AGP Executive Report
Last update: 9 hours agoLiving-Cost Unrest: Protests over rising prices and stagnant wages turned violent in Milan, Turin, Bologna and Bergamo. More than 50 people were arrested in Milan, where clashes and damage hit local businesses. Tech Investment: Berkshire Hathaway is investing a further $330 million in Italian tech group Bending Spoons, on top of $600 million committed at its July listing, for a 4% stake. Public Finances: Italy’s budget projections leave the deficit above the EU’s 3% limit, while the government plans to raise nearly €11 billion from banks and insurers through 2029. Energy Costs: Rome and Brussels reached a deal on a decree to curb electricity bills, though EU leaders remain divided over wider energy policy. Banking: The ECB cleared UniCredit to raise its stake in Germany’s Commerzbank above 30%. Growth Outlook: The Bank of Italy forecasts 1% GDP growth this year, with expansion slowing in 2027 and 2028.
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