FITCH JOINS OTHER CREDIT AGENCIES IN AFFIRMING MALTA'S POSITIVE RATINGS

The independent rating agency forecasts Malta's economic growth to outperform its peers in 2018. Fitch affirmed Malta's rating at A+ resulting from its upgrade last year, while commending Malta's high governance indicators. The credit rating agency said strong rule of law and governmental effectiveness in Malta were strong contributors to the country's A+ sovereign rating. The independent rating agency forecasts Malta's economic growth to outperform its peers in 2018. Real GDP grew by...

Gozo wins the Best in the Mediterranean Destination at the World’s Best Sustainable Destinations at a Travel Trade show in Berlin

Gozo is one of many Mediterranean islands. Here's one great reason why IT IS the island you need to visit! On March 7, Gozo was chosen as the Best in the Mediterranean at the World's Best Sustainable Destinations, which were unveiled in the Awards Hall of ITB Berlin. The winners of this award were chosen from a total of 100 top-sustainable destinations. In fact, this is the most prestigious opportunity to showcase “green destinations” to the world. It's about beaches As an island in...

IS MALTA ABOUT TO GET ITS OWN ‘LONDON EYE’?

Is Malta about to get its own 'London Eye'? Malta could soon have its own version of the London Eye. Ambitious plans have been unveiled for a massive sightseeing wheel near the Granaries in Floriana. Just like the London Eye, it would have a series of pods which can each seat six people. The proposed wheel, which would be 45-metres high, would be built on a car park next to the Granaries. It would be considerably lower than the London Eye, which rises to 135-metres. The businessman...

Maltese property market in 2018

When the financial crisis hit the global market, Malta's economy remained relatively stable, as did its property market The Maltese property market has gone from strength to strength over the past couple of years, with 2017 being one of its best performances, and with 2018 shaping up to be another bumper year. More units are being built, and some of the island's biggest property projects now in the pipeline, investment in property is still one of the most solid and attractive types of...

Malta Once Again Records Highest Economic Growth In Euro Area

Malta Once Again Records Highest Economic Growth In Euro Area Malta has once again recorded the highest economic growth in the Euro Area with a real GDP growth rate of 6.6 per cent in 2017. This growth rate is more than double the average growth rate of 2.3 and 2.4 per cent recorded in the Euro Area and the EU28 respectively. In nominal terms, GDP grew by 9.0 per cent. The latter augurs well for the debt-to-GDP ratio for 2017, which is expected to fall below 55 per cent. “I am pleased to...

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