Investment in Italy
Investment in Italy
Investment in Italy
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<strong>Investment</strong> <strong>in</strong> <strong>Italy</strong>1.Country overview<strong>Italy</strong>, with a population of nearly 60 million <strong>in</strong>habitants, is divided <strong>in</strong>to 20 regions. Five ofthese regions (Valle d’Aosta, Trent<strong>in</strong>o-Alto Adige, Friuli-Venezia Giulia, Sicily and Sard<strong>in</strong>ia)have special autonomous status that enables them to enact certa<strong>in</strong> local legislation.The country is further subdivided <strong>in</strong>to 110 prov<strong>in</strong>ces and more than 8,000 municipalities.Rome, located <strong>in</strong> the Lazio region, is the largest Italian city (more than 2.7 million <strong>in</strong>habitants).Milan <strong>in</strong> Lombardy (1.3 million <strong>in</strong>habitants), Naples <strong>in</strong> Campania (one million <strong>in</strong>habitants),Tur<strong>in</strong> <strong>in</strong> Piedmont (0.9 million <strong>in</strong>habitants) and Palermo <strong>in</strong> Sicily (0.7 million <strong>in</strong>habitants) arethe other largest Italian cities.The key bus<strong>in</strong>ess regions are located <strong>in</strong> the north of the country (Lombardy, Piedmont andVeneto).The majority of the Italian population (66 percent) falls with<strong>in</strong> the age group 15-64. Thepercentage of people older than 65 is ris<strong>in</strong>g and currently stands at 20 percent while therema<strong>in</strong><strong>in</strong>g 14 percent of the population falls with<strong>in</strong> the age group 0-14.8© 2012 KPMG S.p.A., KPMG Advisory S.p.A., KPMG Fides Servizi di Amm<strong>in</strong>istrazione S.p.A., KPMG Audit S.p.A., Italian limited liability share capital companies, and Studio Associato Consulenza legale e tributaria, anItalian professional partnership, are member firms of the KPMG network of <strong>in</strong>dependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.