AGP Executive Report
Last update: 12 hours agoEnergy Costs: Europe has paid an extra €127 billion for oil and gas since the Strait of Hormuz closed, without receiving additional energy—a growing cost risk for import-dependent Italy. Banking: Intesa Sanpaolo reported €8.2 billion in profit for the first nine months of 2026. Tax Policy: Rome is weighing a 26% exit tax from 2027 on residents with assets above €800,000, a proposal critics say could undermine Italy’s appeal to wealthy newcomers. Corporate Control: Four siblings rejected Leonardo Maria Del Vecchio’s offer to gain control of Delfin, the holding company with a major stake in EssilorLuxottica. Industry: Tata Motors and Iveco have begun joint operations, creating a global commercial-vehicle group. Economic Outlook: Italy’s inflation reached 5.4% in October as the economy stagnated in the third quarter.
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