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A United Nations report, published yesterday by the UN Economic Commission for Europe outlining economic prospects for 2005, got its numbers wrong and went totally off the mark when forecasting Malta’s GDP growth figures.
The report, which was given wide international media coverage, estimates Malta’s real GDP growth for 2005 at 4.75 per cent, way above the government’s own estimate of 1.5 per cent...
A government representative has apologised to consumers and assumed responsibility for the scarcity of gas cylinders that hit the country over the past weeks.
“The government is responsible for these circumstances and as a representative of the Maltese government, I apologise to all those Enemalta clients who during the past few days found difficulties in buying gas cylinders. Something went wrong and one cannot attribute responsibility to one single person. But everything possible must be done to avoid a repetition of this situation.”...
The European Union’s regular Eurobarometer survey has found that at least 46 per cent of Maltese citizens expect the economic situation in the country to deteriorate in the next twelve months, confirming that the Maltese are not optimistic about the short-term prospects of economic activity in the country.
The report examines the results of a public opinion survey held in Malta as part of wave 62 of the standard Eurobarometer. The survey was carried out during October 2004. An evaluation of trends in short-term expectations indicates that, in spite of high pessimism on the short-term prospects of the country’s economy, the large majority of Maltese believe that they will be able to maintain or improve their personal financial situation and the quality of their own life...
OPINION
Investment, Industry and Information Technology Minister Austin Gatt speaks at the second annual Management Studies Conference organised by the Institute of Business and Commerce of the Malta College of Arts, Science and Technology themed ‘Our outlook?
Pro-active, competitive, enterprising’ ...
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interview
KARL SCHEMBRI speaks to MaltaTel General Manager Mario Gatt about the Gozo-based telecommunications company’s bid to end Maltacom’s monopoly once and for all by introducing its own fixed line service. The new company has, however, encountered resistance in the form of ‘exorbitant’ interconnection rates and frustration over the lack of interest in the project from the authorities...
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OTHER NEWS
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