Latest news with #Confindustria
Reuters
27-05-2025
- Business
- Reuters
Italy's Meloni says high energy prices are main economic challenge
ROME, May 27 (Reuters) - Italian Prime Minister Giorgia Meloni on Tuesday said high energy costs are the most pressing economic issue for her administration. "The main issue we have to face ... are energy costs," Meloni told the annual assembly of business lobby Confindustria in the northern city of Bologna. Meloni said her government was conducting an assessment of the national energy market to determine whether high prices were also the result of speculation.
Reuters
27-05-2025
- Business
- Reuters
Italy's business lobby urges EU to expedite trade deals beyond US
MILAN, May 27 (Reuters) - Italy's main business lobby Confindustria on Tuesday called on the European Union to speed up trade agreements with other countries while it negotiates on tariffs with US President Donald Trump. Trump last week ratcheted up his trade war, announcing a 50% tariff on EU goods starting June 1. He later deferred the deadline to July 9 to allow for negotiations between Washington and Brussels. "After updating the agreements with Chile and Mexico, the European Union must absolutely conclude the one with Mercosur", Confindustria President Emanuele Orsini said at an annual assembly in Bologna, referring to the South American bloc. "Mercosur is not enough. That is why we must aim to reach agreements with Australia, make progress in our negotiations with India and the ASEAN countries, and look at the 54 African Union countries that have joined the free trade area", he added. Orsini also called on the EU to allow derogations from its budget discipline rules not only for defence spending but also to back "a significant plan to support industrial investment across Europe".
Yahoo
27-05-2025
- Business
- Yahoo
Italy's business lobby urges EU to expedite trade deals beyond US
MILAN (Reuters) -Italy's main business lobby Confindustria on Tuesday called on the European Union to speed up trade agreements with other countries while it negotiates on tariffs with US President Donald Trump. Trump last week ratcheted up his trade war, announcing a 50% tariff on EU goods starting June 1. He later deferred the deadline to July 9 to allow for negotiations between Washington and Brussels. "After updating the agreements with Chile and Mexico, the European Union must absolutely conclude the one with Mercosur", Confindustria President Emanuele Orsini said at an annual assembly in Bologna, referring to the South American bloc. "Mercosur is not enough. That is why we must aim to reach agreements with Australia, make progress in our negotiations with India and the ASEAN countries, and look at the 54 African Union countries that have joined the free trade area", he added. Orsini also called on the EU to allow derogations from its budget discipline rules not only for defence spending but also to back "a significant plan to support industrial investment across Europe". Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
27-05-2025
- Business
- Reuters
Italy's business lobby calls for 8 bln euros in state aid for investments
MILAN, May 27 (Reuters) - Italy's leading business lobby, Confindustria, urged the Italian government to provide companies with an 8 billion euro ($9.5 billion) investment support package over the next three to five years, its President Emanuele Orsini said on Tuesday. Speaking at the lobby's annual assembly in Bologna, Orsini outlined potential strategies to stimulate firms' investments, including an alternative allocation of European Union's post-COVID funds and domestic tax breaks.
Reuters
27-05-2025
- Business
- Reuters
Italy business lobby asks for urgent measures to lower energy costs
MILAN, May 27 (Reuters) - Italian industries need lower energy costs in order to survive and compete effectively with European peers, the head the country's main business lobby Confindustria said on Tuesday. "Our companies continue to suffer from an energy (price) surcharge of more than 35% over the European average, even reaching peaks of 80% when compared to the largest European countries," Emanuele Orsini said at Confindustria's annual meeting. Orsini called for a change in the price mechanism for electricity, a cut in the general costs included in energy bills, fewer regulatory hurdles for renewables, and a return to nuclear energy.
