AGP Executive Report
Last update: 5 hours agoBudget 2027: The government says it will double the tax benefit for working parents, raise pensions by €10 a week and retain energy subsidies. The Malta Chamber of SMEs welcomed stability measures but warned they could add costs for small businesses; business groups also cautioned that changes affecting third-country workers could hurt the economy. Economic outlook: Moody’s affirmed Malta’s A2 rating with a stable outlook, forecasting 4.1% growth this year and 3.7% in 2027. It warned that energy subsidies, expected to cost €400 million next year, weigh on public finances. Banking: BOV reported €189.6 million in pre-tax profit for the first nine months, while HSBC Malta posted €69.8 million. Gambling regulation: Malta has scaled back planned reforms to oversight of foreign-licensed gambling operators after industry pushback, leaving tougher supervision dependent on possible legislative changes.
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