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Turin, Italy News About Turin, Italy Turin is the economic capital of Italy. As with most modern economies, the importance of the service sector has grown considerably in Turin in recent years. The city has built on its strong industrial tradition and has developed a diverse economy. Turin has a long established automotive industry that continues to play an important role in the local economy. Fiat is one of the city's largest employers and several other companies which operate in the components and car design sectors, such as SKF, Dayco, Bertone, Italdesign-Giugiaro and Pininfarina, are resident in Turin. Other industries with a strong presence include electronics, engineering, food, printing and publishing, steel, textiles, and rubber. The city's service sector is flourishing and Turin plays host to prominent companies in the banking, insurance and ICT sectors. Italy's most important bank, Istituto Bancario San Paolo, has its headquarters in Turin and the second largest savings bank, CRT bank also operates in the city. Turin is also home to the Banca Popolare di Novara and three of Italy's top insurance companies, Sai, Toro and Reale Mutua Assicurazioni. The headquarters of Stet-Telecom Italia, the world's sixth largest telecommunications company, are also located in the city. Some of the Turin's largest companies in the agricultural sector include the coffee producer Lavazza Ltd, and wine and spirit producers such as Cinzano, Martini & Rossi and Gancia. The Piedmont region is one of the richest in the EU and boasts a strong tradition for excellent food and wine, together with a vast artistic and cultural heritage. As a result, this part of Italy is a pleasant place in which to live and work. The region also benefits from picturesque mountains, offering first class skiing facilities, beautiful nature reserves and lakes and is less than 1 hour away from the coast. Other Major Cities:
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