AGP Executive Report
Last update: 8 hours agoEU Budget Fight: Seventeen EU member states, including Malta, have signed a letter urging the EU to protect Cohesion Policy and the CAP from cuts in the 2028–2034 budget, warning reductions would weaken the bloc and undermine support for the European project. Food Prices & Imports: Malta’s commerce minister has challenged abnormal “malta” (sweet orange) prices after reports of Tk 520/kg, ordering action against unjustified hikes and pushing importers to open letters of credit quickly to raise supplies and stabilise the market. Tourism Finance: Malta Tourism Authority finances are under strain, with ministry sources saying projects and marketing investment have been paused as the authority’s results are projected to swing from a €7.4m surplus (2024) to a €24.3m deficit (2026). Eurozone Inflation: Eurostat’s flash estimate puts eurozone inflation at 3.8% in September, up from 3.2%, driven mainly by higher energy costs. Citizenship-for-Cash Trend: Argentina unveiled a “golden passport” scheme offering citizenship for a US$350,000 contribution or US$800,000 in a seven-year bond, aiming to raise dollars for debt payments.
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