Rome is one of the ancient cities. It is well known for its culture and unique buildings, so much so that thousands of tourists visit it throughout the year. However, the city is slowly decaying and the government fears that its restoration will not be an easy task. He is currently employing new measures to preserve this beautiful, bustling, and disorganized city that has won the hearts of so many people.
Despite the constant flow of tourists, Rome has fallen on hard times in recent years, especially during the coronavirus pandemic, which severely damaged the tourism sector. The decline in investment also contributed to the economic downturn. However, the government directed state and private funds towards the development of Italy’s capital. The authorities are planning a series of big events and want to revamp the city before launching them. According to officials, those events could easily overwhelm Rome if launched under current conditions.
Why is the restoration of the city so crucial?
Rome has approximately 2.8 million inhabitants. These people are totally dependent on the city for their income. However, the government stressed that the economic health of the capital is relevant for the country itself, since its metropolitan area usually generates more than 9% of national production.
In September, the country will host the Ryder Cup competition. The best golfers in Europe will meet their American counterparts. This event takes place near Rome and will attract many visitors. In addition, in 2025, Rome will have a large influx of tourists. The authorities foresee some 30 million visitors for the Holy Year. Roman Catholics often visit Rome in this period to obtain indulgences.
The country has also scheduled an extraordinary Holy Year for 2033. That date marks the 2,000th anniversary of the death and resurrection of Jesus Christ. City officials hope the EXPO world’s fair scheduled for 2030 will be a success as it needs funding for planned restorations.
BONUS VIDEO: Weekly summary of market news
(embed)https://www.youtube.com/watch?v=cGZ4lwPUYo4(/embed)
!function (f, b, e, v, n, t, s) {
if (f.fbq) return;
n = f.fbq = function () {
n.callMethod ?
n.callMethod.apply(n, arguments) : n.queue.push(arguments)
};
if (!f._fbq) f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = ();
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)(0);
s.parentNode.insertBefore(t, s)
}(window, document, ‘script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘504526293689977’);
fbq(‘track’, ‘PageView’);