Mcast to host European Gaming Institute of Malta

he European Gaming Institute of Malta (EGIM) was officially launched as a joint venture between the Malta Gaming Authority and Mcast.

The aim of the EGIM is to nurture more talent within the gaming sector and the creation of long-term careers by means of educational programmes which will enhance the sustainability and growth of the workforce within the industry.

The MGA will support the development of the educational programmes, but will also enable the transfer of the industry’s knowledge to Mcast.

Streamcast Technologies and Enemalta plc launch €75 million investment in Malta

nemalta and Streamcast Technologies, Inc. signed an agreement to invest up to €75 million in the global data centre market, starting with the development of a secure data hub at one of the Maltese company's underground installations at Marsa.

ALIBABA SEEKS PRESENCE IN MALTA "TO CONTRIBUTE TO ITS TECHNOLOGY PLATFORM"

Yeming Wang, the General Manager of Alibaba Cloud International, said that Alibaba sees Malta’s industry as very unique as the Government is open for business and ready to embrace new innovation. 

ECONOMY IS NOT OVERHEATING, BUT INFRASTRUCTURE NEEDS TO GROW IN LINE – FINANCE MINISTER

With Malta’s economy growing at an impressive rate – a staggering 6.4 per cent compared to eurozone average 2.2 per cent in the second quarter of 2017 – the question is, are we currently experiencing a boom, and how long can this last?

MALTA RANKED AMONG MOST 'TAX AND VISA-FRIENDLY' PLACES TO BUY HOLIDAY HOME IN EUROPE

Malta has been listed among the most tax and visa-friendly places to buy a second home in Europe, according to London business newspaper City A.M.

“Malta has no wealth, inheritance, capital gains or annual property taxes, although foreigners are taxed on income from work sourced in Malta. Foreign nationals can purchase a second home if the value exceeds €107,670 for apartments and €179,400 for houses and stamp duty is also set at five per cent,” the report said.

MALTA CLIMBS AHEAD IN GLOBAL COMPETITIVENESS INDEX

Malta’s competitiveness is on the up, according to the World Economic Forum Global Competitiveness Index 2016-2017.

Malta now ranks 37th out of 137 countries included in this publication, ahead of Italy, Portugal, Slovenia, and Croatia. This represents an improvement on the 40th place attained in the previous release.

This publication assesses each country on 12 main pillars. Malta excelled particularly well in the areas of higher education and training (30th), labour market efficiency (29th), business sophistication (31st), and innovation (38th).

 

Standard & Poor’s maintains Malta’s sovereign credit rating, but raises outlook to positive

Standard & Poor's has maintained Malta's sovereign credit rating at A-, but has raised the outlook to positive from stable.

S&P says that the outlook on Malta was revised to positive on strong growth prospects. They said that the outlook revision reflects their expectation that Malta's economy will continue its strong cyclical expansion‍​.

Fitch upgrades Malta’s credit rating to A+ with a stable outlook

The independent credit rating institution defines one of the main contributors to this upgrade as the ‘fast declining gross general government debt’ which is expected to ‘decrease to 50% of GDP in 2019...supported by strong nominal GDP growth and recurrent primary surpluses.’ Fitch added that it also expects Government-guaranteed liabilities to decline in the coming years.

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