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Saturday, November 26, 2022
HomeEconomyItaly announced new measures to deal with the energy crisis

Italy announced new measures to deal with the energy crisis

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The Italian government has also decided to grant new licenses for the extraction of natural gas in Italian territorial waters.

Georgia Meloni’s government tonight approved new measures to deal with the energy crisis. In more detail, a “green light” was given to the provision of 9.1 billion euros to support the country’s households and businesses.

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Among others, 3.4 billion was approved, in the form of a tax refund, to help businesses and commercial activities that will purchase electricity and natural gas throughout the month of December. At the same time, 1.3 billion euros will be used to extend, until the end of the year, the reduction of taxes imposed on fuel.

And businesses, like households, will now be able to pay their gas and electricity bills in installments. For the accounts of the period from October 1 to March 31, 2023, up to 36 monthly installments will be provided.

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The Italian government has also decided to grant new licenses for the extraction of natural gas in Italian territorial waters. The cabinet of the Meloni government approved the increase of the upper limit for cash payments, from the amount of one thousand euros – which was in force until now – to five thousand euros.

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Michael
Michael
I have worked in the news industry for over 10 years and have been an author at News Bulletin 247 for the past 5 years. I mostly cover technology news and enjoy writing about the latest gadgets and devices. I am also a huge fan of music and enjoy attending live concerts whenever possible.

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