Italy Pumps €40 Million Into Books

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Italian publishers, authors, libraries and bookshops to benefit from stimulus package.

Italy is to inject €40 million into the country’s book industry, from bookshops to publishers, as part of a stimulus package to relaunch the economy devastated by the coronavirus emergency.

The measures are contained in a decree signed on 4 June by Italian culture minister Dario Franceschini, who announced the news on Twitter, saying the investment would support “bookstores, publishers, distributors, authors.”

These are the first measures pushed through under the emergency cultural business fund established by Italy’s relaunch decree, with funding of €210 million this year, reports Italian news agency ANSA.

By In Trieste

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