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	<title>Finance | The Malta Business Weekly</title>
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		<title>Foreign direct investment reaches €493.1 billion, direct investment abroad at €463.9 billion – NSO</title>
		<link>https://maltabusinessweekly.com/foreign-direct-investment-reaches-e493-1-billion-direct-investment-abroad-at-e463-9-billion-nso/30916/</link>
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		<dc:creator><![CDATA[The Malta Business Weekly]]></dc:creator>
		<pubDate>Wed, 07 Oct 2026 09:45:00 +0000</pubDate>
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		<category><![CDATA[Finance]]></category>
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					<description><![CDATA[<p>As at the end of 2025, the stock position of Foreign Direct Investment in Malta stood at €493.1 billion, while Direct Investment abroad amounted to €463.9 billion, the NSO said Wednesday. Foreign Direct Investment (FDI) in Malta During 2025, net inward FDI flows in Malta amounted to €10.7 billion. The main contributors to total FDI [&#8230;]</p>
<p>The post <a href="https://maltabusinessweekly.com/foreign-direct-investment-reaches-e493-1-billion-direct-investment-abroad-at-e463-9-billion-nso/30916/">Foreign direct investment reaches €493.1 billion, direct investment abroad at €463.9 billion – NSO</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></description>
										<content:encoded><![CDATA[<p>As at the end of 2025, the stock position of Foreign Direct Investment in Malta stood at €493.1 billion, while Direct Investment abroad amounted to €463.9 billion, the NSO said Wednesday.</p>



<p><strong>Foreign Direct Investment (FDI) in Malta</strong></p>



<p>During 2025, net inward FDI flows in Malta amounted to €10.7 billion. The main contributors to total FDI flows were financial and insurance activities, with EU partners taking the largest share.</p>



<p>At the end of 2025, the net inward FDI position stood at €493.1 billion, marking a rise of €13.4 billion compared with the end of 2024. Financial and insurance activities accounted for 98.3 per cent of the total FDI position.</p>



<p><strong>Direct Investment abroad</strong></p>



<p>During 2025, net outward direct investment flows totalled €12.9 billion, mainly in the form of equity and investment fund shares/units.</p>



<p>Net outward direct investment position reached €463.9 billion in December 2025, an increase of €11.0 billion compared with 2024. Financial and insurance activities accounted for 99.5 per cent of the total outward FDI, with most investment directed toward partners within the EU.</p><p>The post <a href="https://maltabusinessweekly.com/foreign-direct-investment-reaches-e493-1-billion-direct-investment-abroad-at-e463-9-billion-nso/30916/">Foreign direct investment reaches €493.1 billion, direct investment abroad at €463.9 billion – NSO</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></content:encoded>
					
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		<title>Energy subsidies have cost Malta more than Covid, Clyde Caruana says</title>
		<link>https://maltabusinessweekly.com/energy-subsidies-have-cost-malta-more-than-covid-clyde-caruana-says/30910/</link>
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		<dc:creator><![CDATA[The Malta Business Weekly]]></dc:creator>
		<pubDate>Tue, 06 Oct 2026 10:39:17 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Finance]]></category>
		<guid isPermaLink="false">https://maltabusinessweekly.com/?p=30910</guid>

					<description><![CDATA[<p>Energy subsidies have cost Malta significantly more than the COVID-19 pandemic, Finance Minister Clyde Caruana said on Tuesday, as he defended the government&#8217;s decision to keep shielding households and businesses from soaring international energy prices. Speaking at a Times of Malta pre-Budget debate, Caruana said the government had spent around €1.35 billion on energy subsidies [&#8230;]</p>
<p>The post <a href="https://maltabusinessweekly.com/energy-subsidies-have-cost-malta-more-than-covid-clyde-caruana-says/30910/">Energy subsidies have cost Malta more than Covid, Clyde Caruana says</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></description>
										<content:encoded><![CDATA[<p>Energy subsidies have cost Malta significantly more than the COVID-19 pandemic, Finance Minister Clyde Caruana said on Tuesday, as he defended the government&#8217;s decision to keep shielding households and businesses from soaring international energy prices.</p>



<p>Speaking at a <em>Times of Malta</em> pre-Budget debate, Caruana said the government had spent around €1.35 billion on energy subsidies so far, compared with about €800 million on measures related to the pandemic.</p>



<p>Of the energy subsidies, he said around €400 million was expected to be spent this year and a further €400 million next year.</p>



<p>&#8220;The energy crisis is far bigger than Covid,&#8221; Caruana said, arguing that the government needed to do more to explain to the public the scale of the burden it was absorbing.</p>



<p>He said Malta&#8217;s households and businesses would face a very different situation if they had been forced to absorb even part of the increase in international energy prices.</p>



<p>The minister said the government was now forecasting €400 million in subsidies by the end of this year, more than double what had initially been anticipated. He attributed the deterioration to the prolonged war involving Iran and worsening external pressures, warning that the coming winter was likely to be challenging.</p>



<p><strong>&#8216;Law of diminishing returns&#8217;</strong></p>



<p>Caruana acknowledged that the government was facing what he described as the &#8220;law of diminishing returns&#8221; when it came to measures aimed at supporting households.</p>



<p>People now had higher expectations of government support, he said, meaning that measures that would have generated significant satisfaction five years ago no longer had the same effect.</p>



<p>&#8220;Whereas five years ago people were happy to receive €100 to €120, now they expect much more,&#8221; he said.</p>



<p>He also confirmed reports that he had told social partners at the Malta Council for Economic and Social Development to &#8220;remove their head from the clouds&#8221;.</p>



<p>Caruana said the international situation meant Malta had to be realistic about the constraints facing the government.</p>



<p><strong>Subsidies will stay</strong></p>



<p>Despite acknowledging that subsidies encouraged waste, Caruana said he was unwilling to alter the system because of the potential impact on economic confidence.</p>



<p>He estimated that the government might be wasting around €20 million through subsidies going to people who did not necessarily need them.</p>



<p>But, he argued, the economic cost of creating uncertainty over whether subsidies would be withdrawn could be considerably higher.</p>



<p>&#8220;If I start playing around with these, people would say Caruana is going to start killing off subsidies,&#8221; he said.</p>



<p>Consumers could respond to fears of higher bills by spending less, while businesses could also reduce investment, he argued.</p>



<p>Caruana said energy prices would not continue rising indefinitely. High prices would eventually lead to weaker demand, higher interest rates and an economic slowdown, forcing markets towards a new equilibrium.</p>



<p>He also pointed to the fact that some countries were reverting to coal as evidence of the pressure created by high energy costs.</p>



<p><strong>Deficit to remain at 2.8%</strong></p>



<p>Caruana said the government expected to end the year with a budget deficit of 2.8% of GDP and expected the figure to remain at roughly the same level in 2027.</p>



<p>He said half of the deficit, equivalent to 1.4% of GDP, would be attributable to energy subsidies.</p>



<p>That, he argued, showed that Malta&#8217;s underlying finances remained under control.</p>



<p>Caruana said he had gone through individual ministry budgets and ensured money was being allocated where it could be spent efficiently.</p>



<p>He acknowledged that he had economised on some ministries and budgets, describing the removal of &#8220;fat&#8221; as a natural process in every legislature.</p>



<p>Capital and recurrent expenditure would nevertheless continue to rise in aggregate, he said.</p>



<p><strong>Super Bonus remains a tax cut, minister says</strong></p>



<p>Caruana also defended Labour&#8217;s €1,000 &#8220;super bonus&#8221;, saying he would have promised the measure himself had he been Labour leader.</p>



<p>He described it as &#8220;a tax cut by another means&#8221; and said the government had opted for the mechanism because simply rearranging tax brackets would have left around 75,000 taxpayers either excluded or benefiting very little.</p>



<p>&#8220;I came up with the idea of the super bonus myself,&#8221; he said. &#8220;I completely endorse it.&#8221;</p>



<p>However, he refused to confirm whether this bonus would be announced in the upcoming Budget.</p>



<p>On the other hand, he did confirm he was not planning to touch VAT, income tax or social security contributions.</p>



<p><strong>Debt up €6 billion since 2020</strong></p>



<p>Caruana acknowledged that Malta&#8217;s national debt had risen by around €6 billion in absolute terms since 2020.</p>



<p>But he pointed to the country&#8217;s debt-to-GDP ratio, which he said remained relatively low at around 46%.</p>



<p>He attributed around 70% of the increase in debt to three major shocks or interventions: the COVID-19 pandemic, energy subsidies, and the closure of Air Malta and creation of KM Malta Airlines.</p>



<p>&#8220;Tell me which of these three you would do without,&#8221; he said.</p>



<p>Asked whether he would make the same decisions again, Caruana said he would.</p>



<p><strong>Population could hit 800,000 by 2040</strong></p>



<p>The minister confirmed that, at the current rate of population growth, Malta was on track to reach a population of 800,000 by 2040.</p>



<p>But he placed much of the responsibility for the country&#8217;s reliance on foreign workers on employers rather than government.</p>



<p>To increase production, he said, an economy needed either more capital or more labour. Labour had traditionally been the easier and cheaper option, leading employers to favour bringing in more workers.</p>



<p>Caruana said Malta could not continue relying on an ever-growing supply of labour if it wanted productivity to increase.</p>



<p>&#8220;If you want to increase productivity, you need to have more capital and less labour,&#8221; he said.</p>



<p>The solution, he argued, was greater investment in capital and technology rather than continually asking government to make it easier for employers to recruit workers.</p>



<p><strong>Doubts over light rail</strong></p>



<p>Caruana also expressed scepticism over the proposed light rail project, saying he was still unsure whether Malta could afford it.</p>



<p>He said he had not seen the studies referred to during the electoral campaign and questioned claims that construction could cost as much as 30% to 35% of GDP.</p>



<p>His concerns were reinforced, he said, by discussions with people from international institutions, including the World Bank.</p>



<p>&#8220;I&#8217;m not trying to pour cold water on the idea,&#8221; he said. &#8220;But I&#8217;m saying I need to see some numbers.&#8221;</p>



<p>Caruana said election promises could only become reality if they made numerical sense.</p>



<p><strong>&#8216;I will spare nothing and no one&#8217; on KM</strong></p>



<p>On KM Malta Airlines, Caruana promised a fuller account of the airline&#8217;s history when he believed the time was right.</p>



<p>He said the airline&#8217;s accounts would be made public and offered to debate the issue with the Opposition for as long as necessary.</p>



<p>&#8220;When the time comes I will spare nothing and no one, because I have had enough with the undercurrents,&#8221; he said.</p>



<p>Caruana confirmed that the government was discussing the airline&#8217;s future with major carriers and had signed several non-disclosure agreements.</p>



<p>The government has previously said it wants to part-privatise KM Malta Airlines, and Caruana said this was part of an agreement with the European Commission that he intended to honour.</p>



<p>He said he had both a Plan A and a Plan B, but that both were designed to ensure the airline had a future.</p>



<p>&#8220;I am irritated with attempts to derail things involving the airline,&#8221; he said.</p>



<p>&#8220;There are many mercenaries who would like to see that the airline goes bust again. But it won&#8217;t happen.&#8221;</p>



<p><strong>Tourism tax not ruled out</strong></p>



<p>Caruana also refused to rule out an increase in tourist taxes.</p>



<p>He said he had reviewed ministry budgets and that the government had sought to direct money towards areas where it could be spent efficiently.</p>



<p>With the government facing rising subsidy costs and pressure to deliver election promises, the Finance Minister&#8217;s message was that the coming Budget would have to balance those commitments against the increasingly expensive task of shielding the economy from the global energy shock.</p><p>The post <a href="https://maltabusinessweekly.com/energy-subsidies-have-cost-malta-more-than-covid-clyde-caruana-says/30910/">Energy subsidies have cost Malta more than Covid, Clyde Caruana says</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></content:encoded>
					
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		<title>MFSA identifies weaknesses in the distribution of insurance-based investment and retirement products</title>
		<link>https://maltabusinessweekly.com/mfsa-identifies-weaknesses-in-the-distribution-of-insurance-based-investment-and-retirement-products/30908/</link>
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		<dc:creator><![CDATA[The Malta Business Weekly]]></dc:creator>
		<pubDate>Tue, 06 Oct 2026 10:34:20 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Finance]]></category>
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					<description><![CDATA[<p>2026 mystery shopping exercise highlights areas for improvement in customer assessments, disclosures, product comparisons and sales practices The Malta Financial Services Authority (MFSA) has published the key findings of its 2026 mystery shopping exercise examining the distribution of insurance-based investment products (‘’IBIPs’’) and retirement products by tied insurance intermediaries (‘’TIIs’’). The exercise identified recurring weaknesses [&#8230;]</p>
<p>The post <a href="https://maltabusinessweekly.com/mfsa-identifies-weaknesses-in-the-distribution-of-insurance-based-investment-and-retirement-products/30908/">MFSA identifies weaknesses in the distribution of insurance-based investment and retirement products</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>2026 mystery shopping exercise highlights areas for improvement in customer assessments, disclosures, product comparisons and sales practices</strong></p>



<p>The Malta Financial Services Authority (MFSA) has published the key findings of its 2026 mystery shopping exercise examining the distribution of insurance-based investment products (‘’IBIPs’’) and retirement products by tied insurance intermediaries (‘’TIIs’’).</p>



<p>The exercise identified recurring weaknesses across the sales process, including inconsistent completion and documentation of customer demands and needs assessments, insufficient evidence supporting appropriateness assessments, shortcomings in pre-contractual information, and inadequate explanations of product costs, risks and features.</p>



<p>The MFSA also identified instances where comparisons with competing products were not sufficiently objective or substantiated, communications risked creating the impression that investment advice was being provided, and discussions emphasising tax-related incentives above actual needs.</p>



<p><strong>Exercise </strong><strong>c</strong><strong>overed a </strong><strong>s</strong><strong>ubstantial </strong><strong>s</strong><strong>hare of the </strong><strong>m</strong><strong>arket</strong></p>



<p>The exercise comprised 17 mystery shopping interactions with selected TIIs distributing such products. The selection followed a risk-based approach, with particular focus on distribution models involving corporate TIIs and sales practices relying significantly on cold-calling.</p>



<p>The exercise covered approximately 50% of applicable TIIs, representing approximately 58% of IBIP-related gross written premiums reported to the MFSA.</p>



<p>The assessment focused on the pre-contractual stage of the customer journey, including the quality of information provided, demands and needs assessments, product comparisons, disclosure of risks and costs, and the distinction between factual product information and regulated investment advice.</p>



<p><strong>MFSA </strong><strong>s</strong><strong>ets </strong><strong>e</strong><strong>xpectations for </strong><strong>s</strong><strong>tronger </strong><strong>d</strong><strong>istribution </strong><strong>p</strong><strong>ractices</strong></p>



<p>The MFSA expects Insurance Undertakings and TIIs to ensure that customer assessments are carried out adequately and documented, product information and comparisons are objective and balanced, and customers receive relevant pre-contractual documentation sufficiently in advance of making an investment decision.</p>



<p>The Authority also expects distributors to clearly distinguish between factual product information and regulated investment advice, and to present potential returns, risks, costs, product features and tax considerations in a fair, clear and balanced manner.<br>Insurance undertakings are expected to maintain effective governance, oversight, training and quality assurance arrangements over their distribution networks. The MFSA also encourages firms to consider periodic mystery shopping of their own distribution channels as a complementary oversight tool.</p>



<p>The MFSA said it will continue to monitor industry practices through its ongoing supervisory activities, including further mystery shopping exercises, and may consider regulatory action against TIIs and their principals where shortcomings are identified.</p><p>The post <a href="https://maltabusinessweekly.com/mfsa-identifies-weaknesses-in-the-distribution-of-insurance-based-investment-and-retirement-products/30908/">MFSA identifies weaknesses in the distribution of insurance-based investment and retirement products</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></content:encoded>
					
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		<title>Finance Minister pledges continued fuel support but gives no commitment on €1,000 bonus</title>
		<link>https://maltabusinessweekly.com/finance-minister-pledges-continued-fuel-support-but-gives-no-commitment-on-e1000-bonus/30882/</link>
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		<dc:creator><![CDATA[The Malta Business Weekly]]></dc:creator>
		<pubDate>Wed, 30 Sep 2026 12:44:07 +0000</pubDate>
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		<category><![CDATA[Finance]]></category>
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					<description><![CDATA[<p>The government will continue subsidising fuel and electricity prices in next year&#8217;s budget, Finance Minister Clyde Caruana said on Wednesday, arguing that maintaining the measures is necessary to protect households and the Maltese economy from continued volatility in international energy prices. Caruana however would not confirm whether the €1,000 super bonus promised to workers by [&#8230;]</p>
<p>The post <a href="https://maltabusinessweekly.com/finance-minister-pledges-continued-fuel-support-but-gives-no-commitment-on-e1000-bonus/30882/">Finance Minister pledges continued fuel support but gives no commitment on €1,000 bonus</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></description>
										<content:encoded><![CDATA[<p>The government will continue subsidising fuel and electricity prices in next year&#8217;s budget, Finance Minister Clyde Caruana said on Wednesday, arguing that maintaining the measures is necessary to protect households and the Maltese economy from continued volatility in international energy prices.</p>



<p>Caruana however would not confirm whether the €1,000 super bonus promised to workers by the Labour Party during the election campaign will feature in the upcoming budget 2027, instead invoking biblical creation to urge patience.</p>



<p>Caruana stressed that a parliamentary mandate spans a five-year term and that &#8220;everything has its time.&#8221; While maintaining that the government fulfills its promises, he emphasised that current economic stewardship requires protecting public finances and shielding the nation from high energy costs.</p>



<p>When pressed about the bonus, he reiterated that budget preparations are underway but stated he would not compromise national economic safety for any single proposal.</p>



<p><strong>Volatile diesel and energy costs</strong></p>



<p>Speaking at the launch of the pre-budget document for 2027, Caruana said the government wanted to provide stability and give people &#8220;peace of mind&#8221; that the measures currently in place would continue.</p>



<p>Caruana told social partners that diesel and energy costs, which skyrocketed during the Hormuz crisis, are showing no signs of abating, painting a grim picture of the world&#8217;s energy supply.</p>



<p>Caruana said the decision to maintain the subsidies comes against a backdrop of continued volatility in European energy markets. EU consumer diesel prices increased over recent years, with prices in March 2026 exceeding the peak recorded during the 2022 energy crisis and remaining elevated thereafter.</p>



<p>Fuel prices also vary considerably across the European Union. Malta currently has the lowest consumer diesel price at €1.21 per litre, while the Netherlands has the highest at €2.58.</p>



<p>Caruana compared fuel prices in Malta with those in our nearest neighbour, Sicily. He explained that although this country is just a stone&#8217;s throw away from us, the price of diesel is almost double the price in Malta, while the price of petrol is 60% higher than in Malta.</p>



<p>European natural gas prices have also risen sharply since 2021, reaching a peak during the 2022 energy crisis. The average TTF price in 2025 was around three times the average recorded in 2019 and 2020, while prices have begun trending upwards again.</p>



<p>The ministry said energy security concerns were also linked to Europe&#8217;s gas-storage position. Storage levels were depleted following the colder 2025-26 winter, meaning the refill period began from a lower base than in recent years.</p>



<p>Electricity prices, meanwhile, rose sharply during the energy crisis. Although they stabilised somewhat between 2023 and 2025, they remained above pre-crisis levels.</p>



<p>Caruana cautioned that interconnector costs had doubled in March and were probably going to rise even more.</p>



<p><strong>Removing subsidies would hit growth</strong></p>



<p>Malta is on track to spend more on energy subsidies this year than it did during the height of the conflict in Ukraine, according to Caruana, who said the country faces a &#8220;economic catastrophe&#8221; if energy subsidies are eliminated.</p>



<p>Since Russia&#8217;s invasion of Ukraine caused market prices to rise, Malta has had steady energy prices because of government subsidies protecting customers from price increases.</p>



<p>&#8220;In just a few months, energy prices have risen very significantly. Yet, in our country, fuel, electricity, and gas prices have remained unchanged. No other country is doing what we are doing. Malta is the only country that has continued to shield families and businesses from these heavy burdens,&#8221; Caruana said.</p>



<p>He explained that although energy and food subsidies decreased from €242.5 million in 2023 to €188.1 million in 2025, they are projected to rise significantly to €391.7 million in 2026, driven by ongoing global geopolitical tensions.</p>



<p>For 2027, subsidies are estimated to reach approximately €400 million. Added to this is an investment of €75 million in energy infrastructure.</p>



<p>&#8220;Over the past five years, this government has spent no less than €1.35 billion on energy subsidies. We are doing all this because we acted prudently and our country&#8217;s finances are strong. If the country&#8217;s finances were not strong, we would not be in a position to provide all this assistance,&#8221; the Minister said.</p>



<p>The pre-budget document estimates that removing the subsidies would have a persistent contractionary effect on the Maltese economy. Without the subsidies, the Maltese economy would suffer long-term repercussions, while jobs in the country would decline and unemployment would rise.</p>



<p>According to the government&#8217;s assessment, real GDP would be €235.5 million below the baseline in 2026 if the subsidies were removed. The effect on the labour market would emerge more gradually but would remain negative throughout the projection period.</p>



<p>Higher consumer prices would also feed into the Cost of Living Adjustment. Without the subsidies, the estimated COLA payment for 2027 would rise to €18.05, reflecting the impact of higher prices following their removal.</p>



<p>&#8220;The people should have peace of mind that that which we are doing, we will keep on doing,&#8221; Caruana said in reference to the subsidies.</p>



<p>&#8220;This is the time to protect our economy,&#8221; he said, adding that the budget would &#8220;guarantee a better future.&#8221;</p>



<p>He stated that although these are challenging times, the government will continue to offer stability in this sector to protect Maltese and Gozitan consumers while simultaneously maintaining economic stability.</p>



<p><strong>Deficit falls below 3%</strong></p>



<p>The Minister also highlighted Malta&#8217;s improving fiscal position.</p>



<p>The general government deficit fell from 3.4% of GDP in 2024 to 2.2% in 2025. The government said this performance allowed Malta to correct its excessive deficit two years earlier than had originally been committed.</p>



<p>Malta&#8217;s debt-to-GDP ratio is projected to remain below the 60% threshold and significantly below the EU and euro-area averages. Five EU member states continue to record debt-to-GDP ratios above 100%.</p>



<p>In absolute terms, however, general government debt increased from €5.7 billion at the end of 2019 to €11.4 billion at the end of 2025. The government attributed much of the increase to the financing of two successive and exceptional external shocks.</p>



<p>The pre-budget document also points to continued strength in the labour market. Malta recorded the highest employment rate in the EU, while the overall participation rate increased from 81.8% in 2024 to 82.6% in 2025, compared to the European Union average of 75.6%.</p>



<p>The country also boasts the highest employment rate in the EU, at 84.0% in the second quarter of 2026, compared to the European average of 76.4%.</p>



<p>Furthermore, in July 2026, Malta recorded one of the lowest unemployment rates in the EU, well below both the EU and euro-area averages.</p>



<p>Inflation in Malta remained moderate over the past twelve months, with a rate of 2.1% recorded in July 2026-well below the European Union average of 3% and the Eurozone average of 2.9%.</p>



<p>Malta&#8217;s economic growth also outpaced the EU and euro area in 2025, with the country&#8217;s real economic growth exceeding the 1.4% recorded in the EU and 1.2% in the euro area.</p>



<p>Fiscal sustainability will remain a key priority in the coming years, Caruana said. In recent years, Malta&#8217;s deficit narrowed from 3.4% in 2024 to 2.2% in 2025; for 2026, it is projected to stand at 2.8% of GDP, remaining below the 3% threshold set by the European Commission.</p>



<p>Caruana said the upcoming budget would focus on stability, with the government opting to maintain measures aimed at shielding consumers and businesses from international energy-price pressures.</p>



<p>The pre-budget document is available on the Ministry for Finance website: <em>finanzi.gov.mt</em>.</p><p>The post <a href="https://maltabusinessweekly.com/finance-minister-pledges-continued-fuel-support-but-gives-no-commitment-on-e1000-bonus/30882/">Finance Minister pledges continued fuel support but gives no commitment on €1,000 bonus</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></content:encoded>
					
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		<title>db Group forecasts €104 million EBITDA as St George’s Bay enters operation</title>
		<link>https://maltabusinessweekly.com/db-group-forecasts-e104-million-ebitda-as-st-georges-bay-enters-operation/30879/</link>
					<comments>https://maltabusinessweekly.com/db-group-forecasts-e104-million-ebitda-as-st-georges-bay-enters-operation/30879/#respond</comments>
		
		<dc:creator><![CDATA[Andre Camilleri]]></dc:creator>
		<pubDate>Wed, 30 Sep 2026 12:40:57 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Finance]]></category>
		<guid isPermaLink="false">https://maltabusinessweekly.com/?p=30879</guid>

					<description><![CDATA[<p>db Group is forecasting earnings before interest, tax, depreciation and amortisation (EBITDA) of €104 million for the financial year ending 31 March 2027, as Hard Rock Hotel Malta and anticipated residential deliveries at ORA Residences begin to translate its investment in St George’s Bay into income. The Group expects the St George’s Bay project to [&#8230;]</p>
<p>The post <a href="https://maltabusinessweekly.com/db-group-forecasts-e104-million-ebitda-as-st-georges-bay-enters-operation/30879/">db Group forecasts €104 million EBITDA as St George’s Bay enters operation</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></description>
										<content:encoded><![CDATA[<p>db Group is forecasting earnings before interest, tax, depreciation and amortisation (EBITDA) of €104 million for the financial year ending 31 March 2027, as Hard Rock Hotel Malta and anticipated residential deliveries at ORA Residences begin to translate its investment in St George’s Bay into income.</p>



<p>The Group expects the St George’s Bay project to generate €300 million in revenue over its first two years of operation, adding to the income generated by its established operating business.</p>



<p>The expansion follows a financial year in which the Group invested €123 million in property, plant and equipment, while its total assets increased to €750 million. Cash and cash equivalents stood at €99 million at March 2026, reflecting the Group’s emphasis on financial discipline and liquidity planning during the delivery of major projects.</p>



<p>The established business also continued to improve its profitability, with gross operating profit from existing properties increasing by €5 million over the previous year.</p>



<p>As reported in July, annual revenue grew by 12.2% to €111 million, supported by db Seabank Resort and Spa, db San Antonio Hotel and Spa, a full year’s contribution from Xemxija Bay Hotel and the expansion of the restaurant portfolio, including Aki London.</p>



<p>The inauguration of the 397-room Hard Rock Hotel Malta on 2 September marked a major milestone in the Group’s expansion. Forming part of the St George’s Bay development alongside St George’s Mall and ORA Residences, the hotel adds restaurants, bars, wellness facilities and event spaces to the Group’s hospitality portfolio.</p>



<p>The latest Financial Analysis Summary, published by SD Finance plc, projects Group revenue of €237 million for the financial year ending 31 March 2027, compared with €111 million in the previous year.</p>



<p>The updated outlook reflects the later commencement of operations at St George’s Bay and the timing of residential deliveries, including ORA Tower East. These factors principally explain the revision from the previous forecasts of €378 million in revenue and €181 million in EBITDA for the year ending March 2027.</p>



<p>Explaining the revised timetable, CEO Robert Debono said: “A delay of one or two months can move a residential delivery across our financial year-end, shifting the associated income into the following year. Our revised forecasts reflect that change in timing.”</p>



<p>“Seabank and San Antonio remain very profitable foundations of our business. St George’s Bay builds on that established base and itself brings together several sources of income, including hotel accommodation, restaurants, bars, retail and residential sales,” Debono added.</p>



<p>Alongside the development of its Malta operations, db Group continues to pursue international expansion through its planned Hard Rock development in Ras Al Khaimah.</p><p>The post <a href="https://maltabusinessweekly.com/db-group-forecasts-e104-million-ebitda-as-st-georges-bay-enters-operation/30879/">db Group forecasts €104 million EBITDA as St George’s Bay enters operation</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></content:encoded>
					
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		<title>IZI Group surpasses €1bn in turnover</title>
		<link>https://maltabusinessweekly.com/izi-group-surpasses-e1bn-in-turnover/30888/</link>
					<comments>https://maltabusinessweekly.com/izi-group-surpasses-e1bn-in-turnover/30888/#respond</comments>
		
		<dc:creator><![CDATA[The Malta Business Weekly]]></dc:creator>
		<pubDate>Wed, 30 Sep 2026 08:47:00 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Finance]]></category>
		<guid isPermaLink="false">https://maltabusinessweekly.com/?p=30888</guid>

					<description><![CDATA[<p>IZI Finance plc reports record results as turnover rises 27.4% to €1.17bn IZI Group has exceeded €1 billion in turnover for the first time, as it reported strong growth across its operations during the financial year ended 30 June. The Group’s audited results, announced by IZI Finance plc, show that turnover increased by 27.4% to [&#8230;]</p>
<p>The post <a href="https://maltabusinessweekly.com/izi-group-surpasses-e1bn-in-turnover/30888/">IZI Group surpasses €1bn in turnover</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong><em>IZI Finance plc reports record results as turnover rises 27.4% to €1.17bn</em></strong></p>



<p>IZI Group has exceeded €1 billion in turnover for the first time, as it reported strong growth across its operations during the financial year ended 30 June.</p>



<p>The Group’s audited results, announced by IZI Finance plc, show that turnover increased by 27.4% to €1.172 billion, while player winnings rose by 28.4% to €1.060 billion.</p>



<p>Gross Gaming Revenue (GGR) increased by 18.3% to €110.9 million, while EBITDA rose 29.1% to €37.3 million. Operating profit climbed 63.8% to €19.4 million, while profit before tax more than doubled, increasing by approximately 102% to €14.4 million.</p>



<p>The Group attributed the improved performance principally to growth at National Lottery plc, supported by continued strong performance from its casino and interactive gaming operations.</p>



<p>IZI Group said its EBITDA margin on GGR improved to 33.7%, compared with 30.8% a year earlier, reflecting improved operational performance and profitability.</p>



<p>The Group generated €39.7 million in net cash from operating activities, around 40% more than the previous year. Cash and cash equivalents stood at €44.3 million at the end of June, while working capital improved to a surplus of €24.3 million.</p>



<p>During the year, the Group also issued €30 million in 5.5% unsecured bonds maturing in 2036, strengthening its capital and liquidity position and providing additional flexibility for future investment.</p>



<p>IZI said it invested further in its operations, distribution network, digital capabilities and organisational infrastructure, while continuing to focus on product innovation, operational efficiency and responsible gaming.</p>



<p>The Group also contributed €41.8 million to Malta’s economy and social causes during the year through concession fees, gaming taxes and contributions to the Social Causes Fund, the Responsible Gaming Foundation and sponsorships. This represented 37.7% of the Group’s GGR.</p>



<p>National Lottery plc retained its World Lottery Association Level 4 Responsible Gaming Certification and Level 2 Security Control Standard Certification. It also obtained ISO/IEC 27001:2022 certification for information security management and became a full member of United Lotteries for Integrity in Sports (ULIS).</p>



<p>Commenting on the results, IZI Group founder and CEO Johann Schembri said the €1 billion milestone in turnover and player winnings reflected the strength of the Group’s core businesses and investments in people, technology, products and distribution.</p>



<p>He said the Group was now entering the next phase of its strategy, with plans to further develop its Malta operations through product innovation, expansion of its distribution network, digital services and operational efficiencies, while also pursuing selected international opportunities.</p><p>The post <a href="https://maltabusinessweekly.com/izi-group-surpasses-e1bn-in-turnover/30888/">IZI Group surpasses €1bn in turnover</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></content:encoded>
					
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		<title>Almost 10 million people took part in ECB survey on new euro banknotes</title>
		<link>https://maltabusinessweekly.com/almost-10-million-people-took-part-in-ecb-survey-on-new-euro-banknotes/30876/</link>
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		<dc:creator><![CDATA[The Malta Business Weekly]]></dc:creator>
		<pubDate>Fri, 25 Sep 2026 09:19:29 +0000</pubDate>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Featured]]></category>
		<guid isPermaLink="false">https://maltabusinessweekly.com/?p=30876</guid>

					<description><![CDATA[<p>Survey results will inform Governing Council decision on final design concept A total of 9.96 million people across Europe and beyond shared their views on the future design of euro banknotes by completing the ECB’s public survey. “This amazing number shows how much interest Europeans have in their future banknotes,” said President Christine Lagarde. “With [&#8230;]</p>
<p>The post <a href="https://maltabusinessweekly.com/almost-10-million-people-took-part-in-ecb-survey-on-new-euro-banknotes/30876/">Almost 10 million people took part in ECB survey on new euro banknotes</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Survey results will inform Governing Council decision on final design concept</strong></p>



<p>A total of 9.96 million people across Europe and beyond shared their views on the future design of euro banknotes by completing the ECB’s public survey.</p>



<p>“This amazing number shows how much interest Europeans have in their future banknotes,” said President Christine Lagarde. “With them participating in the redesign process, an important step has been taken in preparing the next series of banknotes.”</p>



<p>2.6% of the euro area population took part in the survey, and interest was strong across all age groups, including younger generations, with two-thirds of responses coming from people under the age of 35. To ensure that the survey results accurately represent the euro area population, data will be analysed using standard statistical methods.</p>



<p>The survey ran between 23 July and 21 September 2026. It sought public opinions on ten shortlisted design proposals based on the themes “European culture” and “Rivers and birds”. A separate survey – run by an independent research company and targeting a representative sample of people in the euro area – was conducted using the same questions and is currently being finalised.</p>



<p>The results of the two surveys, together with the recommendations of the independent Design Contest Jury and a technical assessment, will inform the ECB Governing Council’s decision on the final design concept for the future euro banknotes, which is expected around the end of 2026. The ECB is not publishing the results for individual design proposals at this stage. After the decision, a detailed report on the surveys, including feedback on each proposal and results from different countries, will be published.</p>



<p>Following the Governing Council’s decision on the concept, the chosen design will be adapted and further developed to transform it into actual banknotes. The new banknotes will incorporate enhanced security features and improvements in accessibility and sustainability. The new banknotes should enter circulation gradually from the early 2030s. Euro banknotes currently in circulation will remain valid and continue to circulate alongside the new series.</p><p>The post <a href="https://maltabusinessweekly.com/almost-10-million-people-took-part-in-ecb-survey-on-new-euro-banknotes/30876/">Almost 10 million people took part in ECB survey on new euro banknotes</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></content:encoded>
					
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		<post-id xmlns="com-wordpress:feed-additions:1">30876</post-id>	</item>
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		<title>MFSA and FinanceMalta launch Malta Finance Week 2027</title>
		<link>https://maltabusinessweekly.com/mfsa-and-financemalta-launch-malta-finance-week-2027/30872/</link>
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		<dc:creator><![CDATA[The Malta Business Weekly]]></dc:creator>
		<pubDate>Fri, 25 Sep 2026 09:14:19 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Finance]]></category>
		<guid isPermaLink="false">https://maltabusinessweekly.com/?p=30872</guid>

					<description><![CDATA[<p>The Malta Financial Services Authority (MFSA) and FinanceMalta have jointly launched Malta Finance Week 2027, a new flagship national event for Malta&#8217;s financial services sector. The announcement was made by MFSA Chief Executive Officer Kenneth Farrugia and FinanceMalta Chairman George Vella during the closing remarks of the MFSA’s FinTech 2030 conference at the Xara Lodge, [&#8230;]</p>
<p>The post <a href="https://maltabusinessweekly.com/mfsa-and-financemalta-launch-malta-finance-week-2027/30872/">MFSA and FinanceMalta launch Malta Finance Week 2027</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></description>
										<content:encoded><![CDATA[<p>The Malta Financial Services Authority (MFSA) and FinanceMalta have jointly launched Malta Finance Week 2027, a new flagship national event for Malta&#8217;s financial services sector. The announcement was made by MFSA Chief Executive Officer Kenneth Farrugia and FinanceMalta Chairman George Vella during the closing remarks of the MFSA’s FinTech 2030 conference at the Xara Lodge, Rabat, on Tuesday 22 September.</p>



<p>The inaugural Malta Finance Week will take place from 13 &#8211; 15 October 2027. It will bring together regulators, industry leaders, policymakers, investors, academics and international stakeholders for a week of high-level panels, networking and thought leadership focused on the future of finance.&nbsp;</p>



<p>The landmark event will showcase Malta’s financial services ecosystem and promote the jurisdiction as a credible, innovative and internationally connected financial centre. It will facilitate dialogue on the future of the sector, strengthen collaboration between the public and private sectors, and create opportunities for international engagement.&nbsp;</p>



<p>The programme will be built around six themes: innovation and digital transformation; sustainable finance; capital markets and investment; FinTech and emerging technologies; regulatory excellence and resilience; and international competitiveness.</p>



<p>Malta Finance Week 2027 coincides with FinanceMalta’s 20th anniversary and the MFSA’s 25th anniversary, making the event an opportunity to reflect on the achievements to date while looking towards the next chapter.&nbsp;</p>



<p>Kenneth Farrugia, Chief Executive Officer of the MFSA, said: “We are delighted to be launching Malta Finance Week as the premier platform on which to demonstrate to the world the depth and maturity of Malta’s financial services sector, and to set out our vision for the industry. It will bring together industry, policymakers, regulators and international peers, with meaningful cross-sector dialogue being essential to preparing financial services for the challenges and opportunities ahead. Trust, stability and market integrity remain the foundation of everything we do, and it is precisely on that strong foundation that innovation can flourish responsibly within a robust regulatory framework. We look forward to illustrating this at Malta Finance Week.”&nbsp;</p>



<figure class="wp-block-image size-large"><img data-attachment-id="30874" data-permalink="https://maltabusinessweekly.com/mfsa-and-financemalta-launch-malta-finance-week-2027/30872/george-vella-chairman-financemalta/" data-orig-file="https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?fit=1600%2C1066&amp;ssl=1" data-orig-size="1600,1066" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="George Vella &#8211; Chairman, FinanceMalta" data-image-description="" data-image-caption="" data-medium-file="https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?fit=300%2C200&amp;ssl=1" data-large-file="https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?fit=696%2C464&amp;ssl=1" width="696" height="464" src="https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?resize=696%2C464&#038;ssl=1" alt="" class="wp-image-30874" srcset="https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?resize=1024%2C682&amp;ssl=1 1024w, https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?resize=300%2C200&amp;ssl=1 300w, https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?resize=768%2C512&amp;ssl=1 768w, https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?resize=1536%2C1023&amp;ssl=1 1536w, https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?resize=696%2C464&amp;ssl=1 696w, https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?resize=1068%2C712&amp;ssl=1 1068w, https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?resize=630%2C420&amp;ssl=1 630w, https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?resize=600%2C400&amp;ssl=1 600w, https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?resize=1200%2C800&amp;ssl=1 1200w, https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?w=1600&amp;ssl=1 1600w, https://i2.wp.com/maltabusinessweekly.com/wp-content/uploads/2026/09/George-Vella-Chairman-FinanceMalta.jpeg?w=1392&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1" /></figure>



<p>George Vella, Chairman of FinanceMalta, said:&nbsp;“Malta’s success as an international financial centre has always been built on collaboration across the whole ecosystem, from practitioners and regulators to policymakers and investors. Malta Finance Week will bring that ecosystem together and showcase it to a global audience. The event is an opportunity to show the world what Malta offers, to open doors for investment, and to set the agenda for ensuring the future competitiveness of our flourishing financial services industry.”&nbsp;</p>



<p>Malta Finance Week is intended to become a permanent fixture in the international calendar. By bringing the sector&#8217;s full ecosystem together in one place, it will reinforce the jurisdiction’s reputation for combining innovation with strong regulation and give participants a front-row seat to the opportunities emerging in FinTech, digital assets and sustainable finance. Over time, the event is expected to support long-term growth and international visibility for the sector while providing a lasting platform for thought leadership and industry collaboration.</p>



<p>A short film introducing Malta Finance Week was premiered at the launch and is available <a href="https://vimeo.com/1229456883">here</a>. Further details on the programme, venue, speakers and registration will be announced in the coming months.</p><p>The post <a href="https://maltabusinessweekly.com/mfsa-and-financemalta-launch-malta-finance-week-2027/30872/">MFSA and FinanceMalta launch Malta Finance Week 2027</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></content:encoded>
					
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		<title>New Issue of Fixed Rate Malta Government Stocks – October 2026</title>
		<link>https://maltabusinessweekly.com/new-issue-of-fixed-rate-malta-government-stocks-october-2026/30867/</link>
					<comments>https://maltabusinessweekly.com/new-issue-of-fixed-rate-malta-government-stocks-october-2026/30867/#respond</comments>
		
		<dc:creator><![CDATA[Andre Camilleri]]></dc:creator>
		<pubDate>Fri, 25 Sep 2026 09:01:42 +0000</pubDate>
				<category><![CDATA[Finance]]></category>
		<guid isPermaLink="false">https://maltabusinessweekly.com/?p=30867</guid>

					<description><![CDATA[<p>The Accountant General is hereby announcing the issue of €300,000,000 Malta Government Stock in any one or any combination of the following two stocks: &#160;(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4.30% Malta Government Stock 2037 (II); and &#160;(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4.50% Malta Government Stock 2041 (III) The sum of money to be raised may be increased further by an additional amount of [&#8230;]</p>
<p>The post <a href="https://maltabusinessweekly.com/new-issue-of-fixed-rate-malta-government-stocks-october-2026/30867/">New Issue of Fixed Rate Malta Government Stocks – October 2026</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></description>
										<content:encoded><![CDATA[<p>The Accountant General is hereby announcing the issue of €300,000,000 Malta Government Stock in any one or any combination of the following two stocks:</p>



<p>&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.30% Malta Government Stock 2037 (II); and</p>



<p>&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.50% Malta Government Stock 2041 (III)</p>



<p>The sum of money to be raised may be increased further by an additional amount of up to a maximum of two hundred million Euro (€200,000,000) in the event of oversubscription.</p>



<p>Members of the public who are interested to invest may apply for an amount up to a maximum of four hundred ninety-nine thousand, nine hundred Euro (€499,900) per person in any one or in each of the two stocks on offer. Application forms can be made by one person or jointly with other person or persons.&nbsp;&nbsp;&nbsp; The applications for members of the public open from Monday, 5 October 2026 at 8.30am and close at 2.30pm on Wednesday, 7 October 2026, or earlier at the discretion of the Accountant General.</p>



<p>Applications from wholesale investors in the form of sealed bids (auction) open on Friday, 9 October 2026 at 8.30am and close at 12pm (noon – local time) of the same day, or earlier at the discretion of the Accountant General.</p>



<p>The Accountant General shall be announcing the price for each stock offered for subscription by members of the public on Thursday, 1 October 2026. These prices shall be published through a Press Release by the Department of Information (DOI).</p>



<p>The allotment results of each stock to applicants whose applications are in the form of sealed bids (auction) will be determined and announced two hours after the closing time of the auction.</p>



<p>Retail application forms may be obtained from and lodged at all members of the Malta Stock Exchange and other authorised investment service providers.&nbsp; Application forms may also be downloaded from the Treasury’s website (<a href="https://treasury.gov.mt/en/services/" target="_blank" rel="noreferrer noopener">https://treasury.gov.mt/en/services/</a>) with effect from Friday, 2 October 2026.</p><p>The post <a href="https://maltabusinessweekly.com/new-issue-of-fixed-rate-malta-government-stocks-october-2026/30867/">New Issue of Fixed Rate Malta Government Stocks – October 2026</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></content:encoded>
					
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		<title>RSM Malta partners with ASCS for student career development</title>
		<link>https://maltabusinessweekly.com/rsm-malta-partners-with-ascs-for-student-career-development/30854/</link>
		
		<dc:creator><![CDATA[The Malta Business Weekly]]></dc:creator>
		<pubDate>Wed, 23 Sep 2026 13:48:29 +0000</pubDate>
				<category><![CDATA[Banking]]></category>
		<guid isPermaLink="false">https://maltabusinessweekly.com/?p=30854</guid>

					<description><![CDATA[<p>RSM Malta has entered into a partnership with the Association of Students of Commercial Studies (ASCS), reinforcing its commitment to strengthening links between academia and industry, and supporting students as they prepare for the next stage of their professional journey. Rooted in a shared focus on understanding the needs, ambitions, and challenges faced by students [&#8230;]</p>
<p>The post <a href="https://maltabusinessweekly.com/rsm-malta-partners-with-ascs-for-student-career-development/30854/">RSM Malta partners with ASCS for student career development</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></description>
										<content:encoded><![CDATA[<p>RSM Malta has entered into a partnership with the Association of Students of Commercial Studies (ASCS), reinforcing its commitment to strengthening links between academia and industry, and supporting students as they prepare for the next stage of their professional journey.</p>



<p>Rooted in a shared focus on understanding the needs, ambitions, and challenges faced by students today, the collaboration reflects RSM Malta’s continued focus on engaging with future professionals in a way that is practical, relevant, and human-centred.</p>



<p>ASCS is a non-profit student organisation representing students within the Faculty of Economics, Management and Accountancy (FEMA) at the University of Malta, comprising a community of approximately 2,000 students. Founded in the early 1980s, ASCS emerged from a clear need to provide students with a collective voice during the formative years of the Faculty. While its scope and initiatives have evolved over time, the organisation continues to be guided by its core values of representation, advocacy, and community.</p>



<p>Through this collaboration, RSM Malta will be actively involved across a range of student-focused initiatives aimed at helping students better understand the transition from academic life to the workplace. This includes contributing to engagements that provide practical insight into the realities of the business environment, creating space for open dialogue, and offering students a clearer understanding of the expectations and opportunities within the profession.</p>



<p>The emphasis of the partnership is on direct and meaningful interaction, creating opportunities for students to ask questions, gain perspective, and engage directly with professionals. This extends to career-focused initiatives, internships, and recruitment opportunities, allowing students to connect their academic experience with real-world application.</p>



<p>Commenting on the collaboration, Karen Spiteri Bailey, managing partner at RSM Malta, said: “At RSM Malta, we place strong importance on listening and understanding, whether it is our clients, our people, or the professionals of tomorrow. Through this collaboration with ASCS, we aim to create opportunities for students to engage with the profession in a way that is open, practical, and grounded in real experiences, helping them feel more confident in the decisions they take moving forward.”</p>



<p>Also commenting, Nicole Azzopardi, ASCS president, said: “Our collaboration with RSM Malta allows us to give students greater visibility into the professional world, while creating opportunities that go beyond the classroom. It supports our aim of helping students grow not only academically, but also in how they prepare for their future careers.”</p>



<p>RSM Malta remains committed to initiatives that support education, professional development, and long-term talent growth. Through collaborations such as this, the firm continues to invest in building relationships with students early on, contributing to a stronger, more connected professional community.</p>



<p><em>For more information about RSM Malta visit <a href="http://www.rsm.global/malta">www.rsm.global/malta</a></em></p><p>The post <a href="https://maltabusinessweekly.com/rsm-malta-partners-with-ascs-for-student-career-development/30854/">RSM Malta partners with ASCS for student career development</a> first appeared on <a href="https://maltabusinessweekly.com">The Malta Business Weekly</a>.</p>]]></content:encoded>
					
		
		
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