Investment in Italy

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Investment in ItalyHarboursOrbassanoRivalta ScriviaNovaraGenovaVado SavonaLigureParmaVeronaVeneziaPadovaRovigoS. StefanoMagra BolognaLa SoeziaLivornoPratoPiombinoCervignanoRavennaTriesteAnconaThere are approximately 30 major ports,handling 85 million passengers per year andoffering 280 km of docking areas.Port traffic: 550,000 ships.148 ports distributed along 7,400 km ofcoastline handle 463 million tons of freightper year.CivitavecchiaPescaraAvezzanoOlbiaMArcianiseNolaNapoliBariBrindisiTarantoCaglairiPalermoGioia TauroReggio CalabriaTermini ImereseCataniaBicoccaRoadsBrenneroG.S. BernardoA22TrevisoBellunoM.BiancoA23A8A9A27A28AostaA5A31MilanoTriesteFrejusA4VeneziaA7A4TorinoA21A1 A13A6 A26 A15BolognaGenova A12VentimigliaA10A11 FirenzeA32A14 AnconaA1PerugiaThe national road network includes 53,000 kmof motorways and main roads, representingapproximately 16.2 percent of the entire EUnetwork.The national motorway network extends forsome 6,600 km and is fourth in the EU byoutreach.L’AquilaA24A12 A25 A14RomaA1CampobassoA16A30NapoliPotenzaA3BariCaglairiCatanzaroPalermoMotorwaysFree MotorwaysA29A19A20A15Principal Road10© 2012 KPMG S.p.A., KPMG Advisory S.p.A., KPMG Fides Servizi di Amministrazione 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 independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Investment in Italy1.2Snapshot of the Italian economy1.2.1Main macro-economic indicators for Italy: 2005-2010Main economic indicators2005 2006 2007 2008 2009 2010(e)GDP (eur bln) 1,245 1,271 1,288 1,271 1,207 1,219GDP (YoY changes) 0.8% 2.1% 1.4% -1.3% -5.1% 1.00%Unemployment rate (% labour force) 7.7% 6.8% 6.2% 6.7% 7.8% 8.4%Average nominal wages inflation 2.7% 3.4% 2.8% 3.4% 3.2% 2.2%Labour cost per hour (eur) 19.5 20.0 20.6 21.3 21.9 22.4Consumer price index 2.2% 2.2% 2.0% 3.5% 0.8% 1.5%Export of goods (% change) 2.0% 6.5% 3.9% -3.9% -19.1% 6.4%Import of goods (% change) 2.7% 6.2% 3.3% -4.3% -14.6% 5.2%Source: Economist Intelligence Unit1.2.2Key industries overviewThe Italian economy is characterised by 4.4 million highly dynamic firms operating in manydiversified industries. The vast majority of these are small and medium-sized enterprises(SMEs), while approximately 3,400 firms only are considered large companies with morethan 250 employees. While the presence of a vast majority of SMEs is a common feature ofmany European economies, a peculiarity of Italian industry is the presence of a large numberof micro-firms: approximately 95 percent of companies have less than nine employees, 3percent of companies have 10 to 19 employees and approximately 79,000 companies employmore than 20 people (source: ISTAT). Italy can be geographically split into an industriallydeveloped northern region, dominated by private companies, and the less developed south,with a high rate of unemployment.The service sector is a major contributor to the Italian economy. It accounts for approximately73 percent of GDP and is also the fastest growing segment. Tourism, retail and financialservices represent a significant part of the sector.The industrial sector accounts for approximately 25 percent of GDP with the remaindercontributed by agriculture (source: L’Italia in cifre, ISTAT, 2010). Motor vehicles, fashionand luxury goods, life science, aerospace, chemicals, information and communicationtechnology, logistics, renewable energy, and precision machinery are among the mostimportant sectors of Italian manufacturing.Some of the key Italian sectors are described below.© 2012 KPMG S.p.A., KPMG Advisory S.p.A., KPMG Fides Servizi di Amministrazione 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 independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.11
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Investment in Italy

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