I found out a bit about the Medals...
Top Medal
Medaglia Dell Guerra 1915-1918 (War Medal 1915-1918) Awarded for participation to the 1st World War.
This medal was instituted on 29 July 1920 and replaced a ribbon bar, introduced on 21 May 1916, which was awarded after 1 year service in a war zone.
Additional war service years were indicated by a small silver star on the ribbon
In 1920 this ribbon was replaced by the medal and a number of bars are attached to the ribbon according to the recipients war service. These bars are covered with laurel leaves and bear either a service year between 1915 and 1918 or the word Albania, followed by a service year between 1916 and 1920.
Bottom Awarded to all Allied Particapents, each country had its own medal but the ribbon was the same on them all & the design was very similar as well.
Medaglia Della Vittoria Interalleata (Medal of Allied Victory) Awarded to participants of the 1st World War.
The obverse depicts a winged Victory on a triumphal chariot drawn by four lions while the reverse has a tower-like structure from which fly 2 doves. Around the upper rim is the text "GRANDE GVERRA PER LA CIVILITA" (The Great War for Civilization), in the middle the war years "MXMXIV" and "MXMXVIII" and in the exergue "AL COMBATIENTI DELLA NAZIONE ALLEATE ED ASSOCIATE" (To the combattants of the allied and associated countries).
The medal was instituted on 6 April 1922.
Just in case anyone was interested.