by Marzio Bartoloni
Italy is back on foreign investors' radars after foreign direct investments (FDI) had almost fallen to zero in 2012, a year when the ghosts of default loomed large. In the new report "Multinational Italy", ITA-Italian Trade Agency underlined how incoming investment flows have grown from $0.09 billion in 2012 to $17 billion in 2013, while ITA' president Riccardo Monti expects a further increase to over $20 billion in 2014, and a "strong acceleration in 2015."
"Over the last 24 months, Italy started attracting investments again," said Mr Monti yesterday. But there is a wide gap to fill: the ratio of foreign investments to GDP (19.5% in 2013) is less than half the EU's (49.4%.) Italy's south and, partly, the central regions of the country are substantially excluded from international dynamics, as Lombardy alone attracts almost half the investors. But things are clearly changing.
Fonte: Italy24
