AGP Executive Report
Last update: 6 hours agoEU Solidarity Fund: The European Commission has proposed €489m to help Portugal, Spain, Italy and Malta recover from January–February storms and flooding, with Malta set to receive €3.72m (after an advance of €931,014) for emergency and recovery work. Telecoms Deal: Melita and Epic Communications have agreed to combine operations in Malta, with Melita to buy 100% of Epic—potentially leaving the island with just two mobile network operators. Payments & Regulation: Manchester fintech Ryft has raised £20m (€23m) in a Series B and says it has applied for a full EU payments licence from Malta’s MFSA to passport across the EEA. Business Finance (Insurance): Marco Capital’s Malta-headquartered RITC Syndicate 1254 will replace Coaction Global as reinsurer for R&Q’s Syndicate 1110, as the legacy run-off continues. Aviation Cargo: BermudAir will add a leased Embraer E190F freighter, making it the second operator of the type after Malta’s Bridges Air Cargo. MFSA/Tech & Industry: GlobalFoundries and Marvell expand their multi-year SiGe optical connectivity collaboration, boosting capacity at GF’s Burlington facility. Local Spotlight: Malta’s Daphne Caruana Galizia protests continue after the acquittal of alleged mastermind Yorgen Fenech, with thousands demanding justice and an end to impunity.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.