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Electrofix Group Acquires Arjakon Ltd

Arjakon’s Airwell products on Electrofix’ ECODarna Stand at Trade Fair Electrofix Group, a leading Maltese company specialised in renewable energy products, announces the acquisition of Arjakon Ltd, a leading importer…

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National Lottery plc Concludes Agreement With Lottery Agents

National Lottery plc a subsidiary of the IZI Group and the new operator of the National Lottery of Malta as from July 5th, 2022, has announced in a joint statement…

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18

Jun

Venezuelan oil exports to Europe set to resume after two years

A 650,000-barrel-cargo of Venezuela's oil chartered by Italy's Eni is about to set sail carrying the first export of crude from the U.S.-sanctioned country to Europe in two years, Refinitiv…

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GO To Sign 6 New Television Productions; Commitment To Support Production of Maltese TV Content

Following last April’s announcement of the return of the popular TV series Iċ-Ċaqqufa’s fourth season exclusively to GO Originals, GO is announcing a new production - l-iSpettur Leonard, a spinoff…

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Malta removed from FATF Grey Listing / Malta News Briefing – Wednesday 15 June 2022

1745- Latest News update Times of Malta says grain importers are to be given additional storage space free of charge, allowing them to bulk-buy the staple food to offset rising…

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MDB launches €150 million emergency liquidity support to businesses in response to the Ukraine crisis

The Liquidity Support Guarantee Scheme is targeted towards all impacted business, with specific measures aimed at fuel and oil importers The Malta Development Bank (MDB) has launched the Liquidity Support…

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Microsoft Hosts Partners Meeting, Microsoft To Keep Investing In Malta and In Its Partner Ecosystem

“Despite the uncertainty we have experienced, Microsoft is seeing a faster growth rate here in Malta and we want to keep investing more in the country’s economy. Malta is very…

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26

May

National Lottery plc Unveils New Brand Identity To Replace Maltco Lotteries

National Lottery plc a subsidiary of the IZI Group today unveiled its corporate brand that will replace Maltco Lotteries. In a symbolic event organised at the Mdina Ditch, the company…

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MDB launches first support measure as part of a package in response to Ukraine crisis

First measure seeks to ensure security of supply of grains – further measures to be introduced in the coming weeks The Malta Development Bank has launched the MDB Subsidised Loans…

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GO plc Announces Appointment Of New Chairman

GO plc today announced the appointment of Mr Lassaad Ben Dhiab as Chairman of the Company with immediate effect. Mr Ben Dhiab has been an active Board Member of GO…

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IZI Finance plc celebrates bond listing with MSE bell ringing ceremony, €30 million bond issue fully subscribed

IZI Finance plc celebrated the listing of its €30,000,000, 4.25% unsecured bond listing, with the traditional bell ringing ceremony event held at the Malta Stock Exchange. In his welcome speech,…

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Express Trailers Leverages Its New Poland Service To Deliver Supplies to Ukraine Border

Early in January of this year, Express Trailers commenced a new regular weekly groupage service from Poland to Malta, the result of a new cooperation between Express Trailers and Polish…

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<strong>The Next Leap Forward: <em>Succeeding through Change</em></strong>

The Next Leap Forward: Succeeding through Change

The pace of transformation in the global economy in recent years has been unprecedented. Rapid technological change coupled with successive crises, including a pandemic, have changed norms and structures while…

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McDonald’s becomes Malta’s first Autism Friendly Restaurant

McDonald’s becomes the first restaurant in Malta to be accredited with the Autism Friendly Label with its new Quiet Space @ McDonald’s, a room at its Malta International Airport restaurant…

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More than 700 firms secure financial backing through the Malta Development Bank

Since the inception of the Malta Development Bank (MDB), more than 700 firms in Malta and Gozo, across the economic spectrum, have secured over €600 million in guarantees and loans…

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Creating Value from Emerging Trends in Business

In today’s marketplace, business leaders are sometimes so absorbed in managing day-to-day operations that they seldom have the opportunity to visualise emerging trends in their field which would potentially allow…

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Government spending review underway/ Malta News Briefing – Monday 2nd May 2022

Updated 1300 Government spending review underway: Finance Minister Clyde Caruana has confirmed that a government spending review is underway to mitigate the impact of energy subsidies on public finances. The…

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MDB supporting SMEs through new schemes

Following the European Commission’s announcement of the approval of MDB’s Guaranteed Co-Lending Scheme (GCLS) under the COVID-19 Temporary Framework for State Aid, the MDB has also received a positive opinion…

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Browns Pharma reports 71% increase in profits

Brown’s Pharma Holdings plc has reported a 71.30% increase in its profits, according to the consolidated financial statements for the year ended 31st December 2021. The net profit for the…

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EBO, KPMG Cyprus Announce Strategic Partnership

EBO, a leader in customer engagement automation that empowers enterprises through AI technology enters into a strategic partnership with KPMG Cyprus, a leader in Management Consulting & Technology Advisory services…

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Over 1,000 secondary school students join MIA awareness sessions on accountancy careers

More than 1,000 secondary school students have joined awareness sessions hosted by the Malta Institute of Accountants allowing them to discover the opportunities offered by the accountancy profession. These sessions…

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SPECIAL REPORT – How crypto giant Binance built ties to a Russian FSB-linked agency

VILNIUS (Reuters) - In April 2021, Russia's financial intelligence unit met in Moscow with the regional head of Binance, the world's largest crypto exchange. The Russians wanted Binance to agree to hand…

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IZI Group’s €30 Million Bond Issue Fully Subscribed

In less than 3 months the National Lottery of Malta will experience a major transformation, when on 5th July 2022, Maltese-owned National Lottery plc, a fully-owned subsidiary of IZI Group…

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GO subsidiary Cablenet reports Double-Digit Growth for 2021

Cablenet Communications Systems plc, a subsidiary in which GO plc holds 63.4% share, has reported €53.5M in revenue during 2021, a healthy 14% growth over 2020. This double-digit growth in…

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BOV announces €80m profit but no dividend for shareholders

The Bank of Valletta Group reported a profit before tax of €80.7 million for the financial year ending 31 December 2021. The Group’s results were announced by BOV Chairman Dr…

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Chamber of Commerce, GWU come up with join pension reform

Whilst progress has been achieved since the launch of the pension reform programme in 2004, much is yet to be done to secure the pension system's adequacy, solidarity, and sustainability.…

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GO Takes IoT to new Heights With leap Into Green Technology

GO announced its acquisition of a majority shareholding in Sens Innovation Group Limited (SENS) for an initial €1 million investment, with the potential to increase to approximately €3 million. SENS…

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MEA Presents Blueprint for Business and Green Growth to the President of Malta

Over the past months, the Malta Employers' Association (MEA) stepped up its efforts to offer leadership, guidance and support to the business community on Environmental, Social and Governance (ESG) issues…

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OCVO and MEA seek to strengthen the relationship between Voluntary Sectors and the Work Environment

The Office of the Commissioner for Voluntary Organisations (OCVO) and the Employers’ Association (MEA) have signed a Memorandum of Understanding aimed at strengthening the relationship and mutual appreciation between the…

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Traditional Regatta Is The Latest Challenge To Undermine Recovery In The Local Cruise Industry – MMF

The Malta Maritime Forum said that the organisation of the traditional regatta on 31 March is the latest challenge that will continue to undermine the recovery of the cruise industry.…

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IZI Finance plc Appoints Board Of Directors

IZI FINANCE PLC, the finance company of IZI Group p.l.c and its subsidiaries, today announced the appointment of its Board of Directors. The Board will be chaired by Dr. Christian…

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Commission publishes plan to cut EU dependency on Russian gas

The European Commission published plans on Tuesday to cut EU dependency on Russian gas by two-thirds this year and end its reliance on Russian supplies of the fuel "well before 2030". Oil and gas…

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The right of every country to protect its sovereignty go beyond commercial interests – The Malta Chamber

The Malta Chamber of Commerce, Enterprise and Industry will not be issuing Certificates of Origin for fuel oil originating in Russia or Belarus with immediate effect The Malta Chamber expressed…

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MEA puts forward Economic Sustainability, Governance and Wellbeing in its position to political parties

The Malta Employers’ Association has issued a memorandum to political parties, stating its position on a wide range of socio-economic matters, together with its recommendations for a better Malta in…

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Former Sony Marketing Manager Joins EBO

Leading AI Virtual Agent specialist EBO has appointed Maria-Louiza Georgantzi as its Marketing Director in Athens, Greece. Ms Georgantzi is an international business leader with over fifteen years of marketing, sales and…

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Malta: Strong rebound in the services sector drives strong 9% growth in GDP

Provisional estimates published by the NSO indicate that the Gross Domestic Product (GDP) for 2021 amounted to €14,533.8 million, registering an increase of €1,473.9 million, or 11.3%, when compared to…

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Express Trailers Plants 270 Trees, A Tree For Every Employee

Express Trailers has planted 270 saplings in Burmarrad’s Santa Katarina Valley, an initiative made possible following an agreement with Parks Malta who supplied the 270 saplings – representing the 270…

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Debono pleads guilty on testimony refusal charges / Malta News Briefing – Friday 18 February 2022

1745- Latest News update Times of Malta says a court has found sufficient evidence at face value for former EU Commissioner John Dalli to stand trial. MaltaToday says Nationalist MP…

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70% of Air Malta employees apply for Voluntary Employees Transfer Scheme

Air Malta said that the total number of applications received for the Voluntary Employees Transfer Scheme which closed on11 February 2022 for the rightsizing of the Company, amounted to 571…

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Leading Global Lotteries Tech Provider IGT Selected As National Lottery Technology Provider

National Lottery plc, a fully owned subsidiary of IZI Group plc and the Preferred Proponent for the National Lottery Concession in Malta, have announced that subsidiaries of the leading technology…

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MDB, BOV launch €15 million EU-funded scheme for students furthering their studies

Following the issue by the Malta Development Bank of an open call for expression of interest, Bank of Valletta has been selected to intermediate the Further Studies Made Affordable plus…

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Malta: Industrial production sees big drop in 2021

In December 2021, the total production generated by the Maltese manufacturing and energy industries went down by 6.6% from December 2020. The largest decrease was registered in the production of…

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Ċaqnu tax deal scrapped after government intervention / Malta News Briefing – Tuesday 1 February 2022

1745- Latest News update Times of Malta says Steward Health Care has claimed its concession to run three hospitals in Malta was deemed "not fit for purpose" internationally and is…

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Malta Development Bank extends Covid-19 Guarantee Scheme until June 2022

The Malta Development Bank has announced the extension of its successful Covid-19 Guarantee Scheme (CGS) until June 2022. In light of the observed economic recovery and unfolding Covid-19 developments, in…

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Success for MedFilm in Malta’s first edition

The first edition of MedFilm in Malta - We Love the Sea, an event born from the collaboration between Costantino Films and the MedFilm Festival in Rome, the most important…

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Malta: Business activity receded in December, CBM report shows

The Central Bank of Malta said on Tuesday that annual growth in business activity receded somewhat from recent highs but nevertheless remained strong from a historical perspective as economic activity continued…

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€12 million SME facility in Ħal Far to offer new industrial space

A significant €12 million will be invested in a new facility at Ħal Far for small and medium-sized businesses, aimed at addressing a major challenge SMEs have been facing, which…

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McHappy Day raises record €30,000 for RMHC

McHappy Day, the annual fund-raiser held by McDonald’s in aid of the Ronald McDonald House Charities, has raised a record €30,000 to support RMHC’s Qawra Learning Centre programmes. The proceeds…

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Malta: Food continues to drive prices up

Inflation continued to increase in December, with fresh NSO data showing that the Retail Price Index reached 2.59 per cent, up from the 2.38 per cent in November 2021. The…

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Binance abandoned Malta’s plans as founder grew nervous of country’s stringent AML protocols – Reuters report

ATTARD, Malta, Jan 21 (Reuters) - In the courtyard of a secluded limestone palace, Malta's political elite welcomed a guest: Changpeng Zhao, chief executive of Binance, the world's largest cryptocurrency exchange. It…

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Malta Business Registry ramps up activity in fight against financial crime

The Malta Business Registry is perhaps one of the longest-standing entities within the Maltese public sector, with a history going back as far as five decades since its original inception…

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Tuning Fork Lauds Recent Launch of Government’s ESG Portal

Tuning Fork Advisory, a boutique business advisory firm specialising in business process optimisation and sustainability, amongst others, has lauded the recent launch of the ESG portal launched by the Ministry…

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Malta Chamber expresses support towards PN legislative proposals on good governance

The Malta Chamber of Commerce, Enterprise and Industry welcomed the Opposition's initiative to put forward concrete legislative proposals to address the shortcomings identified by the public inquiry into the murder…

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Air Malta reducing flight frequency as demand falls

Air Malta is consolidating its flight schedule for the months of January and February by reducing frequencies on certain routes without however cancelling any of the 16 routes the airline…

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The Malta Chamber appeals for dialogue and reasonableness not directives

The Malta Chamber of Commerce, Enterprise and Industry said that it compelled to remind unions that their counterparts in social dialogue on behalf of their members employed by the private…

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Gas can be useful in the energy transition – EPP

The Group of the European People's Party expressed support to an EU decision to label gas and nuclear energy as green, saying that gas can help facilitate the energy transition, though…

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Ryanair cuts 28 Danish routes in January 2022

Ryanair will cancel 28 of its 59 Danish routes in January, according to Danish aviation website Check In. The budget airline had already cancelled one third of its January flights…

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