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Job candidates should not be charged fees, says Malta Chamber

The newly launched Employment Agencies Business Section within The Malta Chamber of Commerce, Enterprise and Industry has strongly condemned the practice of levying fees from candidates looking for employment. Section…

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Time to roll up sleeves, EU says in Spring Forecast

The European Commission is forecasting a solid recovery around the continent, with EU economy expanding by 4.2% in 2021 and by 4.4% in 2022. The euro area economy is forecast…

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MHRA surprised that Malta is not on UK ‘Green List’

The Malta Hotels and Restaurants Association (MHRA) is surprised that Malta is not on the UK government's ‘Green List’ for travel. MHRA states that objectively Malta is meeting the COVID-19…

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EasyJet CEO warns Britain could be left behind on travel

The chief executive of easyJet said Britain was likely to be left behind the rest of Europe if the government does not allow quarantine-free travel to most of the continent…

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MISCO’s Lawrence Zammit elected chairman of Malta Chamber’s Employment Agencies Business Section

The Malta Chamber of Commerce, Enterprise and Industry has launched a new business section for employment agencies to bring together supporting recruitment agencies and employment services firms operating in Malta.…

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ELT Industry Looking Forward To Reopening on 1st June

The English Learning Industry is looking forward to reopening on the 1st June as per government's announcement of the opening of the tourism season on the same day. Throughout the…

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Agile in response, impactful in delivery: MDB supports economic revitalisation in unprecedented times

The Malta Development Bank (MDB) has transformed itself into a key channel for the delivery of economic and financial support measures against the challenges posed by the pandemic, while also…

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Government announces new tax credits, support on green, digital investment and rent rebates

PM Robert Abela announced that an additional €20 million in aid to businesses, and tax credits of €78 million to help businesses regenerate themselves and kickstart the road to economic…

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Air Malta announces May operating schedule

As Air Malta prepares to shortly announce its increased Summer flying programme, the Airline has announced its May schedule. The Parisian airport of Orly is the latest addition to the…

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Malta – 19% of catering establishments close in first year of pandemic – ACE

In a study conducted by the Association of Catering Establishments (ACE) in collaboration with a number of suppliers it transpires that between March 2020 and March 2021 approximately 19 percent…

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FELTOM Deeply Concerned About Industry’s Future

FELTOM expressed its disappointment following the recent announcement made by the Superintendent of Public Health delaying the opening of ELT schools. While this is having a detrimental impact on the…

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Malta to pay tourists who visit this summer

VALLETTA, April 9 (Reuters) - Aiming to revive its tourism industry and get ahead of rival destinations, Malta plans to offer foreign visitors a handout of up to 200 euros ($238.10) each…

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The Malta Maritime Forum Looks Confidently Further Ahead After 2021 Annual General Assembly

The Malta Maritime Forum has organised its first online Annual General Assembly on 25th March where, amongst other issues discussed, it approved a revised set of Objectives and a new…

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Malta’s tourism set to re-start in June

Malta's tourism is set to re-start in June. The tourism minister Clayton Bartolo announced that the island will be welcoming tourists to the island by the beginning of June and…

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Marisa Xuereb elected President of The Malta Chamber

Following the Annual General Meeting of the Malta Chamber of Commerce, Enterprise and Industry held on the 24th March, the newly elected Council met today, and elected Ms Marisa Xuereb…

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Malta’s deficit shoots up to €1.5bn in 2020

Government has ended 2020 with a deficit of €1,467.9 million, the NSO revealed today, some €250 million more than forecasted by former Finance Minister Edward Scicluna in the budget announced…

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Malta wants gas to be classed as sustainable investment under EU finance rules

Malta, Poland, Bulgaria and six other countries have stepped up their push to ensure natural gas is classed as a sustainable investment under EU finance rules, warning Brussels its latest…

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Container line CMA CGM says diverting some ships away from Suez Canal

Container shipping group CMA CGM said on Saturday it has decided to divert some vessels around the Cape of Good Hope due to the suspension of traffic in the Suez…

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Central Bank review shows Maltese economy starts year in stuttering mode

Malta's economic performances continued to stutter in the first months of the year according to a review carried out by the Central Bank of Malta. While the Covid-19 pandemic continues…

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Innovative startups can benefit up to €1.2 million in incentives from Malta Enterprise

StartinMalta.com: new site has been launched to attract Maltese and foreign startups to operate from our country New businesses can benefit from the financial assistance of up to €200,000, thanks…

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Malta: Keith Schembri, ex Government consultants Tonna and Cini and 8 others charged with corruption, money laundering and fraud

A top aide to former Maltese prime minister Joseph Muscat accused of graft by journalist Daphne Caruana Galizia, whose brutal murder rocked the nation, was charged on Saturday with money…

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SOCAR Trading pushes into LNG-to-power, to open carbon division

Azerbaijan’s SOCAR Trading has set up a team to develop integrated LNG-to-power projects and aims to establish a carbon division this year, executives at the firm said. Owing to their…

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MDB and MEA reach agreement to collaborate further for the benefit of local businesses

The Malta Development Bank (MDB) and the Malta Employers Association (MEA) have signed a Memorandum of Understanding strengthening the relationship between the two institutions and allowing the two sides to…

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BOV closes a number of branches, reduces services in others

Following the introduction of additional measures by the Government in light of developments related to COVID-19, particularly the increase in positive cases and the closure of schools and child care…

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Malta’s Government clarifies list of outlets to shut down until April 11

Following last Wednesday's announcement of further restrictive measures to combat the spread of Covid-19 in Malta, Government has published a legal notice clarifying the outlets and services which have been…

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12

Mar

GO p.l.c. recommends €0.16c in Dividend, Despite Challenging Year

With a total shareholder return averaging 8.31% over the past 5 years, GO remains one of the best performing publicly listed companies in Malta. It has consistently delivered shareholder returns…

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Wage supplement for hardest-hit businesses to be extended till end of year

Government has announced the extension of the wage supplement until the end of the year, arguing that such a move was required to ensure a strong economic recovery and safeguarding…

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MEA Survey results: Recovery will be slower than anticipated; employment level is stable but dependent on extended fiscal stimulus

Job retention remained strong despite the country approaching twelve months of restrictions caused by an ongoing pandemic and 76% of businesses plan to keep their workforce for the coming three…

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EU states back plan to expose corporate tax avoidance schemes

The EU has moved to force multinational companies to publish a breakdown of the tax they pay in each of the bloc’s member states and in tax havens. Country-by-country reporting…

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DHL Express and SmartLynx Malta partner to break new ground in cargo transportation

DHL Express and SmartLynx Malta announced the signing of a new partnership agreement for the introduction of two newly converted Airbus A321-200 freighters joining DHL's European air fleet. The new…

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MDB consults to significantly revamp its Family Business Transfer Facility

37% of businesses considering expanding their operations The Malta Development Bank is currently undertaking a major revamp of its Family Business Transfer Facility, a scheme which seeks to assist and…

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Malta – Dragonara Casino Clarifies Casino Concessions Have 10-Year Terms

Following the issue of a Request for Proposals (RFP) for a concession to open and operate a casino in Malta, Dragonara clarified the fact that casino concessions in Malta have…

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Business conditions level improve in Q3 but remains below – CBM

During the third quarter of 2020 economic activity recovered somewhat as GDP expanded in quarter-on-quarter terms, the Central Bank said today. In particular, seasonally-adjusted data show that GDP rose by…

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Air Malta cancels flight to Amsterdam as Netherlands weather conditions worsen

Air Malta flight to Amsterdam KM394/5 will be cancelled today due to severe weather conditions in Amsterdam. Passengers booked on this flight will be transferred onto the Airline’s flight to…

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MITA’s vision for 2023 launched – towards Malta as a pioneer in digital innovation

“With a leadership mentality in the digital economy, we are aiming to further strengthening our position as a Malta that enjoys a reputation of a digital island, built on innovation,…

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Portos, Atos, Hopper and Edmund From GO’s Mobile App Campaign Get Adopted!

GO’s latest campaign promoting its popular mobile app in aid of the MSPCA featured Portos and Atos, two fox terrier mix brothers, Hopper, a mixed breed half pointer and half…

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McHappy Day raises €25,000 for RMHC Learning Centre

McDonald’s customers have helped raise another €25,000 in aid of the Ronald McDonald House Charities’ Qawra Learning Centre during last November’s McHappy Day campaign. The funds were collected at Malta…

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Sweden’s Trustly plans $11 billion IPO as digital payments boom

Swedish payments firm Trustly plans to take advantage of a surge in digital transactions in the COVID-19 pandemic with a second-quarter flotation that could value it at up to 9…

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Malta Development Bank supports EUR29.3m investment in 96 local SME projects

SMEs across a number of different economic sectors have undertaken new investment in 96 projects worth more than €29 million, with the support of the Malta Development Bank’s Loan Guarantee…

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First MaltaAir Boeing 737 Max spotted in Washington

A Twitter account specialising in the airline industry, has revealed the first images from Washington of the first painted winglets bound for a Malta Air Boeing 737 MAX aircraft have…

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Malta News Briefing – Sunday 17 January 2021 – UPDATE

Update 1900 h - News Headlines - Political Sunday Statement - Prime Minister Robert Abela tried to shut down all criticisms of the Labour Party's co-option of Oliver Scicluna during…

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Malta: Brexit creates bureaucracy and uncertainty for logistics sector

It-Torċa speaks with the CEO of logistics company Express Trailers, Franco Azzopardi, about the impact of Brexit on the sector. Azzopardi said there the new arrangements present a high rate…

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More trips to Gozo in 2020 but less cars, passengers

Trips to Gozo increased during the past year, as many locals opted in favour of travelling between the islands during the coronavirus pandemic particularly during the Summer months. Data released…

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Business First increases its client contact by 367% in 2020

During 2020, Business First made contact with 158,193 clients, with 3,042 client contacts per week. When compared to 2019 and 2018, there was a 367% and 427% increase respectively in…

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MEA calls for an immediate resolution to teachers’ dispute

The Malta Employers’ Association has called on the Government and the MUT to seek an immediate resolution to the current dispute which is depriving children of education, and which is…

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New wage subsidy scheme for Maltese businesses announced

Newly-appointed Energy and Business Minister Miriam Dalli announced a new wage subsidy scheme which is based on the level of losses suffered by businesses as a result of COVID-19. Government's…

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GO Signs 4-Year Agreement To Support MCCF

When it comes to supporting the country, never as much as this year has GO’s role been more evidently felt, and notwithstanding the challenging times, GO still honoured its CSR…

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GO goes green with Servify!

GO mobile customers can now trade-in old devices with newer models with guaranteed cash back! Go Plc, Malta’s leading telecommunications provider, entered into a strategic partnership with Servify, a device…

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Carbon neutrality strategy should address different reality of Member States – Miriam Dalli

Energy Minister Miriam Dalli has called on the Energy Council of Ministers to support a carbon neutrality strategy that addresses the different realities of the European member states, understanding that…

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Central Bank forecasts gloomier outlook for Malta’s economy

In view of current developments related to the coronavirus pandemic, the Central Bank of Malta has revised its growth projections for Malta downwards. In a study published today, the Bank…

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Russia proposes denouncing tax agreement with Netherlands -draft document

Russian lawmakers on Friday proposed denouncing a tax agreement with the Netherlands designed to avoid double taxation, according to a draft document on the Russian government website. In March, President…

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Fitch Affirms Malta at ‘A+’; Outlook Stable but warns on unfolding corruption allegations

Fitch Ratings has affirmed Malta's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a Stable Outlook. International credit agency Fitch reported that Malta's rating is supported by high per…

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Malta Development Bank (MDB) and Managing Authority secure additional European funds for BOV Studies Plus+

MDB and Managing Authority secure additional EU funds following successful take-up Studies Plus+ fund to €8,250,000, after the Malta Development Bank (MDB) secured additional European funds with the support of…

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Opinion – Regulate AI only where required

An open letter to Pope Francis, Elon Musk, Bill Gates, Mark Zuckerberg, Tim Cook, Sundar Pichai, Technology Leaders, Legislators and AI Academics by Joshua Ellul, Chairperson of Malta Digital Innovation Authority;…

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Hit by cryptocurrency curbs, Chinese fund managers look elsewhere to ride bitcoin bull

As the price of bitcoin soars, Chinese cryptocurrency asset managers are looking to expand in places such as Hong Kong and Singapore, skirting an intensified crackdown at home. Cryptocurrency-focused hedge…

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EU approves Malta Budget but forecasts lower growth than Govt for 2021

The European Commission has green-lighted Malta's budget for 2021, noting that it was largely in line with Council recommendations made earlier this year, with most initiatives intended to supporting economic…

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Malta- Business, consumer confidence remain dim – CBM Report

Economic growth prospects remain dim according to the latest Sentiment Indicator surveyed by the European Commission and published by the Central Bank of Malta, possibly reflecting the rise in COVID-19…

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