Latest news with #Colicci
Libya Observer
08-06-2025
- Business
- Libya Observer
The Italian-Libyan Chamber of Commerce intends to open a branch in Benghazi
The president of the Italian-Libyan Chamber of Commerce, Nicola Colcci, has said that the chamber intends to open an office in Benghazi to work closely with local business representatives. "We are working in great harmony with Libyan institutions," Colicci explained to the Italian Nova Agency. He explained that the goal is to establish cooperation between Italian and Libyan small and medium-sized companies to develop a joint business network and exchange technologies and expertise to access African markets that Libya has already reached. Benghazi is preparing to host Italian companies interested in expanding into Libya as part of the Libyan-Italian Economic Forum, scheduled to take place from June 24 to 27, according to Italian media. Economy Tagged: Italian-Libyan Chamber of Commerce Italy
Libya Review
20-05-2025
- Business
- Libya Review
Clashes in Libyan Capital Disrupt Italian Business Visit
The recent outbreak of violence in Tripoli is a stark reminder of Libya's ongoing instability, said Nicola Colicci, President of the Italian-Libyan Chamber of Commerce. Speaking to the press, Colicci noted that the clashes occurred just as several Italian nationals were in Tripoli attending a trade exhibition. 'Unfortunately, the violence erupted while many Italians were present in the capital for a business event,' he said. Colicci praised Italian Ambassador Gianluca Alberini and embassy staff for their swift and efficient handling of the situation. 'The diplomatic mission managed the emergency with remarkable competence,' he stated. He emphasised that this was the first time in 14 years that Europeans had directly witnessed such violence in Libya, citing the only exception as the ISIS kidnapping of two individuals in 2015. 'As economic stakeholders, we hope this crisis marks a turning point toward long-term stability,' Colicci said. He reiterated the Chamber's commitment to strengthening the presence of Italian small and medium-sized enterprises (SMEs) in Libya, describing it as one of the most promising foreign markets for Italian businesses today. Colicci further stressed that true stability in Libya depends on the growth of a broad-based private sector, which could shift the nation away from its long-standing reliance on government subsidies and foster opportunity for the country's youth. 'A strong and expanding private economy is key to reshaping Libya's future,' he added. Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations. Libya's economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya's economy. The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions. The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition. Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges. Tags: Italian Chamber of CommercelibyatripoliViolence
