Malta’s international investment position improves
May 31st, 2010 | By maltainc | Category: Foreign Investment, Top StoryMalta’s net international investment position (IIP) increased to €769.5 million last year, as a drop in foreign assets was offset by an even greater decrease in foreign liabilities.
National Statistics Office figures show that over the last year, Malta’s foreign assets dropped by €1.36 billion to €35.85 billion. This decrease is mainly due to the net repayment and exchange difference of loans, which amounted to €4.28 billion. However, this was partly offset by a €2.25 billion increase in the value of long-term portfolio investment assets, and a €272.5 million increase in foreign direct investment (FDI) abroad.
At the same time, liabilities dropped by €2.08 billion to €35.08 billion, resulting in a €718.2 million improvement in Malta’s IIP last year. The drop in liabilities was mainly due to a €1.94 billion decrease in loan liabilities. FDI in Malta advanced by €625.3 million during the period.
Official reserve assets increased by €105.5 million during 2009, amounting to €373.7 million at year end.
extracted from The Business & Finance Section at di-ve.com