Malta Today
Sunday Circle
Economic Update

24 JULY 2002
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By Saviour Balzan

Eroding trust
Legitimate concerns

Search Malta - Gozo and Comino too!


Malta and the new economy

Government debt up 7.8%, revenue up 3.4%
Government debt outstanding at the end of June had increased by 7.8 per cent according to provisional statistics released by the Central Bank of Malta through the National Statistics Office yesterday. Government debt at the close of this year’s first half had stood at Lm1,049.6 million, up by Lm75.5 million from the Lm974.2 million registered at the end of June last year. READ MORE >>

Eyes wide open on Hili’s Venice investment
The commercial port in Venice, in which Malta Freeport chairman Marin Hili personally has a 50 per cent stake, can hardly be considered to be a threat for the Malta operation based at Birzebbuga. READ MORE >>

VRT testers’ limits being tested
By Mario Schembri Wismayer
The VRT fraternity is up in arms following what would appear to a quantitative misunderstanding over the total number of VRT testing licences to be issued. READ MORE >>
Anton Spiteri INTERVIEW
Anton Spiteri
With the Verdala Mansions opening its doors to residents in May 2003, Ray Abdilla strays from the more controversial aspects of the project as a whole and speaks to AX Holdings Property Consultant Anton Spiteri on the elite project’s sales to date on the works in progress

The challenge of the euro
Earlier this month Central Bank of Malta Governor Michael C. Bonello addressed the Second International Summit organised by The Economist/Caja in Madrid. Mr Bonello presents the euro perspective of a small candidate country.

Money Market 15 - 19 July
- higher outstanding term deposits

GWU pouring oil over troubled waters
The no-contest for the post of deputy secretary general of the General Workers’ Union, vacated by Mario Cutajar earlier this month, is being viewed by outsiders as an attempt to quell the turbulence that has hounded the union for the past few weeks
Moody’s, Fitch reports cast shadow on Maltese banking
Maltese banks remain constrained by an uneasy economic environment, according to Moody's Investors Service’s new Banking System Outlook on Malta issued late last week
AD appeals for consensus on Industrial Relations Bill
Alternattiva Demokratika yesterday appealed for a consensus to be reached on the Industrial Relations Bill so its could be implemented and extend it various rights to workers.
VFM launches La Valette Euro Income Fund
Valletta Fund Management yesterday announced the launch of the La Valette Euro Income Fund, advised by Rothschild Asset Management, which is a new investment opportunity aimed at investors seeking to achieve a reasonable level of income, with the possibility of capital growth, through investment in debt securities which are principally Euro denominated
HSBC and GWU sign new collective agreement
HSBC Bank Malta and the Professionals and Services Section of the General Workers’ Union have signed a new collective agreement for non-clerical categories within the Bank
Integrating with the European Agency for health and safety in the work place
Eight Candidate Countries have teamed up with the European Agency for Safety and Health at Work to launch joint occupational safety and health websites


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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