ROME: A top European Union court has fined Italy 30 million euros ($34 million) for failing to recover millions of euros in relief from social security contributions granted to hundreds of companies.
The EU Court of Justice ruled Thursday that Italy had “failed to fulfil its obligation to recover the aid.”
The EU’s executive Commission insists that the social security reductions allowed for 1,645 firms in the Venice and Chioggia region between 1995 and 1997 amount to state aid.
Italy must improve its capital markets to help underperforming companies access funding for investment and growth, while giving investors means...
BERLIN/PARIS (Reuters) - Consumer morale in Germany, France and Italy rose unexpectedly at the start of the year, data showed...
ROME: A senior Bank of Italy official warned that a number of smaller banks, especially in the country’s disadvantaged south,...
ROME: Italy will cut its target for economic growth next year to around 0.6%, three sources close to the matter...
