Rome

Italy to lure more foreign investment says Letta

'Destination Italy' expected to get green light in September

Italy to lure more foreign investment says Letta

Rome, July 12 - Italy needs to lure more foreign investment, Premier Enrico Letta said Friday, announcing a new project set to get a green light in September. The project, Destination Italy, will involve several ministries to attract foreign direct investment which is "still scant," the premier said. Investment in Italy is lower than in its rivals. Rigid labour laws, slow justice and red tape are frequently blamed.

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