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 warnings from hydrologists regarding the depletion of Malta's salinised groundwater, abstraction has remained unregulated and unbilled for decades....
Continue Reading
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...
Finance News, iGaming News
November 20, 2023
June’s Journey Hits $1 Billion Milestone
Wooga's Berlin-based studio proudly announces that their flagship game, June’s Journey®, has soared to an extraordinary $1 billion USD in lifetime gross revenue. Not only does June’s Journey stand 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...
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...
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...
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...
Finance News, iGaming News
October 19, 2023
888 Holdings Q3 2023 Trading Update
888 Holdings, a global leader in the betting and gaming industry, boasting iconic brands such as William Hill, 888, and Mr. Green, has released its trading update for the third...
Finance News, Taxation
October 17, 2023
Malta Chamber of Commerce’s Inflation Concerns
In the face of rising inflation, the Malta Chamber of Commerce has called on the government to reconsider its strategy, deeming the current approach potentially disastrous. They argue that the...
Finance News, iGaming News
September 29, 2023
LEC Launches Sporting Financial Regulations
In a significant move aimed at ensuring the long-term financial stability and competitive equilibrium of the League of Legends European Championship (LEC), the league is gearing up to unveil a...
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...
Finance News, iGaming News
September 26, 2023
Entain Plc: 2023 Net Gaming Revenue Forecast
Entain Plc (OTC: GMVHY) finds itself among the day's underperforming gambling stocks, with Ladbrokes' owner disclosing a less-than-rosy 2023 Net Gaming Revenue (NGR) forecast. The culprit? A slump in the...
Finance News, Taxation
September 21, 2023
Malta Could Raise €344 Million with Wealth Tax
A recent study conducted by the Greens/EFA Group in the European Parliament has revealed that Malta has the potential to generate an additional €344 million in revenue by implementing a...
Finance News, Laws
September 18, 2023
Malta’s Crypto Regulations Align with MiCA
Malta, known as the "Blockchain Island" for its early embrace of blockchain and cryptocurrency technologies, is once again at the forefront of regulatory changes in the European Union (EU). The...
Finance News, Laws
September 18, 2023
MGA Fuels Gambling Industry Growth
The Malta Gambling Authority (MGA) has been on a mission to transform Malta into an attractive destination for companies in the gambling industry. According to the Annual Report for 2022...
Finance News, NEWS Malta
September 11, 2023
Malta’s 2023 Budget and Inflation
In an address to the Malta Council for Economic and Social Development (MCESD) ahead of next year's budget, Finance Minister Clyde Caruana reassured the public that despite ongoing inflation challenges,...
Business News, Finance News
September 6, 2023
Retail Trade in Malta Surges by 3.5%
In a surprising turn of events, the retail trade sector in Malta has displayed remarkable resilience and growth, standing out as a beacon of hope amidst a challenging economic landscape....
Business News, Finance News
September 6, 2023
GO Empowers Malta with True Fibre Network
In a landmark announcement, GO, the leading telecommunications provider in Malta, has declared that a whopping 75% of households and 80% of businesses across the country can now bask in...
Banking, Finance News
September 6, 2023
Bank of Valletta Naxxar Branch Revamp
Bank of Valletta, one of Malta's leading financial institutions, has recently unveiled its revamped Naxxar Branch, signaling a significant milestone in its ongoing commitment to delivering top-tier customer service. The...
Finance News, NEWS Malta
September 5, 2023
PM Silence on Social Benefit Scandal
In a shocking turn of events, the Nationalist Party has raised serious questions about Prime Minister Robert Abela's silence following the revelation of a social benefit fraud scandal involving a...
Finance News, NEWS Malta
September 5, 2023
Malta’s GDP Surges by 3.9% in Q2 2023
Malta, the picturesque Mediterranean archipelago, is basking in economic success as it witnesses a remarkable surge in its Gross Domestic Product (GDP). The latest statistics, released by the National Statistics...
Banking, Finance News
September 4, 2023
MDB’s Website Revamp: Fueling Growth & Innovation
The Malta Development Bank (MDB) has taken a significant leap into the digital age with the launch of its newly designed website, now accessible at www.mdb.org.mt. This revamped online platform...
Finance News, NEWS Malta
September 4, 2023
Malta’s Economy: Q2 2023 GDP Growth
Malta, a picturesque Mediterranean island nation, continues to impress with its economic resilience. The provisional estimates for the second quarter of 2023 reveal a promising surge in the Gross Domestic...