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Investment drives strong economic growth

Investment was the main contributor to economic growth in 2015, which according to the Malta Country Report 2017 published by the European Commission reached exceptional levels in 2014-15 and was among the highest rates in the EU.

The report assesses Malta’s economy in the light of the European Commission’s Annual Growth Survey published in late 2016, which calls on EU Member States to redouble their efforts on the three elements of the virtuous triangle of economic policy — boosting investment, pursuing structural reforms and ensuring responsible fiscal policies.

New scheme for Energy Audits

Malta Enterprise and the Energy and Water Agency have launched an initiative to assist businesses with an annual electricity consumption in the range of 10,000-75,000KWh to carry out an Energy Audit. This measure will be implemented in collaboration with the General Retailers and Traders Union (GRTU), who will be facilitating the application process. Beneficiaries will be supported to identify solutions for achieving better energy efficiency to reduce operational costs through energy savings.

De La Rue investing further in Malta facility

Security printing company De La Rue will be investing €33 million in its currency printing facility in another step towards the creation of its Centre of Excellence for Identity and Security Print in Malta. As a result of this investment in equipment, factory upgrades and skills, the company is expected to increase its workforce up to 500 from the current 440.

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