The Italian government is advancing its privatization plan to meet its 2024 financial targets.
With nearly 50% of the annual goal achieved through the sale of stakes in Eni and Mps, the Ministry of Economy is considering selling a 15% stake in Poste Italiane by October, potentially raising 2.5 billion euros.
This move is part of a broader strategy to generate 6 billion euros annually, aligning with the three-year target of 20 billion euros.
Despite internal debates and opposition, the government is on track to meet its objectives, with additional opportunities in Mps and Enav under consideration.

The Italian camper industry has seen a 20% production increase between August 2023 and July 2024, positioning Italy as a leading European producer.
Despite this growth, the sector faces challenges due to a 20-30% rise in vehicle prices, largely attributed to increased chassis costs.
The Tuscany region, a hub for high-end camper production, is predominantly controlled by foreign multinationals.
While exports and profits have surged, concerns about affordability and potential contract non-renewals loom.

In December 2023, Italy established the National Underwater Dimension Hub (Pns) to consolidate maritime cluster stakeholders.
This initiative aims to enhance the management of underwater resources, a sector crucial for maritime trade, energy, and critical minerals.
The Pns, led by the Italian Navy, involves ministries, large enterprises, SMEs, startups, universities, and research centers.
Initial projects focus on developing technologies for critical infrastructure protection and marine ecosystem sustainability.
The hub's strategic priorities include cybersecurity and surveillance systems, with significant participation from industry leaders like Fincantieri and Leonardo.

Rome is witnessing a surge in luxury hotel investments, with at least 14 high-end hotels set to open in the coming years, adding over 1, 500 rooms.
Despite luxury accommodations comprising only 9% of the total room offerings, the sector has seen a 30% increase in sales from 2018 to 2023.
This growth is driven by the limited presence of international hotel chains and the high spending power of luxury hotel guests.
The expansion is expected to enhance Rome's appeal to affluent tourists, particularly from emerging markets, and bridge the gap with other major capitals like Paris and London.

The 64th edition of the Genoa International Boat Show, scheduled from September 19 to 24, 2024, is set to showcase significant growth in the nautical sector.
With a 16% increase in online ticket sales and an additional 5, 000 square meters of exhibition space, the event highlights the industry's robust expansion.
The Italian nautical sector has seen a consistent double-digit growth in revenue and employment, with over 30, 000 direct employees in 2023.
The show will feature over 1, 000 brands and boats, with a focus on maintaining a seamless visitor experience amidst ongoing waterfront renovations.
The event underscores Genoa's leadership in the nautical industry, despite global economic uncertainties.

Eni and Snam have initiated Italy's first CO2 capture and storage project in Ravenna, with an investment of €1.5 billion.
The project aims to decarbonize energy-intensive industries by capturing, transporting, and storing CO2 emissions from Eni's gas treatment plant.
The initiative is expected to achieve a CO2 reduction efficiency of over 90%, with future plans to expand storage capacity to 4 million tons annually by 2030.
This project aligns with European goals for CO2 storage and leverages existing infrastructure and expertise in the Ravenna area.

The global herbal market has seen a 24% growth from 2021 to 2023, reaching $200 billion.
In Italy, the sector has surpassed 800 million euros, driven by essential oils, spices, and medicinal plants.
Despite the growth, challenges such as fragmented production and labor shortages persist.
Emilia Romagna exemplifies this growth with an 82% increase in cultivation area.
Italy, while importing 72% of its botanical raw materials, excels in exporting high-value products like essential oils and oregano.
The demand from major markets like India and China for quality herbs presents a significant opportunity for Italy.

The Italian logistics sector is experiencing a wave of mergers and acquisitions, with the Gavio Group leading the charge.
Historically characterized by small-scale operations, the industry is now moving towards consolidation, attracting investment funds interested in acquiring stakes in logistics companies.
This trend is highlighted in a recent publication by Federservice, presented at the Transpotec fair in Milan.
Notable recent acquisitions include Argos Climate Action Fund's majority stake in Bracchi and F2i Sgr's acquisition of Compagnia Portuale Monfalcone.
The sector's dynamism is further evidenced by significant deals involving major players like MSC and Gruber Logistics, aiming for vertical integration and expansion.

The recent enactment of Law 105/2024, converting the 'Salva Casa' decree, introduces significant flexibility in urban land use, allowing easier changes in property usage.
This legislation facilitates 'horizontal' changes within the same functional category and 'vertical' changes across different categories, especially in urban areas.
However, while individual units benefit from these changes, entire buildings face restrictions based on urban planning regulations.
The law aims to reduce costs associated with repurposing buildings, but challenges remain for larger structures like tourist accommodations, which require urban planning modifications or specific exemptions.

Elba Island's real estate market is experiencing a significant surge in demand, outpacing available supply by 30%. Known for its rich history and stunning Mediterranean landscapes, the island remains a sought-after destination for second homes.
Property prices start at 3, 000 euros per square meter, with some areas reaching up to 10, 000 euros.
The market is particularly vibrant in coastal areas, with a diverse range of properties available, from small apartments to historic villas.
Rental prices also vary widely, influenced by seasonality and property type.

From October 1st, a new mandate requires non-construction companies and self-employed individuals working physically in temporary or mobile worksites to obtain a credit license.
This excludes those providing only supplies or intellectual services and companies with SOA certification of class III or higher.
The digital license can be applied for via the National Labor Inspectorate's portal.
Initially, a self-certification can be submitted, valid until October 31, 2024.
The application must be completed by November 1st to continue operations.
Requirements include Chamber of Commerce registration, compliance with training obligations, and valid fiscal and contribution documentation.
Foreign entities must provide equivalent documentation or apply similarly to Italian entities.
False declarations can lead to license revocation.

Investing in rental properties in major cities can be lucrative, especially in areas attracting tourists, students, and workers.
The decision hinges on calculating gross returns and potential property value appreciation.
While tourist rentals offer higher but irregular income, long-term leases provide stability.
The property market varies across Italy, with cities like Milan and Rome showing high prices and potential growth, while smaller cities offer affordability.
The trend towards short-term and transitional rentals is rising, reflecting changing demands and investment opportunities.

The recent Bank Lending Survey highlights a tightening of credit standards in the Eurozone, with Italy showing a unique trend of easing credit for low-energy manufacturing firms.
Green mortgages, offering favorable terms for energy-efficient properties, have seen significant growth, driven by regulatory changes and banks' internal criteria.
Despite the modest financial benefits, these mortgages play a crucial role in the broader context of sustainable finance and energy transition, especially in light of the EU's new energy performance directive.
The real estate sector's shift towards sustainability is essential for economic growth and environmental responsibility.

The upcoming guidelines for an effective Tax Control Framework (Tcf) highlight the responsibilities of taxpayers as outlined in the recent decree by the Ministry of Economy and Finance.
Companies aiming for cooperative compliance must understand the operational implications of signing the Code of Conduct by October 5, 2024.
Key duties include implementing measures to prevent involvement in tax fraud, such as carousel fraud and fictitious contracts.
Effective tax risk management involves identifying roles and responsibilities, conducting supplier checks, and ensuring proper contract reviews.
Additionally, maintaining a robust financial information control system is crucial, especially for companies not legally required to have structured controls.
The Tcf should also map fiscal risks related to accounting principles, avoiding redundant controls and simplifying the system.

The Transition 5.0 tax credit process begins with a preliminary communication from businesses outlining their innovation projects.
This communication, submitted via the Gse platform, must detail the project, eligible investments, and potential tax credit amount.
The Gse responds within five days, confirming the reserved tax credit.
If data is incomplete, businesses have ten days to provide additional information.
A 20% deposit is required within 30 days of Gse's confirmation.
Upon project completion, businesses submit a final communication to confirm the tax credit amount, which cannot exceed the initially reserved amount.

From December 12, 2024, to January 30, 2025, businesses in Simplified Logistics Zones (ZLS) can apply for tax credits by reporting their eligible expenses to the Revenue Agency.
This initiative, outlined in a recent decree, aims to stimulate investments in these zones, with a total fund of 80 million euros available.
The decree, pending publication in the Official Gazette, specifies that the maximum tax credit will be determined based on the total requests received.
Eligible investments include new machinery, equipment, and real estate, with specific value limits.
Currently, only the Venetian and Genoese ZLS are established, but they need to expedite their operational processes to benefit from this incentive window.

The European Court of Justice is set to decide on the compatibility of Italy's IRAP tax on bank dividends with the EU's Parent-Subsidiary Directive, which aims to prevent double taxation.
The Italian Constitutional Court previously deemed the tax constitutional but suggested the directive could apply to IRAP. Divergent lower court rulings have emerged, with some aligning with the directive's principles and others not.
The matter has been referred to the EU Court for a definitive ruling.

Recent reforms in the penalty system have introduced a new non-punishability clause for tax offenses related to the non-payment of withholdings and VAT, provided the circumstances are beyond the taxpayer's control.
The updated Article 13 of Legislative Decree 74/2000 now exempts individuals from punishment if the non-payment results from unforeseen events not attributable to them.
The law requires judges to consider factors such as non-transitory liquidity crises due to third-party insolvency or non-payment by public administrations.
The Supreme Court has begun to interpret these changes, emphasizing the importance of client insolvency in determining non-punishability.

Starting September 1st, new regulations on contribution violations will be implemented, introducing a more lenient penalty system for those who voluntarily pay due contributions within 120 days.
The changes also include a new information exchange system between INPS and taxpayers to facilitate compliance and encourage regularization.
Additionally, a parallel assessment process will be introduced, allowing for external inspections related to contributory liability in outsourcing situations.

The Supreme Court has confirmed that initiating a tax audit does not prevent the submission of a late tax declaration within 90 days of the deadline.
While audits previously hindered the possibility of reduced penalties through self-correction, they do not affect the validity of a late declaration.
This was highlighted in a recent ruling, emphasizing that only declarations submitted beyond 90 days are considered omitted.

The Italian Supreme Court has clarified that a criminal acquittal, finalized before the reform of sanctions, can influence ongoing tax litigation if the case is still pending.
This decision, based on the new Article 21-bis of Legislative Decree 74/2000, allows for the criminal acquittal to have res judicata effect in tax proceedings, provided the acquittal was due to the non-existence of the fact or the defendant's non-involvement.
The ruling marks the first application of this reform, emphasizing the need for the tax case to be pending as of June 29, 2024, for the acquittal to impact the tax judgment.

This analysis explores the conditions under which beneficiaries can terminate a trust and the tax implications of returning trust assets to the settlor.
It examines the application of the 'Saunders vs Vautier' rule, the process of trust termination when beneficiaries renounce their positions, and the resulting tax considerations.
Recent tax authority responses indicate that returning assets to the settlor does not trigger inheritance or gift tax, as no wealth transfer occurs.
The analysis critiques previous tax authority positions and highlights the importance of understanding the economic benefit rather than the legal transfer in determining tax liability.

The recent ruling by the Cgt of Trentino-Alto Adige highlights the importance of the 'commerciality' requirement for the application of the participation exemption (Pex) regime.
The case involved a startup aiming to develop an environmental engineering prototype, which failed technical tests and was liquidated due to lack of further investment.
The court emphasized that for Pex eligibility, a company must transition from preparatory activities to actual business operations.
Without this transition, the participation cannot be considered Pex.
This decision underscores the necessity for startups to demonstrate a clear path from preparation to commercial activity to benefit from tax exemptions.

The Transizione 5.0 initiative allows for the inclusion of a single asset in innovation projects, but extends the timeline for credit utilization due to the requirement for post-intervention certification.
The recent circular clarifies that a single material asset can independently transform process inputs into outputs.
However, the definition of 'productive structure' and its energy consumption metrics may not align with previous interpretations.
The final certification process demands a thorough assessment of energy efficiency achievements, adding complexity and time to project completion.

The legislative decree 87 of June 14, 2024, introduces a reduction in penalties for taxpayers who fail to pay taxes or pay them late.
The penalty for delayed or missed payments, previously set at 30%, is now reduced to 25%. This change applies to violations from September 1, 2024.
For delays not exceeding 90 days, the penalty is halved to 12.50%, and for delays up to 15 days, it is further reduced to 0.833% per day.
The decree also outlines the conditions under which the new penalty rates apply, including automated and formal checks by the tax authorities.

The recent Supreme Court ruling highlights the importance of applying individual corporate tax rules, particularly the principle of relevance, within a fiscal consolidation framework.
Despite the unified taxable income of a group, each entity must adhere to its own business income rules, which can lead to costs being deemed non-deductible if they lack relevance.
This decision overturns previous judgments favoring taxpayers and emphasizes the need for careful tax calculations within consolidated groups.

The Italian Revenue Agency has clarified that while the Masterfile for transfer pricing documentation can be submitted in English, the local file must be in Italian.
This decision, responding to a multinational's query, highlights the ongoing debate over language requirements in tax documentation.
Despite the ability of tax auditors to understand English documents, the agency insists on Italian translations to benefit from penalty exemptions.
The ruling underscores the need for companies to weigh the costs of translation against the benefits of compliance.

The European Union is focusing on digital innovation in invoicing and intra-union trade management through the Vida package, set for approval in late 2024.
Key legislative amendments have been introduced, mandating structured electronic formats for cross-border transactions while allowing flexibility for domestic operations.
The Intrastat model remains crucial for VAT fraud prevention.
Changes also affect the recipient's consent for electronic invoices, with a transition period until 2028.
These developments aim to streamline processes and enhance international business operations.

The determination of tax residency for foreign companies remains a complex issue, especially for multinational groups with subsidiaries abroad.
Recent legal developments, including the amendment of Article 73, paragraph 3 of the TUIR by Legislative Decree 209/23, aim to clarify these matters.
Two significant court rulings highlight the distinction between legitimate business operations and tax evasion.
The CGT Lombardia ruling emphasized the business-driven nature of a French subsidiary, while the Cassation ruling reaffirmed that mere direction and coordination by an Italian parent company do not constitute tax residency in Italy.
These decisions underscore the importance of genuine business activities and the independence of foreign subsidiaries.

The European ceramic industry faces significant challenges due to international crises, EU regulations, and unfair competition, particularly from India.
Industry leaders emphasize the need for revised EU policies on CO2 emissions and advocate for a 'Made in Europe' label to ensure product origin transparency.
Despite these challenges, the sector remains a leader in quality and exports, with substantial investments in green initiatives.
Italian industry representatives call for a balanced transition respecting technological neutrality and highlight the importance of energy diversification, including nuclear options.

As activities resume post-summer, Northern Italian regions are restarting the bidding processes for large-scale hydroelectric concessions.
The ongoing debate centers around a unique PNRR regulation mandating competitive bidding, which some stakeholders wish to expand to allow reassigning concessions to current operators in exchange for significant investment commitments.
Recent legal developments and potential European negotiations could influence the future of these concessions, impacting investment and energy stability in Italy.

The Italian government has reached a compromise with the European Commission regarding the reform of beach concessions.
Municipalities are required to initiate tenders by June 2027, with extensions possible until September 2027.
However, municipalities can choose to start the process earlier.
The reform includes compensation for outgoing concessionaires but excludes preferential rights.
The new concessions will last between 5 to 20 years, with specific criteria to protect local businesses and micro-enterprises.

The Italian government has approved changes to the legislative decree implementing the EU Directive 2022/2464 on corporate sustainability reporting.
Key updates include new thresholds for defining listed SMEs and adjustments to the sanction regime for auditing activities.
The scope of reporting obligations has been expanded to include listed SMEs with a revised employee parameter.
However, large cooperatives remain excluded from these obligations.
The decree also modifies penalties related to Consob's certification activities, capping fines for auditing firms and sustainability auditors for two years post-enactment.
The phased implementation of these provisions will begin in 2024.

The implementation of mandatory catastrophic insurance for businesses is progressing, with a decree expected soon.
The decree aims to regulate insurance coverage for events like earthquakes and floods, and includes measures to mitigate premium costs.
Key elements include event definitions, exclusions, indemnity limits, and deductibles.
The deadline for compliance has been extended to early 2025 to allow companies time to adjust.
The decree also provides flexibility for large enterprises and mandates comprehensive coverage for smaller ones.
An Ivass study highlights the variability in current market offerings, emphasizing the need for clear negotiation on exclusions and limits.

The Italian government has announced a renewed financial support package of 32 million euros for small and medium enterprises (SMEs) to enhance their industrial property rights.
The initiative, detailed in a recent decree, aims to continue the support for patents, designs, and trademarks through the Brevetti+, Disegni+, and Marchi+ programs.
The funds are allocated as 20 million for patents, 10 million for designs, and 2 million for trademarks.
A significant change in this edition is the administrative shift to the Directorate General for Business Incentives, aiming for better synergy with other business support measures.
The incentives are provided as non-repayable grants under the 'de minimis' regime, with an increased ceiling allowing more enterprises to benefit.
Additionally, the 'new patent box' offers further tax deductions for research-related expenses.

Starting September 1st, the second phase of the National Identification Code (Cin) for short-term rental properties is in effect, following a trial period that saw regional adjustments.
This code, mandatory for approximately 500, 000 short-term rentals, aims to facilitate effective monitoring by tax authorities.
The code must be displayed both inside and outside the property and included in all online listings.
Non-compliance could result in fines up to 8, 000 euros.
Major platforms like Airbnb and Booking.com are urging property owners to comply, with specific instructions on how to update listings.
Failure to update could lead to listing removal, emphasizing the importance of accurate information.
Legal debates continue over the responsibility of platforms in ensuring listing accuracy.

The Italian Civil Code mandates that treasury shares in non-listed companies must be included in both the constitutive and deliberative quorum calculations during shareholder meetings.
This differs from listed companies, where treasury shares are excluded from the deliberative quorum.
The Supreme Court's decision highlights the rationale behind this distinction, emphasizing the absence of a quantitative limit on treasury shares in non-listed companies and the equitable treatment of all shareholders.
The ruling ensures that majority shareholders cannot unilaterally control decisions, maintaining a balance of power.

The ongoing debate surrounding the distribution of resources in business continuity agreements is fueled by recent legal provisions.
These provisions emphasize the absolute priority rule for liquidation value distribution and relative priority for surplus distribution.
A key issue is defining 'liquidation value, ' which influences third-party investor interest in business acquisitions.
Recent court decisions suggest that liquidation value should reflect the potential realizable value of a debtor's entire estate at the time of the agreement filing.
This interpretation may limit the application of relative priority, as it would only apply when the value from business continuation exceeds that from liquidation.

The national legislature has finalized a reform of customs regulations, introducing the Unified Customs and Control Window (S.U.DO.CO) to consolidate administrative checks at customs.
This initiative aligns with the EU's Single Window concept, which facilitates international trade by allowing parties to submit information and documents through a single entry point.
The EU regulation 2022/2399 outlines the framework for the EU Single Window Environment for Customs, aiming for a unified interface by 2031.
While the EU regulation covers the administrative phase, member states manage the One-Stop Shop for simultaneous checks.

The Italian government is in the final stages of negotiations with the European Commission to resolve the ongoing dispute over beach concessions.
The proposed plan, initially suggesting extensions until 2029, has been revised to end on September 30, 2027, following feedback from Brussels.
The plan includes mandatory tenders by June 30, 2027, and completion by March 31, 2028.
The proposal excludes preferential rights for current concessionaires but allows for compensation based on recent investments.
Social criteria will favor small businesses in the tender process, and there will be no increase in annual fees.

The Italian Supreme Court has upheld a ruling against a construction company for administrative liability under Law 231, due to an incident involving an untrained employee working at height.
The court emphasized that even isolated violations of safety regulations can result in corporate liability if they reflect organizational shortcomings.
The case highlights the importance of adhering to safety protocols and the broader implications of cost-saving measures that compromise worker safety.

The EU's Nature Restoration Regulation, effective from August 18, 2024, aims to halt urban green space loss, protect biodiversity, and restore habitats.
It mandates EU states to implement measures to restore degraded ecosystems, addressing climate change impacts and enhancing urban living conditions.
Despite opposition from several countries, the regulation requires restoring 20% of EU land and marine areas by 2030, with a complete restoration by 2050.
It emphasizes economic growth, sustainable agriculture, and biodiversity, with national plans monitored by the European Commission and the European Environment Agency.

The Emilia-Romagna Tax Court of Second Instance has ruled that holding minority stakes in commercial companies results in the loss of 'agricultural company' status and the associated tax benefits.
This decision, based on the interpretation of legislative decrees, highlights the strict exclusivity required for agricultural activities.
The ruling may prompt further examination by the Court of Cassation to clarify the scope of tax benefits for agricultural companies, especially regarding activities deemed marginal or instrumental.

The legal framework governing the preparation and dispatch of condominium meeting minutes has been updated by Law 220/2012.
Administrators are now required to maintain a register of meeting minutes, including details of assembly activities and decisions.
While the law does not specify a deadline for sending minutes to attendees, it is crucial to do so promptly to avoid legal complications.
The right to challenge assembly decisions is time-sensitive, and delays in dispatching minutes could hinder this process.
Historical court rulings emphasize the importance of timely communication, suggesting that administrators should act swiftly to prevent disputes.

The recent Agriculture Decree introduces a mandatory six-year duration for surface rights contracts related to renewable energy installations, raising constitutional concerns due to its retroactive application.
This impacts existing agreements, offering a limited withdrawal period for renegotiation.
Additionally, the decree restricts the use of agricultural land for photovoltaic installations, with exceptions for specific areas and projects.
Advanced agrivoltaic systems remain permissible, while simpler ground-based systems face potential limitations.

Renewable Energy Communities (RECs) in Italy are guided by national legislation, which allows flexibility in choosing a legal form, provided it is a private legal entity without profit motives.
The choice of legal structure, such as associations, cooperatives, or participation foundations, impacts the community's ability to deliver environmental, economic, and social benefits.
While cooperatives offer democratic participation and potential tax benefits, associations are cost-effective for smaller projects.
Participation foundations, though less common, are suitable for managing significant assets.
The debate continues on the best models for RECs, considering their unique needs and potential limitations.

Italy's GDP growth has outpaced that of Germany and France post-COVID, with significant revisions by Istat highlighting a robust economic recovery.
Despite a stable debt-to-GDP ratio since 2019, Italy's growth in 2021 and 2022 has been remarkable, surpassing pre-pandemic levels.
This growth, attributed to the 'Draghi legacy, ' challenges stereotypes of Italy's economic stagnation.
The recovery is broad-based, with notable increases in trade, hospitality, and professional services, despite demographic challenges.
Italy's per capita GDP growth is notably higher than that of its European counterparts.

Bonatti Group has secured a significant contract with EDF to build Corsica's first biofuel power plant, marking a milestone in sustainable energy.
This €500 million project will replace the old power station in Ajaccio, providing 100% renewable energy with minimal environmental impact.
The plant will be operational by 2027, contributing to Bonatti's record order backlog and expanding workforce.
The company is also eyeing future projects in Libya, Ravenna, and EastMed, leveraging its expertise in complex energy solutions.

Italy is positioning itself as a leader in the development of floating offshore wind technology, a nascent and costly alternative to traditional wind energy solutions.
With no current industrial projects worldwide, Italy aims to pioneer this technology, potentially becoming a global exporter.
The Med Wind project, a significant floating offshore wind farm, is planned off the coast of Mazara del Vallo, with an investment of 9.5 billion euros.
A memorandum with Chinese company MingYang Smart Energy aims to establish a turbine production hub in Italy.
Despite some European criticism, the focus remains on building a robust supply chain to meet ambitious energy targets by 2040.

Edison is advancing its hydroelectric pumping projects in Southern Italy, aiming to operationalize two major plants by 2030.
With a planned capacity of 2.5 GW across several regions, the company has secured environmental approvals for the Pescopagano and Villarosa plants, each with a 500 MW capacity.
Edison is preparing to participate in upcoming storage system auctions, anticipating significant investments and job creation.
The initiative aligns with Italy's renewable energy goals, addressing water storage deficits and enhancing energy security.

Plenitude, through its joint venture Vargronn with HitecVision, has won a UK auction for the GreenVolt floating offshore wind project in the North Sea.
Scheduled to be operational by 2029, GreenVolt will become the world's largest floating offshore wind farm, supported by government incentives.
This project, valued at £2.5 billion, will create over 2, 800 jobs and stimulate investment in port infrastructure.
The UK aims to achieve 5 gigawatts of floating offshore wind energy by 2030, with the recent auction awarding contracts for 9, 600 megawatts across 131 projects.

Webuild's American subsidiary, Lane, has been awarded a $466 million contract to construct twin rail tunnels connecting New York and New Jersey.
This project, part of the larger $16.1 billion Hudson Tunnel Project, aims to enhance train connectivity across the Hudson River.
The contract includes the construction of the Palisades Tunnel and maintenance of an existing 114-year-old tunnel.
The project will be executed in collaboration with Schiavone and Dragados, with completion expected in 2027.

Acea has signed a memorandum of understanding with Orascom Construction to explore business opportunities in the water sector across Africa and the Middle East.
This partnership aims to focus on the design, construction, management, and maintenance of water service facilities, including purification and desalination plants.
The collaboration aligns with Acea's strategic focus on water infrastructure, as emphasized by CEO Fabrizio Palermo, who highlighted the urgent global water challenges due to increased consumption and reduced availability.
The initiative is part of broader efforts, including a G7 coalition, to address water resource management.

Bonomi Group, a leader in the valve and faucet industry, is planning a significant expansion in the North American market.
After a series of smaller acquisitions in Italy, the group aims to complete a major acquisition in the US by the next fiscal year.
This move is expected to double their current US revenue of 25 million euros.
The group reported a record turnover of 336 million euros in 2023, with an EBITDA of 95 million euros.
Despite a slower growth rate in 2023, the company remains optimistic about its future prospects, particularly in the US market, which now accounts for 20% of its revenue.

Ferretti Group, a leader in luxury yacht manufacturing, reported a 7.7% increase in net revenues for the first half of the year, reaching 611 million euros.
The adjusted EBITDA rose by 15.9% to 96.7 million euros, with a net profit of 44 million euros.
Despite these positive financial results, the company faces potential shareholder changes, with rumors of Weichai's possible disengagement.
Jiang Kui has been appointed as the new Chairman, replacing Tan Xuguang.
The Italian government's 'golden power' intervention has caused tension among major shareholders.
The company's stock showed mixed performance in Hong Kong and Milan markets.

Intesa Sanpaolo is enhancing its presence in Spain through its Corporate & Investment Banking division, focusing on energy and infrastructure sectors.
The bank has participated in significant financial operations between Italy and Spain, totaling around 27 billion euros in the past two years.
Spain is a key partner for Italy, with investments in strategic sectors driving economic growth and competitiveness.
Intesa aims to expand its services in Spain, leveraging its strong lending activities and international network to offer a comprehensive range of financial solutions.

The Amerigo Vespucci, a training ship of the Italian Navy, is set to dock in Tokyo for the first time in its 93-year history.
This visit marks the 22nd stop of its global tour, which began in Genoa on July 1, 2023.
The ship will host the 'Villaggio Italia', an exhibition promoting Italian culture, art, and innovation.
The event serves as a precursor to the Osaka Expo next year, featuring Italian opera, cinema, and wine.
High-profile attendees include Italian and Japanese defense ministers, highlighting the strategic importance of this initiative.

The Winesider, a wine technology startup, is revolutionizing restaurant wine cellar management with real-time inventory systems and automated ordering.
Following a recent capital increase of 1.6 million euros, the company aims to expand its innovative platform nationwide.
The Winesider's centralized warehouse in Milan supports rapid distribution across Italy, addressing the critical cost issues faced by restaurateurs.
Collaborating with LT Wine&Food Advisory, The Winesider plans to grow through strategic acquisitions and enhance its service offerings, targeting a revenue of 25 million euros by 2027.

The 'Cam strade', new Minimum Environmental Criteria for road infrastructure projects, have been published in the Official Gazette.
Effective from December 21, 2024, these criteria aim to enhance sustainable practices in the design, construction, and maintenance of road infrastructures.
Rooted in the Green Public Procurement framework, the decree emphasizes circular economy, life cycle assessment, and ESG risks.
Key requirements include the use of recycled materials and adherence to environmental performance standards, ensuring equitable access and modernization of infrastructures by 2030.

Japan's economic partnership with Italy has seen significant growth, with Japanese companies investing €31 billion in Italy from 2015 to 2023, creating 58, 000 jobs.
A recent conference in Tokyo highlighted these investments, coinciding with the Amerigo Vespucci's global tour promoting Italian excellence.
NTT Data announced a new investment in Cosenza, Italy, creating 500 jobs and focusing on AI development.
This move is part of a broader strategy to enhance business relations between the two nations, supported by a strategic partnership signed in January 2023.
The conference also discussed increased tourism between the countries, with record numbers of Italian and Japanese tourists.

The Italian Ministry of Environment and Energy Security has approved a €9 billion investment for the high-speed rail project between Salerno and Reggio Calabria.
This decision marks a significant step forward in the development of a strategic transportation link in Southern Italy.
The project, which spans 100 kilometers across Campania, Basilicata, and Calabria, aims to enhance passenger and freight transport, reducing travel times between Rome and Reggio Calabria.
The initiative is part of a broader plan to improve connectivity in the region, with a total estimated cost of €30 billion.

The Italian government has initiated the tender process for key infrastructure projects in Taranto, ahead of the 2026 Mediterranean Games.
With a budget of 120 million euros, the projects include the renovation of the Iacovone Stadium, the PalaRicciardi sports complex, and the construction of a new swimming stadium.
The Games, set to take place in Taranto, Brindisi, and Lecce, will host approximately 4, 500 athletes from Mediterranean countries.
Despite initial delays, significant progress has been made under the leadership of government commissioner Massimo Ferrarese, with a comprehensive masterplan in place to ensure timely completion.

The former Ilva, now Acciaierie d'Italia, is set to boost its production with the recent arrival of a €320 million EU bridge loan.
The company plans to restart Blast Furnace 1 by the end of October, aiming to increase output.
Preliminary work has begun, with significant investments in maintenance and upgrades.
The company is also negotiating additional funding from American banks.
Meanwhile, labor actions and strategic meetings are ongoing, with a focus on workforce flexibility and potential investor interest.
The decarbonization strategy will be a key factor in evaluating investor proposals.

Pasta Berruto, a renowned Italian SME with a significant export market, has secured a €10 million loan from Intesa Sanpaolo to enhance its production capabilities.
This funding, part of a larger €19.5 million investment plan for 2024-2028, will be used to establish a new production line for short pasta and make structural improvements.
The collaboration highlights the strong partnership between Pasta Berruto and Intesa Sanpaolo, emphasizing mutual trust and shared goals of international growth and innovation.
Intesa Sanpaolo's initiative is part of its broader strategy to support the agribusiness sector through its 'Crescita Agri' program, focusing on sustainability and digital security.

An Italian startup is pioneering a new class of RNA-based drugs aimed at treating intractable cancers and genetic disorders.
Aptadir Therapeutics, a biotech company, is developing RNA inhibitors known as Dnmt interacting RNA (Dir) to target gene methylation processes that contribute to cancer progression.
This approach, which could potentially replace gene therapy, is seen as safer and more cost-effective.
The company has secured initial funding to optimize its first molecule, with plans to enter clinical trials and expand its therapeutic applications.

Italy's data center market, valued at 15 billion euros, is attracting major American and European players.
The competition is fueled by the need for digital sovereignty and the increasing demand for cloud services, driven by AI and market saturation in traditional European hubs.
Italy, particularly Milan, is becoming a strategic focal point due to its geographical position and advanced telecommunications infrastructure.
However, regulatory challenges and sustainability concerns pose significant hurdles.
A new legislative proposal aims to streamline regulations and promote uniform development across regions.

The European M&A landscape is increasingly influenced by sustainability, driven by the new CSDDD directive.
This regulation mandates large companies to ensure ESG compliance throughout their supply chains, impacting even smaller suppliers.
A report by RSM Corporate Finance highlights that ESG factors are becoming crucial for investment decisions, with 92% of stakeholders seeing Europe as a more attractive investment destination due to these norms.
However, managing compliance is challenging, often requiring specialized expertise.
Despite these challenges, M&A volumes in Europe are thriving, with significant activity expected in Germany, Spain, and Portugal.

Seko Industries, backed by Ibla Capital, has acquired the Kongskilde brand from CNH, marking a significant step in its expansion strategy.
The acquisition aims to establish a hub in agricultural mechanization, with production shifting from Poland to Italy.
Seko plans to double its workforce and rebuild Kongskilde's supply chain in Italy, creating a substantial market impact.
This move is expected to boost Seko's annual revenues significantly by 2026.
The acquisition also enhances Seko's product offerings and market reach, particularly in Europe, the Americas, and Southeast Asia.

Oakley Capital, a leading pan-European investor, has acquired Buddyfit, a prominent online fitness platform in Italy and Spain, through its subsidiary 7NXT. This acquisition integrates Buddyfit with Gymondo, a German online fitness leader, expanding its reach into the Italian and Spanish markets.
Buddyfit, founded in 2020, has rapidly grown with over 100, 000 subscribers, leveraging strategic marketing and partnerships.
The merger aims to establish a dominant European presence in the online fitness and wellness sector, targeting over a million subscribers by next year.

The Italian pharmaceutical group Olon has acquired Huvepharma Italia, marking the first time the Garessio site in Cuneo is under Italian ownership.
Historically operated by foreign companies, this acquisition enhances Olon's production capabilities, aiming to increase the site's active pharmaceutical ingredient synthesis capacity to 3, 250 cubic meters.
This move will make Olon the company with the most production sites in Italy.
The Garessio facility, with its eight production lines, will also offer research and development services.
Additionally, Olon is expanding in France by acquiring Gtp Bioways from Sanofi, further strengthening its global production network.

Wegreenit, a Milan-based general contractor specializing in energy efficiency, is expanding its operations across Europe through the establishment of Wegreenit International.
The company plans to open new offices in Spain, Portugal, Poland, and Greece by the end of the year, with further expansion into France and Germany.
With a business model that leverages specialized contractors, Wegreenit aims to capitalize on the opportunities presented by the 'Green Homes' directive, targeting revenues of 150 million euros by 2025 and up to 500 million euros by 2027 through potential acquisitions.

Brugola Oeb, an Italian multinational specializing in automotive screws, has signed a preliminary agreement to acquire a 30% stake in Fimeur, a Brescia-based company known for its high-quality phosphating treatments.
This acquisition aims to enhance Fimeur's business expansion through commercial area strengthening and significant investments in new technologies.
The deal marks a strategic move following Brugola's reacquisition of full ownership of the group.
The acquisition is expected to be finalized by the end of September.

Westrafo, a Vicenza-based transformer manufacturer, is investing $45 million in a new production facility in Trotwood, Ohio, set to open in 2027.
This expansion aims to address the growing demand for transformers in the U.S., driven by the rise in renewable energy projects and local production incentives.
The new plant will employ 230 people and add 12 GW to Westrafo's production capacity.
The company, which has seen significant growth since its inception, also operates in Africa and plans further expansion and consolidation in various global markets.

Gefran, having exited the drive business by selling it to Weg for approximately 23 million euros, is now channeling its efforts into expanding its core sectors of sensors and automation.
The company plans to utilize its cash reserves to pursue significant acquisitions, targeting European and North American companies with revenues between 10-20 million euros.
These acquisitions aim to enhance Gefran's market presence and product portfolio.
Despite a slight decline in revenue in the first half of the year, the company remains committed to growth through M&A, focusing on digitalization and AI as key growth drivers.

The recent corrective decree to the Crisis Code aims to clarify the estimation of shareholder value in ongoing corporate restructuring plans.
While it addresses some ambiguities, it leaves certain application issues unresolved.
The decree specifies that shareholder value should be based on the present value of future cash flows, using data from the restructuring plan, and introduces the use of 'value in use' according to accounting principles.
However, it does not mandate the explicit indication of this value in the plan, which can lead to legal challenges.
The decree suggests an asset-side valuation approach, focusing on the company's overall future income rather than the direct value of financial instruments retained by shareholders.

Esteco, a prominent Italian engineering software company, has acquired Optimad Engineering, a spin-off from the Politecnico di Torino.
This acquisition strengthens Esteco's position in the global simulation market by integrating Optimad's expertise in advanced fluid dynamics and AI-based predictive modeling.
The move is strategic, enhancing Esteco's technological offerings to better serve major industry players like Ford, Honda, Toyota, and Whirlpool.
This merger represents a significant step towards providing more comprehensive engineering solutions.

The 64th Genoa Boat Show saw a 2.19% increase in visitors, reaching 120, 864 attendees in 2024.
This growth, although not as high as the previous year, indicates a strong interest from business clients, particularly in small and medium-sized boats.
Despite weather challenges, sea trials increased by 24%, highlighting the enthusiasm for smaller vessels.
Industry leaders note a positive shift in the market, with expectations of continued growth in both small and large yacht sectors.
The event has been pivotal for networking and generating new business opportunities.

The Farnese Atlas, a significant marble sculpture from the National Archaeological Museum of Naples, will represent Italy at Expo 2025 in Osaka.
This marks its first appearance in Asia, where it will be displayed at the center of the Italian Pavilion, designed by Mario Cucinella.
The announcement was made by Italy's Commissioner General for Expo 2025, Mario Vattani, during a press event on the Amerigo Vespucci ship.
The Italian presence at the Expo will include daily live events and initiatives focused on the maritime world, highlighting the shared maritime heritage of Italy and Japan.
A special day dedicated to the Blue Economy will feature discussions on sustainable ocean resource use and international maritime security.

Tourism in Italy is experiencing a notable increase, with spending rising by 21% in the first half of 2024 compared to the previous year.
This growth is driven by both domestic and international travelers, with a significant influx from countries like the UK, USA, and France.
The Veneto region, particularly Venice, stands out as a major destination, benefiting from the experience economy.
Mastercard's data highlights the importance of live events in boosting local economies and extending the tourist season.

Hotel Principe Forte dei Marmi, a luxury destination in Tuscany, has embraced sustainability to meet the evolving demands of its sophisticated clientele.
Under the leadership of General Manager Cristina Vascellari, the hotel has integrated ESG criteria into its business strategy, focusing on environmental, social, and governance aspects.
The hotel has received various certifications and is preparing for the GSTC audit.
Initiatives include energy and waste reduction, investment in renewable energy, and the use of local products.
The hotel also features Lux Lucis, a Michelin-starred restaurant, emphasizing sustainable practices.

The Amerigo Vespucci's visit to Tokyo, alongside the Italian Village exhibition, attracted 63, 000 visitors, marking a significant success in promoting Italian culture, industry, and technology in Japan.
The event strengthened institutional, economic, cultural, and scientific ties between Italy and Japan.
The initiative, supported by the Italian Ministry of Defense and other ministries, showcased Italy's excellence in various fields.
The tour, which includes stops in eight cities, aims to enhance Italy's global presence and foster international cooperation.

The debate over the 'ius scholae' citizenship reform remains stagnant in the Italian political landscape.
Despite multiple proposals from opposition parties and a potential agreement with Forza Italia, progress is hindered by political inertia.
The reform aims to grant citizenship to foreign minors after completing certain educational milestones.
However, the proposals vary, with some advocating for 'ius soli' alongside 'ius scholae'. The complexity of these proposals and the lack of political consensus have left the reform in legislative limbo.