Labour opens Gozo congress with economy and ‘peace of mind’ pitch Labour launched its pre-election congress in Gozo on Sunday, with Prime Minister Robert Abela framing the island as central to the party’s vision and a symbol of stability. Addressing delegates, Abela said a Labour government offers “peace of mind” at a time of international uncertainty, pointing to stable energy prices despite global volatility. He highlighted strong economic growth in Gozo, saying the island’s economy has tripled since 2013 and now generates around €1 billion annually, while unemployment has dropped sharply. Abela also outlined ongoing and planned projects, including an airstrip, a new fast ferry link and student facilities. He stressed that development would respect Gozo’s village character while remaining sustainable. The congress comes amid speculation of an early election, though Abela has played down suggestions that a vote is imminent, insisting the timing remains open. (Times of Malta)
Borg accuses Abela of fuelling uncertainty over election timing Opposition leader Alex Borg has criticised Prime Minister Robert Abela for creating uncertainty by refusing to clarify when the next general election will be held. Speaking at a Nationalist Party event, Borg said the speculation is unsettling businesses and families, arguing there is no justification for an early vote given Malta’s current economic position. He accused Abela of acting in his own political interest rather than prioritising national stability. Borg said he is prepared for an election whenever it is called and is aiming for victory, not merely narrowing the gap. He pledged a people-centred approach, promising support for those struggling while building on existing strengths. On energy, Borg said a PN government would retain subsidies but invest more heavily in renewables, criticising the lack of progress on offshore projects and warning Malta risks falling behind Europe. (Times of Malta)
Malta keeps A (high) rating as growth remains resilient amid risks Morningstar DBRS has affirmed Malta’s long-term sovereign credit rating at A (high) with a stable outlook, citing continued economic resilience despite rising global risks. The agency noted that growth slowed to 4.0% in 2025 from 6.2% the previous year but remains strong by European standards, driven by domestic demand and a buoyant services sector, particularly tourism. Growth is expected to stabilise at around 3.7% in the coming years, supported by employment and planned tax cuts. However, the outlook is tempered by uncertainty linked to geopolitical tensions and potential energy price shocks. While Malta’s fixed energy pricing policy protects households, it increases fiscal pressure through higher subsidy costs. Public finances have improved, with the deficit narrowing, though risks remain from sustained subsidies, infrastructure spending and external economic headwinds. (The Malta Independent)
