Tuesday, December 7, 2021

Italy agrees on new measures to speed up economic recovery

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The Italian Government has agreed on several new measures of using Coronavirus recovery funds to help its economy.

The Council of Ministers under Prime Minister Mario Draghi approved measures for tourism, digitalisation and people with disabilities on Wednesday evening, the government had announced.

The ministers on issue of tourism, agreed on a 2.40-billion-euro (2.78-billion-dollar) package in the decree.

Among other things, the government wanted to use the money to promote digitalisation in the industry and to support businesses, for example through subsidies for modernising accommodation or tax credits.

It said part of the decree was to help about 70 per cent of people in Italy to “digitally fit’’, most citizens should be able to complete certain administrative procedures online.

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Italy was the first European country to be badly affected by the Coronavirus crisis, and received around 191.5 billion euros’ worth in aid from the EU for its post-pandemic recovery.

Together with national funds, Italy has about 222.1 billion euros to invest in specific areas according to a plan agreed with the EU.


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