2,0% COSSOINE 22 22 0,0% SILIGO 29 30 -3,3% SAN TEODORO 220 235 -6,4% ERULA 18 19 -5,3% SORSO 276 293 -5,8% S. TERESA GALLURA 252 252 0,0% ESPORLATU 6 6 0,0% STINTINO 66 69 -4,3% S. ANTONIO DI GALLURA 80 79 1,3% FLORINAS 50 48 4,2% TERGU 16 18 -11,1% TELTI 61 64 -4,7% GIAVE 12 13 -7,7% THIESI 92 92 0,0% TEMPIO PAUSANIA 446 458 -2,6% ILLORAI 10 11 -9,1% TISSI 45 44 2,3% TRINITÀ D'AG. E VIGNOLA 107 112 -4,5% ITTIREDDU 8 6 33,3% TORRALBA 31 30 3,3% TOTAL 5.991 6.190 -3,2% ITTIRI 259 280 -7,5% TULA 78 81 -3,7% LAERRU 23 22 4,5% URI 55 61 -9,8% TOT. NORTH SARDINIA 13.985 14.459 -3,3% MARA 17 16 6,3% USINI 85 93 -8,6% MARTIS 12 12 0,0% VALLEDORIA 136 147 -7,5% TOTAL SARDINIA 38.430 39.761 -3,3% MONTELEONE R.D. 0 1 -100,0% VIDDALBA 56 60 -6,7% MORES 37 40 -7,5% VILLANOVA MONTEL. 35 35 0,0% MUROS 26 25 4,0% TOTAL 7.994 8.269 -3,3%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview PAGE 44 Economic Survey of North Sardinia 2014

4. BUSINESS DYNAMICS BY LEGAL STATUS - YEARS 2013 - 2012 - 2011 - 2010

PROVINCE OF SASSARI 2013 2012 2011 2010 VAR % 2013/2010 OTHER FORMS CONSORZI SOCIETÀ DI 354 353 349 343 3,2% 0% 0% CAPITALE SOCIETÀ DI CAPITALE COOPERATI 4% 1.149 1.192 1.216 1.250 -8,1% VE SOCIETÀ DI SOCIETÀ DI PERSONE 1% PERSONE 14% IMPRESE INDIVIDUALI 6.431 6.661 6.923 7.097 -9,4% COOPERATIVE 50 53 52 61 -18,0% CONSORZI 8 8 8 7 14,3% OTHER FORMS 2 2 2 2 0,0% IMPRESE TOTAL 7.994 8.269 8.550 8.760 -8,7% INDIVIDUALI 81%

PROVINCE OF OLBIA-TEMPIO 2013 2012 2011 2010 VAR % 2013/2010 COOPERATI OTHER SOCIETÀ DI VE FORMS CAPITALE SOCIETÀ DI CAPITALE 317 304 306 292 8,6% 0% 0% 6% SOCIETÀ DI PERSONE 975 1.004 1.017 1.032 -5,5% CONSORZI SOCIETÀ DI 0% PERSONE IMPRESE INDIVIDUALI 4.678 4.860 4.969 5.008 -6,6% 16% COOPERATIVE 13 14 17 19 -31,6% IMPRESE CONSORZI 6 6 7 7 -14,3% INDIVIDUALI 78% OTHER FORMS 2 2 1 2 0,0% TOTAL 5.991 6.190 6.317 6.360 -5,8%

NORTH SARDINIA 2013 2012 2011 2010 VAR % 2013 2010 COOPERATI VE CONSORZI SOCIETÀ DI SOCIETÀ DI CAPITALE 671 657 655 635 5,7% 1% 0% OTHER CAPITALE FORMS 5% SOCIETÀ DI 2.124 2.196 2.233 2.282 -6,9% 0% PERSONE SOCIETÀ DI PERSONE 15% IMPRESE INDIVIDUALI 11.109 11.521 11.892 12.105 -8,2% COOPERATIVE 63 67 69 80 -21,3% IMPRESE CONSORZI 14 14 15 14 0,0% INDIVIDUALI 79% OTHER FORMS 4 4 3 4 0,0% TOTAL 13.985 14.459 14.867 15.120 -7,5%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 45 Economic Survey of North Sardinia 2014

5. REGISTERED HANDICRAFT ENTERPRISES BY ECONOMIC SECTOR- YEARS 2013- 2012

PROVINCE OF SASSARI PROVINCE OF OLBIA-TEMPIO NORTH SARDINIA

2013 2012 Var. % 2013 2012 Var. % 2013 2012 Var. %

Agriculture, forestry and fishing 62 65 -4,62% 72 73 -1,37% 134 138 -2,90% Mining and quarrying 8 9 -11,11% 20 23 -13,04% 28 32 -12,50% Manufacturing 1.602 1.659 -3,44% 1.196 1.229 -2,69% 2.798 2.888 -3,12%

Electricity, gas steam and air conditioning supply 19 16 18,75% 12 11 9,09% 31 27 14,81%

Construction 3.166 3.309 -4,32% 2.639 2.743 -3,79% 5.805 6.052 -4,08% Wholesale and retail trade 611 626 -2,40% 359 361 -0,55% 970 987 -1,72% Transportation and storage 577 603 -4,31% 465 496 -6,25% 1.042 1.099 -5,19% Accomodation and food service activities 454 458 -0,87% 340 344 -1,16% 794 802 -1,00% Information and communication 162 167 -2,99% 73 75 -2,67% 235 242 -2,89% Financial and insurance activities 3 3 0,00% 4 3 33,33% 7 6 16,67% Real estate activities 0 0 0,00% 1 1 0,00% 1 1 0,00%

Professional, scientific and technical activities 114 118 -3,39% 69 66 4,55% 183 184 -0,54%

Administrative and support service activities 306 301 1,66% 301 297 1,35% 607 598 1,51% Education 25 25 0,00% 10 12 -16,67% 35 37 -5,41% Human health and social work activities 14 14 0,00% 3 3 0,00% 17 17 0,00%

Arts, entertainment and recreation 38 38 0,00% 23 25 -8,00% 61 63 -3,17%

Other service activities 953 972 -1,95% 477 490 -2,65% 1.430 1.462 -2,19% Non-classified 10 11 -9,09% 5 5 0,00% 15 16 -6,25%

TOTAL 8.124 8.394 -3,22% 6.069 6.257 -3,00% 14.193 14.651 -3,13%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview PAGE 46 Economic Survey of North Sardinia 2014 6. HANDICRAFT VALUE ADDED AT CURRENT PRICES BY ECONOMIC SECTOR - YEAR 2011

(in millions of euro) Total industry excluding % impact on total value Construction Services Total construction added Sassari 153,5 194,3 426,9 774,7 13,5 Olbia-Tempio 144,2 162,5 261,3 568,0 15,9 North Sardinia 297,7 356,8 688,2 1.342,7 14,7 Cagliari 296,7 264,4 689,2 1.250,4 10,4 Nuoro 120,3 106,9 211,8 439,0 17,1 Oristano 80,5 69,1 174,5 324,1 13,9 Ogliastra 33,3 43,8 96,5 173,6 20,1 Medio Campidano 54,7 45,9 97,8 198,4 20,3 Carbonia-Iglesias 60,0 44,0 117,9 221,9 13,8 SARDINIA 943,2 931,0 2.076,0 3.950,1 13,3

NORTH-WEST 20.228,0 13.706,3 23.027,3 56.961,5 12,4 NORTH-EAST 18.784,3 10.861,5 18.998,2 48.644,0 14,9 CENTRE 11.228,0 8.401,2 14.592,8 34.222,0 11,2 SOUTH AND ISLANDS 9.729,4 8.765,5 17.991,8 36.486,7 11,3

ITALY 59.969,6 41.734,5 74.610,1 176.314,2 12,5

Province of Sassari Total industry Province of Olbia-Tempio excluding Total industry construction excluding construction 20% Services 25% 46%

Services Construction 55% Construction 25% 29%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Fondazione Istituto Guglielmo Tagliacarne PAGE 47 Economic Survey of North Sardinia 2014

HANDICRAFT

Unfortunately, the difficult economic situation that has hit especially the handicraft sector does not show any sign of recovery. Indeed, year after year a negative balance – which, by the way, continues to grow – between startups and shutdowns has been registered, both at regional and national level (chart 1). With a growth rate of -3,22%, Sardinia presents a worse situation than Italy (-1,94%), whereas the province of Sassari (- 3,00%) – former territorial division – shows a slightly better performance than the Region. Compared to 2009, in Italy more than 70.000 handicraft enterprises have closed, of which more than 4.000 in the Island and around 1.500 in North Sardinia. These figures are even more alarming when considering that, in the past decades, the development of the Italian manufacturing industry has been essentially correlated with the progress of the handicraft SME. Indeed, handicraft businesses still characterise the Italian entrepreneurial system, constituting almost a quarter of the total enterprises: precisely, 23,2% at national level, 23,1% in Sardinia and 24,8% in North Sardinia Although the number of handicraft enterprises that choose “società di capitali” as their legal form is growing, the craft sector in North Sardinia is mainly compound (around 80%, table 4) by “imprese individuali” (sole traders), also because handicraft enterprises are defined by the Italian Law as the ones in which the entrepreneur participates directly in the work of the business. Looking at chart 5, in North Sardinia the sectors worst affected by the crisis are manufacturing (-3,12%), construction (-4,08%) and transportation and storage (-5,19%), especially because of the problematic economic situation of the construction industry, determined by the reduction in public spending – which, by consequence, does not allow the realisation of “major public works” – and by the shrinking of available liquidity of private citizens, partly caused by the credit crunch, which has been underway for many years now. GLOSSARY Handicraft enterprises: according to the law 443/1985, they are the ones in which the entrepreneur participates directly in the production process of the business and assumes direct personal responsibility for enterprise management. As a result of this, only persons actually exercising the relevant profession and working for the company (and their family members) can own its shares, i.e. no other form of commercial enterprise is allowed to exercise a handicraft profession as an artisan.

PAGE 48 Economic Survey of North Sardinia 2014

Economic Survey of North Sardinia 2014

CHAPTER 5 AGRICULTURE

PAGE 49 Economic Survey of North Sardinia 2014

1a.OPERATING ENTERPRISES BY MUNICIPALITY - AGRICULTURE, FORESTRY AND FISHING - YEAR 2013 PROVINCE OF SASSARI

LIVESTOCK CROPS AND ANIMAL FARMING AND MIXED TOTAL TOTAL TOTAL TOTAL MUNICIPALITY CROPS* PRODUCTION RELATED FORESTRY FISHING ANIMAL FARMING 2013 2012 2011 2010 SERVICES ACTIVITIES PRODUCTION

ALGHERO 415 85 50 11 1 79 641 661 675 681 ANELA 2 12 10 0 1 - 25 26 25 26 ARDARA 4 45 4 1 - - 54 56 55 56 BANARI 1 15 5 1 0 - 22 23 23 25 BENETUTTI 14 80 27 0 2 - 123 120 121 130 BESSUDE 2 14 10 0 - - 26 26 26 25 BONNANARO 7 27 8 0 - - 42 40 44 46 BONO 17 47 50 1 - - 115 110 116 118 BONORVA 6 118 59 0 0 - 183 191 203 201 BORUTTA 1 10 - 0 - - 11 10 9 9 BOTTIDDA 3 17 4 0 - - 24 22 23 28 BULTEI 5 43 35 1 2 - 86 89 88 90 BULZI 8 19 13 0 - - 40 42 43 46 BURGOS 3 36 25 1 - - 65 67 67 71 CARGEGHE 3 4 8 0 - - 15 15 15 14 CASTELSARDO 16 16 10 0 - 7 49 52 55 57 CHEREMULE 6 6 3 0 1 - 16 16 17 17 CHIARAMONTI 13 66 56 0 - - 135 134 134 137 CODRONGIANOS 8 8 4 0 - - 20 20 24 19 COSSOINE 2 27 2 0 - - 31 29 30 29 ERULA 3 37 24 0 3 - 67 66 65 67 ESPORLATU 2 6 5 0 3 - 16 15 14 14 FLORINAS 14 20 12 0 - - 46 49 47 45 GIAVE 6 31 12 0 - - 49 44 45 46 ILLORAI 6 19 11 0 - - 36 38 41 42 ITTIREDDU 2 46 6 0 1 - 55 53 53 55 ITTIRI 141 107 60 2 1 - 311 315 322 332 LAERRU 10 13 13 0 - - 36 35 36 38 MARA 0 19 4 0 - - 23 22 22 23 MARTIS 7 16 13 0 - - 36 36 38 38 MONTELEONE R. DORIA 2 4 3 0 - - 9 7 7 7 MORES 18 84 24 0 - - 126 126 128 130 MUROS 1 4 1 0 - 1 7 6 5 5 NUGHEDU DI S. NICOLÒ 2 29 14 0 2 - 47 46 48 48 NULE 3 66 43 0 3 - 115 114 115 119

PAGE 50 Economic Survey of North Sardinia 2014

PROVINCE OF SASSARI

LIVESTOCK CROPS AND ANIMAL FARMING AND MIXED TOTAL TOTAL TOTAL TOTAL MUNICIPALITY CROPS* PRODUCTION RELATED FORESTRY FISHING ANIMAL FARMING 2013 2012 2011 2010 SERVICES ACTIVITIES PRODUCTION NULVI 22 62 36 0 - - 120 115 119 123 OLMEDO 27 31 5 2 - 1 66 67 68 67 OSILO 24 77 64 0 - - 165 166 168 173 OSSI 20 11 11 2 2 - 46 43 44 45 OZIERI 43 170 47 5 2 - 267 271 275 282 PADRIA 1 14 5 2 2 - 24 22 23 24 PATTADA 9 159 43 1 4 - 216 215 220 222 PERFUGAS 21 62 34 0 2 1 120 122 123 127 PLOAGHE 24 72 67 1 1 - 165 168 168 170 PORTO TORRES 75 45 35 1 2 46 204 210 208 209 POZZOMAGGIORE 10 106 10 1 - - 127 134 142 146 PUTIFIGARI 4 15 2 0 - - 21 22 24 22 ROMANA 0 7 9 0 - - 16 18 17 17 S. MARIA COGHINAS 34 10 13 1 - 1 59 60 62 60 SASSARI 402 294 176 40 13 6 931 946 961 971 SEDINI 12 30 24 0 - - 66 69 73 75 SEMESTENE 0 7 4 0 - - 11 11 14 14 SENNORI 51 12 4 3 - - 70 76 79 80 SILIGO 8 13 15 1 - - 37 37 37 38 SORSO 110 10 5 2 1 3 131 136 144 145 STINTINO 22 17 12 1 - 6 58 56 58 58 TERGU 6 17 10 0 - - 33 30 33 34 THIESI 13 69 36 1 - - 119 124 121 128 TISSI 14 2 - 1 - - 17 18 18 18 TORRALBA 10 30 10 1 - - 51 50 56 55 TULA 8 64 12 0 - - 84 83 83 83 URI 34 24 8 0 - - 66 69 73 80 USINI 76 8 2 1 1 - 88 88 91 97 VALLEDORIA 63 16 7 1 - 1 88 85 85 87 VIDDALBA 22 15 11 0 - - 48 50 54 52 VILLANOVA MONT. 13 138 55 0 - - 206 195 205 203 TOTAL 1.931 2.803 1.400 86 50 152 6.422 6.477 6.625 6.739

*Wine cooperatives included Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Stockview

PAGE 51 Economic Survey of North Sardinia 2014

1b.OPERATING ENTERPRISES BY MUNICIPALITY - AGRICULTURE, FORESTRY AND FISHING - YEAR 2013

PROVINCE OF OLBIA-TEMPIO CROPS AND LIVESTOCK ANIMAL FARMING AND MIXED TOTAL TOTAL TOTAL TOTAL MUNICIPALITY CROPS PRODUCTION FORESTRY FISHING ANIMAL FARMING 2013 2012 2011 2010 RELATED PRODUCTION SERVICES AGGIUS 19 44 4 0 - - 67 69 72 72 AGLIENTU 27 41 16 1 1 - 86 86 90 92 ALA' DEI SARDI 19 75 46 0 3 - 143 140 145 150 ARZACHENA 56 72 75 16 4 1 224 231 230 235 BADESI 23 11 15 0 2 - 51 53 55 58 BERCHIDDA 60 78 36 2 - - 176 180 187 182 BORTIGIADAS 15 15 6 0 2 - 38 36 39 37 BUDDUSO' 11 113 51 1 4 - 180 184 191 196 BUDONI 28 54 3 2 1 - 88 94 92 88 CALANGIANUS 22 29 8 4 8 - 71 71 76 77 GOLFO ARANCI 4 1 4 4 - 13 26 28 30 30 LA MADDALENA 2 1 1 1 - 17 22 23 24 23 LOIRI PORTO SAN PAOLO 30 23 25 1 1 2 82 86 87 88 LUOGOSANTO 46 35 19 1 1 - 102 101 100 104 LURAS 54 38 8 1 4 - 105 114 116 117 MONTI 101 29 28 1 1 - 160 177 184 181 OLBIA 163 167 114 13 4 45 506 517 526 528 OSCHIRI 20 89 30 0 0 - 139 141 145 152 PADRU 11 40 19 0 - - 70 70 71 70 PALAU 15 15 16 6 - - 52 52 54 57 SAN TEODORO 8 31 2 10 2 6 59 62 62 63 SANTA TERESA GALLURA 15 45 21 2 1 18 102 110 113 119 SANT'ANTONIO DI GALLURA 12 19 36 1 - - 68 66 68 72 TELTI 10 13 35 0 - - 58 62 63 67 TEMPIO PAUSANIA 58 112 28 7 12 - 217 216 218 222 TRINITA' D'AGULTU E VIGNOLA 32 37 19 0 1 3 92 92 91 94 TOTAL 861 1.227 665 74 52 105 2.984 3.061 3.129 3.174

TOT. NORTH SARDINIA 2.792 4.030 2.065 160 102 257 9.406 9.538 9.754 9.913 SARDINIA 13.735 15.099 3.655 326 308 599 33.722 34.482 35.103 35.926

* Wine cooperatives included

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview PAGE 52 Economic Survey of North Sardinia 2014

2. Cereal production by product - Year 2013 Values in quintals

Soft wheat Durum wheat Rye Barley Oat Rice Grain maize Sorghum Other cereals Sassari 0 69.730 0 31.010 3.100 0 0 0 0 Olbia-Tempio 0 2.600 0 6.500 12.300 0 0 0 0 Nuoro 0 37.050 0 36.010 1.610 0 0 0 0 Cagliari 0 317.000 0 62.100 6.700 0 0 0 0 Oristano 0 109.600 0 34.016 2.400 0 0 0 0 Ogliastra 0 9.066 0 2.700 5.500 0 0 0 0 Medio Campidano 0 175.100 0 22.100 5.872 0 0 0 0 Carbonia-Iglesias 0 29.200 0 7.500 13.830 0 0 0 0 SARDINIA 0 749.346 0 201.936 51.312 0 0 0 0

NORTH-WEST 7.780.618 423.584 8.099 595.000 5.810 0 31.277.003 366.761 393.783 NORTH-EAST 18.946.425 2.918.105 15.760 1.129.564 15.485 0 31.028.152 2.207.738 115.489 CENTRE 5.282.662 9.081.062 7.330 2.571.661 616.553 0 3.894.677 270.016 206.538 SOUTH AND ISLANDS 2.495.622 29.160.934 10.566 2.597.330 1.671.959 0 2.034.398 89.100 332.413

ITALY 34.505.327 41.583.685 41.755 6.893.555 2.309.807 0 68.234.230 2.933.615 1.048.223

Sassari Olbia-Tempio Durum wheat 12% Oat 3%

Barley 30% Barley Oat 30% 58% Durum wheat 67%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 53 Economic Survey of North Sardinia 2014

3. Grape and wine production by product - Years 2011 e 2012 Grape: values in quintals; wine: values in hectolitres

2011 2012 Var. % 2012/2011 Territory Table grapes Wine grapes Wine Table grapes Wine grapes Wine Table grapes Wine grapes Wine Sassari 30.611 127.460 66.037 30.552 185.851 74.918 -0,19% 45,81% 13,45% Olbia-Tempio 9.621 81.455 42.085 9.621 92.413 40.849 0,00% 13,45% -2,94% Nuoro 13.900 144.646 72.591 13.980 175.116 87.019 0,58% 21,07% 19,88% Cagliari 41.250 184.988 92.602 38.553 243.558 107.584 -6,54% 31,66% 16,18% Oristano 12.600 121.444 62.122 13.861 126.317 65.127 10,01% 4,01% 4,84% Ogliastra 9.554 77.650 46.327 9.556 77.867 34.803 0,02% 0,28% -24,88% Medio Campidano 5.585 50.365 26.732 5.585 61.635 27.630 0,00% 22,38% 3,36% Carbonia-Iglesias 6.223 155.001 77.556 6.223 166.890 65.530 0,00% 7,67% -15,51% SARDINIA 129.344 943.009 486.052 127.931 1.129.647 503.460 -1,09% 19,79% 3,58%

NORTH WEST 16.254 5.669.698 4.092.815 9.423 5.153.460 3.649.878 -42,03% -9,11% -10,82% NORTH-EAST 10.910 22.932.228 16.752.944 1.465 21.873.269 15.680.787 -86,57% -4,62% -6,40% CENTRE 228.180 7.443.317 5.061.269 191.705 8.277.152 5.016.574 -15,99% 11,20% -0,88% SOUTH AND ISLANDS 12.335.666 22.442.650 14.484.521 10.639.578 25.408.987 13.918.071 -13,75% 13,22% -3,91%

ITALY 12.591.010 58.487.893 40.391.549 10.842.171 60.712.868 38.265.310 -13,89% 3,80% -5,26%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 54 Economic Survey of North Sardinia 2014

4. AGRITOURISM FARMS BY TYPE OF ACTIVITY

YEAR 2012 YEAR 2011 Typical Typical Food Other Other Territory Accomodation products Total* Accomodation Food serving products Total* serving activities activities tasting tasting Sassari 122 118 0 17 154 113 113 0 35 153 Olbia-Tempio 125 122 0 15 167 116 112 0 34 166 Nuoro 120 132 0 24 156 111 130 0 44 152 Cagliari 86 103 0 15 125 72 95 0 22 117 Oristano 110 111 0 7 118 107 111 0 38 119 Ogliastra 17 25 0 3 31 18 25 0 5 32 Medio Campidano 33 35 0 2 40 36 39 0 5 44 Carbonia-Iglesias 42 37 0 2 43 42 38 0 8 45 SARDINIA 655 683 0 85 834 615 663 0 191 828 ITALY 16.906 10.144 3.449 11.982 20.474 16.759 10.033 3.876 11.785 20.413 Agritourism farms by Province - 2012 VAR. % 2012/2011 Carbonia-Iglesias Typical Medio Campidano Food Other 5% Sassari Territory Accomodation products Total* 5% serving activities 18% tasting Ogliastra 4% Sassari 7,96% 4,42% - -51,43% 0,65% Olbia-Tempio 7,76% 8,93% - -55,88% 0,60% Oristano Nuoro 8,11% 1,54% -45,45% 2,63% 14% Cagliari 19,44% 8,42% - -31,82% 6,84% Oristano 2,80% 0,00% - -81,58% -0,84% Olbia-Tempio Ogliastra -5,56% 0,00% - -40,00% -3,13% 20% Medio Campidano -8,33% -10,26% - -60,00% -9,09% Carbonia-Iglesias 0,00% -2,63% - -75,00% -4,44% Cagliari SARDINIA 6,50% 3,02% - -55,50% 0,72% 15% ITALY 0,88% 1,11% -11,02% 1,67% 0,30% Nuoro 19% *The total does not correspond to the sum of the activities because an agriculture farm can be licensed for one or more types of agritourism activities Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 55 Economic Survey of North Sardinia 2014

Economic Survey of North Sardinia 2014

CHAPTER 6 MANUFACTURING

PAGE 56 Economic Survey of North Sardinia 2014

1a. OPERATING ENTERPRISES IN MANUFACTURING, BY MUNICIPALITY - YEAR 2013

PROVINCE OF SASSARI Food Paper Textiles, apparel, Manufacture of Manufacture Furniture and products products Var. % leather and related Wood non-metallic of metal other Other TOTAL and and 13/12 products mineral products products manufacturing beverages printing ALGHERO 35 20 27 10 14 28 72 51 257 -4,5% ANELA 1 0 0 0 0 0 0 0 1 0,0% ARDARA 1 1 0 0 0 7 2 0 11 -8,3% BANARI 1 0 0 0 1 3 0 0 5 0,0% BENETUTTI 5 1 4 1 3 5 0 1 20 -9,1% BESSUDE 0 1 0 0 0 0 0 0 1 0,0% BONNANARO 2 2 1 0 0 0 0 0 5 0,0% BONO 9 1 3 0 6 4 2 1 26 -7,1% BONORVA 8 1 6 1 4 8 2 0 30 -3,2% BORUTTA 1 0 0 0 0 0 0 0 1 0,0% BOTTIDDA 3 0 1 0 0 0 0 0 4 0,0% BULTEI 1 0 1 0 2 3 0 0 7 0,0% BULZI 2 1 1 0 0 0 0 0 4 0,0% BURGOS 0 1 1 1 0 1 0 0 4 33,3% CARGEGHE 1 0 1 0 3 1 1 0 7 16,7% CASTELSARDO 3 2 9 1 7 4 3 2 31 -3,1% CHEREMULE 1 1 0 0 0 2 1 0 5 0,0% CHIARAMONTI 3 1 3 0 1 0 2 1 11 10,0% CODRONGIANOS 4 1 3 0 1 5 2 0 16 0,0% COSSOINE 2 0 1 0 0 1 0 0 4 -33,3% ERULA 3 1 1 0 0 2 0 0 7 0,0% ESPORLATU 2 0 0 0 0 0 0 0 2 0,0% FLORINAS 2 0 1 0 2 4 1 1 11 22,2% GIAVE 1 1 0 0 1 1 0 0 4 0,0% ILLORAI 1 0 2 0 0 1 0 0 4 0,0% ITTIREDDU 1 0 0 0 1 0 0 0 2 0,0% ITTIRI 15 5 10 0 11 12 1 2 56 -5,1% LAERRU 1 0 2 0 1 0 0 0 4 0,0% MARA 0 0 1 0 0 1 1 0 3 0,0% MARTIS 1 1 0 0 0 0 0 0 2 -33,3% MORES 2 1 1 0 3 1 2 0 10 -16,7% MUROS 5 0 0 2 4 2 6 0 19 0,0% NUGHEDU DI S. NICOLÒ 1 0 2 0 0 1 0 0 4 0,0% PAGE 57 Economic Survey of North Sardinia 2014

PROVINCE OF SASSARI Food Paper Textiles, apparel, Manufacture of Manufacture Furniture and products products Var. % leather and related Wood non-metallic of metal other Other TOTAL and and 13/12 products mineral products products manufacturing beverages printing NULE 8 6 1 0 0 3 1 0 19 0,0% NULVI 6 0 2 0 0 4 1 1 14 7,7% OLMEDO 1 0 1 0 3 4 2 0 11 0,0% OSILO 3 1 7 0 0 5 3 2 21 5,0% OSSI 3 2 2 1 1 2 1 2 14 0,0% OZIERI 23 3 4 6 11 14 8 6 75 1,4% PADRIA 2 0 1 0 0 2 0 0 5 -16,7% PATTADA 12 0 6 0 1 12 2 2 35 -7,9% PERFUGAS 6 0 1 3 2 1 2 2 17 -5,6% PLOAGHE 9 2 5 1 3 1 2 0 23 4,5% PORTO TORRES 11 4 15 3 25 40 38 9 145 -4,6% POZZOMAGGIORE 7 0 7 0 2 3 2 2 23 0,0% PUTIFIGARI 2 0 0 0 0 1 1 0 4 0,0% ROMANA 1 0 1 0 0 0 0 0 2 0,0% S. MARIA COGHINAS 0 0 2 0 3 0 0 0 5 0,0% SASSARI 72 68 70 54 69 131 186 122 772 -3,0% SEDINI 3 0 1 0 0 0 2 1 7 16,7% SENNORI 9 6 5 0 1 4 6 4 35 0,0% SILIGO 0 1 1 0 0 0 0 1 3 -25,0% SORSO 12 1 4 2 6 4 4 5 38 -11,6% STINTINO 2 1 1 0 0 0 6 0 10 0,0% TERGU 0 2 1 0 1 2 0 0 6 -14,3% THIESI 12 3 5 3 1 3 5 0 32 0,0% TISSI 5 0 1 1 1 1 1 0 10 0,0% TORRALBA 1 0 1 0 1 2 1 0 6 0,0% TULA 6 0 4 0 2 10 4 0 26 0,0% URI 4 0 2 0 0 1 0 0 7 0,0% USINI 6 0 2 0 2 3 5 0 18 -10,0% VALLEDORIA 3 0 4 0 3 7 7 2 26 -3,7% VIDDALBA 2 0 3 0 6 2 1 0 14 0,0% VILLANOVA MONTEL. 3 0 1 0 0 1 0 0 5 0,0% TOTAL 352 143 243 90 209 360 389 220 2.006 -3,0%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview PAGE 58 Economic Survey of North Sardinia 2014

1b. OPERATING ENTERPRISES IN MANUFACTURING, BY MUNICIPALITY - YEAR 2013

PROVINCE OF OLBIA-TEMPIO Food Textiles, Paper Manufacture of Manufacture Furniture and products apparel, leather products Var. % Wood non-metallic of metal other Other TOTAL and and related and 13/12 mineral products products manufacturing beverages products printing

AGGIUS 2 1 8 0 0 6 3 1 21 -4,5% AGLIENTU 2 0 2 0 3 0 1 2 10 11,1% ALA' DEI SARDI 4 0 7 0 6 1 0 0 18 0,0% ARZACHENA 10 11 21 2 25 17 38 5 129 -0,8% BADESI 2 0 5 0 1 2 0 1 11 10,0% BERCHIDDA 13 0 12 0 5 5 2 0 37 -2,6% BORTIGIADAS 2 0 0 1 0 2 1 0 6 0,0% BUDDUSO' 14 0 10 1 18 5 5 1 54 0,0% BUDONI 6 1 12 1 9 7 9 0 45 -2,2% CALANGIANUS 6 1 83 2 4 9 8 1 114 -1,7% GOLFO ARANCI 1 1 1 0 0 3 9 2 17 -5,6% LA MADDALENA 11 7 5 2 5 4 17 7 58 0,0% LOIRI PORTO SAN PAOLO 2 0 5 0 2 2 11 1 23 0,0% LUOGOSANTO 1 0 2 0 1 1 1 3 9 0,0% LURAS 4 0 6 0 3 4 0 2 19 -5,0% MONTI 4 0 2 0 1 2 4 0 13 0,0% OLBIA 48 49 80 15 58 70 185 45 550 -0,4% OSCHIRI 11 2 5 0 1 4 0 0 23 0,0% PADRU 3 1 1 1 3 0 0 3 12 -14,3% PALAU 4 0 4 1 2 2 23 1 37 -2,6% SAN TEODORO 4 0 6 0 4 6 8 12 40 -16,7% SANTA TERESA GALLURA 9 2 12 1 4 2 16 7 53 0,0% SANT'ANTONIO DI GALLURA 4 1 2 0 5 1 1 1 15 15,4% TELTI 1 0 5 0 3 6 6 2 23 0,0% TEMPIO PAUSANIA 19 3 50 4 23 21 18 8 146 -2,0% TRINITA' D'AGULTU E VIGNOLA 5 0 5 0 0 4 3 1 18 0,0% TOTAL 192 80 351 31 186 186 369 106 1.501 -1,3%

TOT. NORTH SARDINIA 544 223 594 121 395 546 758 326 3.507 -2,3% SARDINIA 2.001 681 1.549 450 1.326 1.969 1.841 988 10.805 -2,7%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview PAGE 59 Economic Survey of North Sardinia 2014

2. REAL ESTATE MARKET - YEAR 2012 BUYING AND SELLING OF REAL ESTATE UNITS FOR DWELLING USE Studio flat Small Medium-small Medium Large Nc Total Var% Var% Var% Var% Var% Var% NTN** IMI*** NTN** IMI*** NTN** IMI*** NTN** IMI*** NTN** Var% 12/11 IMI*** NTN** NTN** IMI*** 12/11 12/11 12/11 12/11 12/11 12/11 Sassari* 656 -24,7% 1,32 1.469 -25,8% 1,85 700 -27,4% 1,28 952 -19,8% 1,02 293 -14,1% 0,64 164 -46,2% 4.235 -25,0% 1,31 Nuoro* 85 -27,0% 0,39 454 -28,1% 1,18 262 -24,6% 0,96 318 -5,9% 0,66 169 22,3% 0,47 205 -26,3% 1.494 -19,3% 0,87 Cagliari* 246 -25,1% 1,06 1.253 -27,2% 1,89 905 -23,4% 1,40 1.541 -23,5% 1,06 619 -23,4% 0,65 218 -12,6% 4.782 -24,1% 1,22 Oristano* 49 -10,0% 0,77 176 -8,9% 1,43 134 -17,2% 1,11 224 -17,9% 0,76 142 5,6% 0,52 93 -15,2% 817 -11,7% 0,94 Sardinia 1.036 -24,4% 1,02 3.352 -25,9% 1,71 2.002 -24,6% 1,26 3.035 -20,4% 0,96 1.223 -14,0% 0,60 681 -27,8% 11.328 -23,1% 1,16 ITALY 42.415 -24,0% 1,19 113.538 -27,3% 1,69 86.438 -25,4% 1,39 131.502 -25,2% 1,17 44.553 -23,7% 0,83 25.571 -29,0% 444.018 -25,8% 1,34

BUYING AND SELLING OF REAL ESTATE UNITS FOR COMMERCIAL USE Offices Lending Institution Shops and shopping centres Hotels Barns and factories Warehouses Garages, car ports and car parks Var% Var% Var% Var% Var% Var% NTN** IMI*** NTN** IMI*** NTN** IMI*** NTN** IMI*** NTN** Var% 12/11 IMI*** NTN** IMI*** NTN** IMI*** 12/11 12/11 12/11 12/11 12/11 12/11 Sassari* 100 -5,3% 1,87 0 -100,0% 0,00 189 -27,1% 0,85 1 -77,9% 0,18 41 79,0% 0,74 758 -22,9% 1,36 2.076 -25,8% 1,92 Nuoro* 19 -47,4% 0,83 1 - 2,08 70 -14,9% 0,51 1 -61,1% 0,19 16 23,1% 0,51 210 -5,9% 1,11 352 -19,6% 1,40 Cagliari* 128 -25,5% 1,37 1 -80,0% 0,65 296 -21,0% 0,88 2 -71,4% 0,44 40 1,7% 0,69 628 -29,9% 1,49 1.692 -36,1% 2,43 Oristano* 16 -1,5% 1,17 0 - 0,00 42 -38,2% 0,59 0 - 0,00 17 61,9% 0,65 81 -6,9% 0,76 115 -17,5% 1,20 Sardinia 263 -20,3% 1,43 2 -66,7% 0,51 597 -23,8% 0,78 4 -71,8% 0,23 114 33,0% 0,67 1.677 -23,4% 1,31 4.235 -29,7% 2,00 ITALY 10.402 -26,1% 1,65 222 -42,0% 1,09 25.931 -24,6% 0,94 350 -28,9% 0,63 10.020 -19,7% 1,43 77.238 -20,4% 1,22 283.438 -25,4% 1,79

*Former territorial division ** NTN: Number of Normalised Transactions, weighted on the quota of property subjet to the transaction *** IMI: Real Estate Intensity Index, it is the ratio between the NTN and the stock of real estate units.

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Ministero dell'Economia e delle Finanze - Agenzia delle Entrate

PAGE 60 Economic Survey of North Sardinia 2014

3. CONSTRUCTION INDUSTRY TREND IN NORTH SARDINIA (SURVEY BY "CASSA EDILE")

-18,37 Wages -13,73

-20,65 Hours worked -14,37 2013-2012

-17,8 2012-2011 Workers -10,46

-13,39 Enterprises -7,96

0 -5 -10 -15 -20 -25

AGGREGATE DATA PROVIDED BY THE THREE "CASSE EDILI" OF NORTH SARDINIA (Cassa Edile - Edilcassa - Cassa Artigiana Edile)

Enterprises Workers

3700 18000 17000 3500 3.487 16000 16.673 3300 3.098 15000 3100 14000 2900 13.396 2.839 13000 2700 12000 2.613 11.757 2500 11000 10.527 2300 2.263 10000 9000 2100 8.653 8000 1900 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Consulta delle Costruzioni Provincia di Sassari (Elaborazione ANCE nord Sardegna)

PAGE 61 Economic Survey of North Sardinia 2014 Economic Survey of North Sardinia

CHAPTER 7 TRADE

PAGE 62 Economic Survey of North Sardinia 2014

1.TRADE - YEAR 2013

WHOLESALE TRADE * RETAIL TRADE * Total WHOLESALE AND RETAIL TRADE AND REPAIR OF Not in stores, Wholesale on a fee or In non-specialised In specialised Via stalls and MOTOR VEHICLES AND Other wholesale stalls or 2013 2012 2011 contract basis stores stores markets MOTORCYCLES markets

Province of Sassari 880 1.159 771 608 3.280 1.393 128 8.219 8.186 8.136

Municipality of Sassari 418 740 493 180 1.322 732 75 3.960 3.920 3.858

Province of Olbia-Tempio 486 390 416 337 1.763 986 57 4.435 4.363 4.324

Municipality of Olbia 231 195 234 81 610 594 39 1.984 1.882 1.843

Municipality of Tempio 57 45 35 28 162 39 2 368 369 372

Total North Sardinia 1.366 1.549 1.187 945 5.043 2.379 185 12.654 12.549 12.460

SARDINIA 4.212 5.326 3.842 3.302 15.698 6.829 626 39.835 40.318 40.280

* except motor vehicles and motorcycles

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 63 Economic Survey of North Sardinia 2014

2.a.OPERATING ENTERPRISES IN TRADE, BY MUNICIPALITY -YEAR 2013

PROVINCE OF SASSARI WHOLESALE TRADE * RETAIL TRADE *

WHOLESALE AND RETAIL VAR. % TRADE AND REPAIR OF Not in stores, TOT TOT MUNICIPALITY Wholesale on a fee or In non-specialised In specialised Via stalls and 2013/ MOTOR VEHICLES AND Other wholesale stalls or 2013 2012 contract basis stores stores markets 2012 MOTORCYCLES markets

ALGHERO 102 125 72 64 492 109 17 981 967 1,45% ANELA 4 0 0 2 5 2 0 13 14 -7,14% ARDARA 1 0 4 2 6 0 0 13 14 -7,14% BANARI 0 1 0 1 2 0 0 4 4 0,00% BENETUTTI 8 2 4 4 15 1 0 34 33 3,03% BESSUDE 0 0 0 1 2 2 1 6 6 0,00% BONNANARO 2 2 2 6 13 3 0 28 28 0,00% BONO 9 1 3 10 40 9 1 73 75 -2,67% BONORVA 8 5 0 15 36 2 2 68 74 -8,11% BORUTTA 0 1 0 1 4 0 0 6 6 0,00% BOTTIDDA 0 0 0 2 5 2 0 9 8 12,50% BULTEI 3 0 1 4 13 1 0 22 22 0,00% BULZI 0 0 0 2 3 1 0 6 6 0,00% BURGOS 1 1 0 3 9 0 0 14 14 0,00% CARGEGHE 1 5 3 2 4 9 1 25 23 8,70% CASTELSARDO 22 13 7 16 77 12 3 150 151 -0,66% CHEREMULE 0 2 0 1 3 1 0 7 7 0,00% CHIARAMONTI 4 0 3 7 21 4 0 39 39 0,00% CODRONGIANOS 2 3 7 4 9 14 0 39 37 5,41% COSSOINE 3 2 2 4 7 8 0 26 25 4,00% ERULA 0 2 0 0 6 2 0 10 9 11,11% ESPORLATU 0 0 0 2 1 1 0 4 4 0,00% FLORINAS 2 3 3 3 10 24 0 45 47 -4,26% GIAVE 0 0 2 3 6 1 1 13 12 8,33% ILLORAI 1 0 0 6 6 1 0 14 14 0,00% ITTIREDDU 1 0 1 1 4 0 0 7 7 0,00% ITTIRI 20 11 7 12 72 56 1 179 182 -1,65% LAERRU 5 2 0 4 4 2 0 17 16 6,25% MARA 0 0 0 3 3 0 0 6 5 20,00% MARTIS 1 2 1 3 4 0 0 11 11 0,00% MONTELEONE R. D. 0 0 0 0 0 0 0 0 0 0,00% MORES 3 7 2 5 25 21 1 64 66 -3,03% MUROS 4 2 4 2 7 3 1 23 22 4,55% PAGE 64 Economic Survey of North Sardinia 2014

PROVINCE OF SASSARI WHOLESALE TRADE * RETAIL TRADE *

WHOLESALE AND RETAIL VAR. % TRADE AND REPAIR OF Not in stores, TOT TOT201 MUNICIPALITY Wholesale on a fee or In non-specialised In specialised Via stalls and 2013/ MOTOR VEHICLES AND Other wholesale stalls or 2013 2 contract basis stores stores markets 2012 MOTORCYCLES markets

NUGHEDU S. NICOLÒ 1 1 0 2 3 0 0 7 9 -22,22% NULE 3 0 1 4 9 1 0 18 19 -5,26% NULVI 4 3 4 11 25 4 0 51 49 4,08% OLMEDO 6 15 2 3 24 6 1 57 52 9,62% OSILO 8 7 1 10 24 1 0 51 53 -3,77% OSSI 9 10 3 12 47 31 2 114 117 -2,56% OZIERI 37 25 25 18 124 37 2 268 266 0,75% PADRIA 2 1 1 4 3 3 0 14 12 16,67% PATTADA 7 4 3 9 21 4 0 48 48 0,00% PERFUGAS 9 6 3 5 33 4 0 60 58 3,45% PLOAGHE 10 5 5 7 66 48 4 145 149 -2,68% PORTO TORRES 54 44 36 26 201 33 7 401 402 -0,25% POZZOMAGGIORE 6 5 6 10 32 9 0 68 64 6,25% PUTIFIGARI 0 1 0 2 4 0 0 7 8 -12,50% ROMANA 0 0 1 2 2 1 0 6 7 -14,29% S.MARIA COGHINAS 7 10 3 5 14 5 1 45 43 4,65% SASSARI 418 740 493 180 1322 732 75 3.960 3.920 1,02% SEDINI 5 2 0 4 8 2 0 21 22 -4,55% SEMESTENE 0 0 0 0 2 0 0 2 2 0,00% SENNORI 8 13 5 12 50 60 0 148 149 -0,67% SILIGO 1 2 0 3 6 10 0 22 23 -4,35% SORSO 26 24 10 19 96 31 4 210 212 -0,94% STINTINO 4 2 1 9 34 2 0 52 54 -3,70% TERGU 2 1 1 2 3 5 0 14 12 16,67% THIESI 10 1 17 4 44 24 0 100 98 2,04% TISSI 1 10 1 6 10 5 0 33 38 -13,16% TORRALBA 0 4 3 3 4 2 0 16 17 -5,88% TULA 3 1 2 6 17 3 3 35 39 -10,26% URI 4 1 2 3 24 2 0 36 38 -5,26% USINI 7 11 2 7 22 23 0 72 72 0,00% VALLEDORIA 11 12 9 12 72 13 0 129 132 -2,27% VIDDALBA 6 5 2 5 7 0 0 25 27 -7,41% VILLANOVA MONT. 4 1 1 8 13 1 0 28 27 3,70% TOTAL 880 1.159 771 608 3.280 1.393 128 8.219 8.186 0,40% * except motor vehicles and motorcycles Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview PAGE 65 Economic Survey of North Sardinia 2014

2.b.OPERATING ENTERPRISES IN TRADE, BY MUNICIPALITY -YEAR 2013

PROVINCE OF OLBIA-TEMPIO WHOLESALE TRADE * RETAIL TRADE *

WHOLESALE AND RETAIL VAR. % TRADE AND REPAIR OF In non- Via stalls Not in MUNICIPALITY Wholesale on a fee or In specialised TOT 2013 TOT 2012 2013/ MOTOR VEHICLES AND Other wholesale specialised and stores, stalls contract basis stores 2012 MOTORCYCLES stores markets or markets

AGGIUS 2 2 4 3 16 5 0 32 32 0,00% AGLIENTU 2 1 1 4 10 2 1 21 21 0,00% ALÀ DEI SARDI 2 0 5 7 15 5 0 34 37 -8,11% ARZACHENA 36 24 31 23 192 37 1 344 341 0,88% BADESI 5 3 3 9 19 10 1 50 51 -1,96% BERCHIDDA 13 12 6 6 27 3 1 68 68 0,00% BORTIGIADAS 0 0 0 2 3 1 0 6 8 -25,00% BUDDUSÒ 12 2 13 14 43 94 1 179 177 1,13% BUDONI 8 6 9 17 48 32 2 122 139 -12,23% CALANGIANUS 16 16 21 7 49 9 1 119 123 -3,25% GOLFO ARANCI 3 4 0 3 40 3 0 53 52 1,92% LA MADDALENA 17 9 11 20 139 40 1 237 243 -2,47% LOIRI PORTO SAN PAOLO 3 8 3 10 36 5 3 68 68 0,00% LUOGOSANTO 9 2 3 5 11 5 0 35 33 6,06% LURAS 3 5 1 8 12 13 0 42 45 -6,67% MONTI 2 6 2 9 23 11 0 53 52 1,92% OLBIA 231 195 234 81 610 594 39 1.984 1.882 5,42% OSCHIRI 7 7 3 5 34 4 0 60 62 -3,23% PADRU 4 1 2 3 8 6 0 24 26 -7,69% PALAU 11 6 6 11 61 12 1 108 106 1,89% SAN TEODORO 16 13 9 17 66 38 0 159 167 -4,79% SANTA TERESA GALLURA 15 5 9 23 82 10 1 145 140 3,57% SANT'ANTONIO DI GALLURA 2 3 2 4 10 0 1 22 22 0,00% TELTI 5 13 3 4 10 4 0 39 41 -4,88% TEMPIO PAUSANIA 57 45 35 28 162 39 2 368 369 -0,27% TRINITÀ D'AGULTU E VIGNOLA 5 2 0 14 37 4 1 63 58 8,62% TOTAL 486 390 416 337 1.763 986 57 4.435 4.363 1,65% TOT NORTH SARDINIA 1.366 1.549 1.187 945 5.043 2.379 185 12.654 12.549 0,84% TOT SARDINIA 4.212 5.326 3.842 3.302 15.698 6.829 626 39.835 40.318 -1,20%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 66 Economic Survey of North Sardinia 2014 3.a.WHOLESALE TRADE* IN THE MUNICIPALITY OF SASSARI - YEARS 2010 - 2011 - 2012 - 2013 Operating Enterprises 2013 2012 2011 2010 - in general 25 24 24 23 - of agricultural raw materials, live animals, textile raw materials 10 10 8 10 - of fuels, ores, metals and industrial chemicals 21 21 20 19 - of timber and building materials 49 60 66 65 - of machinery, industrial equipment, ships and aircraft 48 54 51 54 - of furniture, household goods, hardware and ironmongery 47 48 54 55 BASIS - of textiles, clothing, fur, footwear and leather goods 37 38 40 42 - of food, beverages and tobacco 157 164 172 171

WHOLESALE ON A WHOLESALE - of other particular products 259 263 260 257 FEE OR CONTRACT - of a variety of goods 87 55 58 59 TOTAL WHOLESALE ON A FEE OR CONTRACT BASIS 740 737 753 755 - of grain, unmanufactured tobacco, seeds and animal feeds 3 3 4 3 - of flowers and plants 3 3 3 3 - of live animals 2 2 2 2 - of food, beverages and tobacco 1 1 1 1 - of fruit and vegetables 50 49 50 51 - of meat and meat products 11 11 12 10 - of dairy products, eggs and edible oils and fats 4 4 4 5 - of beverages 10 11 10 10 -of sugar and chocolate and sugar confectionery 5 6 7 6 - of coffee, tea, cocoa and spices 5 5 5 4 - of other food, including fish, crustaceans and molluscs 8 6 7 7 - non-specialised wholesale of food, beverages and tobacco 45 47 48 52 - of textiles 6 6 7 7 - of clothing and footwear 38 35 35 35 - of electrical household appliances 12 13 14 17 - of china and glassware and cleaning materials 9 9 9 10 - of perfume and cosmetics 11 9 9 9 - of pharmaceutical goods 37 37 37 37 - of furniture, carpets and lighting equipment 26 26 29 30 -of watches and jewellery 11 11 12 11 - of other household goods 31 34 33 31 - of computers, computer peripheral equipment and software 12 12 14 15 - of electronic and telecommunications equipment and parts 5 3 1 1

OTHER WHOLESALE - of other machinery, equipment and supplies 7 7 8 8 - of agricultural machinery, equipment and supplies 10 11 11 11 - of machine tools 2 2 2 2 - of mining, construction and civil engineering machinery 1 1 2 1 - of machinery for the textile industry and of sewing and knitting machines 1 1 1 1 - of office furniture 2 2 2 1 - of other office machinery and equipment 7 6 6 6 - of other machinery and equipment 21 24 27 28 - of solid, liquid and gaseous fuels and related products 10 10 11 10 - of metals and metal ores 4 4 3 2 - of wood, construction materials and sanitary equipment 46 46 48 50 - of hardware, plumbing and heating equipment and supplies 14 14 12 12 - of chemical products 3 3 3 3 - of other intermediate products 4 3 3 4 - of waste and scrap 1 1 1 1 - non-specialised 15 12 10 8 TOTAL OTHER WHOLESALE 493 490 503 505 TOTAL WHOLESALE* 1.233 1227 1.256 1.260 * except motor vehicles and motorcycles Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview PAGE 67 Economic Survey of North Sardinia 2014 3.b.WHOLESALE TRADE* IN THE MUNICIPALITY OF OLBIA - YEARS 2010 - 2011 - 2012 - 2013

Operating Enterprises 2013 2012 2011 2010 - in general 3 4 3 3 - of agricultural raw materials, live animals, textile raw materials 1 0 0 0 - of fuels, ores, metals and industrial chemicals 7 7 7 7 - of timber and building materials 13 14 17 18 - of machinery, industrial equipment, ships and aircraft 9 9 9 9 - of furniture, household goods, hardware and ironmongery 8 9 9 9 - of textiles, clothing, fur, footwear and leather goods 9 9 9 10 - of food, beverages and tobacco 70 65 64 64 - of other particular products 45 44 45 49 OR CONTRACT BASIS

WHOLESALE ON A FEEWHOLESALE - of a variety of goods 30 17 18 18 TOTAL WHOLESALE ON A FEE OR CONTRACT BASIS 195 178 181 187 - of grain, unmanufactured tobacco, seeds and animal feeds 3 3 4 2 - of flowers and plants 7 7 7 7 - of live animals 1 1 1 0 - of food, beverages and tobacco 0 0 0 0 - of fruit and vegetables 5 5 7 7 - of meat and meat products 8 7 7 7 - of dairy products, eggs and edible oils and fats 5 4 3 4 - of beverages 3 6 6 6 -of sugar and chocolate and sugar confectionery 4 4 5 4 - of coffee, tea, cocoa and spices 1 1 1 1 - of other food, including fish, crustaceans and molluscs 10 8 6 8 - non-specialised wholesale of food, beverages and tobacco 21 19 21 21 - of textiles 5 5 4 5 - of clothing and footwear 18 16 16 15 - of electrical household appliances 1 1 1 2 - of china and glassware and cleaning materials 3 3 3 3 - of perfume and cosmetics 2 2 1 1 - of pharmaceutical goods 1 1 1 2 - of furniture, carpets and lighting equipment 15 14 14 13 - of watches and jewellery 1 0 0 0 - of other household goods 20 19 15 15 - of computers, computer peripheral equipment and software 7 8 8 7 OTHER WHOLESALE - of electronic and telecommunications equipment and parts 1 0 0 1 - of other machinery, equipment and supplies 2 2 1 1 - of agricultural machinery, equipment and supplies 2 2 2 2 - of machine tools 2 2 3 3 - of mining, construction and civil engineering machinery 6 4 4 4 - of other office machinery and equipment 2 3 3 3 - of other machinery and equipment 15 12 14 13 - of solid, liquid and gaseous fuels and related products 2 3 3 4 - of metals and metal ores 1 1 1 3 - of wood, construction materials and sanitary equipment 36 37 35 37 - of hardware, plumbing and heating equipment and supplies 10 12 14 14 - of chemical products 4 3 3 2 - of other intermediate products 4 4 4 3 - non-specialised 6 5 3 3 TOTAL OTHER WHOLESALE 234 224 221 223 TOTAL WHOLESALE* 429 402 402 410 * except motor vehicles and motorcycles Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview PAGE 68 Economic Survey of North Sardinia 2014 4.a.RETAIL* TRADE IN THE MUNICIPALITY OF SASSARI - YEARS 2009 - 2010 - 2011 -2012-2013

Operating Enterprises 2013 2012 2011 2010 2009

IN NON-SPECIALISED STORES: - in general 2 2 2 4 4 - in non-specialised stores with food, beverages or tobacco predominating 146 149 145 141 150 - other retail sale in non-specialised stores 32 34 32 34 32 TOTAL IN NON-SPECIALISED STORES 180 185 179 179 186 IN SPECIALISED STORES: - of food, beverages and tobacco 4 4 4 4 4 - of fruit and vegetables 67 64 64 71 69 - of meat and meat products 56 55 58 65 65 - of fish, crustaceans and molluscs 42 43 43 45 47 - of bread, cakes, flour confectionery and sugar confectionery 30 30 30 26 29 - of beverages 21 18 19 19 19 - of tobacco products 69 70 68 68 66 - other food products 17 16 14 12 9 - of automotive fuel 36 38 37 36 37 - of information and communication equipment 1 1 1 1 1 - of computers, peripheral units and software 18 16 14 13 12 - of telecommunications equipment 7 7 6 7 7 - of audio and video equipment 1 1 1 0 0 - of other household equipment 2 2 2 3 2 - of textiles 44 45 48 47 46 - of hardware, paints and glass 70 74 75 76 77 - of carpets, rugs, wall and floor coverings 6 7 7 8 8 - of electrical household appliances 3 3 3 3 2 - of furniture, lighting equipment and other household articles 91 92 95 97 96 - of books 13 13 13 15 15 - of newspapers and stationery 97 96 101 100 101 - of music and video recordings 1 1 1 2 3 - of sporting equipment 35 33 36 36 36 - of games and toys 7 5 5 6 8 - of other goods 1 1 1 2 2 - of clothing 222 236 244 251 251 - of footwear and leather goods 40 44 44 42 42 - of pharmaceuticals 42 40 35 31 32 - of medical and orthopaedic goods 15 17 15 16 18 - of cosmetic and toilet articles 39 36 35 36 32 - of flowers, plants, seeds, fertilisers, pet animals and pet food 44 42 43 44 43 - of watches and jewellery 40 39 39 40 40 - other retail sale of new goods 126 116 110 112 115 - of second-hand goods in stores 15 14 12 11 11 TOTAL IN SPECIALISED STORES 1.318 1.319 1.323 1.345 1.345 OTHER: - via stalls and markets 32 32 31 32 33 - via stalls and markets of food, beverages and tobacco products 58 59 57 58 58 - via stalls and markets of textiles, clothing and footwear 362 365 287 259 264 - via stalls and markets of other goods 280 225 220 217 198 - not in stores, stalls or markets 7 9 7 7 6 - via mail order houses or via Internet 18 14 14 16 17 - other retail sale not in stores, stalls or markets 50 53 53 46 34 TOTAL "OTHER" 807 757 669 635 610 TOTAL 2.309 2.261 2.171 2.159 2.141 *except motor vehicles and motorcycles Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview PAGE 69 Economic Survey of North Sardinia 2014 4.b.RETAIL* TRADE IN THE MUNICIPALITY OF OLBIA - YEARS 2009 - 2010 - 2011 -2012-2013 Operating Enterprises 2013 2012 2011 2010 2009 IN NON-SPECIALISED STORES: - in general 4 3 2 2 1 - in non-specialised stores with food, beverages or tobacco predominating 61 59 59 57 61 - other retail sale in non-specialised stores 16 12 13 15 15 TOTAL IN NON-SPECIALISED STORES 81 74 74 74 77 IN SPECIALISED STORES: - of food, beverages and tobacco 4 4 3 3 3 - of fruit and vegetables 15 14 15 14 13 - of meat and meat products 31 29 27 29 29 - of fish, crustaceans and molluscs 13 12 12 11 11 - of bread, cakes, flour confectionery and sugar confectionery 11 10 9 8 9 - of beverages 2 3 3 2 2 - of tobacco products 25 25 28 28 27 - other food products 9 5 5 6 3 - of automotive fuel 17 18 18 18 18 - of computers, peripheral units and software 10 8 9 7 7 - of telecommunications equipment 9 6 6 6 6 - of other household equipment 1 1 2 2 4 - of textiles 20 20 20 22 23 - of hardware, paints and glass 41 40 45 44 45 - of carpets, rugs, wall and floor coverings 2 3 3 3 3 - of electrical household appliances 1 1 2 1 0 - of furniture, lighting equipment and other household articles 50 48 49 52 51 - of cultural and recreation goods 1 1 1 1 1 - of books 5 5 5 5 5 - of newspapers and stationery 32 31 30 30 31 - of sporting equipment 23 27 28 26 28 - of games and toys 4 4 4 3 3 - of other goods 1 1 1 2 2 - of clothing 144 150 157 157 155 - of footwear and leather goods 21 22 24 23 27 - of pharmaceuticals 12 11 10 10 10 - of medical and orthopaedic goods 3 3 4 4 4 - of cosmetic and toilet articles 15 15 16 16 18 - of flowers, plants, seeds, fertilisers, pet animals and pet food 15 13 14 15 15 - of watches and jewellery 12 14 13 15 12 - other retail sale of new goods 58 54 56 55 52 - of second-hand goods in stores 3 4 2 2 1 TOTAL IN SPECIALISED STORES 610 602 621 620 618 OTHER: - via stalls and markets 6 8 8 8 8 - via stalls and markets of food, beverages and tobacco products 43 45 47 44 41 - via stalls and markets of textiles, clothing and footwear 216 217 209 207 193 - via stalls and markets of other goods 329 265 212 164 143 - not in stores, stalls or markets 4 4 4 4 3 - via mail order houses or via Internet 14 16 16 14 13 - other retail sale not in stores, stalls or markets 21 18 18 17 16 TOTAL "OTHER" 573 573 514 458 417 TOTAL 1324 1.249 1.209 1.152 1.112 *except motor vehicles and motorcycles PAGE 70 Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview Economic Survey of North Sardinia 2014

Economic Survey of North Sardinia 2014

CHAPTER 8 TOURISM

PAGE 71 Economic Survey of North Sardinia 2014

8 TOURISM 1a. OPERATING ENTERPRISES IN ACCOMMODATION AND FOOD SERVICE ACTIVITIES BY MUNICIPALITY - YEAR 2013 PROVINCE OF SASSARI Camping Event catering grounds, Restaurants and Beverage Hotels and similar Holiday and other short- and other Var. % Municipality recreational Other accommodation mobile food serving Total accommodation stay accommodation food service 13/12 vehicle parks and service activities activities activities trailer parks ALGHERO 30 36 4 0 213 1 157 441 4,01% ANELA 0 0 0 0 1 1 2 4 0,00% ARDARA 0 0 0 0 2 0 3 5 25,00% BANARI 0 0 0 0 1 0 2 3 -25,00% BENETUTTI 2 1 0 0 3 0 8 14 0,00% BESSUDE 0 0 0 0 0 0 1 1 0,00% BONNANARO 0 1 0 0 1 0 5 7 -12,50% BONO 2 0 0 0 9 0 11 22 0,00% BONORVA 0 0 0 0 7 1 14 22 0,00% BORUTTA 0 0 0 0 0 0 0 0 0,00% BOTTIDDA 0 0 0 0 2 0 2 4 0,00% BULTEI 0 0 0 0 1 0 6 7 0,00% BULZI 0 0 0 0 0 0 3 3 0,00% BURGOS 0 0 0 0 2 3 7 12 20,00% CARGEGHE 0 0 0 0 1 0 2 3 0,00% CASTELSARDO 10 5 0 0 37 1 33 86 4,88% CHEREMULE 0 0 0 0 0 0 1 1 0,00% CHIARAMONTI 0 0 0 0 5 0 3 8 0,00% CODRONGIANOS 0 0 0 0 3 2 6 11 0,00% COSSOINE 0 0 0 0 2 0 2 4 0,00% ERULA 0 0 0 0 1 0 4 5 0,00% ESPORLATU 0 0 0 0 0 0 1 1 -50,00% FLORINAS 0 0 0 0 4 0 3 7 0,00% GIAVE 0 0 0 0 0 0 4 4 -20,00% ILLORAI 0 0 0 0 0 0 4 4 0,00% ITTIREDDU 0 0 0 0 1 0 2 3 0,00% ITTIRI 0 0 0 0 18 0 18 36 -10,00% LAERRU 0 0 0 0 2 0 3 5 0,00% MARA 0 0 0 0 0 0 1 1 0,00% MARTIS 0 1 0 0 1 0 4 6 -14,29% MONTELEONE R. D. 0 0 0 0 1 0 1 2 0,00% MORES 1 1 0 0 6 0 12 20 5,26% MUROS 0 0 0 0 3 0 1 4 0,00%

PAGE 72 Economic Survey of North Sardinia 2014 1a. OPERATING ENTERPRISES IN ACCOMMODATION AND FOOD SERVICE ACTIVITIES BY MUNICIPALITY - YEAR 2013 PROVINCE OF SASSARI Camping Event catering grounds, Restaurants and Beverage Hotels and similar Holiday and other short- and other Var. % Municipality recreational Other accommodation mobile food serving Total accommodation stay accommodation food service 13/12 vehicle parks and service activities activities activities trailer parks ALGHERO 30 36 4 0 213 1 157 441 4,01% ANELA 0 0 0 0 1 1 2 4 0,00% ARDARA 0 0 0 0 2 0 3 5 25,00% BANARI 0 0 0 0 1 0 2 3 -25,00% BENETUTTI 2 1 0 0 3 0 8 14 0,00% BESSUDE 0 0 0 0 0 0 1 1 0,00% BONNANARO 0 1 0 0 1 0 5 7 -12,50% BONO 2 0 0 0 9 0 11 22 0,00% BONORVA 0 0 0 0 7 1 14 22 0,00% BORUTTA 0 0 0 0 0 0 0 0 0,00% BOTTIDDA 0 0 0 0 2 0 2 4 0,00% BULTEI 0 0 0 0 1 0 6 7 0,00% BULZI 0 0 0 0 0 0 3 3 0,00% BURGOS 0 0 0 0 2 3 7 12 20,00% CARGEGHE 0 0 0 0 1 0 2 3 0,00% CASTELSARDO 10 5 0 0 37 1 33 86 4,88% CHEREMULE 0 0 0 0 0 0 1 1 0,00% CHIARAMONTI 0 0 0 0 5 0 3 8 0,00% CODRONGIANOS 0 0 0 0 3 2 6 11 0,00% COSSOINE 0 0 0 0 2 0 2 4 0,00% ERULA 0 0 0 0 1 0 4 5 0,00% ESPORLATU 0 0 0 0 0 0 1 1 -50,00% FLORINAS 0 0 0 0 4 0 3 7 0,00% GIAVE 0 0 0 0 0 0 4 4 -20,00% ILLORAI 0 0 0 0 0 0 4 4 0,00% ITTIREDDU 0 0 0 0 1 0 2 3 0,00% ITTIRI 0 0 0 0 18 0 18 36 -10,00% LAERRU 0 0 0 0 2 0 3 5 0,00% MARA 0 0 0 0 0 0 1 1 0,00% MARTIS 0 1 0 0 1 0 4 6 -14,29% MONTELEONE R. D. 0 0 0 0 1 0 1 2 0,00% MORES 1 1 0 0 6 0 12 20 5,26% MUROS 0 0 0 0 3 0 1 4 0,00%

PAGE 73 Economic Survey of North Sardinia 2014 PROVINCE OF SASSARI

Camping Event catering grounds, Restaurants and Beverage Hotels and similar Holiday and other short- and other Var. % Municipality recreational Other accommodation mobile food serving Total accommodation stay accommodation food service 13/12 vehicle parks and service activities activities activities trailer parks NUGH. S. NICOLÒ 0 0 0 0 1 0 3 4 0,00% NULE 0 0 0 0 2 0 6 8 14,29% NULVI 0 0 0 0 4 0 10 14 -6,67% OLMEDO 0 0 0 0 9 0 10 19 0,00% OSILO 0 0 0 0 3 0 8 11 10,00% OSSI 0 1 0 0 15 0 12 28 7,69% OZIERI 1 1 0 0 28 2 43 75 -1,32% PADRIA 0 0 0 0 4 0 4 8 0,00% PATTADA 1 0 0 0 6 0 12 19 -5,00% PERFUGAS 2 0 0 0 5 0 15 22 10,00% PLOAGHE 0 0 0 1 13 0 16 30 3,45% PORTO TORRES 5 2 0 0 66 1 61 135 3,85% POZZOMAGGIORE 1 0 0 0 4 0 14 19 0,00% PUTIFIGARI 0 0 0 0 0 1 3 4 0,00% ROMANA 0 0 0 0 0 0 3 3 0,00% S. M. COGHINAS 1 0 0 0 6 0 8 15 0,00% SASSARI 15 10 1 1 402 9 404 842 3,57% SEDINI 0 0 0 0 2 0 4 6 -14,29% SEMESTENE 0 0 0 0 0 0 1 1 0,00% SENNORI 0 0 0 0 15 0 34 49 2,08% SILIGO 0 0 0 0 4 0 4 8 33,33% SORSO 1 1 1 0 34 2 53 92 5,75% STINTINO 4 3 0 0 22 0 15 44 0,00% TERGU 0 0 0 0 2 0 1 3 0,00% THIESI 1 0 0 0 5 0 10 16 -5,88% TISSI 0 0 0 0 6 0 6 12 0,00% TORRALBA 0 0 0 0 2 0 4 6 0,00% TULA 0 0 0 0 3 0 9 12 9,09% URI 0 0 0 0 7 1 13 21 5,00% USINI 0 0 0 0 9 0 12 21 5,00% VALLEDORIA 7 4 2 0 21 0 31 65 3,17% VIDDALBA 1 0 0 0 4 0 4 9 12,50% VILLANOVA MONT. 0 0 0 0 4 0 3 7 -12,50% TOTAL 85 67 8 2 1.035 25 1.162 2.384 2,80% Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 74 Economic Survey of North Sardinia 2014

1b. OPERATING ENTERPRISES IN ACCOMMODATION AND FOOD SERVICE ACTIVITIES BY MUNICIPALITY - YEAR 2013 PROVINCE OF OLBIA-TEMPIO

Camping grounds, Event catering Holiday and other Restaurants and Beverage Hotels and similar recreational and other Var. % Municipality short-stay Other accommodation mobile food serving Total accommodation vehicle parks and food service 13/12 accommodation service activities activities trailer parks activities

AGGIUS 0 1 0 0 2 0 3 6 -33,33% AGLIENTU 3 1 3 0 8 1 12 28 3,70% ALÀ DEI SARDI 0 0 0 0 4 0 7 11 -8,33% ARZACHENA 37 7 1 0 118 0 74 237 0,42% BADESI 4 3 1 0 13 0 10 31 -3,13% BERCHIDDA 2 0 0 0 8 0 9 19 -5,00% BORTIGIADAS 0 0 0 0 2 0 3 5 0,00% BUDDUSÒ 0 0 0 0 9 0 19 28 0,00% BUDONI 18 10 1 0 52 0 33 114 9,62% CALANGIANUS 0 0 0 0 13 1 16 30 7,14% GOLFO ARANCI 8 2 0 0 34 0 21 65 0,00% LA MADDALENA 11 2 2 0 70 1 48 134 -2,19% LOIRI PORTO S. P. 3 5 1 0 32 1 12 54 -3,57% LUOGOSANTO 2 0 0 0 4 0 5 11 -8,33% LURAS 3 0 0 0 3 0 3 9 -10,00% MONTI 1 0 0 0 7 0 7 15 -6,25% OLBIA 47 15 0 0 356 6 260 684 2,70% OSCHIRI 1 0 0 0 17 1 9 28 -3,45% PADRU 2 0 0 0 7 0 12 21 -16,00% PALAU 9 3 3 0 48 2 32 97 -2,02% SAN TEODORO 16 9 2 0 62 0 34 123 2,50% S. T. GALLURA 17 5 1 0 46 0 30 99 -1,98% S. A. GALLURA 2 0 0 0 2 0 8 12 0,00% TELTI 0 0 0 0 4 1 5 10 0,00% T. PAUSANIA 9 2 0 0 54 0 44 109 10,10% T. D'AGULTU V. 6 0 0 0 16 0 21 43 0,00% TOTAL 201 65 15 0 991 14 737 2.023 1,10% TOTAL NORTH 286 132 23 2 2.026 39 1.899 4.407 2,01% SARDINIA TOT. SARDINIA 679 350 66 3 5.279 121 5.051 11.549 1,37% Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview PAGE 75 Economic Survey of North Sardinia 2014

2a. CAPACITY OF HOTELS AND SIMILARS ESTABLISHMENTS BY MUNICIPALITY - YEAR 2013* PROVINCE OF SASSARI 5 stars - 5 stars deluxe Hotel tourism- 4 stars hotels 3 stars hotels 2 stars hotels 1 star hotels MUNICIPALITY Hotels residences Number Beds Rooms Number Beds Rooms Number Beds Rooms Number Beds Rooms Number Beds Rooms Number Beds Rooms Alghero 2 266 113 15 3.309 1.378 18 1.905 934 0 0 0 0 0 0 4 691 195 Anela 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ardara 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Banari 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Benetutti 0 0 0 1 14 10 1 122 66 0 0 0 0 0 0 0 0 0 Bessude 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bonnanaro 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bono 0 0 0 0 0 0 1 55 30 0 0 0 1 18 10 0 0 0 Bonorva 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Borutta 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bottidda 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bultei 0 0 0 0 0 0 0 0 0 1 25 15 0 0 0 0 0 0 Bulzi 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Burgos 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cargeghe 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Castelsardo 0 0 0 5 588 288 6 487 224 2 59 30 0 0 0 1 120 36 Cheremule 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Chiaramonti 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Codrongianos 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cossoine 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Esporlatu 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Florinas 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Giave 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Illorai 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ittireddu 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ittiri 0 0 0 0 0 0 1 21 10 0 0 0 0 0 0 0 0 0 Laerru 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mara 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Martis 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Monteleone R. D. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mores 0 0 0 0 0 0 1 20 10 0 0 0 1 20 10 0 0 0 Muros 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Nughedu S. Nicolò 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

PAGE 76 Economic Survey of North Sardinia 2014

5 stars - 5 stars deluxe Hotel tourism- 4 stars hotels 3 stars hotels 2 stars hotels 1 star hotels MUNICIPALITY Hotels residences Number Beds Rooms Number Beds Rooms Number Beds Rooms Number Beds Rooms Number Beds Rooms Number Beds Rooms Nule 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Nulvi 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Olmedo 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Osilo 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ossi 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ozieri 0 0 0 0 0 0 2 73 35 0 0 0 0 0 0 0 0 0 Padria 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Pattada 0 0 0 0 0 0 2 90 39 0 0 0 0 0 0 0 0 0 Perfugas 0 0 0 0 0 0 0 0 0 1 21 9 0 0 0 0 0 0 Ploaghe 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Porto Torres 0 0 0 1 87 36 1 50 22 1 18 7 0 0 0 1 35 12 Pozzomaggiore 0 0 0 0 0 0 0 0 0 1 22 10 0 0 0 0 0 0 Putifigari 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Romana 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Sassari 0 0 0 3 342 261 4 719 330 2 64 34 0 0 0 0 0 0 Sedini 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Semestene 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Sennori 0 0 0 0 0 0 0 0 0 1 17 9 0 0 0 0 0 0 Siligo 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Sorso 0 0 0 2 1.240 448 3 546 238 0 0 0 0 0 0 1 103 47 Thiesi 0 0 0 0 0 0 1 31 15 0 0 0 0 0 0 0 0 0 Tissi 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Torralba 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Tula 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Uri 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Usini 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Villanova Mont. 0 0 0 0 0 0 0 0 0 1 20 10 0 0 0 0 0 0 Valledoria 0 0 0 0 0 0 3 156 74 2 55 29 0 0 0 3 427 128 Viddalba 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 103 24 Tergu 0 0 0 0 0 0 1 18 12 0 0 0 0 0 0 0 0 0 S. Maria Coghinas 0 0 0 2 78 36 0 0 0 1 16 8 0 0 0 0 0 0 Erula 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Stintino 0 0 0 4 1.193 467 7 394 188 1 20 10 0 0 0 4 2.687 607 TOTAL 2 266 113 34 7.015 3.006 51 4.523 2.145 14 337 171 2 38 20 15 4.166 1.049

*Provisional data, subject to revision Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Assessorato al Turismo Provincia Sassari

PAGE 77 Economic Survey of North Sardinia 2014

2b. CAPACITY OF HOTELS AND SIMILARS ESTABLISHMENTS BY MUNICIPALITY - YEAR 2013* PROVINCE OF OLBIA-TEMPIO 5 stars - 5 stars deluxe Hotel tourism- 4 stars hotels 3 stars hotels 2 stars hotels 1 star hotels MUNICIPALITY Hotels residences Number Beds Rooms Number Beds Rooms Number Beds Rooms Number Beds Rooms Number Beds Rooms Number Beds Rooms Aggius 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Aglientu 0 0 0 0 0 0 7 683 288 1 23 11 0 0 0 0 0 0 Alà dei Sardi 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Arzachena 10 1.933 933 33 4.582 2.153 31 2.366 1.077 2 44 22 0 0 0 6 198 260 Badesi 0 0 0 3 1.490 463 1 66 28 2 32 21 0 0 0 1 0 26 Berchidda 0 0 0 0 0 0 2 103 55 0 0 0 0 0 0 0 0 0 Bortigiadas 0 0 0 0 0 0 1 21 8 0 0 0 0 0 0 0 0 0 Buddusò 0 0 0 1 34 14 1 42 26 0 0 0 0 0 0 0 0 0 Budoni 0 0 0 8 2.381 1.124 10 1.376 685 1 20 10 2 41 21 7 0 141 Calangianus 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Golfo Aranci 0 0 0 5 1.399 599 5 256 132 2 69 27 0 0 0 2 480 159 La Maddalena 0 0 0 4 1.033 459 8 454 201 0 0 0 0 0 0 1 58 19 Loiri P. San Paolo 0 0 0 3 255 108 4 167 74 0 0 0 0 0 0 2 10 40 Luogosanto 0 0 0 0 0 0 2 148 76 0 0 0 0 0 0 0 0 0 Luras 0 0 0 0 0 0 1 20 11 0 0 0 0 0 0 0 0 0 Monti 0 0 0 0 0 0 1 24 12 0 0 0 0 0 0 0 0 0 Olbia 2 447 224 26 3.533 1.556 22 1.029 674 2 55 31 2 34 17 4 94 103 Oschiri 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Padru 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Palau 1 180 63 5 1.205 687 7 426 249 0 0 0 0 0 0 2 144 158 San Teodoro 0 0 0 7 1.382 662 16 1.402 634 1 48 17 0 0 0 3 401 281 S. Antonio di G. 0 0 0 2 40 36 1 30 15 0 0 0 0 0 0 0 0 0 S. Teresa Gallura 2 554 267 6 604 443 16 3.632 1.096 6 136 74 0 0 0 0 0 0 Telti 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Tempio Pausania 0 0 0 1 118 60 6 412 195 0 0 0 0 0 0 0 0 0 Trinità e Vignola 0 0 0 3 70 320 6 207 96 2 25 17 0 0 0 0 0 0 TOTAL 15 3.114 1.487 107 18.126 8.684 148 12.864 5.632 19 452 230 4 75 38 28 1.385 1.187 TOTAL NORTH 17 3.380 1.600 141 25.141 11.690 199 17.387 7.777 33 789 401 6 113 58 43 5.551 2.236 SARDINIA

*Provisional data, subject to revision

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Assessorato al Turismo Provincia Olbia-Tempio

PAGE 78 Economic Survey of North Sardinia 2014

3a. CAPACITY OF OTHER COLLECTIVE ACCOMMODATION ESTABLISHMENTS BY MUNICIPALITY - YEAR 2013*

PROVINCE OF SASSARI Tourist camp- Other Tourist camp- Holiday Holiday dwellings Bed & sites and Farmhouses Youth hostels Holiday homes accommodation MUNICIPALITY sites villages (rented) Breakfast holiday villages n.e.c. Number Beds Number Beds Number Beds Number Beds Number Beds Number Beds Number Beds Number Beds Number Beds Alghero 3 4.460 1 200 0 0 54 682 30 265 2 152 3 117 3 14 173 678 Anela 0 0 0 0 0 0 0 0 2 8 0 0 0 0 0 0 0 0 Ardara 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 Banari 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 13 Benetutti 0 0 0 0 0 0 0 0 1 2 0 0 0 0 0 0 3 11 Bessude 0 0 0 0 0 0 0 0 1 7 0 0 0 0 0 0 1 6 Bonnanaro 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 26 Bono 0 0 0 0 0 0 0 0 1 2 0 0 0 0 0 0 2 10 Bonorva 0 0 0 0 0 0 0 0 1 3 0 0 1 24 0 0 7 22 Borutta 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bottidda 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 Bultei 0 0 0 0 0 0 0 0 1 10 0 0 0 0 0 0 0 0 Bulzi 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Burgos 0 0 0 0 0 0 0 0 1 9 0 0 0 0 0 0 0 0 Cargeghe 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Castelsardo 0 0 1 351 0 0 1 114 0 0 1 65 0 0 0 0 25 129 Cheremule 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 12 Chiaramonti 0 0 0 0 0 0 0 0 3 23 0 0 0 0 0 0 0 0 Codrongianos 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 Cossoine 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 Erula 0 0 0 0 0 0 0 0 1 15 0 0 0 0 0 0 2 11 Esporlatu 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Florinas 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Giave 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 21 Illorai 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 Ittireddu 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ittiri 0 0 0 0 0 0 0 0 2 16 0 0 0 0 0 0 6 13 Laerru 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mara 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 Martis 0 0 0 0 0 0 0 0 4 26 0 0 0 0 0 0 6 27 Monteleone R. Doria 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 22 Mores 0 0 0 0 0 0 1 8 0 0 0 0 0 0 0 0 0 0 Muros 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4

PAGE 79 Economic Survey of North Sardinia 2014

Tourist camp- Other Tourist camp- Holiday Holiday dwellings Bed & sites and Farmhouses Youth hostels Holiday homes accommodation MUNICIPALITY sites villages (rented) Breakfast holiday villages n.e.c. Number Beds Number Beds Number Beds Number Beds Number Beds Number Beds Number Beds Number Beds Number Beds Nughedu San Nicolò 1 105 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Nule 0 0 0 0 0 0 0 0 1 8 0 0 0 0 0 0 1 5 Nulvi 0 0 0 0 0 0 1 26 6 29 0 0 0 0 0 0 1 4 Olmedo 0 0 0 0 0 0 0 0 3 20 0 0 0 0 0 0 29 127 Osilo 0 0 0 0 0 0 1 6 0 0 0 0 0 0 0 0 4 4 Ossi 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 2 10 Ozieri 0 0 0 0 0 0 1 12 3 11 0 0 0 0 0 0 11 24 Padria 0 0 0 0 0 0 0 0 1 10 0 0 0 0 0 0 0 0 Pattada 0 0 0 0 0 0 0 0 1 12 0 0 0 0 0 0 2 4 Perfugas 0 0 0 0 0 0 0 0 2 17 0 0 0 0 0 0 2 6 Ploaghe 0 0 0 0 0 0 0 0 1 2 0 0 0 0 0 0 2 6 Porto Torres 0 0 0 0 0 0 3 64 3 20 1 20 0 0 0 0 25 101 Pozzomaggiore 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 24 Putifigari 0 0 0 0 0 0 0 0 1 8 0 0 0 0 0 0 0 0 Romana 0 0 0 0 0 0 0 0 1 2 0 0 0 0 0 0 0 0 Sassari 0 0 0 0 0 0 5 26 42 246 0 0 2 24 0 0 139 514 Sedini 0 0 0 0 0 0 0 0 1 7 0 0 0 0 0 0 0 0 Semestene 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Sennori 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 9 Siligo 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 11 Sorso 2 1.970 0 0 0 0 3 38 0 0 0 0 0 0 1 20 33 162 Thiesi 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 8 40 Tissi 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Torralba 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 Tula 0 0 0 0 0 0 0 0 3 52 0 0 0 0 0 0 2 4 Uri 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 22 Usini 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 16 Villanova Mont. 0 0 0 0 0 0 0 0 3 12 0 0 0 0 0 0 9 40 Valledoria 3 1.820 0 0 0 0 7 255 4 8 0 0 0 0 0 0 6 32 Viddalba 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Tergu 0 0 0 0 0 0 0 0 2 20 0 0 0 0 0 0 3 10 S. Maria Coghinas 0 0 0 0 0 0 1 28 2 18 0 0 0 0 0 0 4 24 Stintino 0 0 0 0 0 0 2 11 3 38 0 0 0 0 0 0 10 59 TOTAL 9 8.355 2 551 0 0 81 1.274 133 934 4 237 6 165 4 34 566 2.294

*Provisional data, subject to revision Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Assessorato al Turismo Provincia Sassari

PAGE 80 Economic Survey of North Sardinia 2014

3b .CAPACITY OF OTHER COLLECTIVE ACCOMMODATION ESTABLISHMENTS BY MUNICIPALITY - YEAR 2013*

PROVINCE OLBIA-TEMPIO Tourist camp- Holiday Other Tourist camp- Bed & Holiday villages sites and dwellings Farmhouses Youth hostels Holiday homes accommodation MUNICIPALITY sites Breakfast holiday villages (rented) n.e.c. Number Beds Number Beds Number Beds Number Beds Number Beds Number Beds Number Beds Number Beds Number Beds Aggius 0 0 0 0 0 0 1 0 4 12 0 0 0 0 0 0 5 14 Aglientu 2 3.708 0 0 0 0 2 0 12 100 0 0 0 0 0 0 3 10 Alà dei Sardi 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Arzachena 1 0 1 2.904 0 0 15 578 19 224 0 0 0 0 3 65 34 107 Badesi 1 0 0 0 0 0 9 247 1 6 0 0 0 0 1 20 3 10 Berchidda 1 272 0 0 0 0 0 0 1 10 0 0 0 0 0 0 2 2 Bortigiadas 0 0 0 0 0 0 0 0 1 9 0 0 0 0 0 0 0 0 Buddusò 0 0 0 0 0 0 1 0 2 20 0 0 0 0 0 0 0 0 Budoni 4 0 1 420 0 0 19 394 2 10 0 0 0 0 0 0 7 22 Calangianus 0 0 0 0 0 0 0 0 2 12 0 0 0 0 0 0 0 0 Golfo Aranci 0 0 0 0 0 0 7 0 0 0 0 0 0 0 0 0 4 14 La Maddalena 3 0 2 0 0 0 5 114 0 0 0 0 0 0 0 0 41 154 Loiri Porto S. Paolo 1 0 0 0 0 0 7 20 6 53 0 0 0 0 0 0 14 47 Luogosanto 0 0 0 0 0 0 0 0 7 49 0 0 0 0 0 0 5 18 Luras 0 0 0 0 0 0 0 0 1 10 0 0 0 0 0 0 3 8 Monti 0 0 0 0 0 0 1 7 9 71 0 0 0 0 0 0 1 4 Olbia 1 0 0 0 0 0 18 29 28 152 0 0 0 0 3 35 59 158 Oschiri 0 0 0 0 0 0 0 0 1 20 0 0 0 0 1 15 4 9 Padru 0 0 0 0 0 0 0 0 18 135 0 0 0 0 1 4 1 4 Palau 4 1.664 0 0 0 0 17 125 2 16 0 0 0 0 0 0 19 52 San Teodoro 3 1.285 0 0 0 0 14 141 3 29 0 0 0 0 0 0 35 143 S. Antonio di Gallura 0 0 0 0 0 0 0 0 2 7 0 0 0 0 0 0 3 11 S. Teresa Gallura 3 0 0 0 0 0 20 478 3 18 0 0 0 0 0 0 13 44 Telti 0 0 0 0 0 0 0 0 4 40 0 0 0 0 0 0 5 23 Tempio Pausania 0 0 0 0 0 0 5 29 9 59 0 0 0 0 0 0 4 15 Trinità e Vignola 0 0 0 0 0 0 6 8 2 19 0 0 0 0 0 0 10 28 TOTAL 24 6.929 4 3.324 0 0 147 2.170 139 1.081 0 0 0 0 9 139 275 897 TOTAL NORTH 33 15.284 6 3.875 0 0 228 3.444 272 2.015 4 237 6 165 13 173 841 3.191 SARDINIA

*Provisional data, subject to revision Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Assessorato al Turismo Provincia Olbia-Tempio

PAGE 81 Economic Survey of North Sardinia 2014

4. OCCUPANCY IN COLLECTIVE TOURIST ACCOMMODATION ESTABLISHMENTS BY LOCALITY 2013*

HOTELS AND SIMILARS OTHER COLLECTIVE ACCOMMODATION ESTABLISHMENTS FOREIGNERS TOTAL ITALIANS FOREIGNERS TOTAL nights nights var. % nights var. % nights nights var. % nights var. % arrivals arrivals arrivals LOCALITY arrivals arrivals arrivals LOCALITY spent spent 13/12 spent 13/12 spent spent 13/12 spent 13/12 Alghero 63.364 218.317 103.306 421.252 166.670 11% 639.569 10% Alghero 8.319 44.756 26.389 128.043 34.708 -12% 172.799 -7% Castelsardo 7.122 34.161 10.938 51.916 18.060 27% 86.077 12% Castelsardo 4.282 39.085 93 1.018 4.375 -3% 40.103 -3% Porto Torres 5.203 22.659 2.682 5.784 7.885 6% 28.443 18% Porto Torres 20 93 55 139 75 - 232 - Sassari** 27.243 44.030 8.225 15.819 35.468 - 59.849 - Sassari 181 417 104 238 285 2275% 655 274% Sorso 6.998 61.058 466 1.969 7.464 -35% 63.027 -23% Sorso 4.233 29.095 3.988 15.720 8.221 -14% 44.815 -20% Stintino 34.302 272.178 5.431 25.157 39.733 137% 297.335 166% Stintino 576 1.244 268 416 844 - 1.660 - Valledoria 3.122 23.424 2.176 12.844 5.298 7% 36.268 7% Valledoria 3.266 20.109 7.798 57.014 11.064 12% 77.123 11% Others 3.797 12.013 406 888 4.203 -43% 12.901 -44% Others 101 250 26 124 127 - 374 - TOTAL 151.151 687.840 133.630 535.629 284.781 4% 1.223.469 17% TOTAL 20.978 135.049 38.721 202.712 59.699 -6% 337.761 -4%

HOTELS AND SIMILARS OTHER COLLECTIVE ACCOMMODATION ESTABLISHMENTS ITALIANS FOREIGNERS TOTAL ITALIANS FOREIGNERS TOTAL nights nights var. % nights var. % nights nights var. % nights var. % arrivals arrivals arrivals arrivals arrivals arrivals LOCALITY spent spent 13/12 spent 13/12 LOCALITY spent spent 13/12 spent 13/12 Arzachena 47.878 277.858 83.214 491.459 131.092 6,36% 769.317 5,70% Arzachena 10.322 90.255 15.958 88.778 26.280 -7,42% 179.033 -13,01% Budoni 18.815 159.688 59.574 429.711 78.389 22,96% 589.399 19,06% Budoni 5.303 38.126 3.146 17.815 8.449 1,51% 55.941 -2,30% Golfo Aranci 11.796 93.860 10.820 74.878 22.616 66,39% 168.738 83,26% Golfo Aranci 408 3.884 250 1.945 658 -58,67% 5.829 -43,00% La Maddalena 10.335 50.359 4.418 12.037 14.753 48,30% 62.396 32,32% La Maddalena 5.083 43.487 916 11.329 5.999 -23,15% 54.816 -7,48% Olbia 64.040 237.478 65.545 250.282 129.585 4,08% 487.760 9,87% Olbia 4.364 26.646 2.711 10.696 7.075 17,37% 37.342 -3,56% Palau 10.619 59.860 13.142 65.545 23.761 -18,34% 125.405 -26,10% Palau 7.889 71.209 10.067 74.696 17.956 -21,37% 145.905 1,45% S. Teodoro 19.468 153.118 13.130 102.721 32.598 -25,59% 255.839 -18,23% S. Teodoro 10.966 77.434 7.772 26.300 18.738 3,95% 103.734 -13,30% S.Teresa Gall. 18.267 125.986 23.334 122.478 41.601 1,47% 248.464 5,23% S.Teresa Gall. 5.267 42.982 4.718 19.182 9.985 50,60% 62.164 70,77% Others 22.532 145.295 22.039 146.791 44.571 -0,51% 292.086 -6,81% Others 11.774 108.595 18.110 113.723 29.884 -9,93% 222.318 -17,90% TOTAL 223.750 1.303.502 295.216 1.695.902 518.966 5,11% 2.999.404 5,68% TOTAL 61.376 502.618 63.648 364.464 125.024 -5,86% 867.082 -7,95%

* Provisional data, subject to revision **Percentage variations have not been calculated because of partial data

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Assessorati al Turismo Province di Sassari e Olbia-Tempio

PAGE 82 Economic Survey of North Sardinia 2014

5. FOREIGN TRAVELERS EXPENDITURE BY VISITED PROVINCE Data in millions of euro

VISITED PROVINCE 2009 2010 2011 2012 2013 Var. % 2013/2012 Sassari 109 114 140 147 152 3,40% Olbia-tempio 160 102 130 133 111 -16,54% North Sardinia 269 216 270 280 263 -6,07% Cagliari 239 272 280 233 231 -0,86% Nuoro 22 24 31 22 30 36,36% Oristano 20 19 29 33 26 -21,21% Carbonia-Iglesias 23 22 13 13 17 30,77% Medio Campidano 2 3 2 6 8 33,33% Ogliastra 12 22 15 18 10 -44,44% SARDINIA 588 577 640 606 584 -3,63%

NORTH-WEST 7.626 7.492 7.859 8.210 8.650 5,36% NORTH-EAST 8.123 8.249 8.609 9.227 9.009 -2,36% CENTRE 8.745 9.152 9.671 9.635 10.161 5,46% SOUTH AND ISLANDS 3.716 3.646 3.873 4.077 4.145 1,67% AGGREGATE DATA 647 717 878 906 1.100 21,41%

ITALY 28.856 29.257 30.891 32.056 33.064 3,14%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Banca d'Italia

PAGE 83 Economic Survey of North Sardinia 2014

6a. Registered enterprises in marine economic activities - Year 2013

Sea and inland Research, % Impact Accommodation Sports and Total Marine passenger and regulation and marine Territory Fishing Shipbuilding and food service recreation marine mining freight water environmental economy on activities activities economy transport protection total economy Sassari 405 7 261 97 852 49 401 2.072 6,0 Olbia-Tempio 242 9 284 247 1.084 13 397 2.276 10,0 Nuoro 67 1 21 33 186 8 41 356 2,0 Cagliari 485 12 380 147 1.070 86 441 2.621 4,9 Oristano 171 1 72 31 269 11 81 635 4,0 Ogliastra 43 1 32 20 152 10 45 303 5,7 Medio Campidano 59 0 16 1 19 1 7 102 1,1 Carbonia-Iglesias 193 1 57 26 276 10 39 602 6,3 SARDINIA 1.665 33 1.123 602 3.908 187 1.451 8.968 5,3

NORTH-WEST 3.254 22 6.590 1.980 6.808 1.238 2.015 21.906 1,4 NORTH-EAST 7.891 24 4.702 2.148 10.001 888 3.062 28.718 2,4 CENTRE 6.211 128 7.963 2.502 23.257 1.497 10.064 51.622 3,9 SOUTH AND ISLANDS 16.596 353 8.885 4.386 31.779 2.292 13.047 77.338 3,9

ITALY 33.952 528 28.139 11.017 71.845 5.915 28.188 179.584 3,0

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Unioncamere

PAGE 84 Economic Survey of North Sardinia 2014

6b. Value added at current prices regarding marine economic activities - Year 2013 Data in millions of Euro

Sea and inland Research, % Impact Accommodation Sports and Total Marine passenger and regulation and marine Territory Fishing Shipbuilding and food service recreation marine mining freight water environmental economy on activities activities economy transport protection total economy Sassari 20,2 0,7 15,5 19,7 125,7 60,4 15,8 258,1 4,5 Olbia-Tempio 21,6 1,8 25,3 56,5 300,1 20,5 13,8 439,8 13,8 Nuoro 3,8 0,2 5,7 5,7 42,9 12,0 4,2 74,4 2,7 Cagliari 33,5 20,2 25,7 83,8 225,0 113,9 26,9 529,0 4,6 Oristano 48,7 1,3 7,9 10,2 34,5 27,9 10,2 140,8 5,3 Ogliastra 3,4 0,4 5,5 9,3 37,7 17,2 4,0 77,5 8,9 Medio Campidano 3,6 0,0 0,6 0,5 4,8 3,0 0,5 12,9 1,0 Carbonia-Iglesias 17,4 7,1 4,3 10,2 32,4 22,8 6,5 100,9 5,8 SARDINIA 152,2 31,7 90,6 195,9 803,1 277,8 82,1 1.633,3 5,5

NORTH-WEST 451,3 985,7 2.178,7 1.883,4 1.167,1 1.738,5 311,5 8.716,1 1,9 NORTH-EAST 657,2 304,9 1.416,6 1.210,6 3.018,4 726,6 373,7 7.708,2 2,4 CENTRE 603,0 605,1 1.305,4 1.844,3 4.030,9 1.549,2 1.039,8 10.977,9 3,6 SOUTH AND ISLANDS 1.435,4 444,4 1.015,5 1.995,1 4.716,6 3.618,2 858,3 14.083,6 4,4

ITALY 3.146,9 2.340,1 5.916,4 6.933,4 12.933,1 7.632,6 2.583,3 41.485,7 3,0

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Unioncamere

PAGE 85 Economic Survey of North Sardinia 2014

Economic Survey of North Sardinia 2014

CHAPTER 9 TRASPORTATION

PAGE 86 Economic Survey of North Sardinia 2014

1a. OPERATING ENTERPRISES BY MUNICIPALITY - TRANSPORTATION AND STORAGE - YEAR 2013

PROVINCE OF SASSARI Postal and courier Municipality Land transport Water transport Air transport Storage Total Var. % 13/12 activities ALGHERO 92 2 1 15 5 115 -5,74% ANELA 1 0 0 0 0 1 0,00% ARDARA 4 0 0 0 0 4 0,00% BANARI 3 0 0 1 0 4 0,00% BENETUTTI 2 0 0 0 0 2 0,00% BESSUDE 0 0 0 0 0 0 0,00% BONNANARO 2 0 0 0 0 2 0,00% BONO 4 0 0 0 0 4 33,33% BONORVA 6 0 0 0 0 6 0,00% BORUTTA 1 0 0 0 0 1 -50,00% BOTTIDDA 0 0 0 0 0 0 0,00% BULTEI 1 0 0 0 0 1 0,00% BULZI 2 0 0 0 0 2 0,00% BURGOS 1 0 0 0 0 1 0,00% CARGEGHE 2 0 0 0 0 2 0,00% CASTELSARDO 7 0 0 2 0 9 -40,00% CHEREMULE 3 0 0 0 0 3 0,00% CHIARAMONTI 5 0 0 0 0 5 0,00% CODRONGIANOS 0 0 0 1 0 1 0,00% COSSOINE 5 0 0 0 0 5 0,00% ERULA 1 0 0 0 0 1 0,00% ESPORLATU 0 0 0 0 0 0 0,00% FLORINAS 4 0 0 0 0 4 0,00% GIAVE 2 0 0 0 0 2 0,00% ILLORAI 1 0 0 0 0 1 -50,00% ITTIREDDU 2 0 0 0 0 2 0,00% ITTIRI 20 0 0 1 1 22 -4,35% LAERRU 3 0 0 0 0 3 50,00% MARA 5 0 0 0 0 5 0,00% MARTIS 2 0 0 0 0 2 0,00% 0 0 0 0 0 0 0,00% MORES 4 0 0 0 0 4 33,33% MUROS 2 0 0 1 0 3 0,00%

PAGE 87 Economic Survey of North Sardinia 2014

PROVINCE OF SASSARI Postal and courier Municipality Land transport Water transport Air transport Storage Total Var. % 13/12 activities NUGHEDU SAN NICOLO' 5 0 0 0 0 5 0,00% NULE 4 0 0 0 0 4 0,00% NULVI 2 0 0 0 0 2 0,00% OLMEDO 7 0 0 0 0 7 0,00% OSILO 4 0 0 0 0 4 -20,00% OSSI 10 0 0 0 1 11 -8,33% OZIERI 17 0 0 2 1 20 0,00% PADRIA 1 0 0 0 0 1 -66,67% PATTADA 6 0 0 0 0 6 0,00% PERFUGAS 2 0 0 0 0 2 0,00% PLOAGHE 6 0 0 0 1 7 16,67% PORTO TORRES 38 2 0 30 2 72 -2,70% POZZOMAGGIORE 6 0 0 0 0 6 0,00% PUTIFIGARI 1 0 0 0 0 1 0,00% ROMANA 2 0 0 0 0 2 0,00% 1 0 0 0 0 1 -50,00% SASSARI 275 6 0 38 23 342 -2,56% SEDINI 1 0 0 0 0 1 0,00% SEMESTENE 0 0 0 0 0 0 0,00% SENNORI 6 0 0 0 0 6 0,00% SILIGO 1 0 0 0 0 1 0,00% SORSO 22 0 0 2 1 25 8,70% STINTINO 4 4 0 5 0 13 18,18% TERGU 1 0 0 0 0 1 0,00% THIESI 17 0 0 0 0 17 0,00% TISSI 4 0 0 0 0 4 -20,00% TORRALBA 6 0 0 0 0 6 20,00% TULA 5 0 0 0 0 5 0,00% URI 2 0 0 0 0 2 -33,33% USINI 3 0 0 0 1 4 -42,86% VALLEDORIA 9 0 0 1 0 10 0,00% VIDDALBA 5 0 0 0 0 5 -16,67% 2 0 0 0 0 2 0,00% TOTAL 662 14 1 99 36 812 -3,45%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 88 Economic Survey of North Sardinia 2014

1b. OPERATING ENTERPRISES BY MUNICIPALITY - TRANSPORTATION AND STORAGE - YEAR 2013

PROVINCE OF OLBIA-TEMPIO Postal and courier Municipality Land transport Water transport Air transport Storage Total Var. % 13/12 activities AGGIUS 2 0 0 0 0 2 0,00% AGLIENTU 2 0 0 1 0 3 50,00% ALÀ DEI SARDI 1 0 0 0 0 1 0,00% ARZACHENA 68 4 0 25 1 98 2,08% BADESI 8 0 0 2 0 10 0,00% BERCHIDDA 10 0 0 0 0 10 0,00% BORTIGIADAS 1 0 0 1 0 2 0,00% BUDDUSÒ 37 0 0 0 0 37 -5,13% BUDONI 18 3 0 9 1 31 14,81% CALANGIANUS 20 0 0 1 0 21 5,00% GOLFO ARANCI 4 0 0 4 0 8 0,00% LA MADDALENA 17 15 0 23 1 56 -5,08% LOIRI PORTO SAN PAOLO 10 2 0 1 0 13 8,33% LUOGOSANTO 2 0 0 1 0 3 0,00% LURAS 5 0 0 0 0 5 0,00% MONTI 6 0 0 1 0 7 40,00% OLBIA 191 9 2 64 4 270 -6,25% OSCHIRI 3 0 0 0 0 3 0,00% PADRU 3 0 0 1 0 4 0,00% PALAU 14 5 0 10 0 29 -3,33% SAN TEODORO 12 2 0 5 0 19 5,56% SANTA TERESA GALLURA 21 6 0 7 1 35 6,06% SANT'ANTONIO DI GALLURA 2 0 0 0 0 2 0,00% TELTI 4 0 0 0 0 4 -20,00% TEMPIO PAUSANIA 30 0 0 0 1 31 -6,06% TRINITÀ D'AGULTU E VIGNOLA 3 1 0 3 0 7 0,00% TOTAL 494 47 2 159 9 711 -1,80% TOTAL NORTH SARDINIA 1.156 61 3 258 45 1.523 -2,68% TOTAL SARDINIA 3.503 130 5 620 148 4.406 -2,46%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 89 Economic Survey of North Sardinia 2014

2a. AIR TRAFFIC - YEAR 2013 ALGHERO AIRPORT AIRCRAFT MOVEMENTS PASSENGERS CARGO (t) (landing and take-off of an aircraft) (enplaned and deplaned) (loaded and unloaded)

TOT. GEN. TOT. GEN. AIR AIR DOM. INT. EU TOTAL DOM. INT. EU TRANSIT TOTAL MAIL TOTAL COMM. AVIAT. COMM. AVIAT. FREIGHT WAYBILL 2012 9.666 3.958 3.748 13.624 672 14.296 993.629 518.705 496.045 5.503 1.517.837 1.033 1.518.870 1.635 0 0 1.635 2013 8.756 4.340 4.151 13.096 686 13.782 980.005 568.999 547.116 14.016 1.563.020 888 1.563.908 34 0 0 34

VAR% -9,41% 9,65% 10,75% -3,88% 2,08% -3,60% -1,37% 9,70% 10,30% 154,70% 2,98% -14,04% 2,97% -97,95% 0,00% 0,00% -97,92% 13/12 Air traffic per month Passengers in 2013

70.095 January 75.971 63.142 February 60.446 85.233 March 87.740 129.492 April 129.832 143.175 International May 135.698 178.768 37% June 165.120 215.224 July 199.599 224.562 August 210.116 September 176.386 168.251 Domestic 128.202 63% October 125.498 74.294 November 75.154 75.335 December 85.445

Passengers 2013 Passengers 2012

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on data Sogeaal Alghero

PAGE 90 Economic Survey of North Sardinia 2014

2b. AIR TRAFFIC YEAR 2013 OLBIA AIRPORT

AIRCRAFT MOVEMENTS PASSENGERS CARGO (t) (landing and take-off of an aircraft) (enplaned and deplaned) (loaded and unloaded)

TOT. GEN. TOT. GEN. AIR AIR DOM. INT. EU TOTAL DOM. INT. EU TRANSIT TOTAL MAIL TOTAL COMM. AVIAT. COMM. AVIAT. FREIGHT WAYBILL 2012 11.545 6.019 5.662 17.564 10.368 27.932 1.159.310 700.930 667.249 5.965 1.866.205 21.435 1.887.640 136 0 0 136 2013 10.967 6.899 6.694 17.866 9.710 27.576 1.155.041 795.574 755.670 58 1.950.673 21.596 1.972.269 284 0 0 284

VAR% -5,01% 14,62% 18,23% 1,72% -6,35% -1,27% -0,37% 13,50% 13,25% -99,03% 4,53% 0,75% 4,48% 108,82% 0,00% 0,00% 108,82% 13/12

Air traffic per month Passengers in 2013 37.735 January 40.809 35.877 February 34.525 47.559 March 48.481 85.107 April 94.049 Internazional 158.577 May 149.256 275.141 June 257.996 384.263 July 367.612 452.902 August 424.188 Domestic 273.073 59% September 263.683 121.614 October 112.756 48.344 November 47.394 52.077 December 46.892 Passengers 2013 Passengers 2012

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on data Assaeroporti

PAGE 91 Economic Survey of North Sardinia 2014

3. AIRPORT PASSENGERS MOVEMENT - YEAR 2013 ALGHERO AIRPORT - NUMBER OF PASSENGERS

1.200.000 1.023.458 993.629 980.005 943.701 920.339 1.000.000 818.944 714.325 800.000

600.000 583.097 568.999 400.000 559.935 559.879 518.705 464.601 487.709 200.000

0 2007 2008 2009 2010 2011 2012 2013

Domestic International

OLBIA AIRPORT - NUMBER OF PASSENGERS 1.400.000 1.201.873 1.160.410 1.155.041 1.134.045 1.135.796 1.099.777 1.200.000 1.060.538

1.000.000 795.574 700.665 800.000 607.075 603.823 623.707 522.168 533.337 600.000 400.000 200.000 0 2007 2008 2009 2010 2011 2012 2013

Domestic International

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on data Sogeaal Alghero and Assaeroporti

PAGE 92 Economic Survey of North Sardinia 2014

4a. MARINE TRAFFIC - YEAR 2013 PORTO TORRES HARBOUR

VESSELS PASSENGERS RO-RO FREIGHT LIQUID BULK CARS ARRIVALS DEPARTURES Arrivals Departures Arrivals Departures Arrivals Departures Arrivals Departures Ro-Pax Ship Cargo ship Ro-Pax ship Cargo ship 2012 867 181 868 179 400.667 370.982 580.311 586.806 641.647 33.520 129.100 121.307 2013 731 187 731 184 345.710 332.534 587.106 560.802 545.484 19.026 113.038 110.087 Var. % 2013- 2012 -15,69% 3,31% -15,78% 2,79% -13,72% -10,36% 1,17% -4,43% -14,99% -43,24% -12,44% -9,25%

Passengers flow Passengers flow (arrivals and departures) 600.000 250.000

500.000 200.000

400.000 150.000

300.000 100.000

200.000 50.000

100.000 0

0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

ARRIVALS DEPARTURES 2008 2012 2013

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on data Autorità Portuale del Nord Sardegna

PAGE 93 Economic Survey of North Sardinia 2014

4b. MARINE TRAFFIC - YEAR 2013 OLBIA HARBOUR

LINERS PASSENGERS FREIGHT CARS + CAMPERS COMMERCIAL VEHICLES Arrivals Departures Arrivals Departures Arrivals Departures Arrivals Departures Arrivals Departures

2012 2.948 2.949 1.254.758 1.261.221 2.880.560 2.452.208 404.227 399.556 141.521 134.832 2013 2.430 2.430 1.142.125 1.162.353 2.232.726 1.643.524 374.152 369.928 115.414 106.397 Var. % 2013- 2012 -17,57% -17,60% -8,98% -7,84% -22,49% -32,98% -7,44% -7,42% -18,45% -21,09%

Passengers flow Passengers flow (arrivals and departures) 2.500.000 1.200.000

1.000.000 2.000.000 800.000

1.500.000 600.000

400.000 1.000.000

200.000 500.000 0

0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Arrivals Departures 2008 2012 2013

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on data Autorità Portuale del Nord Sardegna

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4c. MARINE TRAFFIC - YEAR 2013 GOLFO ARANCI HARBOUR

LINERS PASSENGERS CARS + CAMPERS COMMERCIAL VEHICLES RAILCARS ARRIVALS DEPARTURES ARRIVALS DEPARTURES ARRIVALS DEPARTURES ARRIVALS DEPARTURES ARRIVALS DEPARTURES

2012 345 344 207.704 202.733 69.698 67.339 4.520 4.332 100 62 2013 499 500 236.226 235.048 77.221 76.898 7.621 7.260 37 74 Var. % 2013- 2012 44,64% 45,35% 13,73% 15,94% 10,79% 14,20% 68,61% 67,59% -63,00% 19,35%

Passengers flow Passengers flow (arrivals and departures) 600.000 300.000

500.000 250.000

200.000 400.000

150.000 300.000 100.000 200.000 50.000

100.000 0

0 2006 2007 2008 2009 2010 2011 2012 2013

ARRIVALS DEPARTURES 2008 2012 2013

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on data Autorità Portuale del Nord Sardegna

PAGE 95 Economic Survey of North Sardinia 2014

TOURISM AND TRANSPORTS

The positive percent variation of 2013 on 2012 of enterprises operating in accommodation and food service activities (tables 1a and 1b) –in both North Sardinia and in the all Island – confirms the relevance of the tourism industry in the Region. However, by comparing the number of hotels and other collective accommodation establishments (tables 2a-2b e 3a-3b) located in the municipalities of the provinces of Sassari and Olbia- Tempio and the number of enterprises operating in accommodation and food service activities (tables 1a and 1b), it is quite evident that Sardinia lacks the culture and attitude for doing business. Indeed, according to ISTAT database, in North Sardinia there are more than 1.800 accommodation facilities, but only 443 enterprises operating in the accommodation service activities (registered 518), excluding those in the food (sub)sector. This implicates that many businesses operating in the accommodation service activities have many local units in the area of North Sardinia, but they have set up their headquarter in another territory. This consideration is valid also for the whole Region, where, according to ISTAT, there are more than 4.200 accommodation establishments, but only 1.098 operating enterprises (1.223 registered) in accommodation service activities. In order to point out how the beauty of an uncontaminated territory can contribute to its economic growth, this year we have decided to include in our study a few charts (6a-6b-6c) regarding the analysis of blue economy. Indeed, the Value Added of accommodation and food service activities accounts for 125,7 in the province of Sassari and 300,1 in the province Olbia-Tempio (table 6b). The “blue economy” impact on total economy (chart 6b) is definitely higher in the province of Olbia-Tempio (13,8%) than in the province of Sassari (4,5%), Sardinia (5,5%) and Italy (3,0%). Blue economy has a positive influence also on the employment of the area (table 6c), with a percentage impact on total economy of 15,5% in the province of Olbia-Tempio, 6,1% in the province of Sassari and 7,5% at regional level; as we can see, these figures are definitely higher than the national one (3,3%). Most of the accommodation facilities and most of the enterprises operating in accommodation and food service activities (charts 1-2-3) are located in the province of Sassari (51% and 54% respectively), although we should consider that the province of Olbia-Tempio includes only 26 municipalities (compared to the 66 of the province of Sassari), highlighting therefore the relevance of tourism in the Gallura area, due to the presence of Costa Smeralda. The data referred to occupancy in tourist accommodation establishments (table 4) and marine and air traffic in North Sardinia (tables 2a-2b 4a-4b-4c) show clearly higher figures in the north-east territory. The decrease of the domestic demand is confirmed by the

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figures concerning tourists arrivals and nights spent and by the data showing passengers flow in the airports: indeed, in both cases, a drop of Italians and a rise of foreigners have been registered. However, in 2013 foreign travelers expenditure has declined by 3,63% in Sardinia and by 16,54% in the province of Olbia-Tempio, whereas Sassari has recorded 3,40% growth, that overtakes also the Italian one (+3,14%). In Sardinia, foreign travelers expenditure is concentrated in the provinces of North Sardinia (Sassari and Olbia-Tempio together account for 45%) and Cagliari (40%). With regard to transportation, air traffic continues to grow, whereas the expensive ferry fares have affected – also in 2013 – marine traffic, which do not cease to decrease in all the ports of North Sardinia, with the only exception of Golfo Aranci. The data concerning passengers flow – both in ports and airports – underline the seasonality of tourism (concentrated in the summer months) in North Sardinia, owing not only to the greater attractiveness of seaside tourism, but also to the cancellation of numerous airline routes during the autumn and winter months. Indeed, in order to fully benefit from tourism, it is necessary not only to recover Italians arrivals and nights spent – which have conspicuously dropped in the recent years – but also connecting other different types of activities (such as agribusiness, maritime sector, etc...) to tourism. Furthermore, it is crucial to develop infrastructure, which is definitely inadequate – both in terms of internal connections and to and from the Island – and contributes to the isolation of Sardinia.

GLOSSARY Hotel: includes the provision of accommodation, typically on a daily or weekly basis, principally for short stays by visitors. This includes the provision of furnished accommodation in guest rooms and suites. Services include daily cleaning and bed-making. A range of additional services may be provided such as food and beverage services, parking, laundry services, swimming pools and exercise rooms, recreational facilities as well as conference and convention facilities. They are rated in five categories, from 1 to 5 stars, according to their level of comfort, their equipment and their services. Hotel tourism-residences: is a classified commercial accommodation establishment that comprises a homogenous set of furnished rooms or apartments set out in collective blocks or pavilions, hired out for occupation on a daily, weekly or monthly basis by tourists who do not elect domicile there. The accommodation units in residences must be equipped with a kitchen or kitchen area. Farmhouses: accommodation given by farmers to tourists on a working farm.

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Tourist camp-site: accommodation in campgrounds, trailer parks, recreational camps and fishing and hunting camps for short stay visitors. It includes also provision of space and facilities for recreational vehicles and accommodation provided by protective shelters or plain bivouac facilities for placing tents and/or sleeping bags. Holiday village: a set of buildings, usually villas and bungalows, located in a well delimited area, that provide services like lodging, dining and a wide range of additional tourist amenities (leisure, sports, cultural activities). Tourist camp-sites and holiday villages: accommodation for which it is not possible to identify the category of tourist camp-site or holiday village. Holiday dwellings (rented): private rental tourist accommodation, such as holiday homes and flats, room rentals, residences and inns. Youth hostel: a place providing cheap accommodation, aimed mainly at young people. Holiday homes: accommodation establishments usually run by public entities and non-profit organisations. They include provision of accommodation in student residences, school dormitories, summer camps, guest houses, religious homes, community centres. Bed and breakfast: sleeping accommodation for a night and a meal in the morning, provided in guest houses. Arrival: a tourist who arrives at a tourist accommodation establishment (rented accommodation) or at a non-rented accommodation. Night-spent: each night a guest / tourist (resident or non-resident) actually spends (sleeps or stays) in a tourist accommodation establishment or non-rented accommodation. Foreign travelers expenditure: refers to the amount paid for the acquisition of consumption goods and services, as well as valuables, for own use or to give away, for and during tourism trips. Besides, it includes expenditure by seasonal workers, cross-border commuters and international students. Expenditure is broken down according to means of payment used and time when payment was made (pre-paid or at place of stay).

Statistical classification of marine economic activities:

Sector Ateco 2007 Description Code Fishing 3.11.00 Marine fishing

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3.21.00 Marine aquaculture

10.20.0 Processing and preserving of fish, crustaceans and molluscs 10.41.03 Manufacture of oils and fats 10.85.0 Manufacture of prepared meals and dishes 32.12.2 Manufacture of gems 46.38.1 Wholesale of fresh fish, crustaceans and molluscs 46.38.2 Wholesale of frozen fish, crustaceans and molluscs 46.38.3 Wholesale of ready meals 47.23.0 Retail sale of fish, crustaceans and molluscs in specialised stores 47.81.0 Retail sale via stalls and markets of food products and beverages 06.10.0 Extraction of crude petroleum 06.20.0 Extraction of natural gas 07.10.0 Mining of iron ores Marine mining 07.29.0 Mining of other non-ferrous metal ores 08.12.0 Operation of gravel and sand pits; mining of clays and kaolin 08.93.0 Extraction of salt 26.51.1 Manufacture of instruments and appliances for navigation, hydrology, geophysics and meteorology 26.70.1 Manufacture of optical instruments 30.11.0 Boatyard 30.12.0 Building of pleasure and sporting boats Shipbuilding 33.15.0 Repair and maintenance of ships and boats 33.20.0 Installation of industrial machinery and equipment 38.31.2 Dismantling of boats 46.14.0 Agents involved in the sale of machinery, industrial equipment, ships, aircraft, agricultural machinery, office machinery and computers 46.69.1 Wholesale of transport machinery and equipment

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46.69.9 Wholesale of machinery and equipment for industry, trade and navigation 47.64.2 Retail trade of watercrafts 50.10.0 Sea and coastal passenger water transport 50.20.0 Sea and coastal freight water transport 50.30.0 Inland passenger water transport 50.40.0 Sea and inland Inland freight water transport passenger and 52.22.0 Service activities incidental to water transportation freight water 52.24.2 Cargo handling for water transport transport 52.29.1 Shipping and customs agencies 52.29.2 Transportation brokers 65.12.0 Non-life insurance 77.34.0 Renting and leasing of water transport equipment 55.10.0 Hotels 55.20.1 Holiday villages 55.20.2 Youth hostels 55.20.4 Seaside summer camps and mountain refuges Accommodation and food service 55.20.5 Holiday dwellings (rented), holiday homes, bed and breakfast, tourist residences, farmhouses activities 55.30.0 Camping grounds, recreational vehicle parks and trailer parks Accommodation in single or shared rooms or dormitories for students, migrant (seasonal) workers and 55.90.2 other individuals 56.10.1 Meal serving services with full restaurant service 56.10.5 Meal serving services in railway dining cars and on ships 72.11.0 Research and experimental development on biotechnology Research, 72.19.0 regulation and Other research and experimental development on natural sciences and engineering environmental 84.12.3 Regulation of the administrative activities of housing programmes and environmental protection protection programmes 84.13.5 Regulation of infrastructure related to water transport

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84.13.6 Regulation of transport and communication 84.22.0 Defence activities 85.32.0 Technical and vocational secondary education 85.53.0 Sailing and shipping schools 94.99.6 Activities of enviromental and ecological organisations 77.21.0 Renting and leasing of recreational and sports goods 79.11.0 Travel agency activities 79.12.0 Tour operator activities 79.90.1 Other reservation service and related activities 79.90.2 Activities of tourist guides 93.12.0 Activities of sport clubs Sports and 93.19.1 recreation Activities of producers or promoters of sports events activities 93.19.9 Other sports activities n.e.c. 93.21.0 Activities of amusement parks and theme parks 93.29.1 Disco-clubs, dance floors, night-clubs and similar Activities of beaches, lagoon and river resorts, including renting of facilities such as bathhouses, 93.29.2 lockers, chairs etc. 93.29.3 Billiard rooms and activities of coin-operated games 93.29.9 Other amusement and recreation activities n.e.c.

Movements: number of aircrafts arriving and departing. Passengers: number of passengers arriving and departing. Cargo: all articles, goods, materials, merchandise, or wares carried onboard an aircraft, ship, train, or truck, and for which an air waybill, or bill of lading, or other receipt is issued by the carrier. Transit passengers: a passenger who arrives at and departs from a reporting airport on the same aircraft which is transiting the airport. Commercial aviation: any use of an aircraft in the business of transporting persons or property for compensation or hire by air. General aviation: flight activities not involving commercial air transportation or aerial work.

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Air freight: cargo transported by aircraft. Air waybill: The document made out by or on behalf of the shipper which, when used, evidences the contract between the shipper and carrier(s) for carriage of goods over routes of the carrier(s). Ro-pax ship (Roll on/Roll Off passengers): describes a RORO vessel built for freight vehicle transport along with passenger accommodation. Liner: a ship designed to transport people from one seaport to another along regular long-distance maritime routes according to a schedule. Ro-ro freight: shipping of wheeled cargo, which is driven on and off the vessel. Bulk: dry (such as grain, coal, minerals) or liquid (such as wine, milk, oil) bulk.

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Economic Survey of North Sardinia 2014

CHAPTER 10 SERVICES

PAGE 103 Economic Survey of North Sardinia 2014

1. BUSINESS DYNAMICS IN SERVICE ATIVITIES - YEAR 2013 PROVINCE OF SASSARI PROVINCE OF OLBIA-TEMPIO Registered Operating Start-ups Shutdowns* Balance Growth Registered Operating Start-ups Shutdowns* Balance Growth rate rate Financial and insurance activities 523 473 58 33 25 5,07% 204 189 26 18 8 4,12% Real estate activities 558 460 57 19 38 7,66% 773 597 71 27 44 6,32% Professional, scientific and technical activities 628 502 20 46 335 273 23 17 -26 -4,09% 6 1,88% Adiministrative and support service activities 944 840 45 57 889 811 53 60 -12 -1,31% -7 -0,82% Public administration and defence compulsory social 1 0 0 0 0 0,00% 1 0 0 0 0 0,00% security Education 139 121 8 7 1 0,72% 74 62 0 9 -9 -12,16% Human health and social work activities 224 183 3 10 -7 -3,15% 95 77 1 1 0 0,00% Arts, entertainment and recreation 451 359 17 21 -4 -0,93% 232 186 7 17 -10 -4,37% Other service activities 1.225 1.152 51 74 -23 -1,90% 624 591 33 39 -6 -0,96% Activities of households as employers, etc… 0 0 0 0 0 0,00% 1 0 0 0 0 0,00% Non classified activities 1.629 10 724 82 642 40,07% 1.479 15 500 64 436 29,28% Total 6.322 4.100 983 349 634 10,31% 4.707 2.801 714 252 462 10,11% NORTH SARDINIA SARDINIA Registered Operating Start-ups Shutdowns* Balance Growth Registered Operating Startups Shutdowns* Balance Growth rate rate Financial and insurance activities 727 662 84 51 33 4,80% 2.214 2.085 211 163 48 2,22% Real estate activities 1.331 1.057 128 46 82 6,88% 2.721 2.336 196 106 90 3,55% Professional, scientific and technical activities 963 775 43 63 3.224 2.850 129 210 -2,50% -20 -2,09% -81 Adiministrative and support service activities 1.833 1.651 98 117 4.665 4.234 203 296 -2,01% -19 -1,07% -93 Public administration and defence compulsory social 2 0 0 0 3 0 0 0 0,00% security 0 0,00% 0 Education 213 183 8 16 -8 -3,77% 689 637 19 38 -19 -2,73% Human health and social work activities 319 260 4 11 -7 -2,24% 1.086 942 10 37 -27 -2,55% Arts, entertainment and recreation 683 545 24 38 -14 -2,12% 1.574 1.351 53 82 -29 -1,89% Other service activities 1.849 1.743 84 113 -29 -1,58% 5.274 5.089 202 288 -86 -1,64% Activities of households as employers, etc… 1 0 0 0 0 0,00% 1 0 0 0 0 0,00% Non classified activities 3.108 25 1.224 146 1.078 34,88% 11.300 65 3.550 529 3.021 26,91% Total 11.029 6.901 1.697 601 1.096 10,23% 32.751 19.589 4.573 1.749 2.824 8,74% *Ex officio excluded Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

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2.a OPERATING ENTERPRISES BY MUNICIPALITY - SERVICE ACTIVITIES - YEAR 2013

PROVINCE OF SASSARI Financial Professional, Administrative Human Arts, Other Non and Real estate scientific and and support health and Var. % Municipality Education entertainment service classified Total insurance activities technical service social work 13/12 and recreation activities activities activities activities activities activities ALGHERO 46 71 77 133 20 18 70 167 0 602 5,43% ANELA 0 0 0 0 0 1 0 1 0 2 0,00% ARDARA 1 0 0 2 0 0 0 0 0 3 -40,00% BANARI 1 0 0 1 0 0 0 0 0 2 0,00% BENETUTTI 4 0 0 2 0 0 0 5 0 11 0,00% BESSUDE 0 0 0 1 0 1 0 1 0 3 0,00% BONNANARO 2 0 1 2 0 0 0 1 0 6 -14,29% BONO 1 2 6 3 1 2 0 8 0 23 9,52% BONORVA 1 1 3 4 0 0 1 10 0 20 0,00% BORUTTA 1 0 1 2 0 0 0 0 0 4 0,00% BOTTIDDA 0 0 0 0 0 0 0 0 1 1 0,00% BULTEI 0 0 0 0 0 0 0 3 0 3 0,00% BULZI 0 0 0 1 0 0 0 1 0 2 0,00% BURGOS 0 0 0 2 0 0 0 3 0 5 -16,67% CARGEGHE 0 0 0 0 1 0 1 1 0 3 -25,00% CASTELSARDO 3 7 9 14 2 2 7 21 0 65 8,33% CHEREMULE 1 0 0 1 0 0 0 0 0 2 0,00% CHIARAMONTI 1 0 1 2 0 1 1 4 0 10 -9,09% CODRONGIANOS 2 1 0 3 0 0 0 3 0 9 -10,00% COSSOINE 0 0 1 3 0 0 1 1 0 6 20,00% ERULA 0 0 0 1 0 1 0 0 0 2 -33,33% ESPORLATU 1 0 0 2 0 0 0 0 0 3 0,00% FLORINAS 0 0 2 1 0 0 1 2 0 6 0,00% GIAVE 0 0 0 1 0 0 0 1 0 2 -33,33% ILLORAI 0 0 0 0 0 0 0 0 0 0 0,00% ITTIREDDU 0 0 0 0 0 0 0 0 0 0 0,00% ITTIRI 10 0 3 4 1 6 5 17 0 46 4,55% LAERRU 2 1 0 0 0 0 1 1 0 5 -16,67% MARA 0 0 0 0 0 0 1 0 0 1 -50,00% MARTIS 0 0 0 1 0 0 0 2 0 3 -25,00% MONTELEONE ROCCA DORIA 0 0 0 0 0 0 0 0 0 0 0,00%

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PROVINCE OF SASSARI Financial Professional, Administrative Human Arts, Other Non and Real estate scientific and and support health and Var. % Municipality Education entertainment service classified Total insurance activities technical service social work 13/12 and recreation activities activities activities activities activities activities MORES 1 0 1 0 0 1 3 4 0 10 0,00% MUROS 1 1 0 1 0 0 0 5 0 8 33,33% NUGHEDU SAN NICOLÒ 0 1 1 0 0 0 0 1 0 3 -25,00% NULE 1 0 0 0 0 0 0 8 0 9 0,00% NULVI 2 1 0 1 1 0 0 6 0 11 -15,38% OLMEDO 0 3 1 8 1 2 4 15 1 35 -2,78% OSILO 1 1 1 3 1 1 1 13 0 22 0,00% OSSI 1 3 2 9 1 3 1 15 1 36 12,50% OZIERI 18 4 13 17 3 7 16 27 0 105 0,96% PADRIA 0 0 0 0 0 0 0 3 0 3 -40,00% PATTADA 2 1 3 10 0 1 0 6 0 23 -8,00% PERFUGAS 3 0 4 1 0 1 3 9 0 21 -8,70% PLOAGHE 5 2 4 5 2 0 4 17 2 41 10,81% PORTO TORRES 27 29 39 62 6 14 16 75 0 268 3,47% POZZOMAGGIORE 3 1 2 3 1 1 0 11 0 22 0,00% PUTIFIGARI 0 0 0 0 0 0 0 1 0 1 100,00% ROMANA 0 0 0 0 0 0 0 0 0 0 0,00% SANTA MARIA COGHINAS 4 3 0 3 0 0 1 7 0 18 20,00% SASSARI 289 295 305 447 72 96 181 556 4 2.245 2,98% SEDINI 1 1 0 2 0 1 2 5 0 12 0,00% SEMESTENE 0 0 0 0 0 1 0 0 0 1 0,00% SENNORI 4 3 3 6 1 2 3 12 0 34 3,03% SILIGO 0 0 0 2 0 0 0 2 0 4 0,00% SORSO 7 4 3 17 2 9 14 31 0 87 0,00% STINTINO 1 6 2 18 2 0 2 4 0 35 -2,78% TERGU 0 0 1 1 0 1 1 0 0 4 33,33% THIESI 5 0 3 3 1 1 2 8 1 24 20,00% TISSI 4 0 5 4 0 0 2 5 0 20 25,00% TORRALBA 0 0 1 1 0 2 1 1 0 6 0,00% TULA 0 0 0 1 0 0 1 6 0 8 0,00% URI 2 1 0 5 0 0 2 9 0 19 -5,00% USINI 6 1 0 5 1 0 0 8 0 21 0,00% VALLEDORIA 7 14 4 15 1 6 7 17 0 71 1,43% VIDDALBA 0 2 0 2 0 0 1 7 0 12 33,33% VILLANOVA MONTELEONE 1 0 0 2 0 1 2 5 0 11 -8,33% TOTAL 473 460 502 840 121 183 359 1.152 10 4.100 2,99%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 106 Economic Survey of North Sardinia 2014

2.b OPERATING ENTERPRISES BY MUNICIPALITY - SERVICE ACTIVITIES - YEAR 2013

PROVINCE OF OLBIA-TEMPIO Professional, Human Financial and Administrative Arts, Other Non Real estate scientific and health and Var. % Municipality insurance and support Education entertainment service classified Total activities technical social work 13/12 activities service activities and recreation activities activities activities activities AGGIUS 1 2 0 2 0 1 4 1 0 11 -8,33% AGLIENTU 0 4 0 6 0 0 0 0 1 11 22,22% ALA' DEI SARDI 0 0 1 2 0 0 0 1 0 4 0,00% ARZACHENA 14 114 23 145 8 7 20 64 0 395 3,67% BADESI 0 9 2 9 1 0 2 7 0 30 7,14% BERCHIDDA 1 1 2 5 0 0 3 13 0 25 8,70% BORTIGIADAS 2 0 0 0 0 1 0 0 0 3 50,00% BUDDUSO' 4 1 4 5 2 2 1 11 0 30 0,00% BUDONI 3 15 6 22 0 2 4 16 0 68 0,00% CALANGIANUS 5 3 5 5 2 1 1 15 1 38 5,56% GOLFO ARANCI 3 5 2 18 1 0 5 7 0 41 0,00% LA MADDALENA 10 24 15 61 7 5 9 44 1 176 5,39% LOIRI PORTO SAN PAOLO 0 9 4 18 1 0 4 7 0 43 4,88% LUOGOSANTO 1 4 2 7 0 0 2 4 0 20 0,00% LURAS 0 0 1 6 1 0 1 6 0 15 -11,76% MONTI 0 2 2 0 0 1 1 8 0 14 -6,67% OLBIA 112 263 137 300 26 37 69 257 3 1.204 4,97% OSCHIRI 1 1 4 5 1 1 2 5 1 21 5,00% PADRU 1 3 2 2 1 2 1 2 0 14 40,00% PALAU 3 29 10 37 3 3 11 18 1 115 -3,36% SAN TEODORO 3 26 14 45 2 2 10 21 1 124 3,33% SANTA TERESA GALLURA 2 38 10 43 3 1 11 14 0 122 6,09% SANT'ANTONIO DI GALLURA 0 1 1 7 0 1 0 4 1 15 7,14% TELTI 0 2 1 4 0 1 7 4 0 19 -9,52% TEMPIO PAUSANIA 22 23 22 40 3 8 16 55 4 193 3,76% TRINITA' D'AGULTU E VIGNOLA 1 18 3 17 0 1 2 7 1 50 4,17% Total 189 597 273 811 62 77 186 591 15 2.801 3,97%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Infocamere Stockview

PAGE 107 Economic Survey of North Sardinia 2014

Economic Survey of North Sardinia 2014

CHAPTER 11 FOREIGN TRADE CONOMICO DEL

PAGE 108 Economic Survey of North Sardinia 2014

1. FOREIGN TRADE (VALUES IN EURO AND % VARIATIONS)

Exports VAR. % Territory 2011 2012 2013* 2012/2011 2013/2012* Sassari 210.935.316 165.964.472 162.249.993 -21,3% -2,2% Olbia-Tempio 38.415.600 40.272.662 37.549.756 4,8% -6,8% North Sardinia 249.350.916 206.237.134 199.799.749 -17,3% -3,1% Cagliari 4.811.159.541 5.938.529.501 4.999.998.261 23,4% -15,8% Oristano 28.308.046 39.028.202 41.214.624 37,9% 5,6% Nuoro 115.340.173 120.369.067 96.395.628 4,4% -19,9% Ogliastra 32.567.317 30.576.105 3.619.696 -6,1% -88,2% Medio Campidano 179.653 461.255 374.236 156,7% -18,9% Carbonia-Iglesias 31.952.722 46.503.847 51.017.328 45,5% 9,7% SARDINIA 5.268.858.368 6.381.705.111 5.392.419.522 21,1% -15,5% ITALY 375.903.831.853 390.182.091.869 389.854.168.017 3,8% -0,1%

Imports VAR. % Territory 2011 2012 2013* 2012/2011 2013/2012* Sassari 430.001.050 287.929.164 251.539.025 -33,0% -12,6% Olbia-Tempio 71.436.624 73.894.501 67.323.612 3,4% -8,9% North Sardinia 501.437.674 361.823.665 318.862.637 -27,8% -11,9% Cagliari 9.071.020.977 9.809.659.086 8.961.011.679 8,1% -8,7% Oristano 225.101.250 205.453.744 153.170.347 -8,7% -25,4% Nuoro 36.778.265 36.114.778 31.829.798 -1,8% -11,9% Ogliastra 14.042.289 19.615.267 10.039.995 39,7% -48,8% Medio Campidano 57.528 573.377 0 896,7% -100,0% Carbonia-Iglesias 189.908.443 226.253.353 202.691.796 19,1% -10,4% SARDINIA 10.038.346.426 10.659.493.270 9.677.606.252 6,2% -9,2% ITALY 401.427.714.083 380.292.480.869 359.454.457.724 -5,3% -5,5%

BALANCE Territory 2011 2012 2013* Sassari -219.065.734 -121.964.692 -89.289.032 Olbia-Tempio -33.021.024 -33.621.839 -29.773.856 North Sardinia -252.086.758 -155.586.531 -119.062.888 Cagliari -4.259.861.436 -3.871.129.585 -3.961.013.418 Oristano -196.793.204 -166.425.542 -111.955.723 Nuoro 78.561.908 84.254.289 64.565.830 Ogliastra 18.525.028 10.960.838 -6.420.299 Medio Campidano 122.125 -112.122 374.236 Carbonia-Iglesias -157.955.721 -179.749.506 -151.674.468 SARDINIA -4.769.488.058 -4.277.788.159 -4.285.186.730 ITALY -25.523.882.230 9.889.611.000 30.399.710.293

*Provisional data, subject to revision Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Istat

PAGE 109 Economic Survey of North Sardinia 2014

2. IMPORT-EXPORT BY GEOGRAPHIC AREA - YEAR 2013* (values in euro)

SASSARI OLBIA-TEMPIO SARDINIA IMPORT EXPORT BALANCE IMPORT EXPORT BALANCE IMPORT EXPORT BALANCE EUROPE 183.350.387 82.318.063 -101.032.324 35.605.601 27.616.410 -7.989.191 2.301.906.972 2.725.681.278 423.774.306 European Union 28 Countries 114.616.860 67.508.598 -47.108.262 34.637.128 25.195.256 -9.441.872 784.723.285 1.783.007.896 998.284.611 Other European countries non EU 68.733.527 14.809.465 -53.924.062 968.473 2.421.154 1.452.681 1.517.183.687 942.673.382 -574.510.305 AFRICA 26.702.041 2.292.512 -24.409.529 9.132.302 753.166 -8.379.136 3.190.515.409 1.162.928.314 -2.027.587.095 Northern Africa 20.678.620 1.185.328 -19.493.292 3.171.468 482.583 -2.688.885 2.377.668.441 1.128.128.117 -1.249.540.324 Other African countries 6.023.421 1.107.184 -4.916.237 5.960.834 270.583 -5.690.251 812.846.968 34.800.197 -778.046.771 AMERICA 18.876.729 70.924.959 52.048.230 5.339.072 7.718.364 2.379.292 345.520.791 270.429.216 -75.091.575 Northern America 2.279.946 60.443.547 58.163.601 2.907.970 6.676.366 3.768.396 98.302.326 129.261.072 30.958.746 Middle and South America 16.596.783 10.481.412 -6.115.371 2.431.102 1.041.998 -1.389.104 247.218.465 141.168.144 -106.050.321 ASIA 22.544.849 6.257.131 -16.287.718 17.238.858 1.305.335 -15.933.523 3.833.838.485 1.213.916.326 -2.619.922.159 Middle East 6.900.609 1.057.213 -5.843.396 11.660 369.950 358.290 3.357.227.873 1.080.400.889 -2.276.826.984 Central Asia 1.724.642 1.226.517 -498.125 140.886 153.589 12.703 377.477.351 27.172.540 -350.304.811 Eastern Asia 13.919.598 3.973.401 -9.946.197 17.086.312 781.796 -16.304.516 99.133.261 106.342.897 7.209.636 OCEANIA AND OTHER COUNTRIES 65.019 457.328 392.309 7.779 156.481 148.702 5.824.595 19.464.388 13.639.793

SASSARI OLBIA-TEMPIO SARDINIA IMPORT EXPORT BALANCE IMPORT EXPORT BALANCE IMPORT EXPORT BALANCE Total 2013 251.539.025 162.249.993 -89.289.032 67.323.612 37.549.756 -29.773.856 9.677.606.252 5.392.419.522 -4.285.186.730 Total 2012 287.929.164 165.964.472 -121.964.692 73.894.501 40.272.662 -33.621.839 10.659.493.270 6.381.705.111 -4.277.788.159 Total 2011 430.001.050 210.935.316 -219.065.734 71.436.624 38.415.600 -33.021.024 10.038.346.426 5.268.858.368 -4.769.488.058 Total 2010 347.493.949 201.343.387 -146.150.562 79.918.559 47.018.271 -32.900.288 7.985.757.773 5.273.557.932 -2.712.199.841

*Provisional data, subject to revision Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Istat

PAGE 110 Economic Survey of North Sardinia 2014

3. IMPORT-EXPORT BY ECONOMIC SECTOR - YEAR 2013* (values in Euro)

Sassari Olbia-Tempio Sardinia Import Export Balance Import Export Balance Import Export Balance

AGRICULTURE, FORESTRY AND FISHING 17.876.619 823.450 -17.053.169 5.253.509 873.396 -4.380.113 141.585.283 6.209.104 -135.376.179

MINING AND QUARRYING 96.406.632 7.633.606 -88.773.026 16.408 498.446 482.038 7.914.498.899 88.399.159 -7.826.099.740

MANUFACTURING 136.450.104 153.226.607 16.776.503 61.810.628 36.022.927 -25.787.701 1.612.392.496 5.283.840.502 3.671.448.006 Food products, beverages and tobacco 19.079.574 79.083.112 60.003.538 30.597.503 3.581.351 -27.016.152 145.731.134 167.780.038 22.048.904 Textiles, wearing apparel, leather and accessories 4.987.216 1.754.358 -3.232.858 4.026.928 3.383.091 -643.837 28.400.080 18.536.947 -9.863.133 Wood and products of wood, paper and printing 4.821.066 6.468.172 1.647.106 9.924.510 20.372.254 10.447.744 32.193.418 29.451.908 -2.741.510 Coke and refined petroleum products 39.850.232 63.969 -39.786.263 84.312 8.016 -76.296 841.987.358 4.543.193.671 3.701.206.313 Chemicals and chemicals products 23.819.839 33.677.751 9.857.912 1.572.755 606.649 -966.106 246.070.658 252.244.141 6.173.483 Pharmaceutical products, medicinal chemical and 3.883.261 60 -3.883.201 110.918 0 -110.918 14.262.830 1.295.083 -12.967.747 botanical produts Rubber and plastic products 4.205.546 4.909.208 703.662 1.603.219 2.243.862 640.643 36.879.239 25.529.213 -11.350.026 Basic metals and metal products 3.968.738 9.488.587 5.519.849 1.535.853 1.106.401 -429.452 127.627.014 149.894.178 22.267.164 Computer, electronic and optical products 4.878.508 154.920 -4.723.588 2.359.582 190.281 -2.169.301 29.381.117 20.301.401 -9.079.716 Electric appliances 2.906.750 389.000 -2.517.750 450.805 297.552 -153.253 14.624.200 6.177.599 -8.446.601 Machinery and appliances 17.025.517 16.362.210 -663.307 1.735.369 492.228 -1.243.141 54.861.984 53.692.310 -1.169.674 Motor vehicles 2.147.755 677.707 -1.470.048 5.924.826 2.852.130 -3.072.696 24.382.533 13.124.069 -11.258.464 Products of other manufacturing activities 4.876.102 197.553 -4.678.549 1.884.048 889.112 -994.936 15.990.931 2.619.944 -13.370.987 OTHER 805.670 566.330 -239.340 243.067 154.987 -88.080 9.129.574 13.970.757 4.841.183 Total 2013 251.539.025 162.249.993 -89.289.032 67.323.612 37.549.756 -29.773.856 9.677.606.252 5.392.419.522 -4.285.186.730 Total 2012 287.929.164 165.964.472 -121.964.692 73.894.501 40.272.662 -33.621.839 10.659.493.270 6.381.705.111 -4.277.788.159

Total 2011 430.001.050 210.935.316 -219.065.734 71.436.624 38.415.600 -33.021.024 10.038.346.426 5.268.858.368 -4.769.488.058

*Provisional data, subject to revision Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Istat

PAGE 111 Economic Survey of North Sardinia 2014

4. EXPORT FROM SARDINIA "OIL" AND "NON OIL" 2011-2012-2013*

a) EXPORT OF PETROLEUM AND CHEMICAL PRODUCTS Territory 2011 2012 2013* var 12/11 var 13/12* Sassari 81.135.950 38.661.023 33.741.720 -52,4% -12,7% Olbia-Tempio 486.220 261.108 614.665 -46,3% 135,4% North Sardinia 81.622.170 38.922.131 34.356.385 -52,3% -11,7% Cagliari 4.568.975.056 5.657.431.441 4.735.913.197 23,8% -16,3% Other Provinces 76.682.950 65.652.506 25.168.230 -14,4% -61,7% SARDINIA 4.727.280.176 5.762.006.078 4.795.437.812 21,9% -16,8% ITALY 41.770.384.258 45.839.647.863 41.869.432.747 9,7% -8,7%

b)"NON OIL" EXPORT Territory 2011 2012 2013* var 12/11 var 13/12* Sassari 129.799.366 127.303.449 128.508.273 -1,9% 0,9% Olbia-Tempio 37.929.380 40.011.554 36.935.091 5,5% -7,7% North Sardinia 167.728.746 167.315.003 165.443.364 -0,2% -1,1% Cagliari 242.184.485 281.098.060 264.085.064 16,1% -6,1% Other Provinces 131.664.961 171.285.970 167.453.282 30,1% -2,2% SARDINIA 541.578.192 619.699.033 596.981.710 14,4% -3,7% ITALY 334.133.447.595 344.342.444.006 347.984.735.270 3,1% 1,1%

(a+b) TOTAL EXPORT Territory 2011 2012 2013* var 12/11 var 13/12* Sassari 210.935.316 165.964.472 162.249.993 -21,3% -2,2% Olbia-Tempio 38.415.600 40.272.662 37.549.756 4,8% -6,8% North Sardinia 249.350.916 206.237.134 199.799.749 -17,3% -3,1% Cagliari 4.811.159.541 5.938.529.501 4.999.998.261 23,4% -15,8% Other Provinces 208.347.911 236.938.476 192.621.512 13,7% -18,7% SARDINIA 5.268.858.368 6.381.705.111 5.392.419.522 21,1% -15,5% ITALY 375.903.831.853 390.182.091.869 389.854.168.017 3,8% -0,1%

*Provisional data, subject to revision Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Istat

PAGE 112 Economic Survey of North Sardinia 2014

5.a. LIST OF THE LARGEST TRADING PARTNERS OF THE PROVINCE OF SASSARI BY IMPORT-EXPORT Values in euro IMPORT IMPORT RANKING COUNTRY 2013* 2012 var.% 70.000.000 1 Russia 65.501.914 36.586.994 79,0 60.000.000 2 Germany 26.440.282 14.438.291 83,1 50.000.000 3 Belgium 24.120.311 6.230.972 287,1 40.000.000 4 France 17.631.184 23.377.198 -24,6 30.000.000 5 Algeria 16.493.056 17.751.081 -7,1 6 Colombia 16.410.037 18.699.841 -12,2 20.000.000 7 Spain 16.262.653 9.238.988 76,0 10.000.000 8 Netherlands 14.164.312 38.724.886 -63,4 0 9 Indonesia 9.517.361 127.167 7.384,1 10 Israel 6.861.003 911.793 652,5

EXPORT EXPORT RANKING COUNTRY 2013* 2012 var.% 60.000.000 1 United States 55.437.588 49.871.827 11,2 50.000.000 2 Germany 15.479.749 19.701.944 -21,4 3 France 15.112.235 16.638.713 -9,2 40.000.000 4 Belgium 8.286.549 6.956.450 19,1 30.000.000 5 Bulgaria 6.956.121 46.391 14.894,5 6 Russia 6.672.329 2.827.176 136,0 20.000.000 7 Mexico 5.160.970 51.500 9.921,3 10.000.000 8 Canada 5.005.959 4.868.630 2,8 0 9 Spain 5.000.671 9.322.560 -46,4 10 Turkey 5.000.468 6.047.241 -17,3

*Provisional data, subject to revision

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Istat

PAGE 113 Economic Survey of North Sardinia 2014

5.b LIST OF THE LARGEST TRADING PARTNERS OF THE PROVINCE OF OF OLBIA-TEMPIO BY IMPORT-EXPORT Values in euro IMPORT IMPORT RANKIG COUNTRY 14.000.000 2013* 2012 var.% 1 Portugal 11.895.026 11.883.385 0,1 12.000.000 2 Philippines 8.490.437 7.409.764 14,6 10.000.000 3 France 7.234.484 7.901.796 -8,4 8.000.000 4 Thailand 6.397.223 6.718.816 -4,8 6.000.000 5 Germany 5.738.255 6.655.104 -13,8 4.000.000 6 Spain 4.217.256 4.918.946 -14,3 2.000.000 7 United States 2.729.830 2.088.121 30,7 0 8 Mauritius 2.503.290 0 - 9 Tunisia 2.152.308 1.256.748 71,3 10 Netherlands 1.995.436 2.364.659 -15,6

EXPORT EXPORT RANKING COUNTRY 2013* 2012 var.% 14.000.000 1 France 12.140.744 13.376.305 -9,2 12.000.000 2 United States 6.395.556 9.793.947 -34,7 10.000.000 3 Spain 3.343.218 3.797.685 -12,0 4 Germany 3.010.580 2.982.843 0,9 8.000.000 5 Greece 1.180.358 260.457 353,2 6.000.000 6 Portugal 1.086.381 798.115 36,1 4.000.000 7 Hungary 875.607 761.024 15,1 8 Turkey 829.500 432.171 91,9 2.000.000

9 Peru 803.032 243.787 229,4 0 10 Croatia 771.862 23.490 3.185,9

*Provisional data, subject to revision

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Istat

PAGE 114 Economic Survey of North Sardinia 2014

6.a. MOST IMPORTED AND EXPORTED GOODS IN THE PROVINCE OF SASSARI Values in euro IMPORT

General purpose machinery Non-perennial 7% crops products Basic chemicals, 5% IMPORT RANKING GOODS fertilisers and 2013* 2012 var.% nitrogen compounds, 1 Anthracite 96.052.640 106.584.242 -9,9 plastics and synthetic rubber in 2 Coke and refined petroleum products 39.850.232 70.286.853 -43,3 primary forms 11% Anthracite Basic chemicals, fertilisers and nitrogen compounds, 3 20.163.951 27.300.699 -26,1 54% plastics and synthetic rubber in primary forms

4 General purpose machinery 12.540.105 3.001.849 317,7 Coke and refined petroleum products 5 Non-perennial crops products 8.241.143 6.143.092 34,2 23%

EXPORT

EXPORT RANKING GOODS 2013* 2012 var.% General purpose Preserved meat and meat produts 1 Dairy products 57.780.141 49.256.567 17,3 machinery 9% 6% Basic chemicals, fertilisers and nitrogen compounds, 2 28.406.914 34.169.629 -16,9 plastics and synthetic rubber in primary forms Beverages 3 Beverages 11.200.045 11.669.486 -4,0 10% Dairy products 4 General purpose machinery 10.172.407 19.774.297 -48,6 50%

5 Preserved meat and meat produts 6.618.352 7.120.908 -7,1 Basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms *Provisional data, subject to revision 25%

PAGE 115 Economic Survey of North Sardinia 2014

6.b. MOST IMPORTED AND EXPORTED GOODS IN THE PROVINCE OF OLBIA-TEMPIO Values in euro IMPORT

Wild growing Vegetable and non-wood animal oils and produts fats 9% 6% IMPORT RANKING GOODS Air and 2013 2012 var.% spacecraft and related 1 Preserving of fish, crustaceans and molluscs 24.435.494 27.152.325 -10,0 machinery 11% 2 Products of wood, cork, straw and plaiting materials 9.788.530 8.156.734 20,0 Preserving of fish, Products of 3 Air and spacecraft and related machinery 4.927.206 3.220.575 53,0 crustaceans and wood, cork, molluscs 4 Wild growing non-wood produts 3.966.471 5.436.614 -27,0 straw and 53% plaiting 5 Vegetable and animal oils and fats 2.722.439 2.519.152 8,1 materials 21%

EXPORT Air and spacecraft and related Ships and boats Plastics machinery 5% products 5% 5% EXPORT RANKING GOODS 2013 2012 var.% 1 Products of wood, cork, straw and plaiting materials 20.295.519 21.462.844 -5,4 Products of Dairy products wood, cork, 2 Dairy products 1.860.134 4.039.990 -54,0 7% straw and plaiting 3 Air and spacecraft and related machinery 1.393.160 1.952.281 -28,6 materials 4 Ships and boats 1.195.372 1.124.016 6,3 78% 5 Plastics products 1.190.793 1.171.948 1,6

*Provisional data, subject to revision

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Istat

PAGE 116 Economic Survey of North Sardinia 2014

7. INTERNATIONAL TRADE PROPENSITY

Export on value-added. Import-Export on value-added. Export on value-added. Import-Export on value-added. Territory Year 2012 Year 2012 Year 2013* Year 2013* Sassari 2,9 8,0 2,9 7,9 Olbia-Tempio 1,1 3,2 1,1 3,2 Nuoro 4,8 6,2 3,9 5,4 Cagliari 50,4 133,6 43,0 127,3 Oristano 1,7 10,7 1,8 10,9 Ogliastra 3,4 5,6 0,4 2,6 Carbonia-Iglesias 3,0 17,8 3,4 18,5 Medio Campidano 0,0 0,1 0,0 0,1 SARDINIA 21,8 58,2 18,7 55,6

NORTH-WEST 34,3 68,3 34,5 68,1 NORTH-EAST 36,8 61,1 37,7 62,0 CENTRE 21,3 41,7 21,2 41,5 SOUTH AND ISLANDS 14,5 32,5 13,4 31,5

ITALY 27,8 54,9 27,9 55,0 Export on value-added

50,0 45,0 43,0 40,0 35,0 30,0 25,0 20,0 15,0 10,0 3,9 3,4 5,0 2,9 1,8 1,1 0,4 0,0 0,0 Sassari Olbia-Tempio Nuoro Cagliari Oristano Ogliastra Carbonia-Iglesias Medio Campidano

*Provisional data, subject to revision Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Istat

PAGE 117 Economic Survey of North Sardinia 2014

FOREIGN TRADE

The economic recession and the negative trend in consumption have affected the foreign trade also in 2013. Indeed, Sardinia has registered a severe drop (-15,5%) of the export trade compared to 2012, whereas Italy has been characterised by a slight decrease (-0,1%). The reduction of internal demand has caused a contraction of the imports, which has brought Italy to register a positive balance in 2012 and 2013, whereas Sardinia still presents a deficit superior to 4 billion euro (table 1). As for the previous years, export volume in Sardinia is mainly composed of oil and chemical products (89%) and it is concentrated in the province of Cagliari (chart 4), where Saras (one of the leading operators in the refining sector) has its headquarter. As a consequence, the other Sardinian provinces play a marginal role in foreign trade. Indeed, the “Export/Value Added” ratio of 2013 in the province of Cagliari accounts for 43%, while in the provinces of Sassari and Olbia-Tempio is 2,9% and 1,1% respectively. These data highlight Sardinian export deficit compared to Italy: the Island has in fact registered 18,7% in 2013, whereas Italy has reached 27,9% (chart 7). In order to boost export volumes, Sardinia should focus its attention on agro-industrial products, which have always been greatly appreciated by foreign consumers. As a matter of fact, in 2013 the province of Sassari has registered a positive balance with regard to food products and a positive variation (+0,9%) compared to 2012 in “non-oil” export (table 4). Indeed, considering the 5 most exported goods by the province of Sassari, dairy products constitute half of the whole pie (chart 6a). On the other hand, the province of Olbia-Tempio has recorded a negative trend of non-oil export (table 4) compared to 2012 (-7,7%), owing to the negative balance of “food products, beverages and tobacco” (chart 3) – with a -54% in dairy products exports compared to 2012 – and to the decrease in cork export, which constitutes 78% of the 5 most exported goods by the eastern province (table 6b).

PAGE 118 Economic Survey of North Sardinia 2014 Economic Survey of North Sardinia 2014

CHAPTER 12 CREDIT

PAGE 119 Economic Survey of North Sardinia 2014

1. BANK BRANCHES AND BANK DEPOSITS BY PROVINCE (data at the end of the period)

BANK BRANCHES BANK DEPOSITS BY RESIDENT CUSTOMERS* 2008 2012 2013 Var. % 13/08 PROVINCES dec-13 dec-12 Var. % dec. 13/dec. 12 % dec-13 SASSARI 138 138 139 0,72% SASSARI 3.935.714 4.036.863 -2,51% 18,44% OLBIA-TEMPIO 80 77 76 -5,00% OLBIA-TEMPIO 1.532.196 1.466.141 4,51% 7,18% NORTH SARDINIA 218 215 215 -1,38% NORTH SARDINIA 5.467.910 5.503.004 -0,64% 25,63% CAGLIARI 222 211 207 -6,76% CAGLIARI 9.024.127 8.583.035 5,14% 42,29% NUORO 68 68 68 0,00% NUORO 2.427.830 2.416.405 0,47% 11,38% ORISTANO 86 81 80 -6,98% ORISTANO 1.798.257 1.773.251 1,41% 8,43% CARBONIA-IGLESIAS 35 34 34 -2,86% CARBONIA-IGLESIAS 1.053.112 1.011.334 4,13% 4,94% OGLIASTRA 27 26 26 -3,70% OGLIASTRA 577.406 563.104 2,54% 2,71% MEDIO-CAMPIDANO 42 38 38 -9,52% MEDIO CAMPIDANO 989.112 954.563 3,62% 4,64% SARDINIA 698 673 668 -4,30% SARDINIA 21.337.754 20.804.696 2,56% 100,00 BANK DEPOSITS BY CONSUMER HOUSEHOLDS Bank branches by province - year 2013 PROVINCES dec-13 dec-12 Var. % dec. 13/dec. 12 % dec-13 SASSARI 3.345.033 3.377.892 -0,97% 20,60% OLBIA-TEMPIO 1.167.574 1.131.727 3,17% 7,19% NORTH SARDINIA 4.512.607 4.509.619 0,07% 27,79% 4% CAGLIARI 5.857.785 5.879.213 -0,36% 36,07% 6% NUORO 2.080.653 2.052.856 1,35% 12,81% 5% 21% ORISTANO 1.518.112 1.498.725 1,29% 9,35% CARBONIA-IGLESIAS 915.614 881.096 3,92% 5,64% OGLIASTRA 513.399 503.184 2,03% 3,16% 12% MEDIO CAMPIDANO 842.223 823.111 2,32% 5,19% SARDINIA 16.240.393 16.147.804 0,57% 100,00 11% BANK DEPOSITS BY ENTERPRISES** 10% PROVINCES dec-13 dec-12 Var. % dec. 13/dec. 12 % dec-13 SASSARI 494.828 553.480 -10,60% 13,64% OLBIA-TEMPIO 336.304 306.711 9,65% 9,27% 31% NORTH SARDINIA 831.132 860.191 -3,38% 22,90% CAGLIARI 1.963.420 1.647.608 19,17% 54,10% NUORO 264.335 270.495 -2,28% 7,28% ORISTANO 249.510 243.651 2,40% 6,88% SASSARI OLBIA-TEMPIO CAGLIARI CARBONIA-IGLESIAS 131.189 123.366 6,34% 3,61% NUORO ORISTANO CARBONIA-IGLESIAS OGLIASTRA 59.527 55.330 7,59% 1,64% MEDIO CAMPIDANO 129.912 113.087 14,88% 3,58% OGLIASTRA MEDIO-CAMPIDANO SARDINIA 3.629.025 3.313.728 9,51% 100,00

* Total bank deposits ** It includes producer households and non-financial companies

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Banca d'Italia

PAGE 120 Economic Survey of North Sardinia 2014

2. PERFORMING LOANS* BY PROVINCE (data at the end of the period)

TOTAL PERFORMING LOANS PROVINCES dec-13 dec-12 Var. % dec. 13/dec. 12 % dec. 13 SASSARI 5.252.342 5.556.722 -5,48% 24,45% OLBIA-TEMPIO 2.833.198 2.953.627 -4,08% 13,19% NORTH SARDINIA 8.085.540 8.510.349 -4,99% 37,64% CAGLIARI 8.154.156 8.789.235 -7,23% 37,96% NUORO 1.631.177 1.762.728 -7,46% 7,59% ORISTANO 1.465.138 1.514.034 -3,23% 6,82% CARBONIA-IGLESIAS 903.779 946.055 -4,47% 4,21% OGLIASTRA 436.183 445.636 -2,12% 2,03% MEDIO CAMPIDANO 807.305 855.610 -5,65% 3,76% SARDINIA 21.483.278 22.823.647 -5,87% 100,00%

PERFORMING LOANS TO CONSUMER HOUSEHOLDS PROVINCES dec-13 dec-12 Var. % dec. 13/dec. 12 % dec. 13 SASSARI 2.051.778 2.129.752 -3,66% 21,52% OLBIA-TEMPIO 1.019.179 1.046.719 -2,63% 10,69% NORTH SARDINIA 3.070.957 3.176.471 -3,32% 32,21% CAGLIARI 3.915.482 4.048.109 -3,28% 41,07% NUORO 654.289 684.074 -4,35% 6,86% ORISTANO 687.324 711.891 -3,45% 7,21% CARBONIA-IGLESIAS 598.658 609.385 -1,76% 6,28% OGLIASTRA 208.242 205.041 1,56% 2,18% MEDIO CAMPIDANO 397.924 407.016 -2,23% 4,17% SARDINIA 9.532.876 9.841.987 -3,14% 100,00%

PERFORMING LOANS TO ENTERPRISES** PROVINCES dec-13 dec-12 Var. % dec. 13/dec. 12 % dec. 13 SASSARI 1.586.199 1.837.609 -13,68% 17,06% OLBIA-TEMPIO 1.741.296 1.832.736 -4,99% 18,73% NORTH SARDINIA 3.327.495 3.670.345 -9,34% 35,79% CAGLIARI 3.669.142 4.090.695 -10,31% 39,47% NUORO 830.740 923.919 -10,09% 8,94% ORISTANO 669.349 688.818 -2,83% 7,20% CARBONIA-IGLESIAS 234.497 263.141 -10,89% 2,52% OGLIASTRA 195.905 204.904 -4,39% 2,11% MEDIO CAMPIDANO 369.510 400.639 -7,77% 3,97% SARDINIA 9.296.638 10.242.461 -9,23% 100,00% * Net of bad debts ** It includes producer households and non-financial companies Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Banca d'Italia

PAGE 121 Economic Survey of North Sardinia 2014

3. PERFORMING LOANS TO ENTERPRISES*, BY PROVINCE (data at the end of the period)

ECONOMIC ACTIVITY TOTAL MANUFACTURING CONSTRUCTION SERVICE ACTIVITIES

Var. % dec. 13/ Var. % dec. 13/ Var. % dec. 13/ Var. % dec. 13/ PROVINCES dec. 2013 dec. 2012 % dec. 13 dec. 2013 % dec. 13 dec. 2013 % dec. 13 dec. 2013 % dec. 13 dec. 12 dec. 12 dec. 12 dec. 12

SASSARI 1.586.199 1.837.609 -13,68% 17,06% 249.195 -11,97% 14,02% 379.869 -18,62% 18,12% 842.263 -11,71% 17,51% OLBIA-TEMPIO 1.741.296 1.832.736 -4,99% 18,73% 259.644 -5,43% 14,61% 501.030 -7,54% 23,90% 929.245 -3,35% 19,32% NORTH SARDINIA 3.327.495 3.670.345 -9,34% 35,79% 508.839 -8,75% 28,62% 880.899 -12,67% 42,02% 1.771.508 -7,51% 36,83% CAGLIARI 3.669.142 4.090.695 -10,31% 39,47% 675.315 -6,11% 37,99% 881.736 -9,11% 42,06% 1.970.355 -11,93% 40,97% NUORO 830.740 923.919 -10,09% 8,94% 242.895 -3,81% 13,66% 150.579 -21,76% 7,18% 373.011 -9,17% 7,76% ORISTANO 669.349 688.818 -2,83% 7,20% 191.780 1,82% 10,79% 61.704 -11,09% 2,94% 278.889 -1,01% 5,80% CARBONIA-IGLESIAS 234.497 263.141 -10,89% 2,52% 42.931 -7,77% 2,42% 32.702 -18,80% 1,56% 108.780 -16,15% 2,26% OGLIASTRA 195.905 204.904 -4,39% 2,11% 44.248 -12,78% 2,49% 36.742 -9,05% 1,75% 104.148 0,66% 2,17% MEDIO CAMPIDANO 369.510 400.639 -7,77% 3,97% 71.649 -2,24% 4,03% 52.230 -2,41% 2,49% 203.114 -10,52% 4,22% SARDINIA 9.296.638 10.242.461 -9,23% 100,00% 1.777.657 -5,86% 100,00% 2.096.592 -11,72% 100,00% 4.809.805 -9,34% 100,00%

BY SIZE OF ENTERPRISE PERFORMING LOANS TO ENTEPRISES WITH LESS THAN 20 EMPLOYEES WITH MORE THAN 20 EMPLOYEES Var. % dec. 13/ Var. % dec. 13/ % dec. PROVINCES dec. 2013 dec. 2012 % dec. 2013 dec. 2013 dec. 12 dec. 12 2013

SASSARI 514.906 575.595 -10,54% 20,05% 1.071.293 -15,11% 15,92% OLBIA-TEMPIO 373.930 400.219 -6,57% 14,56% 1.367.366 -4,55% 20,32% NORTH SARDINIA 888.836 975.814 -8,91% 34,62% 2.438.659 -9,50% 36,24% CAGLIARI 788.424 849.539 -7,19% 30,71% 2.880.718 -11,12% 42,81% NUORO 278.595 312.831 -10,94% 10,85% 552.145 -9,65% 8,21% ORISTANO 289.335 308.396 -6,18% 11,27% 380.014 -0,11% 5,65% CARBONIA-IGLESIAS 116.239 125.828 -7,62% 4,53% 118.258 -13,88% 1,76% OGLIASTRA 89.577 95.483 -6,19% 3,49% 106.328 -2,83% 1,58% MEDIO CAMPIDANO 116.477 127.632 -8,74% 4,54% 253.033 -7,32% 3,76% SARDINIA 2.567.483 2.795.523 -8,16% 100,00% 6.729.155 -9,64% 100,00%

* It includes producer households and non-financial companies

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Banca d'Italia

PAGE 122 Economic Survey of North Sardinia 2014

4. BAD DEBTS BY PROVINCE (data at the end of the period)

BAD DEBTS PROVINCES dec-13 dec-12 Var. dec. 13/dec. 12 % dec. 13 SASSARI 580.145 499.039 16,25% 18,64% OLBIA-TEMPIO 563.070 484.630 16,19% 18,09% NORTH SARDINIA 1.143.215 983.669 16,22% 36,74% CAGLIARI 1.102.048 928.699 18,67% 35,42% NUORO 293.743 251.406 16,84% 9,44% ORISTANO 171.216 160.374 6,76% 5,50% CARBONIA-IGLESIAS 186.254 145.271 28,21% 5,99% OGLIASTRA 51.367 46.899 9,53% 1,65% MEDIO CAMPIDANO 163.928 137.707 19,04% 5,27% SARDINIA 3.111.771 2.654.025 17,25% 100,00% CONSUMER HOUSEHOLDS BAD DEBTS PROVINCES dec-13 dec-12 Var. dec. 13/dec. 12 % dec. 13 SASSARI 99.398 93.423 6,40% 20,67% OLBIA-TEMPIO 73.913 53.800 37,38% 15,37% NORTH SARDINIA 173.311 147.223 17,72% 36,05% CAGLIARI 174.222 157.258 10,79% 36,23% NUORO 31.540 28.031 12,52% 6,56% ORISTANO 31.614 29.680 6,52% 6,58% CARBONIA-IGLESIAS 34.157 31.453 8,60% 7,10% OGLIASTRA 7.001 6.468 8,24% 1,46% MEDIO CAMPIDANO 28.973 26.522 9,24% 6,03% SARDINIA 480.818 426.635 12,70% 100,00% ENTERPRISES* BAD DEBTS PROVINCES dec-13 dec-12 Var. dec. 13/dec. 12 % dec. 13 SASSARI 480.482 405.434 18,51% 18,27% OLBIA-TEMPIO 488.794 430.492 13,54% 18,59% NORTH SARDINIA 969.276 835.926 15,95% 36,86% CAGLIARI 927.686 771.312 20,27% 35,28% NUORO 262.114 223.291 17,39% 9,97% ORISTANO 139.219 130.430 6,74% 5,29% CARBONIA-IGLESIAS 151.994 113.720 33,66% 5,78% OGLIASTRA 44.367 40.432 9,73% 1,69% MEDIO CAMPIDANO 134.955 111.185 21,38% 5,13% SARDINIA 2.629.611 2.226.296 18,12% 100,00%

* It includes producer households and non-financial companies Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Banca d'Italia

PAGE 123 Economic Survey of North Sardinia 2014

5. BAD DEBTS/NON-PERFORMING LOANS, BY PROVINCE (IN %)

TOTAL 18,00% 16,00% PROVINCES dec-13 dec-12 14,00% SASSARI 9,95% 8,24% 12,00% 10,00% OLBIA-TEMPIO 16,58% 14,10% 8,00% NORTH SARDINIA 12,39% 10,36% 6,00% 4,00% dec-13 CAGLIARI 11,91% 9,56% 2,00% NUORO 15,26% 12,48% 0,00% dec-12 ORISTANO 10,46% 9,58% CARBONIA-IGLESIAS 17,09% 13,31% NUORO SASSARI NORTH CAGLIARI SARDINIA SARDINIA MEDIO OGLIASTRA 10,54% 9,52% IGLESIAS ORISTANO OGLIASTRA CARBONIA-

MEDIO CAMPIDANO 16,88% 13,86% CAMPIDANO SARDINIA 12,65% 10,42% OLBIA-TEMPIO

CONSUMER HOUSEHOLDS 8,00% PROVINCES dec.-13 dec-12 7,00% 6,00% SASSARI 4,62% 4,23% 5,00% OLBIA-TEMPIO 6,76% 4,93% 4,00% NORTH SARDINIA 5,34% 4,46% 3,00% 2,00% dec.-13 CAGLIARI 4,26% 4,17% 1,00% NUORO 4,60% 3,94% 0,00% dec-12 ORISTANO 4,40% 4,02% CARBONIA-IGLESIAS 5,40% 4,91% NUORO SASSARI NORTH CAGLIARI SARDINIA SARDINIA MEDIO

OGLIASTRA 3,25% 3,06% IGLESIAS ORISTANO OGLIASTRA CARBONIA-

MEDIO CAMPIDANO 6,79% 6,12% CAMPIDANO SARDINIA 4,80% 4,34% OLBIA-TEMPIO

ENTERPRISES* 40,00% 35,00% PROVINCES dec.-13 dec.-12 30,00% SASSARI 23,25% 18,08% 25,00% 20,00% OLBIA-TEMPIO 21,92% 19,02% 15,00% NORTH SARDINIA 22,56% 18,55% 10,00% 5,00% dec.-13 CAGLIARI 20,18% 15,86% 0,00% NUORO 23,98% 19,46% dec.-12 ORISTANO 17,22% 15,92% NUORO

CARBONIA-IGLESIAS 39,33% 30,18% SASSARI CAGLIARI SARDINIA MEDIO IGLESIAS ORISTANO OGLIASTRA OGLIASTRA 18,47% 16,48% CARBONIA- CAMPIDANO

MEDIO CAMPIDANO 26,75% 21,72% OLBIA-TEMPIO

SARDINIA 22,05% 17,85% SARDINIA NORTH

* It includes producer households and non-financial companies

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database Banca d'Italia

PAGE 124 Economic Survey of North Sardinia 2014

CREDIT

In 2013, in all Sardinian provinces, with the exception of Sassari, the number of bank deposits has risen, partly due to the limitation on the use of cash and to the resulting increase of credit cards transactions. The province of Cagliari holds more than 40% of resident customers bank deposits present in Sardinia and this quota exceeds 50% if only business bank deposits are taken into account (table 1). Despite the increase of bank deposits, credit crunch in Sardinia continues unabated. Indeed, in 2013 in all Sardinian provinces the number of net loans has dropped compared to 2012. Furthermore, the financial situation appears even more critical when considering that the contraction in loans has mostly concerned enterprises rather than consumer households. Indeed, in Sardinia loans conceded to consumer households have declined by 3,14% compared to 2012, while loans dispensed to enterprises have diminished by 9,23%, with the province of Sassari (-13,68%) registering the worst performance of the Region (chart 2). This figure is partly explained when considering the -18,62% of loans dispensed to enterprises operating in the construction sector in Sassari area. Indeed, also the credit crunch mirrors the crisis of the building sector (table 3), which has been the most affected in Sardinia: in the Island, loans conceded to businesses operating in construction (-11,72%) have plummeted compared to loans supplied to enterprises operating in manufacturing (-5,86%) and services (-9,34%). Moreover, the progressive increase of bad debts gross of write-offs (chart 4) – that, once again, has most affected the entrepreneurial system (with the only exception of the province of Olbia-Tempio, where bad debts gross of write-offs of consumer households have risen by 37,8%, while bad debts of enterprises have augmented by 13,54%) – does not allow to be optimistic. In fact, it is quite difficult to imagine economic recovery in the short-term if it is not possible – because of the lack of liquidity – to restart investments and, consequently, domestic demand.

GLOSSARY Deposits: Funds raised from non-banks by banks in the form of deposits (with agreed maturity, sight, overnight and redeemable at notice), saving certificates, certificates of deposit, and current accounts. Resident customers: the aggregate comprise persons belonging to general government, financial companies, non-financial corporations, households, non-profit institutions serving households and unclassifiable and unclassified units.

PAGE 125 Economic Survey of North Sardinia 2014

Economic Survey of North Sardinia 2014

CHAPTER 13 WORK AND EMPLOYMENT CONOMICO DEL

PAGE 126 Economic Survey of North Sardinia 2014

1. LABOUR MARKET (VALUES IN THOUSAND)

LABOUR FORCE (15 years and over) Values variation % Variation 2011 2012 2013 2012/2011 2013/2012 2012/2011 2013/2012 Sassari 138,8 142,9 136,3 4,1 -6,5 2,9% -4,6% Olbia-Tempio 77,6 74,4 70,0 -3,2 -4,4 -4,2% -5,9% North Sardinia 216,4 217,3 206,3 0,8 -11,0 0,4% -5,0% Sardinia 695,7 704,7 669,4 9,1 -35,4 1,3% -5,0% Italy 25.075,0 25.642,4 25.532,9 567,3 -109,5 2,3% -0,4%

UNEMPLOYED PEOPLE (15 years and over) Values variation % Variation 2011 2012 2013 2012/2011 2013/2012 2012/2011 2013/2012 Sassari 19,2 22,8 22,8 3,6 0,0 18,5% 0,0% Olbia-Tempio 11,4 9,9 12,2 -1,5 2,2 -12,8% 22,5% North Sardinia 30,6 32,7 35,0 2,1 2,3 6,9% 6,9% Sardinia 94,0 109,5 117,3 15,5 7,8 16,4% 7,1% Italy 2.107,8 2.743,6 3.112,6 635,8 369,0 30,2% 13,4%

Employed (15 years and over) Values variation % Variation 2011 2012 2013 2012/2011 2013/2012 2012/2011 2012/2011 Sassari 119,5 120,1 113,5 0,5 -6,6 0,4% -5,5% Olbia-Tempio 66,2 64,5 57,8 -1,8 -6,6 -2,7% -10,3% North Sardinia 185,8 184,5 171,3 -1,3 -13,2 -0,7% -7,2% Sardinia 601,7 595,3 552,1 -6,4 -43,2 -1,1% -7,3% Italy 22.967,2 22.898,7 22.420,3 -68,5 -478,5 -0,3% -2,1%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 127 Economic Survey of North Sardinia 2014

2. ACTIVITY RATE (15-64 YEARS) BY PROVINCE Values in %

MALES FEMALES TOTAL 2012 2013 2012 2013 2012 2013 Sassari 71,03 67,14 53,79 52,45 62,41 59,80 Olbia-Tempio 76,79 74,07 55,88 51,18 66,44 62,75 Cagliari 73,42 72,24 52,00 47,96 62,64 60,03 Nuoro 69,04 66,05 51,41 45,96 60,35 56,14 Oristano 70,30 69,57 51,69 48,31 61,11 59,08 Ogliastra 68,82 67,64 52,54 49,52 60,82 58,74 Medio Campidano 67,55 68,07 44,85 46,45 56,40 57,45 Carbonia-Iglesias 64,63 64,78 40,77 33,89 52,73 49,37 Sardinia 71,35 69,57 51,36 47,89 61,39 58,77 Italy 73,94 73,43 53,49 53,61 63,67 63,48

90,00 90,00 80,00 80,00 70,00 70,00 60,00 60,00 50,00 50,00 40,00 MALES 2012 40,00 FEMALES 2012 30,00 30,00 MALES 2013 FEMALES 2013 Nuoro Nuoro Sassari Sassari Cagliari Cagliari Oristano Ogliastra Medio Oristano Ogliastra Medio Campidano Campidano Olbia-Tempio Olbia-Tempio Carbonia-Iglesias Carbonia-Iglesias

90,00 70,00 TOTAL 2012 50,00 TOTAL 2013 30,00 Sassari Olbia-Tempio Cagliari Nuoro Oristano Ogliastra Medio Campidano Carbonia-Iglesias

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 128 Economic Survey of North Sardinia 2014

3. UNEMPLOYMENT RATE (15 years and over) IN SARDINIA Values in %

2008 2009 2010 2011 2012 2013 Sassari 16,87 18,97 16,42 13,87 15,97 16,76 Olbia-Tempio 8,94 14,18 14,78 14,66 13,34 17,37 Cagliari 11,29 10,98 12,35 13,22 15,52 17,76 Nuoro 13,05 10,11 9,92 8,64 11,33 10,39 Oristano 11,42 13,93 15,28 15,15 17,41 17,91 Ogliastra 12,08 12,66 17,08 17,63 22,44 19,52 Medio Campidano 11,66 11,89 11,83 13,07 16,49 27,04 Carbonia-Iglesias 9,99 11,83 19,05 14,58 16,57 18,42 SARDINIA 12,22 13,28 14,11 13,52 15,54 17,52 ITALY 6,74 7,79 8,42 8,41 10,70 12,19

30,00

25,00

2008 20,00 2009

15,00 2010 2011 10,00 2012 2013 5,00

0,00 Sassari Olbia-Tempio Cagliari Nuoro Oristano Ogliastra Medio Campidano Carbonia-Iglesias

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 129 Economic Survey of North Sardinia 2014

4. UNEMPLOYMENT RATE (15 YEARS AND OVER): ITALY AND SARDINIA IN COMPARISON Values in %

2008 2009 2010 2011 2012 2013 Sassari 16,87 18,97 16,42 13,87 15,97 16,76 Olbia-Tempio 8,94 14,18 14,78 14,66 13,34 17,37 Sardinia 12,22 13,28 14,11 13,52 15,54 17,52 North Italy 3,89 5,32 5,93 5,78 7,43 8,43 South Italy 12,03 12,51 13,38 13,59 17,17 19,73 Italy 6,74 7,79 8,42 8,41 10,70 12,19

25,00

20,00

Sassari 15,00 Olbia-Tempio Sardinia North Italy 10,00 South Italy Italy 5,00

0,00 2008 2009 2010 2011 2012 2013

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 130 Economic Survey of North Sardinia 2014

5.YOUTH UNEMPLOYMENT RATE (15-24 YEARS) IN SARDINIA Values in %

2008 2009 2010 2011 2012 2013 Sassari 51,55 54,26 49,95 49,99 53,06 59,84 Olbia-Tempio 19,67 29,70 32,85 45,34 27,69 46,79 Cagliari 35,05 49,84 31,87 42,93 57,62 54,38 Nuoro 26,59 29,77 27,63 28,66 34,26 38,33 Oristano 36,43 43,32 36,90 42,72 43,83 48,54 Ogliastra 31,05 40,54 45,82 41,24 55,76 54,12 Medio Campidano 38,08 50,10 37,89 32,17 41,97 64,71 Carbonia-Iglesias 43,15 36,52 54,66 39,78 42,01 73,92 Sardinia 36,79 44,69 38,76 42,42 47,31 54,16 Italy 21,25 25,44 27,84 29,10 35,26 40,00

80,00

70,00

60,00 2008 50,00 2009 40,00 2010 30,00 2011

20,00 2012 2013 10,00

0,00 Sassari Olbia-Tempio Cagliari Nuoro Oristano Ogliastra Medio Carbonia-Iglesias Campidano

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 131 Economic Survey of North Sardinia 2014

6. YOUTH UNEMPLOYMENT RATE (15-24 YEARS): ITALY AND SARDINIA IN COMPARISON Values in %

2008 2009 2010 2011 2012 2013 Sassari 51,55 54,26 49,95 49,99 53,06 59,84 Olbia-Tempio 19,67 29,70 32,85 45,34 27,69 46,79 Sardinia 36,79 44,69 38,76 42,42 47,31 54,16 North Italy 12,54 18,21 20,58 21,13 26,59 31,21 South Italy 33,64 36,01 38,78 40,39 46,94 51,64 Italy 21,25 25,44 27,84 29,10 35,26 40,00

70,00

60,00

50,00 Sassari

40,00 Olbia-Tempio Sardinia 30,00 North Italy South Italy 20,00 Italy

10,00

0,00 2008 2009 2010 2011 2012 2013

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 132 Economic Survey of North Sardinia 2014

7. UNEMPLOYMENT RATES IN THE EUROPEAN UNION COMPARISON 2008-2013 (VALUES IN %)

TOTAL FEMALES YOUNG PEOPLE** IMPACT 2008 2013 2008 2013 2008 2013 (long-term unemployment share in 2013)*** EU (28)* 7,0 10,8 7,5 10,9 15,6 23,4 47,5 ITALY 6,7 12,2 8,5 13,1 21,3 40,0 56,4 NORTH WEST 4,2 8,9 5,4 9,6 13,9 34,3 51,8 NORTH EAST 3,4 7,7 4,8 9,3 10,7 26,9 45,8 SOUTH 11,4 19,6 15,1 21,6 31,2 50,6 63,3 SARDINIA 12,2 17,5 15,9 17,0 36,8 54,2 55,9

* In 2008 EU with 27 Members States ** 15-24 years *** The percentage of unemployed persons who have been unemployed for 12 months or more

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database EUROSTAT

PAGE 133 Economic Survey of North Sardinia 2014

8. Unemployment rate (15-34 years) Values in %

2008 2009 2010 2011 2012 2013 Sassari 27,4 31,6 27,1 25,2 30,6 36,7 Olbia-Tempio 13,3 18,9 19,4 26,7 19,7 30,6 Nuoro 22,5 18,4 16,9 14,6 21,6 25,8 Cagliari 18,2 22,4 25,5 25,8 32,7 36,9 Oristano 21,2 23,5 29,6 28,6 33,7 34,3 Ogliastra 22,1 20,9 29,3 31,5 36,6 38,3 Medio Campidano 21,2 23,6 22,3 23,0 27,5 45,4 Carbonia-Iglesias 17,7 21,1 38,1 25,1 24,8 29,8 SARDINIA 20,2 23,6 25,2 24,8 29,1 35,2 NORTH-WEST 6,9 9,9 10,7 10,8 14,1 16,9 NORTH-EAST 5,5 7,7 9,9 9,6 12,2 14,0 CENTRE 10,3 13,0 14,1 14,6 18,2 20,4 SOUTH AND ISLANDS 21,1 22,7 25,2 25,1 30,5 35,7 ITALY 11,7 14,0 15,6 15,7 19,8 23,0

50,0 45,0 40,0 2008 35,0 2009 30,0 2010 25,0 2011 20,0 2012 15,0 2013 10,0 5,0 0,0 Sassari Olbia-Tempio Nuoro Cagliari Oristano Ogliastra Medio Campidano Carbonia-Iglesias

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 134 Economic Survey of North Sardinia 2014

9. UNEMPLOYMENT RATE BY HIGHEST LEVEL OF EDUCATION ATTAINED - YEAR 2013

Unemployment rate 15 years and over Primary school certificate, no Lower secondary school Upper and post-secondary Tertiary (university, doctoral and Total educational degree certificate school certificate specialisation courses) Sassari 35,6 19,3 14,5 8,4 16,8 Olbia-Tempio 24,1 22,1 13,7 9,0 17,4 Cagliari 38,1 21,8 15,2 9,7 17,8 Nuoro 7,5 11,0 9,2 12,7 10,4 Oristano 17,1 19,8 16,8 14,4 17,9 Ogliastra 25,6 23,1 17,6 9,6 19,5 Medio Campidano 42,2 27,1 27,5 14,4 27,0 Carbonia-Iglesias 17,4 21,6 20,3 3,9 18,4 SARDINIA 29,6 20,4 15,7 9,8 17,5 NORTH-WEST 14,8 11,6 8,4 4,8 8,9 NORTH-EAST 9,3 9,3 7,4 5,9 7,7 CENTRE 12,7 12,9 11,2 6,8 10,9 SOUTH AND ISLANDS 26,7 24,2 18,5 11,2 19,7 ITALY 18,2 15,4 11,4 7,2 12,2 Tertiary (university, Sassari Tertiary (university, Olbia-Tempio doctoral and doctoral and specialisation specialisation courses) courses)

Primary school certificate, no educational degree Primary school Upper and post- certificate, no secondary school Upper and post- educational degree certificate secondary school certificate

Lower secondary school certificate Lower secondary school certificate

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 135 Economic Survey of North Sardinia 2014

10. MALE AND FEMALE UNEMPLOYMENT RATES (15 YEARS AND OVER) Values in %

2008 2009 2010 2011 2012 2013 Male Female Male Female Male Female Male Female Male Female Male Female Sassari 13,68 21,50 16,37 22,36 16,88 15,83 13,38 14,54 15,26 16,90 16,97 16,49 Olbia-Tempio 6,35 12,96 9,95 20,71 13,23 16,99 12,71 17,44 14,11 12,22 18,65 15,43 Nuoro 10,90 16,34 10,68 9,32 10,27 9,42 7,67 10,04 10,88 11,97 9,49 11,72 Cagliari 10,27 12,77 9,77 12,71 11,59 13,43 13,24 13,18 16,63 13,96 19,27 15,51 Oristano 8,19 16,37 13,85 14,04 13,75 17,56 13,74 17,20 14,81 21,07 16,57 19,90 Ogliastra 8,17 18,16 12,31 13,22 16,99 17,24 17,07 18,37 23,54 20,93 20,58 18,01 Medio Campidano 8,39 17,84 9,70 16,34 11,60 12,26 11,79 15,31 14,44 19,72 26,13 28,42 Carbonia-Iglesias 5,97 16,91 7,99 19,21 17,74 21,53 13,09 17,05 13,51 21,43 16,46 22,17 Sardinia 9,83 15,86 11,46 15,98 13,56 14,92 12,78 14,57 15,28 15,89 17,88 16,99

North Italy 2,93 5,18 4,49 6,42 5,09 7,04 5,01 6,78 6,56 8,56 7,63 9,46 South Italy 10,01 15,68 10,94 15,34 12,01 15,83 12,14 16,15 15,89 19,31 18,70 21,46 Italy 5,51 8,53 6,76 9,28 7,55 9,67 7,56 9,61 9,85 11,88 11,50 13,14

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

PAGE 136 Economic Survey of North Sardinia 2014

11. EMPLOYED PERSONS BY TYPE OF ACTIVITY (values in thousands)

Agriculture, forestry Industry Total Services and fishing Excluding construction Total of which (2013) 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 Employees Self-employed Sassari 6 4 11 9 18 20 89 96 113 120 83 30 Olbia Tempio 2 4 7 5 13 11 43 50 58 64 41 17 North Sardinia 8 8 18 14 31 31 132 146 171 184 124 47 Cagliari 4 4 17 15 31 28 158 176 193 208 146 47 Nuoro 8 8 8 10 12 15 33 35 53 57 35 18 Oristano 6 7 4 3 8 8 38 41 53 55 40 13 Ogliastra 1 1 2 2 4 3 13 14 18 19 12 6 Medio Campidano 3 4 3 2 7 6 19 23 28 32 21 8 Carbonia-Iglesias 3 2 8 8 11 12 22 25 35 39 27 8 Sardinia 32 33 61 54 104 102 416 460 552 595 406 146 Italy 814 849 4.519 4.608 6.110 6.362 15.496 15.688 22.420 22.899 16.878 5.542

Employed persons by Province

6% 5% 21% Sassari 3% Olbia Tempio 10% Cagliari Nuoro 10% Oristano 10% Ogliastra Medio Campidano Carbonia-Iglesias 35%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on database ISTAT

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12. WAGE SUPPLEMENT (CASSA INTEGRAZIONE GUADAGNI) - AUTHORISED HOURS Absolute values (thousands) and % variations ORDINARIA The ordinary wage supplement (Cassa Integrazione Guadagni Var. % Var. % Ordinaria CIGO) can be used when the enterprise reduces or 2011 2012 2013 2012/2011 2013/2012 suspends the activity of all or parts of its workforce due to temporary events beyond its control, temporary market SASSARI* 669 893 917 33,4% 2,7% difficulties, or seasonal weather conditions. SARDINIA 1.833 2.096 1.882 14,4% -10,2% ITALY 229.477 335.604 343.544 46,2% 2,4%

STRAORDINARIA The extraordinary wage supplement (Cassa Integrazione Var. % Var. % Guadagni Straordinaria CIGS) can be used when the enterprise 2011 2012 2013 2012/2011 2013/2012 has to reduce or suspend activity due to: - restructuring, reorganisation or change of activity; 975 2.500 2.970 156,4% 18,8% SASSARI* - a crisis situation within the company; SARDINIA 6.006 7.136 8.944 18,8% 25,3% - becoming bankrupt. ITALY 423.716 400.284 458.897 -5,5% 14,6% IN DEROGATION For those enterprises that cannot use CIG or have exhausted all Var. % Var. % their treatments, the special ‘social shock absorber’ is called "CIG 2011 2012 2013 2012/2011 2013/2012 in derogation" (Cassa Integrazione Guadagni in deroga, CIGD) SASSARI* 2.302 2.784 2.163 20,9% -22,3% SARDINIA 12.704 18.348 9.236 44,4% -49,7% ITALY 319.971 354.766 273.421 10,9% -22,9% TOTAL Var. % Var. % 2011 2012 2013 2012/2011 2013/2012 SASSARI* 3.947 6.176 6.050 56,5% -2,0% SARDINIA 20.543 27.581 20.062 34,3% -27,3% ITALY 973.164 1.090.654 1.075.862 12,1% -1,4% *Former territorial division

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WORK AND EMPLOYMENT

In this chapter, through different charts, we analyse the job market, which is quite relevant to study the wellness and prosperity of a nation. The data that have been taken into account are seasonally adjusted. Seasonal adjustment is a statistical technique that attempts to measure and remove the influences of predictable seasonal patterns to reveal how employment and unemployment change from month to month. These seasonal adjustments make it easier to observe the cyclical, underlying trend, and other non-seasonal movements in the series. The first chart presents a more critical situation for the province of Olbia-Tempio than for Sassari. Indeed, in the Gallura area, the labour force has diminished in 2013 by 5,9% and the employed people have decreased by 10,3%, while in the North-West territory a drop of 4,6% and of 5,5% (respectively) have been registered. Besides, in the province of Olbia-Tempio people looking for a job have increased by 22,5%; this variation is definitely greater than the one of Sassari (where no significant changes have been registered), the one of Sardinia (+7,1%) and the one of Italy (+13,4%). However, the contraction concerning both the labour force and the employed persons implicates a growth of inactive persons, growth that is actually confirmed by table 2, showing a decrease of activity rate both at regional and national level. This can be attributed to the increase of discouraged persons who do not seek for work because they believe no jobs are available for them. The rise of inactive persons and of NEET (Not in Employment Education or Training) – people who, by definition, do not study and do not work – is an alarming phenomenon not only for its employment consequences, but also for the social repercussions that could affect the territory, because of the steady increment of discouraged people that “choose” to stay out of the productive system. Besides, table 3 shows a clear growth of unemployment rate in all Sardinian provinces, especially when compared to 2008. Indeed, in contrast with the “crisis year”, unemployment has risen in Sardinia by 5%, with the provinces of Olbia-Tempio (from 8,94% of 2008 to 17,37% of 2013), Carbonia-Iglesias (from 9,99% to 18,42%) and Medio Campidano (from 11,66% to 27,04%) registering the worst records of the Region. Compared to 2008, unemployment rate has doubled at national level. Chart 4 underlines the gap between the north and the south of the Peninsula, presenting a difference of 10 percent points with regard to the unemployment rate of 2013. Although Sardinia and North Sardinia have registered an unemployment rate below 2% in contrast to the south of Italy, they still have a big gap to reduce when compared to the north of the Peninsula. This gap is even higher when considering youth unemployment rates (charts 5 and 6), where there is a difference of 20 percentage points between the

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south of Italy (51,64%) and the north of the Peninsula (31,21%). In this case, Sardinia shows even worse results than the south of Italy, with a youth unemployment rate of 54,16% in 2013, while the provinces of Sassari (59,84%), Medio Campidano (64,71%) and Carbonia-Iglesias (73,92%) present a more critical situation. The national youth unemployment rate (40%) indicates that almost half of the people aged 15-24 do not work and is even more worrying when compared to the rate (23,4%) registered in the European Union (28 countries). In reference to the other unemployment rates – total and female – Italy’s percentages are aligned, although slightly higher, with the European ones, which have worsened as well in comparison to 2008 (table 7). However, a hopeful sign comes from the decrease of 20 percentage points of unemployment rate of people aged 15-34 (table 8), compared to the youth unemployment rate. Indeed, in this case, Italy has registered 23%, Sardinia 35,2%, Sassari 36,7% and Olbia- Tempio 30,6%. This data can be partly explained by considering the university career of young Italian people, who usually graduate some years later than their European peers. Therefore, Italians start working later than the other Europeans. This analysis is confirmed by chart 9, showing a diminution of the unemployment rate for the higher levels of education. Comparing unemployment rates between males and females (chart 10), we can see that in the last year the two rates are substantially aligned. Therefore, in comparison with the data of 2008, male unemployment rate has increased more than the female rate. In contrast with the national data, in North Sardinia and in the whole Island the female unemployment rate of 2013 is lower than the male rate. With regard to employed people by economic sector (table 11), a decline of employed persons has been registered both at regional and national level. Tertiary sector employs the largest number of people, both in Sardinia (75%) and Italy (69%), with a higher percentage for North Sardinia (77%). However, the percentage of people employed in the industry sector diminishes by nearly 10 points in the Region (19%) and in North Sardinia (18%) compared to Italy (27%). On the other hand, in the Island the percentage of people employed in the primary sector – still relevant in Sardinia – is slightly higher than in the Peninsula. The number of hours of Cassa Integrazione Guadagni, soared in 2012, has decreased in 2013, both at national and regional level (chart 12). However, it is alarming to see the steady increase – concerning also the last year – of the number of hours of Cassa Integrazione Guadagni Straordinaria, which can be used when the enterprise has to reduce or suspend activity due to: restructuring, reorganisation or change of activity; a crisis situation within the company; becoming bankrupt. In 2013 the boost – of 25,3% in Sardinia and of 18,8% in North Sardinia – of the number of hours of Cassa Straordinaria mirrors the critical situation of the entrepreneurial system.

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GLOSSARY Labour force: comprises all persons who fulfill the requirements for inclusion among the employed or the unemployed during a specified brief reference period. Employed people: comprise all persons above a specified age who during a specified brief period, either one week or one day, were in the following categories: (a) paid employment: - at work: persons who during the reference period performed some work for a wage or salary, in cash or in kind; - with a job but not at work: persons who, having already worked in their present job, were temporarily not at work during the reference period and had a formal attachment to their job. This formal attachment should be determined in the light of national circumstances, according to one or more of the following criteria: the continued receipt of wage or salary; an assurance of return to work following the end of the contingency, or an agreement as to the date of return; the elapsed duration of absence from the job which, wherever relevant, may be that duration for which workers can receive compensation benefits without obligations to accept other jobs; (b) self-employment - at work; persons who during the reference period performed some work for profit or family gain, in cash or in kind; - with an enterprise but not at work: persons with an enterprise, which may be a business enterprise, a farm or a service undertaking, who were temporarily not at work during the reference period for any specific reason. For operational purposes the notion of “some work” may be interpreted as work for at least one hour. Activity rate: is the ratio between the number of active persons (occupied labour force and the unemployed) and the corresponding total population. Unemployment rate: represents unemployed persons as a percentage of the labour force (the total number of people employed plus unemployed).

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Employee: is a person who works for an employer on the basis of a contract of employment and receives compensation in the form of wages, salaries, fees, gratuities, piecework pay or remuneration in kind. The contract is an agreement between an enterprise (the employer) and a person (the employee), which may be formal or informal, normally entered into voluntarily by both parties, whereby the person works for the enterprise in return for compensation in cash or in kind. A worker is considered to be an employee of a particular unit if he or she receives a wage or salary from the unit regardless of where the work is performed (even from remote locations). A worker from a temporary employment agency is considered to be the agency's employee and not that of the business unit to which he or she is assigned. In particular, the following categories are also considered employees: - paid working proprietors; - students formally committed to contribute to a unit’s production in return for remuneration and/or education services; - employees engaged under a contract specifically designed to encourage the recruitment of unemployed persons; - homeworkers if there is an explicit agreement that the persons are remunerated on the basis of the work done at home and if they are included on the payroll. Part-time workers, seasonal workers, persons on strike or on short-term leave are all considered employees, while volunteers or workers on long- term leave are excluded. Self-employed workers: persons who are the sole owners, or joint owners, of the unincorporated enterprises in which they work, excluding those unincorporated enterprises that are classified as quasi-corporations. Self-employed people also include: - unpaid family workers; - outworkers (who work outside the usual workplace, such as at home); - workers engaged in production done entirely for their own final use or own capital formation, either individually or collectively. Cassa Integrazione Guadagni Ordinaria: the ordinary wage supplement (Cassa Integrazione Guadagni Ordinaria CIGO) can be used when the enterprise reduces or suspends the activity of all or parts of its workforce due to temporary events beyond its control, temporary market difficulties, or seasonal weather conditions.

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Economic Survey of North Sardinia 2014

CHAPTER 14 DEL QUALITY OF LIFE

PAGE 143 Economic Survey of North Sardinia 2014 1. QUALITY OF LIFE IN SARDINIA - Year 2013

Ranking Services, environment Pos. Standard of living (1) Business and Work (2) Law and Order (4) Population (5) Free time (6) Score Pos. and health (3) diff.

Score Pos. Score Pos. Score Pos Score Pos. Score Pos. Score Pos.

Sassari 529 58° 12 582 83° 464 56° 544 36° 361 97° 537 70° 683 7° Olbia-Tempio 531 55° 12 590 80° 534 16° 462 73° 361 97° 601 28° 638 15° Cagliari 513 67 6 597 73° 511 26° 505 55° 418 65° 401 103° 647 11° Nuoro 544 40° 13 604 65° 474 46° 494 61° 453 45° 540 68° 702 3° Oristano 537 44° 15 600 69° 373 80° 489 62° 790 1° 491 89° 480 80° Carbonia-Iglesias 494 78° 7 625 50° 474 45° 516 47° 418 65° 376 105° 552 43° Medio Campidano 499 75° 9 624 52° 482 41° 543 37° 418 65° 369 107° 556 41° Ogliastra 537 43° 25 601 67° 467 54° 503 56° 453 45° 584 43° 616 21°

ITALY'S AVERAGE - - - 619 - 446 - 505 - 449 - 555 - 539 -

TOP OF THE RANKING 623 1° 2 791 1° 665 1° 717 1° 790 1° 684 1° 720 1° Trento Milano Trento Trieste Oristano Piacenza Siena

LAST OF THE RANKING 417 107° -1 502 107° 267 107° 301 107° 331 107° 369 107° 324 107° Napoli Messina Reggio-Calabria Crotone Pescara Medio Campidano Isernia

The ranking concerns 107 Italian Provinces Parameters: (1) Expenditure per capita; house price m2; bank deposits per inhabitant; monthly average pension; inflation; value added per capita. (2) Bankruptcies/1.000 registered enterprises; loans; registered enterprises/100 inhabitants; % of female employment; export; innovative startups/10.000 young people (3) Nursery schools; justice system efficiency; weather index; Legambiente index; Tagliacarne infrastructure index; health: % hospital emigration (4)Extortions/100.000 inhabitants; car robberies/100.000 inhabitants; burglaries/100.000 inhabitants; bag-snatchings-pickpocketings-muggings/100.000 inhabitants; frauds and computer frauds/100.000 inhabitants; reported crimes variation 2008-2012 (5) Inhabitants/kmq; divorces and separations/10.000 families; graduates/1000 young people; resident foreign population/100 inhabitants; migration rate; young people on total population (6) Access to broadband connection; sport index; bookshops/100.000 inhabitants; restaurants and bars/100.000 inhabitants; cinema/100.000 inhabitants; volunteers/1.000 inhabitants

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on data Il Sole 24 ore www.ilsole24ore.com-Dossier "Qualità della vita"

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2. Consumer price index for blue and white-collar worker households - Sassari, Cagliari and Italy Annual average rate of change (base 2010=100)

2013 ITEMS SASSARI CAGLIARI ITALY Food and non-alcoholic beverages 2,7% 2,2% 2,3% Alcoholic beverages, tobacco 0,9% 0,9% 1,3% Clothing and footwear -1,1% -0,4% 0,8% Housing, water, electricity, gas and other fuels 1,5% 1,8% 2,1% Furnishings, household equipment and routine household maintenance 1,2% 1,4% 0,9% Health -0,4% -0,3% 0,4% Transport 1,6% 1,3% 1,1% Communication -5,1% -5,0% -5,2% Recreation and culture 0,1% -0,3% 0,2% Education 3,1% 3,7% 2,5% Restaurants and hotels 0,5% 0,2% 1,7% Miscellaneous goods and services 1,0% -0,5% 1,1% All items excluded tobacco 0,9% 0,8% 1,1%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on data ISTAT

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3.a. REGISTRATIONS OF NEW VEHICLES IN SARDINIA AND NORTH SARDINIA (2008-2013*) Absolute values and percent variations CARS 2008 2009 2010 2011 2012 2013* VAR. % 2012/2011 VAR. % 2013/2012 SASSARI 9.526 10.243 8.561 6.806 5.114 4.847 -25% -5% OLBIA TEMPIO 5.239 5.144 4.236 3.409 2.134 1.878 -37% -12% TOT. NORTH SARDINIA 14.765 15.387 12.797 10.215 7.248 6.725 -29% -7% CARBONIA IGLESIAS 3.503 3.983 3.111 2.505 1.653 1.412 -34% -15% MEDIO CAMPIDANO 1.919 2.254 1.753 1.204 856 741 -29% -13% NUORO 3.633 3.729 3.042 2.260 1.578 1.321 -30% -16% OGLIASTRA 1.234 1.283 1.183 744 505 486 -32% -4% ORISTANO 3.549 4.267 3.448 2.419 1.751 1.542 -28% -12% CAGLIARI 16.122 17.074 15.004 11.594 9.390 8.463 -19% -10% TOT. SARDINIA 44.725 47.977 40.338 30.941 22.981 20.690 -26% -10% TOT. ITALY 2.161.359 2.159.924 1.962.042 1.749.740 1.403.021 1.304.628 -20% -7% COMMERCIAL VEHICLES GVW <= 3,5 TONS 2008 2009 2010 2011 2012 2013* VAR. % 2012/2011 VAR. % 2013/2012 SASSARI 763 720 548 487 291 210 -40% -28% OLBIA TEMPIO 528 505 364 343 196 162 -43% -17% TOT. NORTH SARDINIA 1.291 1.225 912 830 487 372 -41% -24% CARBONIA IGLESIAS 297 309 220 184 96 64 -48% -33% MEDIO CAMPIDANO 210 239 191 127 95 64 -25% -33% NUORO 410 395 305 238 173 124 -27% -28% OGLIASTRA 143 135 111 82 62 37 -24% -40% ORISTANO 394 461 344 240 163 130 -32% -20% CAGLIARI 1.475 1.400 1.155 931 601 546 -35% -9% TOT. SARDINIA 4.220 4.164 3.238 2.632 1.677 1.337 -36% -20% TOT. ITALY 221.830 175.849 180.686 170.672 116.963 101.369 -31% -13% TRUCKS GVW >3,5 TONS 2008 2009 2010 2011 2012 2013* VAR. % 2012/2011 VAR. % 2013/2012 SARDINIA 705 339 293 223 169 205 -24% 21% ITALY 34.477 19.086 18.130 19.474 13.741 12.662 -29% -8% BUSES (MINIBUS INCLUDED) GVW >3,5 TONS 2008 2009 2010 2011 2012 2013* VAR. % 2012/2011 VAR. % 2013/2012 SARDINIA 170 202 406 157 76 31 -52% -59% ITALY 4.252 3.027 3.750 3.063 2.131 2.372 -30% 11% TRAILERS AND SEMI-TRAILERS GVW>3,5 TONS 2008 2009 2010 2011 2012 2013* VAR. % 2012/2011 VAR. % 2013/2012 SARDINIA 284 152 143 193 89 120 -54% 35% ITALY 17.439 8.340 8.805 9.762 6.412 6.514 -34% 2%

*Provisional data, subject to revision Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on data ANFIA

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3.b. REGISTRATIONS OF NEW VEHICLES IN SARDINIA AND NORTH SARDINIA (2008-2013*) Registrations of new cars in the Sardinian provinces

18000 16000 14000 2008 12000 2009 10000 2010 8000 6000 2011 4000 2012 2000 2013* 0 SASSARI OLBIA TEMPIO CARBONIA MEDIO NUORO OGLIASTRA ORISTANO CAGLIARI IGLESIAS CAMPIDANO

Registrations of new commercial vehicles in the Sardinian provinces

1600 1400 1200 2008 1000 2009 800 2010 600 2011 400 2012 200 2013* 0 SASSARI OLBIA TEMPIO CARBONIA MEDIO NUORO OGLIASTRA ORISTANO CAGLIARI IGLESIAS CAMPIDANO

*Provisional data, subject to revision Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on data ANFIA

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4. ELECTRIC ENERGY PRODUCTION BY RENEWABLE SOURCES - YEAR 2012

(Values in GwH and % variations on the previous year) Biomass Var. % Territory Solar Wind Hydro Othe From municipal Geothermal Total 2012 Total 2011 Biogas Bioliquids 2012/2011 biomass waste Sassari 131,2 536,8 0,0 28,2 0,0 0,0 0,0 0,0 696,2 494,0 40,95% Olbia-Tempio 18,7 335,5 42,0 0,0 0,0 4,6 0,0 0,0 400,9 300,0 33,64% Nuoro 75,0 0,0 42,0 0,0 2,2 0,0 159,5 0,0 278,7 353,9 -21,24% Cagliari 150,0 107,4 0,0 107,6 28,3 4,6 0,0 0,0 397,8 314,1 26,65% Oristano 131,2 120,8 42,0 0,0 0,0 0,0 0,0 0,0 294,0 230,5 27,58% Ogliastra 18,7 174,5 84,0 0,0 0,0 0,0 0,0 0,0 277,2 286,9 -3,37% Medio Campidano 56,2 120,8 42,0 0,0 0,0 0,0 0,0 0,0 219,0 140,6 55,77% Carbonia-Iglesias 56,2 120,8 0,0 322,7 0,0 0,0 0,0 0,0 499,8 355,3 40,66% SARDINIA 637,5 1.516,5 252,0 458,5 30,4 9,2 159,5 0,0 3.063,6 2.475,1 23,78%

NORTH-WEST 3.243,7 93,9 20.034,5 491,8 963,0 2.353,7 175,2 0,0 27.355,7 25.852,0 5,82% NORTH-EAST 4.068,6 26,8 15.414,4 878,5 510,8 1.443,5 525,5 0,0 22.868,2 21.904,8 4,40% CENTRE 3.656,2 174,5 2.730,1 107,6 247,8 482,7 209,6 5.591,0 13.199,4 12.479,8 5,77% SOUTH AND ISLANDS 7.893,5 13.111,8 3.696,1 1.091,1 454,3 340,2 2.211,7 0,0 28.798,7 22.725,4 26,72%

ITALY 18.862,0 13.407,0 41.875,0 2.569,0 2.176,0 4.620,0 3.122,0 5.591,0 92.222,0 82.962,0 11,16%

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on data GSE

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5. THE MAP OF THE CRISIS BY PROVINCE. YEARS 2007- 2013

V= variations%; P=position Ranking* Bank Personal Medicines Urban waste Graduates x Registrations of Income per deposits loans Consumption** House expenditure production Unemployment 1000 young new vehicles capita (Var. % per capita (Var. % (Var. % 2013- price*** (Var. per capita per capita rate (Var. % people aged V P (Var. % 2013/2007) (Var. % 2013/2007) 2008) % 2013/2007) (Var. % (Var. % 2013/2007 25-30 (Var. % 2013/2007) 2013/2007) Average 2013/2009) 2012/2007) 2013/2007)

V P V P V P V P V P V P V P V P V P V P Sassari 58,6 12° -1,9 66° 56,4 26° -14,8 20° -22,7 15° -22,2 19° -70,8 4° -31,4 2° -7,8 53° 66,1 83° 44,4 103° Olbia-Tempio - - 3,5 97° - - -11,6 32° - - -7,4 105° -40,4 98° ------Cagliari 60,1 6° 0,8 85° 80,1 70° -6,3 53° -24,8 3° -23,3 13° -66,9 8° -25,9 3° -8,4 48° 89,5 67° 21,8 94° Nuoro 60,4 5° -5,0 48° 124,7 91° -12,3 29° -22,5 16° -11,1 76° -76,2 2° -37,6 1° -21,5 5° -3,8 103° 26,9 101° Oristano 52,1 34° -8,3 27° 68,5 51° -1,5 73° -22,8 12° -12,0 68° -67,6 7° 10,8 102° -28,7 2° 72,4 70° 13,4 67° Carbonia Iglesias - - -2,3 61° - - -2,1 69° - - -23,1 15° -29,1 104° ------Medio Campidano - - -10,6 16° - - -13,2 25° - - -16,0 43° -32,0 102° ------Ogliastra - - 7,3 107 - - -17,4 12° - - -12,5 61° -34,1 100° ------

ITALY'S AVERAGE - - -1,8 - 67,4 - -7,4 - -18,6 - - - -48,0 - -0,5 - -8,9 - - - 7,7 -

TOP OF THE 44,4 103° RANKING 28,9 103° 12,0 110° 259,3 103° 22,7 100° 12,5 103° -5,2 108° 320,1 107° 11,2 103° 35,9 105° -3,8 103° Vicenza Milano Isernia Modena Aosta Salerno Bolzano Vercelli Trapani Nuoro Sassari

LAST OF THE -13,3 1° RANKING 63,9 1° -16,8 1° 19,8 1° -29,4 1° -29,6 1° -28,2 1° -84,5 1° -37,6 1° -41,2 1° 418,5 1° Rieti Forlì La Spezia Belluno Ascoli Piceno Aosta Nuoro Catania Ferrara Catanzaro

*Index from 100 (crisis most accentuated) to 1 (least accentuated). The final score of Barletta-Andria-Trani, Carbonia-Iglesias, Fermo, Medio Campidano, Monza-Brianza, Ogliastra, Olbia-Tempio is not present because it was not possible to measure all the parameters **Expenditure/family on furnishings, household equipment, IT ***Average sales price per square meters of new flats (100 square meters, mid-central area)

Source: data processing Research and Statistic Office C.C.I.A.A. North Sardinia on data Il Sole 24 ore

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QUALITY OF LIFE

According to the latest Il Sole 24 Ore Quality of life ranking, the Province of Trento, with 623 points, has been named the best place to live in Italy in 2013, in terms of quality of life (table 1). Every year, the survey compares 107 Italian provinces measuring their liveability through a comprehensive set of parameters and makes a ranking for each of them: standard of living; business and work; services, environment and health; population; law and order, free time. In line with the results of the previous years, Naples ranked last, in light of the low scores obtained especially in the unemployment and law and order categories. The province of Sassari ranked 58th and gained 12 positions compared to the previous year. In fact, Sassari has registered an overall score of 529, which places the city around the middle of the national ranking. In particular, the province of Sassari has recorded a poor evaluation in Law and Order (97th position), whereas it boasts high grades in Free Time (7th position). Also the province of Olbia-Tempio – with 531 points – has conquered a better position in 2013 (55th compared to the 67th of 2012), mainly because of the high scores gained in Business and Work (16th position in the national ranking) and Free Time (15th position in the ranking) . The great positions of Sassari and Olbia-Tempio in the Free Time ranking are due to the number of bars and restaurants per 100.000 inhabitants, which has driven the two provinces of North Sardinia to achieve the first position for this index in the national ranking. Besides, it is worth to underline the first position of Oristano in reference to Law and Order (790 points), although it should be taken into account that Oristano is one of the least populated provinces (163.511 inhabitants in 2013) of Italy. The provinces of Carbonia-Iglesias and Medio Campidano register the worst results with regard to the population parameter (105th and 107th position, respectively), owing to the low scores concerning: divorces and separations per 10.000 families; balance between registrations and cancellations at office of vital statistics; % variation of people aged 0-29 on total population; graduate people per 1.000 persons aged 25-30; registered resident foreigners per 100 inhabitants. The current difficult economic situation is further highlighted when observing the “Map of the crisis by Province” (chart 5), a study of Il Sole 24 Ore that analyses the percent variations of different economic factors – income, bank deposits, personal loans, consumptions, house price, new car registrations, pharmaceutical expenses, production of urban waste, unemployment rate, number of graduate people – generally from 2007 (the last year before the crisis) to 2013. With a variation of 58,6% (wherein 100 stands for crisis most accentuated and 1 for least accentuated), the 1

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province of Sassari is located in 12th position, although it reaches the top of the ranking (103rd) when considering the percent variation (+44,4%) compared to 2007 of graduate people per 1.000 persons aged 25-30. Unfortunately, the steady decrease of new car registrations (tables 3a-3b) does not show signs of recovery. Sardinian figures (-10% of new car registrations) are aligned to national data (-7% of new car registrations) and the percentages concerning commercial vehicles are even worse (in 2013, -20% in the Island and -13% in Italy). Considering that this kind of vehicles represents a significant way of investment (especially in Sardinia, where road transport prevails over the other means of transport), the severe contraction of the last two years is a drastic confirmation of the widespread economic crisis, that affects all the operators of the Island. More encouraging data come from the production of electricity from renewable energy sources (chart 4): in 2012 Sardinia has registered a 24% growth, with excellent performances of Sassari (+40%) and Olbia-Tempio (+34%).

GLOSSARY Consumer Price Index: measures changes over time in the general level of prices of goods and services that a reference population acquires, uses or pays for consumption. A consumer price index is estimated as a series of summary measures of the period-to-period proportional change in the prices of a fixed set of consumer goods and services of constant quantity and characteristics, acquired, used or paid for by the reference population. Each summary measure is constructed as a weighted average of a large number of elementary aggregate indices. Each of the elementary aggregate indices is estimated using a sample of prices for a defined set of goods and services obtained in, or by residents of, a specific region from a given set of outlets or other sources of consumption goods and services.

2

PAGE 151 Economic Survey of North Sardinia 2014 Economic Survey of North Sardinia 2014

Edited by Research and Statistic Office Chamber of Commerce of North Sardinia Dr.ssa Monica Cugia, Dr.ssa Elisabetta Deidda e Dr.Massimo Carboni English translation edited by Dr.ssa Elisabetta Deidda www.ss.camcom.it [email protected] Via Roma 74 – 07100 Sassari (SS) tel. +39 079 2080 312 -234 fax 079 274928

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Graphic Design

by Research and Statistic Office

Chamber of Commerce of North Sardinia

Dr.ssa Elisabetta Deidda e Dr. Massimo Carboni

PAGE 153