Archive for June 2009

SmartCity wins Best Investment in Europe award

Jun 26th, 2009 | By maltainc | Category: SmartCity

SmartCity has received the Best Investment Award in Europe for its $300m investment for the development of SmartCity Malta. The award was presented during the World Investment Conference held recently at La Baule, France.
The award for the largest foreign direct investment in Malta was received by Jawad Suleiman, SmartCity’s executive director of Project Development and [...]



6-star hotel for Comino

Jun 26th, 2009 | By maltainc | Category: Tourism industry

Plans are currently being drafted for Malta’s first six-star hotel which will be situated on the island of Comino, The Malta Business Weekly has learnt. The luxury resort will include a hotel and spa in the San Niklaw bay and the intention is that the new development will replace the existing structures that currently constitute [...]



FIMBank eyeing Russia, Brazil and India for factoring expansion

Jun 26th, 2009 | By maltainc | Category: Trade Finance

FIMBank, the Malta-based trade finance bank, with a global network spanning across Europe, Africa, Asia and the Americas, is currently in discussion with companies in Brazil, Russia and India with the aim of expanding its factoring operations, The Malta Business Weekly has learnt.
Contacted yesterday, FIMBank’s senior vice-president and head of Corporate and Institutional Banking, Nassif [...]



Competitive Malta joins the Stockholm Network

Jun 26th, 2009 | By maltainc | Category: Economics

Competitive Malta, the foundation for national competitiveness, has joined the Stockholm Network, a one-stop-shop for organisations seeking to work with European policymakers and thinkers.
Adrian Said, the chief coordinator of Competitive Malta, said that through its participation in the Stockholm Network, the foundation will be cooperating with other organisations forming part of the network including the [...]



EU contends US Internet gambling laws create ‘adverse trade effects’ for Malta

Jun 23rd, 2009 | By maltainc | Category: Internet gambling

When arguing its case against the United States’ Internet gambling laws with the World Trade Organisation, the European Commission highlighted the example of Malta as a case in point demonstrating the ‘adverse trade effects’, within the syntax of the Trade Barriers Regulation, the situation is having on the Maltese economy.
In its report on US laws [...]



An EU-Canada Trade and Economic Agreement will spur economic recovery

Jun 21st, 2009 | By maltainc | Category: Trade Finance, Trade and trade fairs

Statement by Baroness Ashton, EU  Commissioner for Trade
At a time when concerns about protectionism dominate the trade agenda, it is vital that major economies hit by the economic crisis talk about opening up their markets. This week in Montreal, the EU and Canada will begin negotiations for a comprehensive trade and economic agreement. This agreement will [...]