Energy company Eni, whose largest shareholder is the Italian government, controls almost half of Libya’s oil and gas production. Italy also has heavy energy investments in North Africa. The assets of Zastava, the Serbian maker of the notorious Yugo cars, are now controlled by Fiat. Many prominent banks in the region, like Banca Intesa Beograd of Serbia and Privredna Banka Zagreb of Croatia, are now Italian subsidiaries. It is the second-largest trade partner of both Croatia and Romania, and the third-largest of Bulgaria. It invested $11.4 billion in the Western Balkans in 2018.
Italy is one of the primary investors in the Balkans. Termed il Mediterraneo allargato (the enlarged Mediterranean), Italy’s 21st-century economic vision has led it to invest heavily in North Africa and the Balkans. Foreign Policy noted that “the map of Italy’s rising 21st-century commercial prowess looks a lot like the first-century map of the Roman Empire.” In fact, Italy is becoming Europe’s most innocuous imperial power. According to a Foreign Policy report, Italy has been quietly building an economic empire throughout the Mediterranean region. The latest to do so is Rome’s direct successor: the nation of Italy. All that is left of the glory of the Caesars are their crumbling monuments, now tourist attractions.īut it doesn’t mean that powerful nations throughout history haven’t tried to resurrect those ruins. The Roman Empire is ancient history today. Historian Edward Gibbon called Trajan’s historical epoch the time “during which the condition of the human race was most happy and prosperous.” Trajan’s empire stretched from southern Scotland to the Persian Gulf, from the Atlantic coast of Africa to the Caspian Sea.
Under Trajan, the Roman Empire reached its maximum size. You may know him better as Emperor Trajan, a strong candidate for the greatest emperor Rome ever knew. January 27 was the 1,923rd anniversary of Marcus Ulpius Traianus inheriting emperorship of Rome in a.d.
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