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Playmobil Malta Ltd. investing €30 million in expansion

Playmobil Malta Limited is embarking on a major expansion programme that involves the construction by Malta Industrial Parks Limited of a 16,000 sq.m. extension to the company’s present factory and an investment by the company of around €30 million over a three year period which will eventually lead to the creation of more than 200 new direct jobs.

Malta Enterprise launches Malta's membership in the EMBO EMBL Network

On the occasion of the International Biomedical Laboratory Science Day held on Friday 15th April 2016, Malta Enterprise launched Malta’s membership in the European Molecular Biology Organisation (EMBO) and the European Molecular Biology Laboratory (EMBL) network. The launch was followed by a Scientific Seminar organised by the University of Malta.

Business Women's Mission to Oman

Following an agreement signed last year between Malta Enterprise and Bank Muscat of the Sultanate of Oman, a delegation made up of 12 businesswomen travelled to Oman, to explore joint collaboration between the two countries in the field of entrepreneurial pursuits.  The businesswomen came from the following sectors: education, marine, real estate, information communication technology, waste management, consultancy, home décor and fine arts.

Together with Bank Muscat, Riyada, the Public Authority for SME Development in Oman, also contributed in the preparation of this visit.

Founder of Prominent Group of Companies Passes Away

Professor Viktor Dulger, founder of the German Group of companies Prominent, world leaders in advanced technology for the treatment of water and other fluids, passed away on Tuesday 22nd March 2016 at the age of 81.

The Prominent Group has production sites in Germany, Brazil, China, Czech Republic, France, India, Ireland, Netherlands, Sweden, USA and Malta.

Professor Dulger first visited Malta in 1985 and soon after decided to establish a production facility here. Only a few weeks ago, Prime Minister Dr Joseph Muscat inaugurated a new expansion of Prominent in Bulebel.

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

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