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1. Press releases

   Quo vadis culture? Towards a business perspective

   There are two great pillars of Italian culture that hold Italy together, according to the Minister of Culture, speaking at the Trento Festival of Economics: museums and publishing. Considering our country as a super power, not in the geopolitical sense, but in the historical sense, culture also becomes an opportunity for socio-economic development. In order to do this, we need, on the one hand, the valorisation of heritage, and on the other a competitive and entrepreneurial outlook, which looks both at the digitalisation of assets (one of which is publishing), and at a managerial management of cultural spaces: museums in primis, for the Minister, thus become true companies, capable of generating a profit with spin-offs in terms of industrial chain and employment, but also redistributable in terms of internal solidarity.

   Publication date: 26/05/2024

   
2. Press releases

   The supercomputers that are changing our lives

   What is supercomputing? To get an idea, just think that a supercomputer can perform 600 million billion complex mathematical operations per second. These systems are organised in tens of racks, thousands of computing nodes, tens of thousands of GPUs. From the point of view of energy consumption, the maximum power consumption can reach 10 MVA. At the Trento Economics Festival a discussion on the state of the art and prospects with academics and cutting-edge companies, with a message for Italy and Europe: invest more in training, research and technology transfer.

   Publication date: 26/05/2024

   
3. Press releases

   Tax reform: pay all for pay less

   The 'redditometro' no longer exists and the mechanism that cross-references expenses with declared income to identify tax evasion should no longer be called that. This was stated by the Deputy Minister of Economy and Finance during the Trento Festival of Economics. The new mechanism, introduced in 2018, aims to protect honest taxpayers and identify big tax evaders, respecting the indications of the Privacy Guarantor and Istat rules. He also highlighted the need to reform IRPEF rates to counter the impoverishment of the middle class.
   During the meeting, Lilia Cavallari, president of the Parliamentary Budget Office, discussed the impact of the reform on the state budget, and Federico Maurizio d'Andrea, president of Banco BPM's Supervisory Board, emphasised the importance of fiscal justice to rebalance the public budget. Technology and traceability will be key to the success of tax reform.

   Publication date: 26/05/2024

   
4. Press releases

   The new legal framework of the Third Sector

   The great crisis of resources and the complexity of new needs make it necessary to redesign a new welfare model. A welfare for all and not tailor-made for those who can afford it. In this context, the Third Sector has a fundamental role in contributing to the full guarantee of social rights, in accordance with the constitutional principle of subsidiarity. Imagining a new welfare model, which sees an integrated public and private commitment, is one of the crucial challenges for Trento European Volunteer Capital 2024. At the Itas Forum, promoted by the Municipality of Trento in collaboration with the organisation of the Festival of Economics, the focus "Rethinking Welfare through Public-Private Partnerships" opened new stimuli for dialogue.

   Publication date: 26/05/2024

   
5. Press releases

   The importance of co-operatives in facing the challenges of a changing music world

   There are more than 43,000 people in Italy today who live, or try to live, from music for a sector that is decidedly healthy but at the same time faces a number of problems in a context of continuous and swirling change. From this perspective, one challenge is the one thrown down, even in our country, by the cooperative model to the recording industry. This was discussed this morning at the Festival dell'Economia in Trento during the meeting "Ethics and Economics in the Music Business" involving Francesca Martinelli, director of the Fondazione Centro Studi Doc, Andrea Ponzoni, ceo of Freecom Hub and Omar Pedrini, an important figure in Italian rock music, first with the band Timoria and then in the guise of singer-songwriter and TV author.

   Publication date: 26/05/2024

   
6. Press releases

   Unity, the only way in our time

   At the Festival dell'Economia in Trento, the deputy director of Tg5, Giuseppe De Filippi, interviewed the president of the Foreign and Community Affairs Commission of the Chamber of Deputies. The similarities between the times we live in and those experienced in the middle of the past millennium are emblematic. Today, democracy remains the cornerstone of Europe, because with democracy, we have the freedom that is the basis for development. But if our democracy seems to be in crisis, it is even more important to go and vote today for a Europe that demands common security and defence. A Europe that, after various phases, not exactly extraordinary, is finally going in the right direction.

   Publication date: 26/05/2024

   
7. Press releases

   Space science and economy: a system of excellence in Trentino

   Today at the Cinema Vittoria, the event 'What strategy for the Italian space economy', promoted by Confindustria Trento, with the participation of Roberto Battiston, University of Trento, Elena Grifoni Winters, Gran Sasso Science Institute, Alfredo Maglione, president of the Optoi Group, and Paolo Nespoli, senior ESA astronaut, who spoke - with the moderation of Corriere del Trentino columnist Enrico Franco - about the developments in the space economy.
   The space economy is important on all fronts: both from an economic point of view, and because it fuels research, with spin-offs in the most diverse fields, and because in space one of the games of world security in the future will be played.

   Publication date: 26/05/2024

   
8. Press releases

   Inflation: danger averted? We are coming out of it

   Are we coming out of inflation? The three speakers who gave their impressions this morning at the Trento Festival of Economics in the panel "Inflation: escaped danger?" showed optimism. In the Falconetto Room of Palazzo Geremia, an incisive Luca Davi, journalist for Sole 24 Ore, moderated the speeches by Rita Mascolo, professor of economic and business history at LUISS and the European University of Rome, by Marco Buti, holder of the Tommaso Padoa-Schioppa Chair at the European University Institute and in the past head of Cabinet of the European Commissioner for Economic and Monetary Affairs, and Giovanni Tamburi, president and CEO of Tamburi Investments Partner, an independent investment and business bank that invests in the development and growth of medium-sized Italian companies.
   There were also many questions from the audience, demonstrating the interest aroused by this phenomenon that has changed the balance of the market and our daily lives since 2021.

   Publication date: 26/05/2024

   
9. Press releases

   New forms of mutualism: courage, tenacity and community focus are needed

   Courage, tenacity and community focus. These are the ingredients that cooperatives use to transform moments of crisis into opportunities. Protagonists in the Confcooperative cloud yesterday afternoon were three high-impact experiences.

   Publication date: 26/05/2024

   
10. Press releases

    From the European single market to digitisation, the role of banks in the future

    He foresees the absolute centrality of banks, José Manuel Campa, president of the European Banking Authority, in the EU's future scenarios, but a centrality that is based above all on their dual role of intermediation and risk management. "The union of European financial markets has been one of Europe's main programmes over the last five years," he told the Trento Festival of Economics, "and it will have to continue even more assiduously in the future. In this scenario, banks will (and must) have two main roles: to act as advisors in investment activities and as intermediaries with non-financial companies; and to issue financial instruments'. The same role will also fall to them in coping with environmental and technological transitions, with a perspective that, for Campa, must once again look in the direction of a pan-European dimension.

    Publication date: 26/05/2024

    
11. Press releases

    Promoting inclusion and valuing teachers: the initiatives of the Minister of Education and Merit

    The new regulations for school inclusion, particularly for students in difficulty and foreigners, and training for support teachers, but also the issue of salary increases for teachers and the reintroduction of the conduct grade to restore their authority. These were the topics of this morning's dialogue at the Trento Festival of Economics between the Minister for Education and Merit, remotely connected, and Claudio Tucci, a journalist from Sole 24 Ore who has been covering schools for over twenty years. Also in the audience was the vice-president and councillor for education, culture and sport, family, youth and equal opportunities policies of the Autonomous Province of Trento.

    Publication date: 26/05/2024

    
12. Press releases

    Cipollone of the ECB: 'We must all act to combat climate change'

    Festival of Economics

    Publication date: 26/05/2024

    
13. Press releases

    Betting on youth: from sport to mathematics, good practices to shape the future

    Trento European Volunteer Capital 2024 is a focus on civic engagement and the protagonism of young people. At the Itas Forum, promoted by the Municipality of Trento in collaboration with the organisation of the Festival of Economics, the focus "Shaping the future: betting on young people to generate change" investigated the activation processes of the new generations and the enhancement of their skills. From inclusion to trust, from sport to mathematics, a narrative of good practices was created. In closing, a warning from sociologist and co-founder of the Codici Cooperative, Stefano Laffi: 'We know nothing about the future. Adults know about the past, and are often anchored there. We must stop being on the pedestal and enter into dialogue with the new generations to imagine the future together. We must give young people tools for experimentation, opportunities'.

    Publication date: 26/05/2024

    
14. Press releases

    Female entrepreneurship, a challenge for society and the economy

    Social infrastructure, resources, welfare and above all a cultural paradigm shift. And maternity understood as a personal fact, but also as part of a shared family project and an economic resource for society. The topic of female entrepreneurship today suffers from backwardness in the tools supporting motherhood and, more generally, domestic and family care, very often still on the shoulders of the female component. Discussing the topic this morning in the Calepini Room of the Chamber of Commerce were the MP and former undersecretary of the Ministry of Labour and Social Policies, the councillor for Economic Development, Labour, University and Research of the Autonomous Province of Trento, the president of the Women's Enterprise Committee of the Ministry of Enterprise and Made in Italy Valentina Picca Bianchi, and the president of the Italian Lawyers' Association Tatiana Biagioni. The meeting was moderated by the president of the provincial Equal Opportunities Commission.

    Publication date: 26/05/2024

    
15. Press releases

    New tax rules for European governance, 'Copernican revolution

    In order to assess the new European fiscal governance, one has to take a step back and look at the world before the pandemic. A scenario based on a binding Stability and Growth Pact with very strict centralised rules that some countries did not respect. With the pandemic, these constraints were suspended; a suspension that then lasted almost four years. It was then decided to arrive at new rules, which have some fragilities. The crucial aspect that has made a significant step forward, however, is that the new rules have a time horizon for budget adjustment that is not immediate but multi-year, four years extendable to seven. Individual countries thus have the opportunity to decide on a management strategy for themselves. This is a great advantage for the states, since the rules are compatible with sustainable development.
    Thus Marcello Messori of the European University Institute, speaking at the Palazzo della Regione at the panel 'New fiscal rules for European governance', moderated by Nicola Saldutti, Corriere della Sera economics editor-in-chief.

    Publication date: 26/05/2024

    
16. Press releases

    Nobel Laureate Yunus: the planet is burning, we save it with a new inclusive civilisation and zero emissions

    The house - our planet - is burning but we have not yet gone out to put out the fire. And there is not only global warming in the three 'distortions' on which the current global economic structure is based. There is also the excessive concentration of wealth and a technological development that tends to replace human beings with machines. The answer is to found a new global economic machine that works for everyone. "A new civilisation" that is no longer self-destructive and based on profit maximisation, but on the "three zeros": zero climate-altering emissions, zero concentration of wealth, zero unemployment. Also through the positive role of social enterprise, the contribution of finance that grants resources to all, and not only to those who already have them, freeing individual entrepreneurial energies, and with the fundamental role of young people. This is the inclusive economy designed by Muhammad Yunus, 2006 Nobel Peace Prize laureate and founder of Grameen Bank, who in his participation in connection from Dhaka, Bangladesh, filled the hall of the Vittoria cinema, dialoguing with Paolo Brichetti, creator and manager of CreditAccess India, and Gigi Donelli, chief news editor of Radio 24.

    Publication date: 26/05/2024

    
17. Press releases

    Illegal capital and tax havens

    Illegal capital and tax havens: a scourge of our time, on which Antonio Martino, lawyer, former general of the Guardia di Finanza, Francesco Greco, former prosecutor of the Republic of Milan and advisor on legality to the mayor of Rome, and Alessandro Santoro, professor at the University of Milan - Bicocca and former president of the International Monetary Fund's Commission on Tax Evasion, moderated by Angelo Mincuzzi, editor-in-chief and correspondent of 'Il Sole 24 Ore', discussed this morning at Palazzo Geremia in Trento.
    Money is like water, it always finds a way in, is the assertion they started from, quoting a Swiss minister. Basically, whatever measures are taken to combat tax evasion, money will manage to hide, to filter in, to escape controls. The situation has actually changed somewhat in recent years and, also with input from the OECD, some countries, including the EU and Italy, have started to introduce legal and fiscal correctives to try to change the situation. But there are many ways to evade tax in the international economy, not to mention that countries such as the United States and China have decided not to apply these measures. Tax havens therefore remain a fundamental infrastructure not only of the illegal economy, corrupt practices and so on, but also of the legal economy.

    Publication date: 26/05/2024

    
18. Press releases

    History of imagination: how we started to think what is not there

    "History of the imagination: how we started to think what is not there": this is the fascinating theme entrusted by this nineteenth edition of the Trento Festival of Economics to Paolo Colombo, lecturer at the Università Cattolica del Sacro Cuore in Rome and also collaborator of Rai 3, to Sarah Stride, musician and singer but also art therapist and researcher, and to Michele Tranquillini, an artist specialised in illustration, video and live performance. A "transversal" approach, as you can imagine, and very engaging, the one developed at the Philharmonic Hall in Trento, a journey to the origins of creativity, then to cave paintings, drawings and tattoos imprinted on the body, to the lines that man has imagined joining luminous dots in the sky, creating constellations. The stories narrated by Colombo, combined with Stride's sound improvisations and the drawings projected on the luminous screen behind the stage by Tranquillini were able to captivate the audience and suggest new paths to the discovery of a talent that distinguishes homo sapiens and has always been related to their physical characteristics, since the dawn of time.

    Publication date: 25/05/2024

    
19. Press releases

    Clara, music is my dream come true

    "In my piece, Scar, I talk about the passing of time because even as children we realise the fear that life passes too quickly. I lived for years with the anxiety of time, of not succeeding, of having to arrive but not enjoying things, even the smallest things. Now I am calmer and enjoy the individual moments as they happen'. These are the words of Clara Soccini, a.k.a. Clara, the protagonist of the meeting 'Diamanti grezzi: la strada dei giovani che iniziano a splendendere' tonight at the Teatro Sociale for the Festival of Economics. Clara told her story in a dialogue with Radio24 journalist Marta Cagnola. In her words all the enthusiasm of her twenty-four years and of a path that began in fashion and continued on the small screen thanks to her participation in the Rai fiction "Mare fuori" to then arrive at her true great passion: music. Clara, after winning Sanremo Giovani in 2023, was among the protagonists at this year's Sanremo Festival with the song 'Diamanti grezzi' with which she won an important award such as the prize named after Enzo Jannacci for best interpretation.

    Publication date: 25/05/2024

    
20. Press releases

    Money and religion: no global economy without reference to a spiritual economy

    The Trento Festival of Economics discusses the relationship between money and religions in a round table at the Cinema Vittoria, moderated by Radiocor journalist Silvia Marzialetti, with Paolo Costa, philosopher, essayist and researcher at the Centre for Religious Sciences at the Fondazione Bruno Kessler in Trento, Federica Miglietta, Professor of Economics of Financial Intermediaries at the University of Bari Aldo Moro, Yahya Sergio Yahe Pallavicini, Imam and Vice President of the Italian Islamic Religious Community, Richard Robb, Professor of Professional Practice at the Columbia School of International and Public Affairs and Laura Zanfrini, Professor at the Catholic University of Milan.
    Money has always stimulated the critical reflection of humanity and religions on the terrain of the relationship with one's neighbour. The great theme of sapiential and religious texts has always been that of money. In this context, we can define as 'ethical' the Islamic finance that counteracts the accumulation of wealth and capital in the hands of the few. On the other hand, reference should be made to the sovereign wealth funds in the Islamic world, which instead move the lever of financial accumulation, such as the sovereign wealth fund of Qatar, which in 2022 alone had a turnover of 445 billion dollars.

    Publication date: 25/05/2024