AGP Executive Report
Last update: 10 hours agoBanking: UniCredit won ECB approval to raise its Commerzbank stake above 30%, clearing a key hurdle in its bid for control by year-end. Energy and EU Policy: Italy joined Greece and several central European countries in pushing to delay carbon charges, while EU leaders failed to agree on new measures to curb energy costs. Prices: Eurozone inflation hit 3.8% in September, with Italy’s rate rising to 4.2% from 3.2% in August. Public Finances: Italy plans to raise nearly €11 billion from the financial sector through 2029 to help fund its 2027 budget, which includes €23.5 billion in new measures. Trade and Growth: Exports to non-EU markets jumped 16.1%, but business lobby Confindustria warned that a slowdown lies ahead; the IMF recently raised its 2026 growth forecast to 0.8%. Energy Investment: Italy needs 50 GWh of new storage as solar capacity is projected to approach 82 GW by 2030. Informal Economy: Istat estimates Italy’s underground and illegal economy was worth €218.2 billion in 2024.
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