20 C
Meeting
Friday 17 January 2025

New “SBA” project for overseas public markets

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Small overseas businesses are impatiently awaiting the outcome of the standoff between parliamentary forces over the 2025 finance law.

End of October, the Senate has in fact included in the bill on the simplification of economic life an amendment aimed at “promoting in the medium term the emergence of new local operators capable of fully exercising their free access to public procurement”. For contracts with an estimated amount greater than 500,000 euros excluding taxes, the public buyer may provide for a minimum share set at 20% of execution of the contract which the holder undertakes to entrust to small and medium-sized local businesses or to local craftsmen. The same “Good Purchase Strategy” approach was tested from 2017 within the framework of the Real Equality law.. It had been very little implemented due to the weak incentive provisions which had been introduced in the implementing decree.

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