The Malta Stock Exchange (MSE) is working on a product that allows small and medium-sized enterprises (SME) to access capital markets. The project is supposed to obtain all approvals and to be launched this year. At this moment, SME can access capital markets through the Main Market and the Alternative Companies List, but the MSE presents this product as a more flexible and less expensive one. The product will be suitable for issuing companies by maintaining transparency and good corporate governance at the same time.
The Malta Chamber of Commerce, Enterprise and Industry will attend the Annual Investment Meeting (AIM) in Dubai, between the 30th of March and the 1st of April 2015. Previous to its attending, the Maltese Chamber of Commerce signed an agreement with the Dubai Chamber of Commerce and Industry that resulted in a strategic partnership. The AIM is one the world’s most significant conferences on foreign direct investment (FDI). With over 11,000 participants and 60 countries, the AIM addresses both foreign companies and individuals interested in investing in high-growth regions.
The Minister for Economy, Investment and Small Business and the Parliamentary Secretary for Gaming got together for the announcement of the Malta Digital Games Association (MDGA) launch. The Malta Digital Games Association comes to complete regulating authorities in one of the largest and important industries in Malta. The MDGA was created to aid in the promotion of cooperation between the largest Maltese companies conducting business operations in the digital games industry. The MDGA also wants to educate public about digital games and attract more foreign investors in this sector.
According to the National Statistics Office’s (NSO) report, Malta had its second lowest yearly inflation rate. The inflation rate in 2014 was 0.8%, while the lowest inflation rate Malta has had, during the last 10 years, was in 2007 when it was 0.7%. Compared to the average annual inflation rate, that was 2.8%, this rate is three times lower.
Malta was ranked as the second country in the world for the quality of attracted foreign direct investment (FDI), according to the IBM Global Location Trends Report issued at the end of 2014. The IBM Global Location Trends Reports is based on the FDI projects approved during 2013.
The Maltese government established a new foundation that will provide support services regarding “responsible gaming”. The Responsible Gaming Foundation will support research and conduct awareness campaigns with respect to gaming in Malta. It is a well-known fact that gaming is a very powerful industry in Malta, so the Responsible Gaming Foundation was designed to fund projects that offer alternative activities to gaming.
According to the EU’s statistical office, Eurostat, Malta’s average wage increased by 2.1% during a period the inflation rate was 0.4%. During the third quarter of 2014 the average wage in Malta was the faster to increase among all other EU member states. Maltese workforce’s average age was 1.4% higher during the third quarter. The increase was also the fifth highest in the European Union.
A new survey conducted by the European Commission reveals that Maltese citizens have an optimistic view on their financial situation, an overall sentiment that extends to the perception of the economic situation of most Maltese businesses. According to the survey, the improvement could continue in the upcoming months. The Maltese National Statistics Office confirms this positive trend.