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Monthly Brief on the Italian Political Economy – December 2024

LAST MONTH IN BRIEF

	02/12 MP Tommaso Foti is sworn in as Minister for EU Affairs by President of the Republic Sergio Mattarella, following Raffaele Fitto’s appointment as Executive VP in the new European Commission
	10/12 The European Commission selects Italy’s IT4LIA AI Factory project to build one of the first AI factories in EU, a digital development ecosystem entailing the placement of an AI supercomputer to enhance industrial innovation (see Deep Dive 1)
	17/12 Following CEO Carlos Tavares’ resignation, Stellantis officially presents the “Piano Italia” to the Italian government; it is the new industrial plan to safeguard the group’s investments and employment levels in Italy
	17/12 The annual Italian Market and Competition Law is published in the Official Gazette; it includes key provisions that revolutionise Italy’s regulatory framework for start-ups (see Deep Dive 2 andour Graph of the Month)
	18/12 The European Commission approves Italy’s €1.3 bln State aid to Silicon Box for the construction of a chiplet factory in Novara, Piedmont (seeour March 2024 Monthly Brief)
	30/12 Following the payment of the sixth instalment of the National Recovery and Resilience Plan (NRRP), Italy sends the payment request for the seventh, worth €18.3 bln
	31/12 After approval by both Chambers of Parliament, Italy’s annual budget law is published in the Official Gazette, entering into force on the first day of 2025.