New entity to centralise Malta’s strategic investments and partnerships
Malta’s strategic investments and public-private partnerships will be overseen by a new government entity, the Malta Investments and Economic Advisory (MIEA), launched on Monday by Economy Minister Silvio Schembri. The agency brings together work previously carried out by Malta Government Investments, Malta Strategic Partnership Projects and Mimcol. The launch marked the formal merger of MGI, the government’s holding company, and MSPP, its public-private partnership contact point, while also incorporating functions previously handled by Mimcol, which was wound down in 2024. Authorities had said the distinction between Mimcol and MGI had become blurred. MGI chair Ronald Mizzi said the entities had lost clarity of purpose over time, requiring a new scope. Schembri said MIEA sends a clear message about a more coordinated economic vision, aligned with sustainability, quality of life and the government’s Vision 2050. (TVM News)
PN says party holds more assets than liabilities
Opposition Leader Alex Borg said on Monday that the Nationalist Party’s debt currently stands at €11.7 million, while insisting the party holds more assets than liabilities. Borg published the PN’s accounts as he marked his first 100 days as leader. The latest accounts, covering 2024, show the party recorded a deficit of €737,733, compared with a surplus of €863,517 in 2023. Speaking outside party headquarters, Borg said the PN had submitted and published its financial accounts for the period 2021 to 2024 with the Electoral Commission. He said the move demonstrated the party’s commitment to transparency and credibility, contrasting it with what he described as the government’s lack of disclosure on campaign spending and asset declarations. Borg also highlighted key appointments made during his first 100 days, including a new CEO, campaign manager and leadership delivery office head. (The Malta Independent)
NGOs criticise Malta’s stance on proposed changes to migrants’ rights
A group of civil society organisations has expressed deep concern over Malta’s decision to join 26 other countries in calling for changes to the European Convention on Human Rights that would restrict the rights of migrants. In a statement, the NGOs said the proposals, framed as national security measures, risk significantly lowering human rights standards across more than 40 European states. They described Malta’s alignment with the initiative as unacceptable, warning it could expose people to practices repeatedly found by courts to be illegal and in breach of fundamental rights. The organisations noted that the move was made on Human Rights Day, when Malta supported proposals to revise how Europe defines and applies migrants’ rights. They argued this reinforces the notion that human rights are reserved for nationals, rather than universal and indivisible. (Times of Malta)
