Economy Minister Giancarlo Giorgetti said while he does not consider the European Union’s new Stability and Growth Pact ideal, it is a significant improvement on the EU’s old budget rules.
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Italy’s inflation rate climbed to 1.3% in March compared to the previous year, showing a slower rise than expected. This development underscores the current state of the Italian economy, which is experiencing what can be described as a ‘soft landing.’
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The birth rate in Italy continued its decline in 2023, with provisional data from ISTAT revealing 379,000 resident births, equivalent to 6.4 births per thousand people.
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Confindustria President commented on the government’s 2024 budget bill, deeming it “reasonable” in its focus on aiding low-wage earners. However, he criticised its incompleteness, whilst the Audit Court called it narrow.
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Eurostat released its latest Key Figures on European Living Conditions report on 20th October. It reported that 63% of Italian households struggle to make ends meet. Other statistics also made poor reading.
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The cabinet has approved a decree containing measures targeting southern Italy, sources said today. The decree creates a single special economic zone (SEZ).
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In 2022, the European Anti-Fraud Office (OLAF) opened ten investigations against Italy for EU fund fraud. Italy came second in Europe behind Hungary.
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Italy’s government is convening a crisis meeting to address soaring pasta prices. The price of Italy’s popular basic food surged almost twice as much as the country’s inflation rate last month.
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