Mario Draghi’s government has set up a € 248bn price-fixing agency in Italy, including how billions of euros will be funded by the EU epidemic, and set up a number of mechanisms to deal with organizations and accelerate infrastructure development.
The new “Secretariat”, which will go to the office of the Prime Minister, will be in place for five years and is one of the governing bodies established by the Draghi international agreement to oversee the implementation of the 205bn EU and money from EU coronavirus recovery fund.
The body was established through a ministerial initiative. By working for the continuation of the agreement, which is due to expire in 2023 before the upcoming elections in Italy, it will end the uncertainty of a plan to replace the former European Central Bank leader who has resigned as Prime Minister.
Draghi was asked to form an emergency government in February as soon as he finished overseeing Italy. He is not expected to continue as Prime Minister until the next election.
Kulumanali told lawmakers in April that the “future” economy of the third euro growth and its “reliability and history” as the founder of the EU depended on the success of the transition. This seeks to rebuild the economy that has not been devastated by the epidemic but has not grown significantly since the beginning of the Millennium.
Italy is expected to receive a major component of the EU’s 750bn Recovery and Resilience Plan, which was launched last year to help member states. Additional funding for the program will come from the state budget.
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Rome has promised the European Commission to establish a system of regulatory framework before opening up EU funds, the first of which is expected to be handed over to Italy in the summer.
The same legislation, approved by the Italian prime minister on Friday evening, set the stage for the finance ministry to change the committee on a regular basis on currency exchange transactions. It also provided the ministry with new anti-corruption services that would help prevent fraud and monitor conflicts of interest.
The law includes a number of measures to speed up government operations, including the construction of high-speed railways. There will also be bonuses and fines for builders depending on the speed at which they complete the work.
Other changes include a long-term reduction in the need for Italian authorities to approve the introduction of mobile devices, from six months to 90 days, and ways to enable contracting companies to hire subcontractors.
Mr Draghi has nominated a number of non-political candidates to hold public office, along with technocrats and politicians from several major political parties.
They include Draghi’s allies, such as Finance Minister Daniele Franco, former Bank of Italy former ambassador, and digital technology and digital transformation minister Vittorio Colao, Vodafone’s former chief executive.
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