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Survey finds Malta’s attractiveness to foreign investors declines 40% in last two years

The annual attractiveness survey carried out by EY Malta revealed that the number of investors who find the country attractive from a business viewpoint collapsed by 25% compared to last…

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Malta Maritime Forum welcomes Cabinet approval of proposal for National Maritime Authority

The Malta Maritime Forum (MMF) today welcomed Minister Ian Borg’s announcement that Cabinet had given the green light for Transport Malta to be de-merged into separate entities for road transport,…

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Malta Institute of Accountants holds its 57th AGM, elects seven members to Council

David Delicata appointed as new MIA President The Institute of Accountants has held its 57th Annual General Meeting on Friday 1st October, during which it elected seven fellows of the…

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Chamber welcomes National Employment Policy, says it identifies the key challenges of our labour market

The Malta Chamber has welcomed the recommendations proposed in The National Employment Policy launched yesterday by Finance Minister Clyde Caruana, one which identifies the key challenges in our labour market.…

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62+ Malta Government Bonds oversubscribed, Treasury to allocate €100 million

The Maltese Treasury said on Tuesday the total value of applications for this year’s issue of the 62+ Malta Government Savings Bond received from new applicants and applicants who already…

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FATF Executive Secretary resigns

David Lewis, the executive secretary of the Financial Action Task Force (FATF) was reported to have resigned his position. According to various reports, this raised questions about the ability of…

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PB GROUP Appoints New Board of Directors

PB Group has announced the appointment of its new Board of Directors. The company’s founder, John Naudi, will be leading the Board as the new Executive Chairman. David R. Busuttil,…

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Financing young people’s dreams through EU funding

Young people are considered as one of the most valuable assets for the European Union as they represent an important source of skills, creativity and dynamism, qualities which are fundamental…

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Malta Chamber wants Opposition to advocate accountability, transparency and governance

The Malta Chamber presents its pre-budget recommendations to the Opposition “We believe that in the current economic climate, the Opposition has a stronger role to play not least in advocating…

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EU insurance regulator calls for independence of national supervisory authorities

The European Insurance and Occupational Pensions Authority (EIOPA) has published criteria for assessing the independence of supervisory authorities. In a statement, the EU regulator said that he independence of supervisory…

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Malta must address its insularity issues for Maltese businesses to be competitive – SME Chamber

The Malta Chamber of SMEs has been highlighting the big problem Maltese businesses have with the inability to compete both outside Malta and in Malta itself, with online purchases. The weakness in being competitive with prices comes as a result…

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Air Malta launches Winter Schedule linking Malta with 15 major airports

Air Malta will start operating its Winter flight schedule on the 31st October with a planned 67 return direct weekly scheduled services to 15 major European Airports. London and Paris…

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Malta, Croatia only two EU countries to experience negative growth in Q2

In the second quarter of 2021, seasonally adjusted GDP increased by 2.2% in the euro area and by 2.1% in the EU compared with the previous quarter, according to an…

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Air Malta Adopts Gender Neutral Language

Diversity and equality are core values at Air Malta, and the airline welcomes all its customers, irrespective of their nationality, race, political ideology, religion, and gender. In an internal communication…

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NOUV invests in new, bigger offices, doubles workforce

Notwithstanding the pandemic, the past eight months have been very active and positive for consulting firm NOUV. During this period, the company doubled its workforce, moved to new and larger…

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MDB to launch a new EU funded scheme for students

Following the success of the Further Studies Made Affordable (FSMA) scheme, through which to-date 219 students were able to undertake specialised studies in various disciplines, the Managing Authority (MA) has…

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Malta: Industry and services register positive sentiment, but construction, retail turn negative

Business Sentiment was positive in industry and services as well as among consumers, an Economic Update by the Central Bank of Malta shows. However, it turned negative in the construction…

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Central Bank revises 2021 growth projection for Maltese economy upwards

The Central Bank of Malta said today that it expects that Malta's gross domestic product (GDP) will grow by 5.1% in 2021, by 5.9% in 2022, and by 4.7% in…

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GO Registers Revenue Increase In First Six Months Of 2021

The Board of Directors of GO p.l.c. has approved the group’s interim financial statements for the period January to June 30, 2021. Despite the challenging economic climate brought about by…

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A new model for EU tourism emerges from the pandemic

If tourism is Europe's oil, the pandemic has stopped it pumping.Europe, which accounts for 51% of the world tourism market, has suffered a collapse in demand that threatens 6.6 million…

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Express Trailers Signs MOU With Malta’s Customs

Express Trailers today signed a Memorandum of Understanding with Malta Customs. This agreement, a first with a Maltese logistics company, is an initiative that will seek to establish a stronger…

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Debono Group companies awarded Equality Mark Certification for efforts to ensure gender equality

The National Commission for the Promotion of Equality (NCPE) has certified a number of companies within the Debono Group family with the prestigious Equality Mark Certification, in demonstration of the…

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300 people to be allowed in seated events / Malta News Briefing – Thursday 5 August 2021

Latest Update- News Portal Briefing Times of Malta reports that Marsascala residents have spent long hours in darkness and stifling heat after a power cut late in the night was…

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Malta: Financial Arbiter handled over 5,000 cases last year

The Malta Business Weekly publishes an interview with Financial Arbiter Reno Borg who said that more than 5,000 customers sought assistance from his Office last year. Dr Borg said that…

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MDB’s impact on the ground exceeds half a billion euro since inception

The Malta Development Bank has provided support to over half a billion euro in loans since the first scheme was launched back in late 2018. These loans were taken up…

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Dragonara Casino and the Government of Malta sign new casino concession agreement

The Government of Malta, through the Ministry for the Economy and Industry and Dragonara Gaming Limited have signed a new 10-year casino concession agreement, commencing on August 1st, 2021. The…

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Malta: IMF calls for tapering of business support measures

Most of the Covid-19 support measures are set to expire by the end of 2021, and according to a report by the International Monetary Fund, as economic growth gains momentum,…

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Expenditure on R&D in Malta barely exceeds half a point of GDP

In 2019, total expenditure on Research and Development amounted to €80.0 million, or 0.6 per cent of GDP, reflecting an increase of €5.4 million, or 7.3 per cent, was registered,…

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Malta Maritime Forum Presents a Maritime-Centred Electoral Manifesto to Malta’s Political Leaders

The Malta Maritime Forum has presented a maritime-centred electoral manifesto to Malta’s political leaders. The above encompassed the flagship recommendations of the Malta Maritime Forum in a special document submitted…

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15

Jul

Language Schools Left In Limbo, Brief Legal Notice issued Just Hours Before Official Closing

Following a meeting with government yesterday morning, FELTOM schools still eagerly await a response from government with respect to the outcome of the meeting. While the abrupt, forced closure of…

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Malta to allow travelers vaccinated with Made in India AstraZeneca jabs

Malta has changed its travel advice to allow anyone who’s been administered an Astra Zeneca vaccine into the country, regardless of where the vaccine was manufactured. This was announced by…

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International General Insurance Set Up in Malta To Access Europe

International General Insurance Company (Europe) SE (“IGI Europe”), a subsidiary of Bermuda-based International General Insurance Co. Ltd., has been granted licensing by the Malta Financial Services Authority (“MFSA”) and is…

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GO Launches Multi-Million Connectivity Project Linking Malta to France and Egypt

GO today announced an investment of €25 million in a 3rd submarine cable, which has been named as ‘LaValette’. This forms part of the global PEACE System (Pakistan East Africa…

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Rising Delta virus, absent Brits dampen Europe’s tourism hopes

While not a complete wash-out, the summer tourism season vital to southern Europe's economies will be less than sizzling as the Delta coronavirus spreads and travel hurdles keep British and…

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01

Jul

PB Group’s New Brand Image Signals New Growth

Maltese company PB Group which operates across the oil and gas, logistics and property investments sectors, is unveiling its new corporate image in line with its vision to target new…

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GO TrueFibre Network roll out well on track

Notwithstanding the complexities involved, GO’s TrueFibre project has surpassed the 50% mark, meaning that over half of Maltese households and establishments can enjoy the benefits of ultra-fast broadband speeds. The…

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UPDATE – FATF votes to grey list Malta

Members of a global anti-money laundering watchdog have voted to add Malta to its grey list, according to a report on Times of Malta. The news broke out shortly after…

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Microsoft Malta Doubles Azure Customer Base In 24 Months

Over the past two years, Microsoft Malta has managed to double its local corporate client base using the Microsoft Azure platform and by working closely with industry partners, Microsoft is…

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Malta: Business conditions turn positive, CBM report shows

In May, business conditions were positive, as the economy continued to recover from the COVID-19 economic shock. European Commission data, in fact, show that sentiment was positive across all sectors…

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Ryanair ends long wait for ‘gamechanger’ Boeing 737 MAX jet

Ryanair finally took possession of its first Boeing 737 MAX jet after a delay of more than two years, saying that it would have 12 of the ‘gamechanger’ aircraft in…

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Emirates to restore almost 90% of passenger network by end of July

Emirates airline will operate close to 90% of its pre-pandemic network by the end of July as it restores more destinations and increases flights on other routes over the summer,…

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A joint effort by all stakeholders to fight financial crime

The fight against money laundering and other financial crime, has over the past years, been strengthened as a result of significant changes and improvements across both regulatory and investigative authorities…

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Emirates Restarts Flights To Malta Via Larnaca

Emirates has announced it will resume three weekly services to Malta via Larnaca, Cyprus, from 14 July 2021, further expanding its European network to 34 destinations, and offering customers worldwide…

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British ‘Treasure Island’ tax havens face a tempest

Britain's exotic network of "Treasure Island" tax havens could be facing the biggest threat to its existence in half a century after the United States and its allies pledged to squeeze more tax out of…

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Fitch Affirms Malta at ‘A+’

Global ratings agency Fitch affirmed Malta’s credit rating at 'A+', saying Malta's rating is supported by high per capita income levels, a large net external creditor position and a pre-pandemic…

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Rick Hunkin re-elected MBA Chairman

Rick Hunkin, Chief Executive Officer of Bank of Valletta, has been re-elected Chairman of the Malta Bankers’ Association (MBA) for the coming year. Rick Hunkin thanked the Association’s members for…

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Balancing Sustainable Economic Growth with Quality of Life – A National Challenge

MEA launches National Conference Economic growth in Malta in pre-pandemic days has been significant and since accession into the European Union, the country has not only topped growth charts but…

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The Much Anticipated McDonald’s x BTS Menu Collaboration is Officially in Malta

For everyone counting down the days until the BTS Meal arrives at McDonald’s, the wait is over! The band’s signature order – featuring a 9-piece Chicken McNuggets, large World Famous…

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28

May