The Houston Intercontinental Chamber of Commerce (HICC) and Malta Enterprise have signed a Memorandum of Understanding in which they agreed to attract investment from the United States to Malta and to support Maltese firms wanting to do business in the US.
Malta’s trade with the Commonwealth countries rose to a total of €1.2 billion euro in 2013, an increase of €0.7 million from the 2012 level.
Malta Enterprise has launched a revised Get Qualified scheme by means of which students undertaking courses in specific industries or areas of study may get part of the costs back as a tax credit.
Malta Enterprise has launched two new programmes for export. These programmes will yield 485,000 euro of assistance to industry to export locally manufactured products. The programmes cater for industries that are new to export as well as to those that wish to expand their current export market.
Business First is offering a number of new services aimed at helping businesses and boosting their potential to succeed.
In keeping with the commitment to deliver a large number of services for businesses under one roof, the one-stop-shop facility is being strengthened with the presence of officers from the VAT Department at Business First.
Baxter will be creating 190 new jobs at its plant in Malta as a result of the company’s latest investment.
German company IBG Automation GmbH will be setting up part of its operations in Malta, thereby strenghtening even further the presence of German investment in Malta.
A total of 132 projects were approved by the Malta Enterprise Board of Directors in 2013. This is a record number of projects approved in a single year.
Between them, these projects mean investment of €166.3 million and over 2,600 new jobs within the coming three years.
Malta Enterprise and the Malta College of Arts Science and Technology (MCAST) have signed a Memorandum of Understanding intended to provide students with easier access to the entrepreneurial world and provide an eco-safe framework for innovative ideas to thrive.
Malta’s Foreign Direct Investment (FDI) inflows for the first half of 2013 turned positive, statistics published by the National Statistics Office show.
The positive increase in FDI inflows was mainly the result of an increase in foreign owned equity capital, which increased by €79 million in the first half of 2013.