26 May 2016, 12:36 GMT
ROME (Sputnik) – The next summit will be held on May 26-27 and Italy suggests holding it in Taormina, Renzi said at the current G7 summit in Japan's Ise-Shima.
In March 2014, the Italian prime minister proposed to hold the high-level meeting in the city of Florence.
The Group’s summits are held alternately in partner countries on annual basis. The country that hosts the top level meeting also holds the presidency during that year and determines the agenda.