Business confidence weakens across sectors in February
Business sentiment weakened across most sectors in February, while uncertainty increased, according to the Central Bank of Malta. The sharpest drop was recorded in construction, where the indicator fell into negative territory, reflecting weaker order books and reduced employment expectations. Services and retail also registered declines, though both remained above their long-term averages, suggesting activity is still relatively resilient despite softer outlooks. Consumer confidence edged lower but stayed positive overall, indicating households remain cautiously optimistic about their financial situation. In contrast, sentiment in industry improved, driven by stronger production expectations in the months ahead. Overall, the data points to a mixed economic picture, with pockets of resilience but growing caution among businesses and consumers as expectations for future demand weaken across key sectors of the economy. (Maltatoday)
New Marsa football stadium project unveiled as part of sports investment drive
Plans have been announced for a new football stadium in Marsa, set to boost local sporting infrastructure. The venue will be built to UEFA Level 3 standards, with a capacity of 5,000 spectators, making it suitable to host matches up to the league phase of UEFA competitions. Unveiled on Monday, the project will also incorporate additional facilities, including a training ground, a rugby pitch and areas for baseball. Construction is expected to begin in 2027, with completion targeted for 2030. A planning application is due to be submitted shortly, according to Malta Premier League chairman Joseph Muscat. The stadium will feature artificial turf similar to that used by Norwegian side Bodo/Glimt, a choice influenced by local weather conditions.
Former MDA members among bidders for disputed housing scheme
Two developers who recently resigned from the Malta Development Association were among bidders for a controversial affordable housing project that the association has challenged at EU level. Companies linked to former council members were named in tenders issued by the Foundation for Affordable Housing to develop sites across Malta. The MDA has argued that the scheme, which involves the transfer of public land for projects selling units below market value, could amount to unlawful state aid. A formal complaint has been filed with the European Commission, raising concerns over potential market distortion. The project is part of wider efforts to increase housing affordability, but it has sparked debate within the development sector over fairness, transparency and the use of public resources. (Times of Malta)
