Mestre’s CGIA business association reports Italy’s declining birth rate is starting to cause problems for the nation’s firms. The number of young people has dropped by almost 1million in the last ten years.
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The share prices of Italian banks plummeted on Tuesday after the government announced on Monday that it was imposing a 40% windfall tax on lenders’ surplus profits.
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A round-up of the top business and economy news on 1st August 2023.
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Italy’s economy is growing “beyond expectation”, making it the most reliable country in the Eurozone, Premier Giorgia Meloni said on today.
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Lufthansa is to buy 41% of ITA Airways via a 325-million-euro capital increase, the German carrier said on Thursday. It reached an agreement with the Italian economy ministry to acquire a minority stake.
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In her first budget since becoming Italian Prime Minister, Giorgia Meloni included a proposal regarding low-value digital payments. She proposes merchants should have the right to refuse digital payments for transactions below €60.
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Confindustria President Carlo Bonomi on Monday called for a new government to take power as soon as possible. He also wants it to be realistic in its goals.
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Italy’s net energy import costs are set to more than double this year, the economy minister said. He added the warning, Rome cannot not spend indefinitely to cushion the blow on the economy.
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The government coalition reached an agreement on the liberalization of Italy’s beach establishments. It is part of the reforms pledged by Italy in exchange for EU grants and low-interest loans.
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Campari plans to open several flagship bars for its best-selling spirits in Europe and beyond. First quarter results showed higher sales due to soaring demand for Aperol and Campari.
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