Italy government

Italian government targets unvaccinated with restrictions as COVID-19 cases rise

Timeline of the United States COVID-19 Emergency Use Authorization Over the past year, the Food and Drug Administration has paved the way for adults and children to receive the COVID-19 vaccine as protection against the deadly coronavirus. ROME – The Italian government decided on Wednesday to exclude unvaccinated people from certain leisure activities in a […]

Italy tourism

Italian tourism will generate 3.16 billion euros during the All Saints holiday

Italy’s hotel association, Federalberghi Hotel Group, predicted last Thursday that the last weekend of October would be long and productive, as 3.16 billion euros were expected to be generated from that weekend alone. The prediction was based on the fact that Monday November 1 is a public holiday (All Saints Day), during which ten million […]

Italy government

Tensions between Italian government escalate over tax reform

A general view of the Italian Parliament as Prime Minister Mario Draghi addresses MPs on April 26, 2021 at Rome’s Montecitorio Palace with plans on how to spend EU recovery funds. Alberto Pizzoli/Pool via REUTERS Join now for FREE unlimited access to Reuters.com Register ROME, Oct 5 (Reuters) – Divisions within the Italian government deepened […]

Italy government

The Italian government will hire more than 22,000 temporary workers to help implement the recovery plan

Italian Prime Minister Mario Draghi’s government plans to temporarily hire more than 22,000 public administration workers to help implement Italy’s five-year recovery plan, according to a draft decree seen by Reuters. Italy is eligible for more than 200 billion euros ($242.20 billion) in grants and cheap loans from the EU Recovery Fund, making it the […]

Italy government

Italian government outsources economic strategy to private management consultants McKinsey

During its formation last month, the new government of Mario Draghi was presented by almost all the Italian and international media as a rescue operation. Where former European Central Bank (ECB) chief Draghi “saved the euro” in the 2010s, most outlets gushed about “Super Mario» and his project of «save italy“by pouring 209 billion euros […]

Italy tourism

Italy Tourism again a ministry after 60 years

An Italian Ministry of Tourism was created 60 years ago after 24 political changes. Due to COVID-19, the country saw 273 million fewer tourists in 2020. How will the 224 billion euros of the recovery plan be spent? This is what the new Mario Draghi, Italian Prime Minister, has decided. Italy Tourism leaves the Department […]

Italy government

The Italian government is in crisis in the midst of a pandemic

ROME — Italy’s history of political instability resurfaced on Wednesday in particularly volatile times as a government crisis began amid a pandemic that has devastated the country, raised doubts over the competence of its leaders and intensified political battles. The government, a wobbly coalition of convenience between increasingly unpopular populists and the centre-left establishment, seemed […]

Italy government

Italian government falters ahead of 200 billion euro relief from EU

Just in time to make the headlines in the Italian evening newspapers on Wednesday evening (January 13), Matteo Renzi withdrew the two ministers of his small party, Italia Viva, Teresa Bellanova and Elena Bonetti – formalizing the political crisis of the government led by the former Minister Minister Giuseppe Conte. During Wednesday’s press conference, Renzi […]

Italy government

Italian government wavers on how to revive economy after Covid-19

ROME—In the depths of the pandemic, a sign of normality is returning to Italy: political instability. Prime Minister Giuseppe Conte’s government is struggling to avoid collapse after a small coalition member threatened to withdraw vital parliamentary support. The Italia Viva party, led by former Italian Prime Minister Matteo Renzi, has long been skeptical of Mr […]

Italy government

The Italian government borrows money for free

The most indebted EU economy after Greece published on Tuesday three year bond which bears no interest. Investors will not receive anything until the bond matures in 2024. This is the latest sign that very little is preventing governments, backed by the firepower of their central banks, from to borrow whatever it takes to rebuild […]

Italy tourism

Impact of Covid-19: Italy’s tourism sector set to contract by 100 billion euros

The impact of the ongoing Covid-19 pandemic on Italy’s tourism sector could reach 100 billion euros ($118 billion), far more than previous estimates, according to studies. Studies published on Monday by Confiturismo and Assoturismo, two of Italy’s most important industrial groups, indicated that the amount corresponded to more than 6% of the country’s GDP at […]

Italy tourism

Effects of the coronavirus pandemic on the Italian tourism industry

Confturismo, the country’s tourism association, said Italy had already lost 30 million tourists between March and May. From Rome to Milan, from Naples to Venice, Italy has been one of the most popular tourist destinations in the world for the past few decades. A country with diverse offerings including 55 UNESCO World Heritage sites, fabulous […]

Italy tourism

Death in Venice? Italian tourism under respiratory assistance

“This is the worst crisis Italy has had to face since the end of World War II,” says Emanuele Felice, professor of economic history at the University of Chieti-Pescara and economic adviser to the Democratic Party ( a left-wing party which, together with the Five Star Movement and Italia Viva, supports the government led by […]

Italy government

“Flight to Yield” Boosts Demand for Italian Government Bonds

* Eurozone periphery government bond yields tmsnrt.rs/2ii2Bqr LONDON, Jan 29 (Reuters) – Italy’s 10-year bond yield fell to its lowest level since mid-October on Wednesday as appetite in global markets improved and concerns subsided. regarding Italian political risks has kept investors interested in the bloc’s higher-yielding bond markets. After falling sharply in recent sessions, yields […]

Italian cuisine

The Asia-Pacific region leads in sales of Italian cuisine

[Photo/VCG] It’s no surprise that Italian cuisine is popular globally and growing in popularity. What might be more surprising is that the fastest growth is taking place in the Asia-Pacific region. According to the “Italian Cuisine Market Monitor” report – produced by consultancy group Deloitte in partnership with Alma, the international school of Italian cuisine […]

Italy government

Why is the Italian government considered pro-China?

Op/Ed by Joseph Percy In March 2019, Italy became the first major economy to sign a memorandum of understanding on China’s Belt and Road Initiative (BRI) – an infrastructure financing program aimed at linking Asia’s trade routes with the world. Africa and Europe. The non-binding agreement, in addition to signaling other investment opportunities, designates some […]

Italy government

Italian government approves landmark welfare reforms

ROME (Reuters) – Italy’s government on Thursday approved landmark reforms to the welfare and pension system, election promises from the anti-establishment 5 Star Movement and the right-wing League, which mark a major overhaul of the state- welfare of the country. FILE PHOTO: Italy’s Prime Minister Giuseppe Conte speaks during a meeting with Italian business people […]