“There has been overwhelming response to Bahrain’s first road show to Italy as over 60 companies have so far registered and there will be no change in schedule of the visit,” Ambassador Enrico Padula told the 24X7 News on Thursday, adding that Italian economy was doing well except the ongoing economic upheaval, which according to the envoy, was a part of the wider economic crisis worldwide.
“Notwithstanding the present financial difficulties, economic and trade relations between Italy and Bahrain are witnessing great strides forward. Monday the 14.11 the first “Road Show” on the Bahrain market in Italy will start in Milano, organized by the Economic Development Board (EDB) with two main events, on 15.11 in Milano in cooperation with the Chamber of Commerce of Milano, and on 16.11 in Rome in cooperation with Confindustria. A total of 50 Italian businesses have already registered the great interest the Italian business community is showing in this event. With the opening of the Gulf Air direct flight to Rome on Dec. 1st, Italy will soon become the European country with more destinations served by the Bahrain national carrier, enabling easier business contacts,” the Ambassador Padula added.
Italy as we are speaking, the envoy said, is perfectly all right as the efforts have been on to resolve the economic issues and the head of the State Italian President had assured to resolve the issue soon.
Following is the statement issued by the Italian Embassy in Manama on the current economic turmoil in Italy.
The President of the Republic of Italy Giorgio Napolitano has declared: “The financial markets’ pressure on the Italian Treasury bonds increased today to alarming levels. To eliminate any misconstruction or ambiguity I wish to state the following, in my capacity as Head of the State:
1) There is no uncertainty of any sort on the decision taken by Prime Minister Silvio Berlusconi to resign. That decision will take effect as soon the “stability law” for the year 2012 is approved by the Parliament;
2) The above mentioned law shall be approved within few days, as already agreed by the Chairmen of the Senate and the House with the Parliamentary majority and opposition groups;
3) The Constitution-mandated consultations will then immediately be held by the President of the Republic with utmost celerity in order to quickly solve the government situation subsequent Prime Minister Berlusconi’s resignation;
4) Therefore, in a very short time either a new Government will be appointed, on the basis of the Parliament’s confidence vote, to tackle all necessary measures, or the Parliament itself will be dissolved, to hold new elections in the shortest time.
The fear that Italy might face a prolonged period of governmental and parliamentary paralysis has no basis. In any event, emergency measures can be adopted at any time, as necessary.”