AGP Executive Report
Last update: 9 hours agoEU Business Rules: The Commission’s 2027 programme targets simpler rules and fewer barriers for companies operating across the Single Market, a potential boost for Malta’s SMEs. Hospitality: A Central Bank study puts hourly pay at €8.90 in 2024, against €16.70 across the euro area; the sector employed 32,473 people in 2025, 58% of them foreign nationals. Retail: Maltese group Hudson Holdings is bringing H&M to Sliema after first opening two stores for the Swedish retailer in Morocco. Digital Infrastructure: BMIT has completed a €6.9 million purchase of long-term capacity on the Arsinoe submarine cable, its first investment outside Malta; the deal is already generating revenue. Investment: Malta’s Invest Scheme has received 200 applications representing €1.5 billion in potential investment. Business Expansion: CPHCL and IHI have combined four catering, bakery and coffee businesses under Palace Catering & Bakery, with plans to invest and explore overseas opportunities. Labour and Migration: A proposed increase in family-reunification permit fees from €50 to €800 per person has drawn criticism over its impact on migrant workers. Tourism: Malta International Airport handled more than one million passengers in October.
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