Invest In EU News

  • RE/MAX Alliance Opens New Office In Swieqi

     The office forms part of the RE/MAX Alliance group, which already has offices located in Tigne, San Gwann, Mosta, St Julian’s and on The Strand.

    RE/MAX Malta recently announced that it has opened a new real estate office in the heart of Swieqi. Situated in Triq Il-Qasam, one of the main arteries of the town, the new franchise will provide a fully-comprehensive real estate service, including (but not limited to) property sales and letting in both the residential and commercial sectors.

  • Guidelines for central government debt management in 2018

     Today the Government adopted guidelines for the management of the central government debt. The maturity of the debt is extended slightly, which reduces the risk at a low cost. The steering of the composition of the debt is left unchanged.

    "The cost advantage of short-term borrowing has continued to decrease. This is the reason why we are extended the maturity of the central government debt further;" says Minister for Financial Markets and Consumer Affairs Per Bolund.

  • Sweden one of the initiators behind new international programme to support clean energy transitions in emerging economies

     with 12 other countries, has launched the Clean Energy Transitions Programme – a new International Energy Agency (IEA) programme to support clean energy transitions around the world. The programme will be an important part of enhanced international energy cooperation to implement the Paris Agreement.

  • Cruise tourism has enormous potential for the country's economic growth

     "Tourism today has a huge weight in our economic activity, but there is still a lot to give", representing 7% of GDP and 18% of exports, "which means that there is still potential to strengthen the weight of this sector", said First -Minister António Costa, at the inauguration of the cruise terminal in Lisbon, where the Minister of the Sea , Ana Paula Vitorino , was also present . 

  • Malta International Airport Achieves Another Record Summer

     Malta International Airport (MIA) saw 4,269,623 passenger movements this summer, an increase of more than 600,000 passenger movements over the same comparable period in 2016.

    “Last summer was our busiest yet on more levels than one,” MIA said in a statement. “Apart from our ongoing Terminal Reconfiguration Project, we hosted over 4 million passengers in a span of seven months, which highlights the fastest rate ever at which traffic through our airport has grown.”

  • EU Emissions Trading System: landmark agreement between Parliament and Council delivers on EU's commitment to turn Paris Agreement into reality

     Brussels, 9 November 2017

    The European Parliament and Council have today reached a provisional agreement to revise the EU Emissions Trading System (EU ETS) for the period after 2020. This revision will contribute to put the EU on track to achieving a significant part of its commitment under the Paris Agreement to reduce greenhouse gas emissions by at least 40% by 2030.

  • Mergers: Commission opens in-depth investigation into proposed acquisition of Ilva by ArcelorMittal

    The European Commission has opened an in-depth investigation to assess the proposed acquisition of Ilva by ArcelorMittal under the EU Merger Regulation. The Commission has concerns that the merger may reduce competition for a number of flat carbon steel products.

  • Malta Is Still One Of The EU'S Worst Performers In Terms Of Economic Equality

    The country's ranking of 93 out of 144 countries compares favourably with last year's 108, but all other European Union countries except Hungary, at 103rd, managed to do better.

    While progress in narrowing attainment gaps between men and women in Malta has been made, it remains the EU's second-worst performer in terms of gender equality, particularly when it comes to economic participation and opportunity, according to the 2017 Global Gender Gap Report.

  • Relationships with services supporting mothers' employment

     Family and Primary Education Minister Annika Saarikko suggests the possibility of combining the services of child support services for mothers with small children.

    Saarikko raised the issue at the opening of the Session on Tuesday 7.11. Helsinki.

  • Prime Minister Ratas will attend the Web Summit in Lisbon and meet with Portuguese Prime Minister António Costaga

     Tallinn, Stenbock House, 7 November 2017 - Today Prime Minister Jüri Ratas is heading to Lisbon, where he will attend the Web Summit of one of the world's largest technology conferences and will meet with Portuguese colleague António Costaga.

  • Streamlining The Process Of Doing Business In Europe

     While the EU offers countless international opportunities for business, navigating the laws of 28 different countries is often challenging, costly and time-consuming. The Your Europe business portal is hoping to change that.

  • Malta Is Still One Of The EU'S Worst Performers In Terms Of Economic Equality

     The country's ranking of 93 out of 144 countries compares favourably with last year's 108, but all other European Union countries except Hungary, at 103rd, managed to do better.

    While progress in narrowing attainment gaps between men and women in Malta has been made, it remains the EU's second-worst performer in terms of gender equality, particularly when it comes to economic participation and opportunity, according to the 2017 Global Gender Gap Report.

  • State aid: Commission approves Belgian tax measures for maritime transport

     The European Commission has approved under EU State aid rules the prolongation until end 2022 of various Belgian support measures for maritime transport. The scheme encourages shipping companies to register their ships in Europe and so ensure higher social, environmental and safety standards.

    Belgium has also committed to a number of changes to its scheme to prevent any discrimination between shipping companies and registries of different European Economic Area (EEA) States and to avoid undue competition distortions.

  • Reformation has changed our world

     The Reformation proved to be a world-shaping force within just a few lifetimes, and has changed human civilisation once and for all, the Minister heading the Prime Minister’s Office said on Sunday in Makó, taking the view that faith and tradition can be the solution to today’s challenges as well.

  • Most Maltese Businesses Have No Idea How Much They're Paying For Telephony And Internet

     The Business Perceptions Survey for the period December 2016 – March 2017 showed that respondents generally showed a lack of awareness as to their monthly expenditures on the products and services purchased from local service providers.

    Most local business owners lack awareness of how much they’re spending on electronic communications services, according to a survey carried out by the Malta Communications Authority (MCA).

  • High-level conference to boost investment in clean energy transition

     Significant investment is needed in the energy sector to help the EU achieve its ambitious climate change targets, which were agreed as part of the Paris Agreement. The EU has committed to cut CO2 emissions by at least 40% by 2030 while modernising its economy and creating jobs and economic growth for all European citizens. The European Commission wants to keep the European Union competitive as the clean energy transition is changing the global energy markets.

  • Mergers: Commission clears acquisition of Banque Internationale à Luxembourg by Legend Holdings Corporation

    The European Commission has approved, under the EU Merger Regulation, the acquisition of Banque Internationale à Luxembourg (BIL) by Legend Holdings Corporation of China. BIL is a private banking group operating in retail, private and corporate banking, mainly active in Luxembourg. Legend Holdings is a diversified investment holding group listed on the Hong Kong Stock Exchange with a portfolio of strategic and financial investments.

  • Most Maltese Businesses Have No Idea How Much They're Paying For Telephony And Internet

     The Business Perceptions Survey for the period December 2016 – March 2017 showed that respondents generally showed a lack of awareness as to their monthly expenditures on the products and services purchased from local service providers.

    Most local business owners lack awareness of how much they’re spending on electronic communications services, according to a survey carried out by the Malta Communications Authority (MCA).

  • Malta Recognised By The FDA As Capable Of Conducting Inspections Of Its Manufacturing Facilities

     The FDA oversees drug manufacturing by routinely inspecting domestic and foreign drug manufacturing plants for compliance with manufacturing standards that assure quality and product label requirements.

    Malta is among eight European countries determined by the US Food and Drug Administration (FDA) as capable of conducting inspections of manufacturing facilities that meet FDA requirements.

  • Malta's Taxes On Income And Wealth Surpass Production And Import Taxes

     Over the period of 20 years, the contribution of current taxes in Malta on income and wealth towards tax revenues increased substantially from 8.2 per cent of GDP in 1995 to 13.9 per cent of GDP in 2016, according to figures released by the National Statistics Office (NSO).

    This increase surpassed the proportion of taxes on production and imports by a margin of 0.6 percentage points in 2013.

  • Digital contract rules: amended proposal on sales of goods across the EU

     The Commission adopted today an amended proposal to extend the scope of the proposed Directive on online and other distance sales of goods to cover sales of goods offline.The initial proposal on the online sale of goods was presented in December 2015 together with the proposal on the supply of digital content as part of the Commission's commitment to deliver on its Digital Single Market Strategy.

  • Partnership and Cooperation Agreement between the European Union and Mongolia enters into force

     On 1 November, the Partnership and Cooperation Agreement (PCA) between the European Union and its Member States and Mongolia will enter into force.

    The Agreement, which was signed on 30 April 2013, replaces the 1993 Agreement on trade and economic cooperation between the European Economic Community and Mongolia.

  • Employment: Report confirms effectiveness of EU Globalisation Fund

     Today, the Commission has published its report on the performance of the European Globalisation Adjustment Fund (EGF) in 2015 and 2016.

    The report reaffirms the role of the Fund as a flagship demonstration of European solidarity within the limits of its set-up and budgetary availabilities, having helped close to 19,500 workers to adjust to changing trade patterns and consequences of the economic and financial crisis in that period.

  • Mergers: Commission clears the acquisition of joint control over ASCN by Bosch and HASCO

     The European Commission has approved under the EU Merger Regulation the acquisition of joint control over Bosch Automobile Steering (Nanjing) Co. Ltd. ("ASCN") of China by Robert Bosch GmbH ("Bosch") of Germany and Huayu Automotive Systems Company Ltd. ("HASCO") of China. ASCN is a Bosch-subsidiary active in the production of power assisted steering gears, predominantly in China. Bosch is a supplier of technology and services for the automotive industry, as well as for the industrial technology, consumer goods, energy and building technology industries.

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