11 July 2007

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EU Council allows adoption of the euro for Malta in 2008
Gerald Fenech
At an ECOFIN meeting in Brussels, the European Council yesterday decided to allow Cyprus and Malta to adopt the euro as their currency, thus enlarging the euro area to 15 member states, as from 1 January 2008.

Private equity firm acquires Melita Cable plc
GMT Communications Partners (“GMT”), the leading European independent private equity group focused exclusively on the communications sector, has signed an agreement to acquire Melita Cable plc (“Melita”), the leading provider in television, broadband and telephony services in Malta, from Nasdaq listed Liberty Global and the Gasan Group of Companies. READ MORE >>

Tourism players outraged at anchoring of rig in St. Paul’s Bay
Interministerial group has ‘failed miserably’ - MHRA
The decision to anchor a large oil rig in St Paul’s Bay in full view of the shoreline in the peak of the tourist season has provoked outrage amongst the major tourism associations, the Federated Association of Travel and Tourism Agents (FATTA) and the Malta Hotels and Restaurants Association (MHRA).

New Enemalta CEO expected soon
David Spiteri Gingell, currently heading the Malta Council for Science and Technology is shortly to be appointed CEO at Enemalta, Business Today can reveal. READ MORE >>

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