AGP Executive Report
Last update: 3 hours agoFinancial Literacy: BOV Foundation is offering €2,000–€15,000 grants for projects that help people manage money, with applications open from November 6 to December 18. Fisheries Investment: New winches are being installed at Marsaskala and other fishing ports to improve safety and efficiency. Inflation: Eurozone inflation rose to 4% in October, driven largely by energy costs; Malta recorded the bloc’s lowest rate, at 2.3%. Economic Policy: Opposition leader Alex Borg called for a 10-year plan to boost productivity and investment in technology, while Malta Employers warned that added employment costs could burden businesses. Public Finances: Budget 2027 plans a €724 million deficit and €13.13 billion in debt. Banking: BOV reported €189.6 million in pre-tax profit for the first nine months of the year, while HSBC Malta posted €69.8 million in profit. Growth Outlook: Moody’s affirmed Malta’s A2 rating with a stable outlook and forecast 4.1% economic growth this year.
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