
Economy Minister Giancarlo Giorgetti announced that the government is working on the budget and the Council of Ministers will probably be held tomorrow morning, following progress in contacts with the European Commission.
AI-generated summary
The Minister of Economy took stock of the economic maneuver currently being defined.
"These are very intense moments, at the Mef we work day and night, we meet interested parties, we met the Regions last week. Rumors are circulating in the press but we continue to work with our heads down. I believe we will go to the Council of Ministers tomorrow morning, because almost all the components have been finalised". The Minister of Economy, Giancarlo Giorgetti, said this when speaking about the maneuver in connection with the Festival of the Regions.
"We have made progress with the European Commission, so I believe that by this evening we will close the proposals that we believe can be considered admissible. Only with this degree of certainty do I consider myself capable of signing a proposal and going to the Council of Ministers tomorrow", he added.
AI outlook — possibilities, not facts
Presentation of the maneuver in the Council of Ministers
Very likely · Within days

Speaking at the Confitarma Assembly, the President of the Republic Sergio Mattarella exalted the role of the merchant fleet and navy as vectors of peace, economic pillars and key players in rescue at sea.

Mercedes cut its full-year auto adjusted operating margin guidance to 2-3%. The decision affects the stock on the stock exchange and affects the entire European sector.

Tata Motors has collected subscriptions equal to 87.81% of Iveco's ordinary capital through its takeover bid, for a value of approximately 3.43 billion euros. The final results will be communicated by October 29th.

European stock markets reduce losses and Milan drops 0.15%, supported by Wall Street futures. Sales are weighing on the auto sector after the cut in Mercedes' estimates, while government bond yields are rising due to the French crisis.

Digital payments as an alternative to cash doubled in June 2026 compared to 2022, driven mainly by payment cards, according to the latest report from the Bank of Italy.

In September, consumption marked -0.3% in value compared to the same month in 2025. According to the Confimprese-Jakala Observatory, families adopt a prudent attitude, planning purchases and favoring convenience.