360° Coverage : Italy unveils new plan to draw foreign investors

4 Updates
Italy unveils new plan to draw foreign investors
Photo Credit: , Getty Images

Italy unveils new plan to draw foreign investors

Sep 19 2013, 9:48pm CDT | by IANS

Rome, Sep 20 (IANS) The Italian government has revealed a new draft programme -- Destination Italy -- which aims to attract investments from abroad.

Rome, Sep 20 — The Italian government has revealed a new draft programme -- Destination Italy -- which aims to attract investments from abroad. "The country has a dramatic need for foreign...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Italy unveils new plan to draw foreign investors

Sep 19 2013, 9:48pm CDT | by IANS

Rome, Sep 20 (IANS) The Italian government has revealed a new draft programme -- Destination Italy -- which aims to attract investments from abroad.

Rome, Sep 20 — The Italian government has revealed a new draft programme -- Destination Italy -- which aims to attract investments from abroad.

"The country has a dramatic need for foreign investment. With this act we want to give a strong message to the world", reported Xinhua citing Italian Prime Minister Enrico Letta Thursday at a press conference here.

Fifty measures have been planned to attract foreign investments, of which Italy is in "desperate need". The package contains some initiatives already taken by the cabinet during last four months and many other measures are still to be approved.

The goal is to simplify the way to businesses and to lure foreign investors, giving them predictability on tax issues, more incentives and consulting services.

The programme has been drawn up by several ministries and comprises inputs given by businesses, which includes measures to standardise and speed up authorisations and cutting bureaucratic processes, to simplify work-rules and reduce energy costs.

It is intended to make it easier and cheaper for small firms to get credit other than through bank loans as well as a new plan of privatisation, a streamlined legal system for businesses and new tax agreements customised for large scale investments.

It also intends to concentrate all commercial legal issues under the jurisdiction of a dedicated business court and to bring all legal cases of foreign firms in the three main cities of Milan, Rome and Naples.

According to the World Bank, Italy ranks 73rd (among 185 economies) in terms of how easy to do business.

IANS

Source: IANS

 
Update
4

1 week ago

Greater Cincinnati restaurant, retail center sells for $7.5 million

Oct 21 2014 9:48am CDT | Source: Cincinnati Business Courier

Investors purchased a 17,500-square-foot retail center in Deerfield Township for $7.5 million. The buyers, BSA Deerfield LLC, snatched up Deerfield Pointe, a $5 million center developed by Midland Atlantic, just south of Deerfield Town Center. The purchase price for the center, located at 9311 Mason-Montgomery Road, is nearly $430 per square foot. That falls right between the per-square-foot price of two other recent retail ...
Source: Cincinnati Business Courier   Full article at: Cincinnati Business Courier
 

 
Update
3

7 weeks ago

HK regulator sues China conglomerate Citic, ex-chairman for compensation over currency losses

Sep 11 2014 6:32am CDT | Source: Canadian Business Online

HONG KONG – Hong Kong regulators said Thursday they are suing state-owned Chinese conglomerate Citic and its former chairman in a bid to compensate investors over a huge loss related to a bungled bet on Australia’s currency. The Securities and Futures Commission said it launched legal proceedings against Citic Ltd. and five former executive directors for allegedly providing false or misleading information about th ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
2

8 weeks ago

S&P 500 closes at a record as investors snap up dividend-rich utility stocks

Sep 5 2014 3:12pm CDT | Source: Canadian Business Online

The Standard & Poor’s 500 index is closing at a record after a surge in dividend-rich utility stocks. The stock market also got a lift from a cease-fire agreement between Ukraine and Russian-backed separatists, aimed at bringing an end to nearly five months of fighting. The S&P 500 index rose 10 points, or 0.5 per cent, to close at 2,007 Friday. The tech-dominated Nasdaq rose 20 points, or 0.5 per cent, to 4,582. The Dow Jones industrial average gained 67 points, or 0.4 per ce ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

UN warns of worsening food crisis in Somalia
United Nations, Nov 1 (IANS) A UN food agency Friday warned that poor rains in Somalia may worsen the country's food crisis, a spokesperson said.
 
 
Canada suspends issuance of visas to Ebola-hit African countries
Ottawa, Nov 1 (IANS) Canada has suspended issuance of visas to residents of West African countries with "widespread and persistent-intense transmission" of Ebola virus disease, a media report said Friday.
 
 
Chinese unmanned lunar orbiter returns home
Beijing, Nov 1 (IANS) China succeeded Saturday in the world's first mission to the Moon and back, becoming the third nation to do so after the former Soviet Union and the US.
 
 
China pledges $81 mn financial assistance for Afghanistan
Beijing, Oct 31 (IANS) China Friday pledged to provide non-reimbursable assistance of 500 million yuan (about 81 million dollars) to Afghanistan this year at an international meeting on Afghanistan held here.
 
 
 

Latest from the Network

German Bundesliga standings
Berlin, Nov 1 (IANS) Following are the German Bundesliga standings after Friday's match (tabulated under matches played, won, drawn, lost, goals for, goals against, points), according to Xinhua. Bayern Munich...
Read more on Sport Balla
 
Indian appointed to UN peacekeeping panel
United Nations, Nov 1 (IANS) UN Secretary General Ban Ki-Moon has appointed Abhijit Guha, a retired Indian Army Lieutenant General, to a high-level panel to assess UN peace operations. Announcing the formation of the...
Read more on Politics Balla
 
Kim Kardashian wants to loose 10lb
Los Angeles, Nov 1 (IANS) Reality TV star Kim Kardashian, who shed weight after the birth of her daughter last year, is keen to loose 10lb (about 4.5 kg) more. She talked about loosing weight while talking to Grazia...
Read more on Celebrity Balla
 
US, EU to meet Iran over nuke talks
Washington, Nov 1 (IANS) US Secretary of State John Kerry will travel to Oman early next month for meetings with his Iranian and EU counterparts to push for a comprehensive deal over Tehran's nuclear programme by Nov...
Read more on Politics Balla
 
Amanda Bynes to remain under conservatorship
Amanda Bynes is set to remain under a conservatorship. A lawyer claiming to represent the 28-year-old actress, who was released from a psychiatric treatment facility in Pasadena, California on Thursday (10.30.14) after...
Read more on Celebrity Balla
 
Ben Affleck broke Jennifer Lopez's heart
Jennifer Lopez says Ben Affleck was the first guy who broke her heart. The 'Booty' hitmaker, who got divorced twice before she started dating the 'Gone Girl' actor in 2002, was completely devastated when they ended...
Read more on Celebrity Balla
 
Alicia Key's son is ready to be a big brother
Alicia Keys' son is ''so ready'' to be a big brother. The 33-year-old singer and husband Swizz Beatz are set to welcome their second child into the world on New Year's Eve (12.31.14) and says their four-year-old Egypt...
Read more on Celebrity Balla
 
UN warns of worsening food crisis in Somalia
United Nations, Nov 1 (IANS) A UN food agency Friday warned that poor rains in Somalia may worsen the country's food crisis, a spokesperson said. The Food and Agriculture Organisation (FAO) issued the warning that an...
Read more on Business Balla
 
1.26 mn uprooted Iraqis need shelter: UN
United Nations, Nov 1 (IANS) The UN Office for the Coordination of Humanitarian Affairs (OCHA) said that some 1.26 million internally displaced people (IDPs) throughout Iraq need shelter and basic supplies, UN...
Read more on Politics Balla
 
Price expects ghosts in new house
London, Nov 1 (IANS) Singer Katie Price feels that her new house is going to be full of ghosts. She recently moved into a west Sussex nine-bedroom mansion with husband Kieran Hayler and her five children. She's...
Read more on Celebrity Balla