28 NOVEMBER 2001
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A no nonsense budget

Search Malta - Gozo and Comino too!

Exorbitant port charges make Malta expensive base
By Kurt Sansone
Industrialists wanting to import or export goods by shipping have to face a complex scenario of mismanagement and inefficiency resulting in exorbitant port charges that make Malta almost three to four times more expensive then other European ports

Parallel importation, block exemption rules rewritten
By David Lindsay
The changes heralded by the amendments to the Competition Act have been widespread, according to the Director General of the Consumer and Competition Division, Marcel Pizzuto. Major changes have presented themselves in the spheres of parallel importation, block exemptions and in placing public undertakings on a level playing field with the private sector.

Retailers optimistic about budgetary changes
By Kurt Sansone
The budget measures to cut red tape for small businesses and the self-employed are a step in the right direction but operators in the sector are hoping that they are the beginning of an ongoing exercise and not an end in themselves

British holiday firm hit hard
Britain's biggest holiday firm, Airtours Plc reported a 57 percent rise in annual operating profits yesterday but warned investors its outlook was uncertain and confirmed it had cut 1,600 jobs since 11 September. Airtours company in Malta, represented by Edrichton Holidays, refused to comment yesterday on whether their own staffing levels had been reduced.


Government revenue, expenditure shortfall up 17%
- Gov’t debt up 14%
As expected, the shortfall between government revenue and expenditure saw an increase of Lm14.6 million, or 17.4 per cent, between January and October this year. The shortfall for the first 10 months of this year - deducting the contribution to the Sinking Fund for local and foreign loans as well as direct repayment of loans – stood at Lm83.5 million, while the shortfall over the same period last year had stood at Lm68.9 million.


Ensuring a fair market place
David Lindsay recently spoke to Marcel Pizzuto, Director General of the Consumer and Competition Division about the Division’s brief of ensuring fair competition, consumer rights and transposing directives within these spheres

Resilience in the face of turbulence
Last Friday Finance Minister John Dalli delivered a keynote address to the Chartered Institute of Bankers’ annual dinner. Mr Dalli speaks of the resilience of the Maltese economy in the face of international turmoil, overviews the implications of last week’s budget on the financial services sector, and explains why GDP growth is really well into the black

Airline seating capacity must be maintained – Refalo
DataStream Malta Web Awards 2001
Viset Plc to develop cruise terminal in four years' time
Basis for successful joint ventures
Kordin Business Incubation Centre welcomes first businesses tomorrow
MHRA holds talk on ‘The Euro and the tourism industry’


The Business Times, Network House, Vjal ir-Rihan San Gwann SGN 07 Tel: (356) 382741-3, 382745-6 | Fax: (356) 385075
Editor: Saviour Balzan
e-mail: [email protected]

Marcel Pizzuto Marcel Pizzuto