Italy is once again starting to
attract foreign direct investment after a "substantial" drop in
2012 during a low economic point, the head of the Italian Trade
Commission (ICE) said Thursday.
Riccardo Maria Monti said that inflows of capital rose to
$17 billion in 2013 from a low of $0.09 billion in 2012.
Monti said that he expects that 2014 data will show a
further rise to $20 billion for 2014 followed by a further
"strong acceleration in 2015".
"In the last 24 months Italy is back on the radar of
foreign investors," said Monti.
"Now it is crucial to continue to grow".
Still, Italy is plagued by persistent low levels of
attractiveness for foreign investors, he said.
The ratio of foreign investment to GDP was 19.5% in 2013,
less than half of other States within the European Union which
averages about 49.4%, he said.
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