PM and FinanceMalta address Milan’s Chamber of Commerce

Prime Minister, Joseph Muscat recently addressed officials from the Chamber of Commerce of Milan, Monza and Brianza.

He was accompanied by the Chairman of FinanceMalta, Kenneth Farrugia and the CEO of Malta Enterprise, Mario Galea.

The meeting was also attended by a business delegation based in the Lombardy region, which was given an overview of the business opportunities and Malta’s attractiveness as an investment destination.

Muscat explained that Malta is experiencing one of the best economic performances within the European Union, which is three times higher than the European average. He explained that last year Malta registered a surplus in public finances and a record of people in employment. He also spoke about Malta’s financial services sector which, he said, is flourishing due to the “highly stable political economic environment.”

The Italian business delegation was also addressed by Kenneth Farrugia, who spoke about the financial services industry and the value proposition in the asset management, insurance and private wealth sectors. Farrugia also highlighted the critical success factors that were driving the growth of the industry.

On the other hand, Mario Galea spoke about a number of economic sectors covering the manufacturing, Life Sciences, ICT and aviation sectors as well as developments in the new emerging sectors, including education, maritime services and logistics.