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News

Strong GDP Performance

The latest Gross Domestic Product News Release for 2015 published by National Statistics Office show very encouraging results. In real terms the economy grew at the rate of 6.3%. This is one of, if not the highest real GDP growth rate recorded in the EU28 during 2015 (as a number of countries still need to publish their results).

Gross value added generated by the Maltese economy in 2015 amounted €7.7 billion. This represents an increase of €626.3 million(+8.9%) on 2014 levels.

National Employee Skills Gap Survey Launched

The National Commission for Further and Higher Education (NCFHE) in partnership with the Employment and Training Corporation (ETC) and Malta Enterprise (ME) has launched an Employee Skills Gap Survey. The objective is to gauge the extent of the existing skills gap and to provide policy makers with the information necessary to identify the potential shortcomings of the Maltese labour market that could be hindering companies from finding employees with adequate skills.

Malta Enterprise assisting high value added start ups through private equity and crowd funding

Malta Enterprise is launching aStart-up Finance scheme.  The measure was announced in the 2016 Budget speech andaims to assist the development and growth of small start-ups in their early stages of development through repayable assistance.  Companies mainly engaged in manufacturing, information technology, research & development, biotechnology, pharmaceuticals and life sciences can benefit from the scheme.

Gozo Information Session

Malta Enterprise will be organising an information session on the Gozo Transport Scheme and Micro Invest.

The Gozo Transport Scheme supports manufacturing undertakings operating from Gozo by reducing the additional inter-island transport cost incurred for transporting materials, goods and finished products between Malta and Gozo.  This assistance serves to reduce the cost-disadvantages for manufacturers based in Gozo, rendering these businesses in a better position to compete effectively within the single market.

Malta Robust Growth Outlook

The Winter 2016 Economic Forecast just published (February 2016) by the European Commission confirms Malta’s economy had a robust growth. It projects that real GDP growth in 2016 will be 3.9%. This figure ranks Malta with the third highest growth rate from all EU28. Furthermore, this solid growth is envisaged to be prolonged over the next years. For 2017, real GDP growth in Malta is projected to be 3.4% compared to 2.0% and 1.9% for the EU28 and EA19.

Full report on Malta’s economy and the EU overview can be found in the attached documents

Towards Personalised Medicine: iCarbonX chooses Malta as the first international base

iCarbonX has chosen Malta as the first international base of a project aimed at developing an artificial intelligence platform to facilitate research related to the treatment of diseases, preventive care and precision nutrition. This approach is considered as an essential element to enable the future development of personalized medicine.

Minister Chris Cardona and Malta Enterprise Chairman visit local companies

Minister Chris Cardona, accompanied by Dr. Mario Vella Executive Chairman of Malta Enterprise and Mr Cain Grech, Manager Policy and Administration at Business First visited Idroplast Ltd. and D-Square Ltd., two companies that in the last two years have been successful and benefited from assistance offered by Malta Enterprise and Business First.

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