Italy plans to increase taxation on companies that operate in sectors benefiting from favourable economic conditions, Economy Minister Giancarlo Giorgetti said on Thursday.

Italy plans to raise taxes on the companies that benefitted most from the economic turbulence of recent years in order to help bring down the country’s budget deficit, Finance Minister Giancarlo Giorgetti said.

French President Emmanuel Macron endorsed a temporary tax on the country's largest companies. Speaking on a panel at the Berlin Global Dialogue moderated by Bloomberg's Stephanie Flanders, he added this should be "limited.

Italy plans to sell a further stake in bailed-out bank Monte dei Paschi di Siena by the end of this year, Economy Minister Giancarlo Giorgetti said on Thursday.