Malta Today

03 September 2003
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Economic Update

Strong measures will be needed to allay spiralling deficit
- Country living on thin air, says veteran economist
By Matthew Vella
"We are chasing ghosts. We are hoping our gross domestic product will increase when revenue is not coming in, expenditure is rising, and wastage in human resources and other areas is rampant. We are a country living on thin air." READ MORE >>

Groundbreaking buyout, soaring profits leave investors non-phased
- FIMBank emerges triumphant in battle for London Forfaiting
By David Lindsay
Despite having announced that its profits for the first half of this year had leapt more than twice as high as last year’s and after announcing Friday it had emerged triumphant in its battle to acquire the world-leading London Forfaiting Company, Malta’s investing community still appears numb to the enormous growth potential Malta Stock Exchange-listed First International Merchant Bank holds at the moment.

I am not speaking to the press, says Alfred Mifsud
By Kurt Sansone
The Labour Party’s vigilance board decision on Saturday to publicly warn Alfred Mifsud not to continue "harming the Labour Party" in his articles came as a bolt from the blue after the good publicity the party enjoyed from the visit of the European socialists.

Volksbank targets local, Maghreb markets and establishes local commercial presence
Newly appointed Volksbank Malta Managing Director Herbert Skok speaks to DAVID LINDSAY about the bank’s ambitious plans for the local market spurred by its onshore move, for which the bank was granted a licence just last November. Mr Skok’s appointment falls in line with the bank’s new strategic directions given his extensive experience in commercial and international banking

Urging the corporate sector to sponsor volunteer care initiatives
Deputy Prime Minister and Minister for Social Policy Dr Lawrence Gonzi addresses a seminar on ‘Emerging challenges of looking after children in residential care’ organised by the APPOGG agency yesterday. In his address, Dr Gonzi called on the corporate sector to look closely at projects like Home Start and urged corporate support for these programmes.


Malta not invited to Prague, did not seek invitation

Email makes its mark felt on postal service

EU says France may push European deficit over limit

Labour supply rises, unemployment falls













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Editor: Saviour Balzan
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