30

Mar

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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30

Mar

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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30

Mar

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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30

Mar

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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28

Mar

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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25

Mar

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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25

Mar

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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20

Mar

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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19

Mar

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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17

Mar

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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16

Mar

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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12

Mar

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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09

Mar

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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04

Mar

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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28

Feb

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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28

Feb

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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24

Feb

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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19

Feb

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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09

Feb

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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07

Feb

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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02

Feb

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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02

Feb

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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28

Jan

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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23

Jan

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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22

Jan

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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19

Jan

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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17

Jan

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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17

Jan

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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15

Jan

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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15

Jan

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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08

Jan

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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05

Jan

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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31

Dec

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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28

Dec

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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15

Dec

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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11

Dec

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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05

Dec

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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05

Dec

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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04

Dec

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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29

Nov

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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26

Nov

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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22

Nov

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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22

Nov

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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17

Nov

Malta Chamber and Malta Entertainment Industry and Arts Association reach cooperation agreement in creative sector

The Malta Chamber of Commerce, Enterprise and Industry and the Malta Entertainment Industry and Arts Association (MEIA) have signed a collaboration agreement, at Teatru Manoel on Thursday, in a shared…

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15

Nov

GO’s TV APP wins ‘Best App’ in the eBusiness awards

2020 has been the year for TV for GO and a year that completely changed the TV landscape for Maltese customers and the way they enjoy their TV content. Earlier…

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14

Nov

Malta Development Bank strengthens economic presence to support business regeneration – Professor Josef Bonnici

The Malta Development Bank (MDB) has over the past few months established and maintained a strong presence in the Maltese economy by providing the necessary support to businesses during these…

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12

Nov

Malta’s Government & Chamber urge people and businesses to prepare for all scenarios of Brexit

Government and business leaders are urging people and businesses to prepare for all possible scenarios, in consideration that Brexit will impact all sectors. In a press event organised this afternoon,…

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11

Nov

Maltese Govt updates Covid-tests travel requirements

The government has updated the list of countries from which travellers must present a negative Covid-19 test result which is carried out less than 72 hours before. In a statement,…

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10

Nov

Now is the time to re-think our tourism strategy – Dr George Cassar

“Trying to save our tourism sector has helped us realise that our immediate health and safety are more essential than the economy. However, now is the time to see how…

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06

Nov

Malta Chamber worried about current challenges faced by Manufacturing sector

The Malta Chamber of Commerce, Enterprise and Industry welcomed the investment of €470 million, over an eight-year period, in the infrastructure of the Manufacturing sector, which was announced by Government.…

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29

Oct

HSBC Malta to permanently close four branches

HSBC Bank Malta p.l.c. has announced that the branches in Mellieħa, San Ġwann, Żabbar and Żebbuġ, which are currently closed, will not be re-opening. In a statement it said that…

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27

Oct

Renowned Future Thinker to address exclusive SME event on Thursday

Futurist Gerd Leonhard will deliver the keynote speech at this year’s SME National Forum organised by the Malta Employers Association on Thursday 29 October. Listed among the top 100 most…

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24

Oct

Malta files complaint against the first Mobility Package before the Court of Justice of the European Union

Malta has filed a complaint before the Court of Justice of the European Union against Mobility Package 1, Government said in a statement this afternoon. The package of measures adopted…

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22

Oct

FELTOM Welcomes Budgetary Measures

The Federation of English Language Teaching Organisations of Malta (FELTOM) welcomes the Budget 2021 measures announced this week by Government as a step in the right direction that will help…

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20

Oct

Significant decline in Malta’s attractiveness for investment, study finds

While the majority of respondents in the annual competiteveness survey by advisory firm EY found that the majority of businesses find Malta to be an attractive destination for FDI, at…

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20

Oct

MHRA says budget averts worst effects of pandemic in near future

The Malta Hotels and Restaurants Association (MHRA) said that Government had delivered a budget which averts the worst effects in the near future being caused by the pandemic. It noted…

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