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Future investments? Pick the 2021 “Country of the Year”

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1. Strong economy

Italy was named “Country of the Year” for 2021 by the British magazine “The Economist”. It is a recognition for its ambitious program of reforms that is allowing it to grow faster than France and Germany.  Italy is the 8th biggest world economy and one of the most advanced in Europe. With a population of around 60 million consumers and a GDP per capita of around EUR 30,000 its domestic market offers many opportunities.

2. Key manufacturing player

Italy is the world’s second most competitive country in the manufacturing sectors (Trade Performance Index), ranks fifth among G20 countries for its manufacturing trade surplus of over EUR 63 billions. In 2021 Italy has already sold goods worldwide worth EUR 423 billions.

3. Gateway to the world

Through its central location and transport networks of motorways, high speed rail and maritime ports Italy is a strategic gateway to 500 million consumers across the European Union and 270 million consumers in Northern Africa and the Middle East. It also has a significant presence all over the world through strong industrial partnerships including nations such as the USA, Canada and UK.

4. Huge green economy opportunities

Italy is leading the green economy in Europe with more than 345,000 Italian companies invested in delivering products and green technologies aimed at reducing the environmental impact, saving energy and containing CO2 emissions. It also ranks number 1 in Europe for its rate of circular economy and for its turnover per-capita in the field of products developed with biological processes and ranks 1st among the top five EU economies with the highest percentage of recycled waste. With Government incentives to grow the green economy, opportunities in this area will continue to increase.

5. Italy loves Australian Companies

Apart from their financial resources, Australian companies have the know-how to implement major projects across key sectors. More broadly, Australian investors are viewed positively given their willingness to work with Italian authorities to ensure a smooth investment path and, where possible, to involve Italian investors.

6. A key focus on innovation

In an effort to become a global leader in the fourth industrial revolution, the Italian Government has established financial incentives to attract investment in venture capital and innovative start-ups, develop new skills and expand research and development opportunities.

7. Huge growth in renewables sector

Italy is Europe’s third largest producer of renewables, generating more than 10% of the continent’s renewable energy. Over a third of the electricity produced in Italy comes from green sources: hydroelectric power has always dominated, followed by solar photovoltaic, bioenergy, wind power, and geothermal, with the Italian government setting ambitious targets for renewables by 2030.

8. R&D and innovation

Italy ranks 5th in the EU for the contribution of high-tech and medium-tech products to the trade balance and 6th for design applications (Eurostat, Research & Innovation Performance Survey, 2014). Research and innovation are widely integrated into industrial processes with a long tradition of excellence in many fields of physics and engineering, life sciences, and social sciences and humanities. Italian researchers are also internationally recognised through their work and top-level research infrastructures of transnational interest in sectors such as aerospace, systems biology, earth observation, nanobiotechnology, marine and maritime research.

9. Made in Italy competitiveness

Investing in Italy means having access to unique expertise in leading sectors, such as robotics, fashion, design and food. Companies operating in Italy can also rely on extensive networks of SMEs and manufacturing clusters throughout the country, able to supply high-quality intermediate products specifically tailored to meet customers’ needs in a wide range of sectors such as industrial machinery, metals, chemicals, plastics, paper, ceramics, textiles and marine industries.

10. Foreign Direct Investment incentives

Together with reforms Italy has introduced numerous financial incentives aimed at increasing the attractiveness of the country as a FDIs destination, encouraging R&D operations, supporting industrial crisis areas, and fostering the growth of new innovative enterprises. From large and innovative investments in manufacturing, tourism and environmental protection for greenfield and expansion projects to R& D projects and innovative start-ups, the opportunities for investment are diverse and exciting.

Discover some investment successful stories in Italy.

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