The property market in Malta witnessed significant growth in 2023, marking it as the "second best year ever" according to the Malta Developers' Association (MDA). Total promises of sale (POS) for the year saw a substantial 9% increase compared to the previous year, contributing to a thriving real estate sector. In this article, we delve into the details of this impressive growth, exploring the driving factors, key statistics, and the implications for both investors and the Maltese community....
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Business News, NEWS Malta
January 2, 2024
Economic Challenges Hit Malta’s Restaurants
Malta's restaurant industry is grappling with a 20% decrease in sales during the Christmas season compared to the previous year. Despite a surge in restaurant-goers, diners are reported to be...
Finance News, NEWS Malta
December 27, 2023
Economic Trends in Malta
In the recent economic update released by the Central Bank, Malta experienced a decline in economic sentiment last month. This decline is a noteworthy development as the Economic Sentiment Indicator...
Finance News, NEWS Malta
December 27, 2023
Malta’s Economic Renaissance
In the aftermath of the global pandemic, nations worldwide find themselves at a pivotal juncture in the competitive landscape of foreign direct investment. Malta, a small but strategically positioned player,...
NEWS Malta, Taxation
December 13, 2023
IRS’s Approach to Malta Pension Plans
The United States Internal Revenue Service (IRS) has recently withdrawn criminal summonses linked to its robust campaign against Malta pension plans, sparking speculation about a potential change in strategy. This...
NEWS Malta, Tourism
December 5, 2023
Malta’s Tourism Boom
In October 2023, the picturesque island of Malta witnessed a remarkable surge in tourism, with the total number of nights spent by visitors soaring by an impressive 30.7% compared to...
Finance News, NEWS Malta
November 30, 2023
Malta’s Tariff System on Groundwater
The Maltese government is set to introduce a revolutionary tariff system on groundwater abstraction through boreholes, accompanied by substantial incentives for users transitioning to more sustainable water sources. Despite persistent...
Finance News, NEWS Malta
November 28, 2023
Public Sector Workers COLA Boost
In a move toward equitable compensation, public sector workers are set to benefit from a €6.41 weekly increase to bridge the gap between their collective agreements and the full Cost...
Finance News, NEWS Malta
November 27, 2023
Malta’s Escalating Debt Crisis
The economic landscape of Malta has been cast into a shadow of uncertainty as the nation grapples with a burgeoning debt crisis. As of October's conclusion, the debt has snowballed...
Finance News, NEWS Malta
November 24, 2023
Malta’s Debt Edges Closer to €10 Billion
In a recent announcement by the National Statistics Office (NSO), Malta's Central Government debt reached €9,680.9 million at the end of October 2023. This marks a substantial increase of €942.9...
Finance News, NEWS Malta
November 22, 2023
EU Urges Malta to Reevaluate Energy Support
The European Commission has extended an invitation to Malta, urging the country to phase out its existing energy support measures. The move is in response to concerns over Malta's government...
NEWS Malta, Taxation
November 21, 2023
Malta’s Emissions Tax Challenge
As the countdown to January 2024 begins, the Maltese maritime industry finds itself at a crossroads, grappling with the ominous shadow cast by the upcoming European Union (EU) emissions tax...
NEWS Malta, Tourism
November 20, 2023
Malta Film Commission Controversy
In a recent development in the Maltese Parliament, Tourism Minister Clayton Bartolo presented an abridged version of the Malta Film Commission's economic impact assessment. This move has stirred controversy as...
Finance News, NEWS Malta
November 19, 2023
Budget 2024: Impact on Malta’s Middle Class
In the aftermath of the recent budget announcement, a contentious debate has emerged regarding its impact on the middle class in Malta and Gozo. While the Opposition argues a disregard...
iGaming News, NEWS Malta
November 8, 2023
Carl Brincat to Depart Malta Gaming Authority
In a surprising announcement, Carl Brincat, the Chief Executive Officer of the Malta Gaming Authority (MGA), disclosed that he would be stepping down from his role in January 2024. However,...
Finance News, NEWS Malta
November 7, 2023
Air Malta’s Early Retirement Financial Burden
The government of Malta is grappling with the financial burden imposed by the early retirement schemes for Air Malta employees, which are projected to cost an astonishing €92.5 million in...
Finance News, NEWS Malta
November 7, 2023
Malta Budget 2024
The Malta Budget 2024 was unveiled in Parliament on October 30, 2023, by the Minister for Finance and Employment. This annual fiscal plan outlines various proposals that, upon approval by...
NEWS Malta
November 3, 2023
Vehicle Listings On Google Now Made Easy!
Google is known to always make efforts to simplify things for its users. The result of one such effort was seen last month, when the search engine giant rolled out...
Business News, NEWS Malta
October 27, 2023
Malta’s SMEs Concerns Over Economy
The third quarter of 2023 has brought forth concerning sentiments among Malta's Small and Medium-sized Enterprises (SMEs). According to the latest SME Barometer results presented by The Malta Chamber of...
Finance News, NEWS Malta
October 27, 2023
Malta – €52 Million Deficit in 2023
The National Statistics Office (NSO) recently released financial data for the period spanning from January to September 2023. The figures unveiled a deficit of €52 million, marking a concerning trend...
Laws, NEWS Malta
October 26, 2023
Court criticism of Prime Minister
The Chamber of Advocates, a prominent body representing legal professionals in Malta, has strongly criticized Prime Minister Robert Abela for insinuating in parliament that the courts exhibit bias in favor...
iGaming News, NEWS Malta
October 25, 2023
Soft2Bet at SiGMA Malta Europe 2023
Soft2Bet, the leading B2B casino and sportsbook platform provider, shortlisted for the SiGMA Europe Awards in the "Responsible Gaming 2023" category, will showcase its latest gamification products and innovations at...
Finance News, NEWS Malta
October 24, 2023
Malta’s Cost of Living Adjustment for 2024
Malta's Finance Minister, Clyde Caruana, unveiled the eagerly anticipated cost of living adjustment (COLA) for 2024. During a business breakfast organized by Times of Malta, he addressed a range of...
Finance News, NEWS Malta
October 24, 2023
A Closer Look at Malta’s Inflation Challenge
In recent times, the Maltese economy has been facing significant challenges, with inflation being a prominent concern. The annual inflation rate, as measured by the Retail Price Index (RPI), witnessed...
iGaming News, NEWS Malta
October 13, 2023
Hottest iGaming Affiliates Party in Malta
Prepare for a night like no other as renowned affiliate program Chilli Partners teams up with the UK's leading payment service provider, Colibrix, to host the iGaming industry's hottest party!
NEWS Malta
September 28, 2023
EU MED9 Summit Gathers in Malta
The EU MED9 Summit is set to take place in Malta on Friday, bringing together the leaders of several EU member states, with a focus on Mediterranean countries. This significant...
Finance News, NEWS Malta
September 27, 2023
Malta’s Economic Growth Forecast
Malta is poised to maintain a robust long-term economic growth trend of 4%, according to Finance Minister Clyde Caruana. Speaking during the launch of the public consultation for the government's...