This past Sunday, Stellantis announced that its CEO had resigned after informing President of the Republic Sergio Mattarella and Premier Giorgia Meloni. The newly formed temporary Executive Committee will be headed by John Elkann, president of the Stellantis group. Potential candidates for the new CEO position have already emerged: the Frenchmen Olivier Francois and Jean-Philippe...
The Italian bank Unicredit just launched a 10.1 billion euro offer to acquire Banco BPM, potentially entailing one of the biggest operations in the Italian banking market of the last years. This move is part of the phenomenon labeled by Italian media as “banking Risk”, in reference to the famous board game, describing to the...
The Italian Ministry of Economy and Finance recently sold 15% of Monte dei Paschi di Siena, one of the world’s oldest financial institutions. In 2017, the government had nationalized the bank in an attempt to save it, but in October 2023 the Italian Treasury decided on its privatization to make it more competitive. In November...
The new Italian Budget Act was recently signed by the president of the Republic, Sergio Mattarella. Among the important measures that it includes, one has been widely commented on the Italian media: the reduction of the Italian tax wedge, which is among the highest in Europe. In sum, the threshold for tax benefits is raised...
Italy’s history as a unified state started in 1861, but its actual history began centuries earlier. Florentine poet Dante Alighieri already praised the virtues of the Belpaese (“beautiful country”) just before the Renaissance movement would turn cities such as Rome, Milan and Florence into the cradles of art and scientific inquiry that characterize Western civilization....
This year seems very promising for southern European economies: for the first time in years, Greece, Spain and Italy have positive growth prospects, especially in comparison to other European countries. In fact, while France is expecting 1.1% GDP growth for this year, Germany is expected to close this year with a negative growth of -0.2%,...
A recent meeting between Italian prime minister, Giorgia Meloni, and the CEO of Blackrock, Larry Fink, indicates a potential investment opportunity or the New York-based asset-management collosus. Blackrock already possesses shares of several Italian companies like UniCredit and Eni, and was allowed by the Italian government to own more than 3% of the shares of...
According to Italy’s National Institute of Statistics (Istat), the Italian economy grew by 0.7% in 2023, more than what was estimated in 2021 and 2022. As a result, total GDP volumes stand higher than the historical highest achieved in 2007, before the financial crisis. Although this should be considered “good news”, as stated by Samy...
