Malta records strong international investment position
Malta ended last year with a positive international investment position of €19.4 billion, according to National Statistics Office figures. This indicates the country holds more assets abroad than it owes to foreign investors. Both external assets and liabilities increased by €15.5 billion over 2024, though the overall balance remained stable. Foreign assets surpassed €715 billion, driven largely by direct investment, which accounts for more than 80% of the total. This growth was mainly due to a €20 billion rise in direct investment holdings abroad. Meanwhile, foreign liabilities, representing overseas investment in Malta, approached €696 billion, also dominated by direct investment. (TVM News)
Minister faces pressure as Italian TV makes news claims on Riina links
Agriculture Minister Anton Refalo has faced mounting criticism after claiming he did not know who Totò Riina was when questioned about a Gozo property he leases. The issue emerged during an Italian investigative programme on RAI 3, which examined alleged links between the Mafia boss and a seafront villa in Qala. Refalo, approached by a journalist, said he was unaware of Riina’s identity and could not confirm whether the fugitive had ever stayed at the property. The Minister has stressed he does not own the house but has leased it since 2002. Civil society groups and the Opposition accused Refalo of evading legitimate questions, calling for full transparency. (The Malta Independent)
Pembroke development plans spark environmental concerns
A coalition of organisations has raised strong objections to government plans for a sports complex on green land in Pembroke, warning of significant environmental and social consequences. The proposed project includes a stadium seating over 2,000 spectators and facilities for at least two football clubs. The site lies close to residential areas and near the Natura 2000 Park, an environmentally sensitive zone. Residents argue the development would intensify pressure on a locality already facing major projects, including db City Centre and Villa Rosa. A petition has been launched calling for the plans to be scrapped. Organisations also recalled a successful 2017 campaign that halted a private school on the same land. They warn that proposed revisions to Local Plans could open the door to further commercialisation of sports facilities, with limited benefit to residents. (Maltatoday)
