Author: Staff

The International Monetary Fund has raised its economic growth projections for Malta and urged the Maltese authorities to prepare a plan for tapering support measures such as the wage supplement scheme, including adjusting their size and eligibility criteria. In its latest country report, it said output grew by 1.9 percent (q/q) in the first quarter of 2021, and signs of labour markets tightening are emerging. Consumer and business confidence have recovered to pre-COVID-19 levels and it expects the economy to grow by around 5¾ percent in 2021 (from a projection of 4.7% in April) and 6 percent in 2022, assuming…

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Labour MP Manuel Mallia resigned from parliament on Tuesday ahead of his appointment as Malta’s high commissioner to London. First elected in 2013 after a long career as a lawyer in the criminal court, he served in two legislatures, initially as home affairs minister and later as minister for competitiveness. More recently he was president of the parliamentary Foreign Affairs Committee. In a farewell address during parliament’s adjournment, he thanked constituents, friends and political foes and said he had sought to give back to his country a little of what he had received. RELATED STORIES He said he was grateful…

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Malta has started the process to declare an Exclusive Economic Zone in the central Mediterranean, with the potential of extending its responsibilities by as much as 71,446 sq km beyond territorial waters, Finance Minister Clyde Caruana said on Monday. He said an Exclusive Economic Zone (EEZ) could hold huge economic potential in the coming years, not just for fisheries, but even artificial islands, wind farms, solar farms, wave-generated electricity and revenue from shipping movements. Speaking in parliament, Caruana said that Malta had to date exercised responsibility over its territorial waters, extending to 12 miles (an area of 3,829 sq km)…

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A 33-year-old motorcyclist was seriously injured in an early-morning crash at Triq is-Salini, near Salina on Monday. The police said the man was driving a Kawasaki motorcycle which was involved in a collision with a Toyota Hilux van. The van driver, a 77-year-old man from Mosta, was unhurt. The police are investigating. Independent journalism costs money. Support Times of Malta for the price of a coffee.Support Us See original Article on timesofmalta.com

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