Monthly Briefs

Monthly Brief on the Italian Political Economy – May 2024

LAST MONTH IN BRIEF

06/05 The Council of Ministers approves a Decree to support the farming and fishing sectors, including a provision that poses limits to the installation of photovoltaic panels on agricultural lands (see Deep Dive 1) 

07/05 A Decree to reform the management of the EU Cohesion funds enters into force and it includes important changes to the long-standing tax breaks for employment in the South (see Deep Dive 2)  

15/05 The Ministry for Enterprises and Made in Italy organises the first meeting on Regional Technological Aerospace Districts, to identify the priorities of the sector and present the approach behind the upcoming Italian Space Law

17/05 PM Meloni holds a meeting with the representatives of the Business 7, the body for private sector industries within the G7 format. The Italian Presidency of the B7 handed the President the private sector recommendations on how to face the main current global challenges

22/05 The government freezes the implementing decree on the so-called “redditometro”, scaling back on strengthening the checks against tax evasion, mainly due to fear for electoral backlash  

27/05 Minister Urso signs an agreement, within the framework of the Mattei Plan, with Tunisia’s Minister for Communication Technology Nizar Ben Neji to promote economic and industrial collaboration on artificial intelligence and digital transition 

30/05 The European Commission approves the acquisition of NetCo, which comprises the fixed-line network business of Telecom Italia S.p.A. (‘TIM') as well as FiberCop S.p.A (‘FiberCop'), by the American fund KKR (seeLUHNIP January Monthly Brief)    

30/05 The energy ministers of Italy, Austria and Germany sign a cooperation agreement to develop a network to transport hydrogen from the southern Mediterranean to northern Europe. Italy is set to play a strategic role allowing to pump gas from Africa to Central Europe

31/05 The European Commission approves €2 billion in Italian State aid to the Italian-French STMicroelectronics to build a new semiconductor manufacturing facility in Catania, Sicily

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