Italy is a parliamentary republic. It has been ranked as the world's most-developed country with high quality-of-life Index. A founding member of the European Union and part of the Eurozone. A member of the , and . In 2012, it was the -largest economy in the world and the -largest in Europe in terms of nominal GDP, and the largest economy in the world. Italy continues to be a land of entrepreneurs and a land of opportunities. The small and medium sized enterprise is the engine backbone of our economy. Italy ranks in the EU for the number of small and mediumsized enterprises ( ). The country is well known for its influential and innovative business economic sector, an industrious and competitive agricultural sector, and for its creative and high-quality automobile, industrial, appliance and fashion design. The Italian comedian Roberto Benigni at the European Parliament. (November 10, 2011) List of big Italian inventions which make us proud to be Italians! “… Italians created banks. .. loaned money to Eduard I, and volunteered for asking him the loan back! Italians also created little crazy things: the handshake and the kiss: the French kiss is Italian! Caterina de Medici taught it to Henry II. Italians gave a language to music: created the violin, the piano, gave names to the notes, to the music. Italians came up with frescos, perspective, mannerism, Baroque. They wrote and labeled philosophy, architecture, science, poetry, farming. The first modern artist paid to paint was Giotto, Andy Warhol said he took inspiration from him! Giotto was the first modern artist because he was paid to paint. An Italian discovered America, another one gave it his name. The Mona Lisa is the universal symbol of art! Ferrari is the symbol of all cars, Giorgio Armani is the Michelangelo of fashion … ” Luca Pacioli, “Father of Accounting”. (Venice 1494), book on the method of bookkeeping that Venetian merchants used during the Italian Renaissance, known as the double-entry accounting system. He described the use of journals and ledgers, and warned that a person should not go to sleep at night until the debits equaled the credits. His ledger had accounts for assets (including receivables and inventories), liabilities, capital, income, and expenses — the account categories that are reported on an organization's balance sheet and income statement, respectively. He demonstrated year-end closing entries and proposed that a trial balance be used to prove a balanced ledger. Ancient Rome has had a deep lasting influence on the development of language, religion, architecture, philosophy, law and forms of government. Justinian the Great achieved lasting fame through his judicial reforms, particularly through the complete revision of all Roman laws. This legislation is known today as the Corpus iuris civilis and still continues the foundation in 1804 of the Code Napoléon and the recent Italian Civil Code. Italy's contributions to the cultural and historical heritage of Europe and the world remain immense. of Unesco’s Heritage World Sites. Rich collections of art, culture and literature from many different periods. Over monuments of all kinds (museums, palaces, buildings, statues, churches, art galleries, villas, fountains, historic houses and archaeological remains). most visited country in the world. Some of the finest works in Western architecture, such as the Rome , Duomo in Milan, the Santa Maria Novella in Florence, the and the buildings of Venice, as well as modern and contemporary buildings of contemporary Italian architects such as , Stefano Boeri, . and by Leonardo da Vinci: are the most famous and reproduced paintings of all time. Italian painting dominates in Europe from the Romanesque and Gothic periods until the 20th century. Cimabue Giotto Michelangelo Leonardo da Vinci Donatello Botticelli Fra Angelico Tintoretto Bernini Raffaello Caravaggio Veronese Umberto Boccioni Giacomo Balla Giorgio de Chirico Lucio Fontana The basis of the modern Italian language was established by the Florentine poet , whose greatest work, the Divine Comedy, is considered among the foremost literary statements ever produced. Modern literary figures and Nobel prizes are Giosuè Carducci in 1906, Grazia Deledda in 1926, Luigi Pirandello in 1936, Salvatore Quasimodo in 1959, Eugenio Montale in 1975, satirist and theatre author Dario Fo in 1997. Italians created the piano and violin, classical music forms, such as the symphony, concerto and sonata. Italy's most famous composers include Vivaldi, Paganini, Rossini, and Puccini. Italy is widely known for being the birthplace of the . Works and pieces composed by native Italian composers of the 19th and early 20th centuries, such as Rossini (Il Barbiere di Siviglia, La Gazza Ladra), Bellini (Norma), Donizetti (L’Elisir d’Amore), Verdi (Traviata, Rigoletto, Aida, Nabucco)and Puccini (Boheme, Tosca, Turandot, Madama Butterfly) are among the most famous operas ever written and today are performed in opera houses across the world. , one of the most famous tenors of all time. Giuseppe Verdi Teatro alla Scala di Milano Italy has a long tradition in science up to contemporary research in particle physics: a great contribution to the discovery of . Italian researchers contribute to the LHC project (Large Hadron Collider): the world's largest and highest-energy particle accelerator set up in Geneva, at the European Organisation for Nuclear Research (CERN). Some names: Fabiola Gianotti, the Italian physicist who heads the team called ATLAS, with 3,000 scientists at the CERN, , the Italian physicist , Nobel Prize in Physics in 1984. Scientists of the past: , , (first nuclear reactor and codevelopped the quantum theory), (radio), (electric battery), (telephone). Higgs boson Notable Italian film directors include Vittorio De Sica, , Sergio Leone, Pier Paolo Pasolini, , Michelangelo Antonioni and Dario Argento. Movies include world cinema treasures such as La dolce vita, The Good, the Bad and the Ugly and Ladri di Biciclette. In recent years, the Italian scene has received the international attention, with movies like directed by Roberto Benigni, Il Postino with Massimo Troisi, directed by Giuseppe Tornatore. Italian fashion has a long tradition, and is regarded as one of the most important in the world. Major Italian fashion labels, such as , Versace, , , Dolce & Gabbana, Missoni, Fendi, Etro, Trussardi, Max Mara and , to name a few, are regarded as among the finest fashion houses in the world. Leading high technology companies such as Telespazio, , , Oto Melara Aermacchi major operators in the Aerospace, Avionics, Helicopters, Defence Electronics and Security market. Italy is strong in automotive and motorcycle design, with its prestigious brands such as , ,Lamborghini, Fiat, Alfa Romeo, Ducati. Italy is also prominent in the field of design, notably interior design, architectural design, industrial design and urban design. The country has produced some well-known furniture designers, such as and Ettore Sottsass. Milan and Turin are the nation's leaders in architectural design and industrial design. Milan hosts major design and architecture-related events and venues, such as the Salone del Mobile, and has been home to the designers Bruno Munari, , Enrico Castellani, Piero Manzoni, . from May 1 to October 31, 2015 100+ years old Carnelutti specialises in all areas of company and tax law, with a strong international orientation. 80 lawyers and tax professionals in Milan and Rome. Our professionals work in specialist teams within the firm’s operational practice areas as follow: corporate and M&A, tax, banking & finance, intellectual property, labour, litigation, real estate, energy, media, sports & entertainment, administrative law and accounting. The firm represents major Italian and overseas commercial and industrial groups, banking and financial institutions, investment funds and insurance companies. 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