Free VPS Trial, no credit card required
Learn More
NetShop logo

Home

Blog

Malta’s PM on economic growth...

Malta’s PM on economic growth

Malta’s PM on economic growth

Published on Wed Apr 10 2019

The Prime Minister of Malta Joseph Muscat said that Malta’s present sustained economic growth did not happen by chance. Muscat was addressing the London Technology Club and the Investment Executive Panel on Wednesday.

Muscat said that Malta’s economic growth has turned around the country’s finances, moving from a structural deficit to a fiscal surplus for three years in a row. He also mentioned how traditional businesses such as that of manufacturing and tourism have grown and expanded.

Moreover, Muscat also discussed how Malta has opened up and diversified to new niches, ranging from Fintech, Blockchain and Artificial Intelligence to aviation and medical cannabis.

On the other hand, new challenges have also emerged in terms of money laundering and financial crimes, said Muscat. Currently there are new regulations being implemented to battle this, by institutions such as the Malta Financial Services Authority and the Financial Intelligence Analysis Unit.

Together with the Prime Minister, there were also present Chief of staff Keith Schembri, Head Government Communications Kurt Farrugia, Malta Enterprise CEO Mario Galea, Joseph Zammit Tabona, and the Prime Minister’s financial adviser Prof. Joseph Bannister.

Share this article

Recent Posts

How to Upgrade Debian 9 to Debian 10 using CLI (command line)

How to Upgrade Debian 9 to Debian 10 using CLI (command line)

April 14, 2021

How to start trading Forex with low latency

How to start trading Forex with low latency

April 13, 2021

Main differences between cPanel and Plesk Control Panels

Main differences between cPanel and Plesk Control Panels

April 12, 2021

Promo: How to Get Cloud & Server Hosting for Free with NetShop ISP

Promo: How to Get Cloud & Server Hosting for Free with NetShop ISP

April 08, 2021

Benefits of Malta VPS Hosting

Benefits of Malta VPS Hosting

April 07, 2021