Italy's largest bank by assets
Intesa Sanpaolo said Thursday it was ready to plough five
billion euros over three years into Italy's tourism sector after
a deal with the culture ministry.
The three-year 'Pact for Tourism 4.0' will be accompanied by
"a series of measures of joint action all along the chain of
production of the firms in the sector, the two sides said.
They said they would shortly release the support package for
the Italian tourist sector, a sector which is worth 185 billion
euros a year, making up an 11.8% chunk of GDP and 12.8% of
Italian employment.
Culture Minister Dario Franceschini said "the private sector
is lagging, it should invest in tourism".
He said "the sector is in very strong growth, synergies are
need with the public sector," he said.
photo: Intesa Sanpaolo CEO Carlo Messina
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