22

Mar

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…

Read More Here

22

Mar

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.…

Read More Here

18

Mar

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…

Read More Here

15

Mar

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…

Read More Here

14

Mar

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…

Read More Here

11

Mar

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.…

Read More Here

09

Mar

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…

Read More Here

08

Mar

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…

Read More Here

04

Mar

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…

Read More Here

03

Mar

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…

Read More Here

02

Mar

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…

Read More Here

01

Mar

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…

Read More Here

22

Feb

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…

Read More Here

18

Feb

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…

Read More Here

15

Feb

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…

Read More Here

15

Feb

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…

Read More Here

08

Feb

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…

Read More Here

08

Feb

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…

Read More Here

01

Feb

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…

Read More Here

01

Feb

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…

Read More Here

30

Jan

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…

Read More Here

25

Jan

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…

Read More Here

25

Jan

€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…

Read More Here

24

Jan

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…

Read More Here

24

Jan

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…

Read More Here

23

Jan

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…

Read More Here

18

Jan

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…

Read More Here

14

Jan

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…

Read More Here

10

Jan

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…

Read More Here

05

Jan

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…

Read More Here

04

Jan

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…

Read More Here

04

Jan

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…

Read More Here

03

Jan

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…

Read More Here

03

Jan

GO’s National Connectivity Project Enters Final Phase

With the start of winter comes the start of the final phase of the PEACE project, an investment by GO of €25 million in a 3rd submarine cable which will…

Read More Here

22

Dec

MEA calls on Government to issue clear policy guidelines on Covid-19

The Malta Employers’ Association said today that the current surge in COVID cases is worrying many employers, and warned that inaction on the part of government might lead to a…

Read More Here

21

Dec

Enhancing quality, upholding the rule of law: accountancy professionals and Registrar of Companies share common objectives in frank discussion

The provision of timely, reliable and complete documentation, in observance of established rules and regulations is in the common interest of practitioners and the Malta Business Registry. This key message…

Read More Here

16

Dec

GO Customers to Enjoy Free Upgrade to 5G Mobile Services 

As of today, GO pay monthly customers with 5G enabled handsets will get to enjoy the latest generation of mobile technology, for free, when in 5G covered areas, such as…

Read More Here

01

Dec

Health cash plans for employees launched in Malta

HSF health plan (Malta) Ltd is part of a group of Health Cash Plan providers wholly owned by the charity, called The Hospital Saturday Fund. The health plan provided by…

Read More Here

30

Nov

The Malta Institute of Accountants welcomes 222 new graduates to its fore

Accountancy leaders highlight need for ethics, integrity and life-long learning among professionals The Malta Institute of Accountants has formally welcomed 222 new accountants as members within its ranks following the…

Read More Here

30

Nov

Good sales required throughout the whole year, Malta Chamber insists

Resilience and Digital Innovation is key to ensure recovery Despite the number of challenges faced by business, The Malta Chamber of Commerce, Enterprise and Industry said today that this year’s…

Read More Here

30

Nov

Malta lags behind in R&D as only Romania fares worse in EU scoreboard

In 2020, the Member States of the EU spent around €311 billion on research & development (R&D). This is a decrease of €1 billion compared with 2019 (€312 billion). The…

Read More Here

29

Nov

Malta: Services industry leads recovery in Q3

The Maltese economy experienced a strong recovery over the Summer months, despite growth falling slightly short when compared to the drop experienced during the same timeframe last year. During the…

Read More Here

26

Nov

Joint Malta Chamber and CBM seminar discusses the permanency of the current inflationary trends

Inflation has become extremely topical after many years of price stability within the Euro zone.  “The bottlenecks created by the deep recession caused by the pandemic and the relatively quick…

Read More Here

22

Nov

Economy is recovering, but risks remain – Central Bank

Although the economy is recovering, uncertainties surrounding the pandemic remain, posing some downside risks for the financial system, an Interim Financial Stability Report by the Central Bank of Malta found.…

Read More Here

20

Nov

Fitch Affirms Malta At ‘A+’ Outlook Stable

Global credit rating agency Fitch has affirmed Malta's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a Stable Outlook. The Stable Outlook reflects Fitch's expectation that GDP growth will…

Read More Here

18

Nov

The Asset Recovery Bureau – a vital cog in Malta’s fight against financial crime

“Ensuring crime does not pay by denying and depriving persons of acquired criminal assets.” As the young team at Malta’s Asset Recovery Bureau’s set off for their working day from…

Read More Here

16

Nov

MGC Pharma to produce medication to treat inflammation caused by Covid-19 in Malta

A multi-million investment by MGC Pharma was inaugurated today during a ceremony to mark the company's decision to develop its facility in Malta. The 4 million investment was carried out…

Read More Here

13

Nov

Tax amnesty to defaulters puts Malta’s efforts to fight tax crime at risk – MIA

The Malta Institute of Accountants has noted with disapproval the introduction of Legal Notice 419 of 2021, which allows taxpayers to offset tax payable on property transfers against their existing…

Read More Here

12

Nov

Businesses that honour their tax obligations are being discriminated against, Chamber says

The Malta Chamber of Commerce, Enterprise and Industry has expressed its opposition to a government decision to allow those having have tax arrears that were due by January 2021 to…

Read More Here

10

Nov

The Malta Chamber launches Rediscover – A New Vision for the Tourism Industry in Malta

Tourism Operators Business Section calls for industry renewal as it puts forth 125 recommendations. Today the Tourism Operators Business Section at The Malta Chamber of Commerce, Enterprise and Industry with…

Read More Here

03

Nov

Protecting jobs and our planet are not conflicting objectives  – MEA

SME National Forum 2021 brings together industrial, political and social leaders in discussing SMEs and Green Growth: The Journey Ahead “The protection of jobs and our planet should not be…

Read More Here

03

Nov

Shopify plug-In Introduced To eCabs’ FastDrop Platform

As Shopify continues to establish itself as one of the most used eCommerce platforms in Malta by high-volume merchants, eCabs’ FastDrop has plugged the platform into its FastDrop app to…

Read More Here

02

Nov

BOV registers €46.5 million profit in first 9 months of 2021

Profit before Tax for the BOV Group for the third quarter of 2021 amounted to €20.6 million with profit before tax for the first nine months of 2021 totaling €46.5…

Read More Here

29

Oct

Singapore fuel oil imports from Malta at a three-year high

Singapore residual fuel oil inventories rose 0.5% in the week ended Oct. 27, marking four consecutive weeks of stock build-up, as weekly net import volumes dropped but were near the…

Read More Here

29

Oct

Exiting the Grey-List – Malta Institute of Accountants

by the Malta Institute of Accountants It has only been a couple of months since Malta reeled from the news that it had been grey listed by the global money…

Read More Here

26

Oct

SMEs National Forum 2021 to tackle the Journey Ahead for SMEs in the context of Green Growth

For decades, delivering economic growth and sustainable development were seen as conflicting objectives that needed to be balanced for the benefit of humanity. As citizens become increasingly aware of irreversible…

Read More Here

22

Oct

Misco publishes 36th edition of its annual ‘Salaries and Benefits Report’, 2021 Sees Average Salary Increase of 2.5%

The average salary increase observed in 2021 was of 2.5%, and salaries have, in some areas, remained fairly stable whilst in some other areas an increase has been observed, particularly…

Read More Here