The Bank of Italy
that the local economy will grow in 2017
above the projections set out for this year. Businessmen interested in setting up a company in Italy
can have positive propects here, as the Italian economy
will increase this year by 1.4%
, compared to the initial projections of 0.9%. Our team of lawyers in Italy
can offer in-depth assistance on the main regulations available for foreign entrepreneurs.
Economic projections for the Italian economy
If at the level of 2017 the economic forecasts show an increase of 1.4%, in the following year, the Bank of Italy estimates that the economy will grow by 1.3%, while in 2019, the increase will be of 1.2%.
Investors interested in opening a company in Italy
should know that the economic forecast
was revised due to a growth observed in certain economic activities, such as:
• the foreign demand;
• development of the market for raw materials related to the energy sector.
The economic increase observed in the first part of the year was also a consequence of the development of the activities carried out in the following sectors:
• service sector;
• industrial sector.
Another reason related to the increase of the Italian economy
refers to the employment rate
, which also expanded in the first part of 2017. Foreign businessmen who want to hire local workforce
may employ different types of contracts
, which can be further detailed by our team of Italian lawyers
Top economic sectors in Italy
represents one of the most important economies of the European Union. Foreign businessmen interested in investing in Italy
should know that the top economic field in this country is the service sector
, which accounts for 23.6% of the country’s gross domestic product
. In the last years, the level of foreign investments
has been increasing, a situation which was also observed for import-export activities
As a general rule, the business environment in Italy is mostly comprised of small and medium-sized companies, which can benefit from various incentives offered by the local or European institutions.