LAST MONTH IN BRIEF

11/11 MPs present around 4,500 amendments to the budget bill, which includes also a controversial provision that will raise taxes on all companies conducting their business online (see Deep Dive 1)

25/11 In Berlin, the Ministers of Industry of Italy and Germany hold the first summit foreseen by the Action Plan signed by the ministers in November 2023, focusing on measures to strengthen industrial competitiveness, in particular IPCEIs and strategic value chains

25/11 Unicredit, the biggest Italian bank, launches a voluntary public exchange offer for Banco BPM, triggering immediate political reactions (see Deep Dive 2)

26/11 The Minister of Environment and Energy Security presents Italy’s new strategy for hydrogen, setting measures and goals to expand the hydrogen industry in the country

26/11 The European Commission adopts a positive assessment of Italy’s progress on NRRP milestones and targets, giving the green light for the payment of the sixth instalment worth €8.7 bln (see our Graph of the month)

29/11 The Council of Ministers declares of strategic interest the project by Amazon Web Services (AWS) to build new cloud infrastructures in the Milan area, worth €1.2 bln

29/11 The European Commission approves the commitments proposed by Lufthansa and the Italian Minister of Economy to eliminate competition concerns, thus authorising the acquisition by the German airline of Italian state-owned ITA Airways after more than a year of negotiations

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