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Economic Update

24 APRIL 2002
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Thinking of France and of Europe

By Saviour Balzan

Search Malta - Gozo and Comino too!


Government 2001 expenditure well below budgetary estimate
According to the National Statistics Office’s long-awaited results of government’s financial performance last year, government’s expenditure was found to be well below its budgetary targets and, in fact, accounted for 94.6 per cent of the estimate. READ MORE >>

Unions want parking concessions or else …
Unions are still raising red flags over an issue which may soon turn into a national farce. The MUMN – the union representing nurses – are up in arms over the request that their members will have to pay a parking fee in a car park. READ MORE >>

Dalli stresses confidentiality on fund registration scheme
Finance Minister John Dalli yesterday reiterated that government was not going to divulge any details on the fund registration scheme to respect the confidentiality that was promised to investors when the scheme was launched. READ MORE >>

When six becomes eight
Marika Azzopardi speaks to Joseph Cuschieri - Chief of Operations Manager at the Malta Communications Authority – about the MCA’s long bid to modernise the numbering of Malta’s telephone systems, the results of which are to cemented on 1 May when the new numbering plan becomes effective

The interdependency of competition
Economic Services Minister Josef Bonnici addressed of the Malta-Commonwealth Third Country Training Programme: Training Workshop on Competitiveness Strategies for Small Nations on Monday. Prof. Bonnici dwells on the topics of competition and government efficiency


MIA privatisation expected to come to a close
It is expected that the Government will be announcing its conclusions on the privatisation programme for the Malta International Airport sooner rather than later
FIMBank becomes world leader in ship scrapping
First International Merchant Bank Chairman Najeeb Al-Saleh announced at the company’s recent annual general meeting that the Malta-based bank last year had become the world’s leading bank in the specialised ship scrapping industry
Home owners set to benefit from HSBC's home credit
HSBC Bank Malta p.l.c. has launched a new lending product called Home Credit
Mosta Technopark thriving under self- management
At the official inauguration of the new CCTV Security system at the Mosta Technopark, the Minister for Economic Services, Prof. Josef Bonnici said that the tenants’ association at the Technopark can look back and sense the difference attained by all through self-management
Complettion of repairs on oil rig ‘Actinia’
The Transocean Sedco Forex semi-submersible oilrig "Actinia" has sailed from Malta Drydocks on completion of repairs
Investment losses considered in bonus declared by Middle Sea Valletta Life
“In deciding this year’s bonus declaration, as in previous years, the Board of Middle Sea Valletta Life Assurance had to consider the impact of unrealised investment losses on the Life Fund
Female employment rises 1.93% over 2001
The Economic Policy Division within the Economic Services Ministry reports that over last year the country’s labour supply, including both the full-time employed and the registered unemployed, rose by 913 (0.63%)
Hi-tech firm celebrates first anniversary
This week Economic Services Minister Josef Bonnici paid a visit to FAL Malta Ltd. on the occasion of the first anniversary of the company’s presence in Malta
Hotel San Antonio Lm2 million bond subscriptions open tomorrow
Hotel San Antonio has announced the issue of 20,000 bonds of Lm100 each. The bonds carry an interest rate of 7.5%, with interest payable semi-annually and hold a maturity date of May 2012
Cisco Systems to appoint Melita Cable official regional demo site
As part of the recent agreement to appoint Melita Cable Data Services as a member of the Cisco Powered Network, Cisco Systems has selected Melita Cable Data Services as their official demonstration site for Cisco MPLS (Multi Protocol Label Switching) VPNs (Virtual Private Networks) for the region


Copyright © Network Publications, Malta.
Editor: Saviour Balzan
The Business Times, Network House, Vjal ir-Rihan San Gwann SGN 07, Malta, Europe
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