Malta is becoming an increasingly attractive destination for financial services. This was
The government wants to attract aircraft leasing companies to Malta, Tourism Minister Edward Zammit Lewis told Parliament this evening, adding that the lucrative sector could create a number of high quality jobs.
Dr Zammit Lewis kicked off the debate on the Aircraft Registry Amendment Bill, saying that the government was also interested in the aircraft financing sector.
The Tourism Minister said the 2010 law on the aviation sector was a breakthrough but needed to be updated to keep up with an evolving sector.
He mentioned that the Malta Tourism Authority is working on
Since its incorporation in October 2012, Swissquote Financial Services (Malta) Ltd has
Malta is improving its competitiveness according to a report released by the World Economic Forum. In the report Malta was placed 40th in the overall ranking, making the fifth largest jump out of the 138 countries involved. This was the highest position achieved within the last decade.
With regards to the economic environment Malta has placed 21st, significantly higher than the 71st place achieved by the final year of the previous administration, the government said in a statement.
It has been suggested that this is due to the reduction of the public debt and
“Our approach as a country is to offer Malta as a co-location jurisdiction rather than outright re-location possibility. We are an ideal place for companies with presence in the UK and which want to have a new foothold in the European Union to co-locate. This is the way we are positioning ourselves irrespective of the outcome of Brexit negotiations, and industry players are reacting positively to such an attitude.”
Speaking at UK’s Guildhall Art Gallery in a lunch hosted by the City of London, Prime Minister Joseph Muscat told UK business leaders and policymakers
Malta has been ranked as the second-best place in the world for foreigners to live by an industry survey of more than 14,000 respondents.
And while Taiwan was considered the better overall bet, the survey found that nowhere topped Malta when it comes to love. Seventy per cent of expats in Malta are in a relationship, 64 per cent are delighted with their partner, and 44 per cent live here with a partner who is from a third country - double the global average.
The Expat Insider 2016 survey asked respondents to rate 43 different aspects of life abroad on a scale of one to seven, with topics ranging from the friendliness of locals to taxation and provision of services.
Malta ranked well in all quality of life sub-categories, topping the list for leisure options and coming a close second to Costa Rica when foreigners were asked to rate their personal happiness.
Expats also rated Malta very well when asked how easy it was to settle down and make new friends.
Ratings were less flattering when foreigners were asked to rate their work experiences. It seems foreigners working here are not as pleased with their work-life balance as they were a year ago, with a smaller percentage saying they are satisfied.
Almost half of all Malta-based foreigners who took the survey said they were planning on living in Malta forever - much higher than the 31 per cent global average.
Malta's second-place finish represents an improvement from last year's result, when the country finished third in the overall rankings. Ecuador, which topped the 2014 and 2015 editions of the survey, is now third.
Vietnam was this year's biggest mover, shifting a massive 24 places to place in 11th after finishing 35th last year. Uganda and Finland also registered big gains.
On the other hand, the survey makes for painful reading for the governments of the UAE, Indonesia and Hong Kong. All three countries registered steep declines over the past year.
But even they can at least take some solace in the fact that they are not Kuwait, Greece or Nigeria: the three countries sit at the bottom of the 67-country list.
Top 10 countries for foreigners
5. New Zealand
6. Costa Rica
10. Czech Republic
Bottom 10 countries for foreigners
63. Saudi Arabia
The domestic financial system remained sound and resilient on the back of a fast-growing Maltese economy, according to the Central Bank of Malta’s Financial Stability Report for 2015. This resilience is also supported by newly-introduced macro-prudential measures that are designed to mitigate potential systemic risks. The report points out that potential vulnerabilities identified in 2014 remained relevant in 2015, although some risks have eased in 2015. “The outlook for financial stability is positive, with some of the identified risks anticipated to ease further in
On 16 October, the Malta Fiscal Advisory Council presented its assessment of the official macroeconomic forecasts which underpin the Draft Budgetary Plan for 2018. The Council considers the updated forecasts for real GDP growth of 5.9% for 2017 and...
The positive indications of the Index Performance of the Malta Stock Exchange show that the Maltese economy is one of the best performers in Europe, President Marie Louise Coleiro Preca said this morning.
Speaking at the inauguration of a collective art exhibition to commemorate the 25th anniversary of the Malta Stock Exchange, Mrs Coleiro Preca said consuer confidence was also quite strong, and along with other positive economic fundamental requisites, offered a bright future for the Maltese Equity Market.
The President commended the unwavering hard work carried out by
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