AGP Executive Report
Last update: 6 hours agoRetail: PG Group, which operates PAVI and PAMA, raised directors’ variable pay by 21.2% to €248,462 even as operating profit fell 5% in the year to April. CEO Malcolm Camilleri received €153,846 in variable remuneration. Tourism: WTTC’s Valletta summit set an ambition to support one million tourism SMEs, with research estimating a 10% productivity gain could add $63 billion to the sector’s GDP across eight major economies. Its report forecasts European tourism growth of 3.1% in 2026, ahead of the wider economy’s 1.1%. Malta welcomed more than four million tourists in 2025, generating over €3.9 billion in spending; Prime Minister Robert Abela said future growth should improve residents’ lives, not just visitor numbers. Mobility and Skills: VFS Global and the Maltese government agreed to deepen cooperation on mobility, citizen services and skills development, expanding a partnership that has lasted nearly two decades.
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