St. Petersburg

Letta says Italy's G20 commitments include less red tape

Pledges to simplify civil laws, pay public debts made at summit

Letta says Italy's G20 commitments include less red tape

St. Petersburg, September 6 - Italy has made a series of commitments at the G20 aimed at stimulating growth and boosting confidence in "Destination Italy," Premier Enrico Letta said Friday. During a news conference at the end of the G20 summit of leading economies, Italy committed to measures to simplify doing business, he said. That includes payments of public debts to private businesses, providing incentives to boost investment, as well as the "simplification and improvement of administrative and civil" justice systems, said Letta. These and other labour and public administration reforms will be aimed to encouraging businesses to see Italy as a good investment destination. Letta recently announced his new project, "Destination Italy" involving several ministries working together to lure foreign direct investment into the country. Investment in Italy is lower than in its competitors, with rigid labour laws, slow justice and red tape frequently blamed.

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