The latest news about Italy – 14.03.2024

Foreign Entrepreneurship in Italy: Job Creation and Overcoming Obstacles

In a landscape where Italian entrepreneurship is declining, foreign entrepreneurs bring vitality and create new opportunities. Migrants not only refrain from taking away jobs but actively contribute to the country’s economic development.


Foreign entrepreneurship in Italy is represented by young, dynamic companies, with a noticeable increase in the number of female entrepreneurs. However, like other enterprises, they face numerous obstacles.

Over the past decade, while the number of companies managed by Italians has decreased by 5%, the number of companies owned by foreigners with a migration background has increased by almost 43%, reaching 647,797 enterprises by the end of 2022. This constitutes 10.8% of the total number of companies in the country, compared to 7.4% in 2011.

Germany, Spain, Italy, and France together represent over 75% of foreign entrepreneurship in the European Union. Despite economic crises, this trend persists, partially offsetting the reduction in national entrepreneurship.

The primary sectors of foreign entrepreneurship in Italy are services and trade. However, alongside successful enterprises, many foreign companies encounter difficulties such as bureaucracy and cultural differences.

It is noteworthy that migrant entrepreneurship in Italy is predominantly represented by individual enterprises, with the majority located in the central-northern regions of the country. These companies drive economic development, demonstrating high levels of dynamism and entrepreneurship.

Despite the obstacles faced by foreign entrepreneurs in Italy, their contribution to the country’s economy is invaluable. It is essential to create conditions for the development of these companies, including streamlining procedures and providing support from the government.

Foreign entrepreneurship in Italy is a key factor in fostering economic growth and development and deserves support and attention from both society and authorities.


Palazzo Labia in Venice: A Historic Landmark Facing Sale

Palazzo Labia stands as an elegant Venetian building overlooking the Grand Canal, housing the headquarters of Rai Venetian. However, it appears that the Rai administration has decided to put this magnificent structure up for sale and relocate its offices elsewhere.



Palazzo Labia is a splendid complex built between the 17th and 18th centuries in Venice along the Grand Canal. Since the 1960s, the palace has been home to the Venetian Rai editorial office, which now seems poised to sell the building. The idea has sparked controversy, with several political leaders intervening. In particular, Minister of Culture Gennaro Sanduliano shared his position on the matter, stating that the building holds significant cultural value, and the Ministry would be willing to exercise its right of first refusal. The minister’s words can be found in an official statement posted on the Ministry’s website: “Palazzo Labia undoubtedly represents an object of great cultural value under the Ministry’s purview. When and if the potential Rai sale materializes, the MiC will be very prepared to assess the exercise of the right of first refusal.”

Not only Tgr Veneto journalists but also the regional president, Luca Zaia, have voiced opposition to the sale, likening it to “selling the Colosseum.” The governor’s words were shared in a post on Luca Zaia’s official Instagram profile: “I thought the hypothesis of selling Palazzo Labia to private individuals was a mistake, but it seems that the rumors are taking shape. We are talking about a building of identity for us and a workplace for Rai, one of the most renowned Venetian buildings, adorned with Tiepolo frescoes. A national monument; It would be like the Romans selling the Colosseum.”

Even the municipal administration of Venice has opposed the sale, as confirmed by tourism councilor Simone Venturini. In total, Rai intends to sell 17 real estate properties, not only the headquarters in Venice but also other buildings in Milan, Genoa, Florence, and Rome.


Palazzo Labia in Venice is an elegant complex commissioned by the Labia family between the 17th and 18th centuries and adorned with a cycle of frescoes by Giambattista Tiepolo. The villa was designed by two prominent architects of the time, Andrea Cominelli and Alessandro Tremignon.

In addition to being a luxurious residence, the palace has served various functions over the centuries and has been not only a textile workshop but also a school and a hostel. Among the frescoes created in the Ballroom is the cycle “Stories of Antony and Cleopatra” (1746-1747), painted by Tiepolo, which concludes with two main scenes: “Meeting of Antony and Cleopatra” and “Banquet of Antony and Cleopatra.” It is said that the face of Cleopatra in these paintings is actually the face of Maria Labia, one of the leading figures of the noble family that built the building.

But on the ceiling of the Mirror Hall, one can admire Tiepolo’s “Triumph of Zephyr and Flora.” The other rooms of the palace are also beautifully decorated and rich in frescoes. Besides Tiepolo, other artists who worked here include Gian Domenico Tiepolo, Palma il Giovane, Gian Battista Canal, Gregorio Lazzarini, Pompeo Batoni, Antonio Visentini.


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Eurofood Expands Its Portfolio by Acquiring the Historic Ice Cream Brand Pepino

In a significant move within the business and gastronomy world, Eurofood Group has made another substantial acquisition by purchasing 81% of the historic Turin-based ice cream brand, Pepino. This acquisition is a continuation of the company’s expansion strategy, already owning well-known brands such as Chupa Chups and Macarons de Pauline.


Pepino, a brand with a rich history, is widely recognized for its flagship product – the Penguin chocolate-covered ice cream on a stick. Founded in 1884 by Domenico Pepino, the brand has become part of Turin’s culinary heritage, offering unique flavors and quality for decades. Interestingly, Pepino initially counted the Royal House among its clients, which speaks volumes about the market recognition and status of its products.

Production, offices, and management of Pepino will remain under the control of the Cavagnino family and Alberto Mangiantini, who hold a minority stake in the company. This arrangement will ensure the preservation of traditional values and product quality, while strategies for development and distribution will be adjusted according to the new ownership.

Joining the Eurofood Group, owned by the Boerchi family, opens new horizons for Gelati Pepino. The plan includes not only expanding the brand’s presence in the domestic market but also actively promoting it abroad. Such changes mark the beginning of a new era in the brand’s history, undoubtedly characterized by innovation while maintaining the unique heritage and quality established by its founder more than a century ago.

However, for Turin, this event signifies the loss of another iconic ice cream brand following the sale of Grom. This fact induces nostalgia and sadness among locals, as it was in this city that such world-renowned brands were born and gained popularity.

Pepino’s transition under the Eurofood umbrella is a significant milestone for both the company and the industry at large. It highlights the trend towards globalization and market expansion, inevitably affecting traditions and consumer preferences. Time will tell how these changes will impact the global ice cream market landscape and what new gustatory discoveries await gourmets in the future


Everything You Need to Know About Closing Your BancoPosta Account: A Detailed Guide and Recommendations

Closing a bank account can seem like a daunting and complex process, especially if you’re not familiar with the procedures and requirements of your bank. However, closing an account with BancoPosta may be simpler than it initially appears. In this article, we’ll outline the steps you need to take to close your BancoPosta account without unnecessary hassle.


Step 1: Preparation

Before beginning the account closure process, ensure that you have no outstanding obligations or automatic payments associated with this account. Make sure you have enough funds in the account to cover any fees or expenses related to closing the account.

Step 2: Choosing a Closure Method

BancoPosta offers two methods to close your account: visiting a post office in person or sending a registered letter with acknowledgment of receipt. Both methods have their advantages, and the choice depends on your preferences and convenience.

Step 3: In-Person Visit to a Post Office

If you prefer to close the account in person, visit the nearest post office where you have your BancoPosta account. Bring documents confirming your identity, as well as any credit cards, debit cards, and checkbooks associated with the account.

Step 4: Sending a Registered Letter

If you prefer to send a registered letter with acknowledgment of receipt, write a letter stating your details, account number, and request for the account closure. Ensure that your letter contains all necessary information and correct personal details.

Step 5: Fund Transfer

If you have a positive balance remaining in the account after closure, BancoPosta will transfer the remaining amount to the account you specify or send you a check.

Step 6: Verification and Confirmation

After completing all necessary steps, verify that your BancoPosta account is indeed closed. Check your financial statements to ensure that there are no further transactions or sums associated with this account.

Closing your BancoPosta account can be a straightforward and painless process if you follow the correct steps and adequately prepare. Follow our guide, and you’ll be able to close your account without unnecessary hassle or trouble

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