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EU Commission President highlights Malta's continued economic success

EU Commission President highlights Malta's continued economic success

During the European-Arab 5+5 Summit that was held on October 5th 2012, José Manuel Barroso, President of the European Commission, lauded the success of the Maltese economy and stated that the island was performing better than most EU member states.

During the 2008-2010 global financial turmoil, Malta was one of two EU emember states to have reduced its fiscal deficit. In 2011 there was an increase in foreign direct investment of €500m, with the majority of growth reported in multinational manufacturers, pharmaceutical and aircraft maintenance service companies, and the financial services industry.

Further information on the European-Arab 5+5 Summit is available from: Chetcuti Cauchi Advocates, Malta Law Firm

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