You could easily be close to half that total price in parts, depending on actual quality etc of the parts on offer. Maybe more, maybe less...details are vague. But if it is a fully running package...then that would save some tuning/dyno time or whatever afterwards, although it'd be hard to ensure everything was a turnkey package given there are still lots of install variables.

Labour to assemble, harder to say. There are those who would simply throw an engine together ( and would probably live for a very long time ) and there are others who would be very anal about every last detail...of which consumes a lot of man hours.

And the government stealing 22% of every single part, and every single hour....is just ridiculous ( Italy 22% VAT rate )

But sure if they can actually get it...fair play to them. There probably is a market somewhere in Europe, otherwise they wouldnt be offering it. The more sources for parts etc the better.