AGP Executive Report
Last update: 7 hours agoWork Permit Costs: First-time non-EU work permit applicants must pay €250 for a mandatory pre-departure course, adding a new cost for workers and employers. Banking: BOV reported €189.6 million in pre-tax profit for the first nine months and raised its full-year minimum forecast to €230 million. HSBC Malta’s pre-tax profit fell 15% to €69.8 million. Public Finances: Malta’s 2027 deficit is forecast at €724 million, with public debt projected to reach €13.13 billion. Separately, 2025 tax revenue rose by €698.9 million to €7.47 billion, and the tax burden reached 30.3% of GDP. Investment: Positively Languages has opened a school in St Julian’s with more than 25 classrooms, expanding Malta’s education offering. Go’s venture fund has also backed French sports-tech firm Spash.
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