Today: 23 August 2025
1 December 2020
1 min read

Italy rolls out new stimulus plan

According to the announcement, the provision also included various tax delays and tax exemptions for firms, and a single tranche of economic aid, up to 1,000 euros for workers such as those employed in the show business and tourism sectors, among other measures…reports Asian Lite News

Italian Prime Minister Giuseppe Conte’s cabinet announced that it has passed a decree to providenew stimulus and relief measures to businesses and worker categories affected by the latest series of restrictions against the Covid-19 pandemic.

Overall, the provision was worth some 8 billion euros ($9.6 billion), Xinhua news agency quoted the cabinet as saying in its announcement on Monday.

According to the announcement, the provision also included various tax delays and tax exemptions for firms, and a single tranche of economic aid, up to 1,000 euros for workers such as those employed in the show business and tourism sectors, among other measures.

The announcement comes as active coronavirus infections in Italy has decreased by 7,300 on a daily average, as the incumbent restrictions in the country have led to the slowing down of the second wave of the pandemic, according to health officials.

On Monday, the country reported 16,377 new cases, taking the overall infection tally to 1,601,554, the Health Ministry said.

However, active coronavirus infections were 788,471 on Monday, down from 795,771 on Sunday, the latest statistics revealed.

Meanwhile, the country’s death toll rose by 672 to 55,576.

Earlier this month, the government had introduced a three-tiered system that split the country into three zones (red for the highest risk, orange for medium risk, and yellow for low risk) according to the level of virus transmission and the situation of the public health system in each region.

Also read:Hospitalisations Decline In France

Previous Story

Sara Yearns For Performance Oriented Roles

Next Story

NY Guv Urges to Avoid Small Gatherings

Latest from -Top News

US sanctions more ICC judges

Washington hits at The Hague with fresh sanctions on four ICC judges and prosecutors, including French and Canadian officials, over probes targeting Israel and US actions abroad….reports Asian Lite News The United

UAE Wows Osaka!

The UAE Pavilion at Expo 2025 Osaka celebrates its three millionth visitor, blending culture, innovation, and hospitality in an immersive showcase of heritage, sustainability, and forward-looking global vision….reports Asian Lite News The

MBS & Sisi talk ties, Palestine

The two leaders reviewed the historic and strategic relations between Riyadh and Cairo and explored new ways to bolster cooperation…reports Asian Lite News Saudi Crown Prince and Prime Minister HRH Mohammed bin

Dubai’s startup supernova

Marking its 10th year, Expand North Star cements Dubai’s role as a global hub for digital innovation, uniting startups, unicorns, and investors to shape the future economy….reports Asian Lite News Expand North

Qatar: Syria’s stability key to region

Qatar, speaking for the Arab Group at the UN, urged unity and sovereignty for Syria as regional diplomacy, UN warnings, and fragile ceasefires highlight a precarious crossroads….reports Asian Lite News Qatar, speaking
Go toTop