Business and Investment

Italy is an important member of European Union. It is actively involved in European trade. Italy does trade with most of the European countries, America and many of the Asian countries.

It is easy to start private business in Italy. According to World Bank statistics, Italy has favorable environment for conducting business and investment.

Since the year 1999, Italy has implemented strong economic policies to stick to the requirements of Economic and Monetary Union. Because of that, lower rates of interest and low inflation rates have been recorded in Italy. Italy started using Euro back in 1999 when it was introduced.

Italy is known for its world famous designs in the field of automotive, fashion and architecture. As a result, main exports of Italy are automobiles and fashion. The world renowned FIAT group is among the leading industrial units of Italy, which produces and exports number of automobiles like FIAT, Alfa Romeo, Lancia, Maserati and Lamborghini. Bugatti and Pagani, among others, are the two expensive and high end cars that are produced in Italy and exported across the world.

Italy is also known for its motorcycles and exports them throughout the world. Aprilla, Ducati and Piaggio are the leading manufacturer of some of the best bikes in the world. Bimota is another brand exported. Some of the best and trend setting fashion brands come from Italy. Italy produces and exports famous fashion brands like Armani, Versace, Valentino, Ellesse, Docle & Gabbana, Tod's, Roberto Cavalli, Benetton, Prada and Luxottica.

Italy also exports food products and some of the famous brand includes Baci, Campari, Ferrero, Barilla, Martini & Rossi and Parmalat.

Source: articlesbase