The cabinet of Giorgia Meloni, the Italian prime minister, has adopted a package of policies that tighten government oversight of technology transfers overseas and encourage international investment.
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| Giorgia Meloni, the Prime Minister of Italy |
The so-called comprehensive "assets and investment" order was approved by Meloni and her cabinet ministers during the final cabinet meeting before the summer break, according to Industry Minister Adolfo Urso, who spoke at a joint news conference with other colleagues on Monday.
According to Urso, who was quoted by the news agency Bloomberg, one division oversees the export of technology, whether it comes from within or outside of a company, as it gives the government more control over what can be transferred in fields like artificial intelligence, semiconductors, cyber security, space exploration, and energy.
In order to streamline and expedite the proceedings, he said, there is another mechanism that allows the government the power to designate an extraordinary commissioner to handle significant inflows of foreign cash. This is a component of Meloni's strategy to increase investment while tightly controlling the process.