
First meeting at Palazzo Chigi between the Minister of Economy and the employers' organizations on the budget law.
AI-generated summary
The Government has started discussions with the social partners on the new budget law in a complex economic context.
Correctives and additions yes, interventions that distort the structure of the budget law no. It is the perimeter that the Minister of Economy, Giancarlo Giorgetti, traced out in front of the employers' organizations, gathered this morning at Palazzo Chigi for the first round of the discussion between the Government and the social partners on the budget.
According to what was reported by the participants, the owner of the Mef recalled "the path of public finance sustainability that we started four years ago" and the "attitude of prudence" that the Government considers essential in a complex international situation. However, he said he was willing "to accept indications and suggestions to integrate" some parts of the text, including, according to reports, those on the exit tax. The minister did not comment on the spreading of Superbonus credits.
It was precisely the deferral of construction tax credits that was at the center of companies' requests. Angelo Camilli, vice-president of Confindustria for Credit, Finance and Taxation, said that the rule "intervenes on a market that has already moved in a consolidated manner". He included it among the measures that "drain liquidity from the business system" in the coming years and which risk putting the supply chain in "great difficulty". When asked if the Government had given reassurances, Camilli replied "No". The discussion, he explained, served the executive "to understand the observations of the employers' associations": "We will see in the coming weeks if there will be a space to work on these issues".
For Confindustria the priority remains growth, towards which to orient the budget law "in these weeks of discussion". Camilli also indicated other topics: energy, which according to him companies now pay double compared to last year, investments and the growth in size of SMEs.
Ance follows the same line. The general director Romain Bocognani warned that the credit spreader risks "taking away liquidity from companies" and asked for attention for the "more serious ones that have kept the credit and have many employees". According to Bocognani, approximately 20% of companies would be affected. The builders have also brought the expensive materials to the table and estimate a requirement of 1.4 billion for 13 thousand construction sites and 7 thousand companies. Without these resources, said Bocognani, "we risk the construction sites coming to a standstill".
AI outlook — possibilities, not facts
New meetings between Government and social partners in the coming weeks
Very likely · Within weeks

In September, import prices in Italy increased by 1.9% on a monthly basis and by 9.6% on an annual basis, while exports recorded a slight cyclical decline of 0.2%.

European stock markets remain little moved, held back by the technology sector and by fears about investments in AI after the Nvidia case. Attention to central banks, inflation and tensions in the Middle East.

Historic record for air traffic in Italy with 2 million flights managed by Enav in the first nine months of the year. Revenues at 812.8 million euros and net profit at 90.9 million (+36.5%). Guidance for 2026 revised upwards.

The composition of the Ftse Mib changes in Piazza Affari. Pirelli and Banca Generali enter the main index in place of Iveco and Recordati, which left due to takeover bids and delisting.

The measure introduces the «Value for newborns» fund with 100 euros per year from the state for those born from 2027. The Bank of Italy promotes the savings initiative, but warns of the risk that the benefit favors only the wealthiest families.

The package provides two alternative tax discounts on salary increases in 2027 for employees under 30: a 5% tax on renewals or 1% on any increase. The Parliamentary Budget Office explains which is best.