Malta drops 8 places since March – now in 85th place out of 92 cen­tres

The Malta Business Weekly - - FRONT PAGE -

Malta has dropped eight places since March 2017 to 85th out of 92 fi­nan­cial ser­vices cen­tres, in the Z/Yen Global Fi­nan­cial Ser­vices In­dex re­leased on Mon­day.

Malta im­proved its points since March by 15 to 609, but dropped in the rank­ings nev­er­the­less.

There was an over­all drop in con­fi­dence amongst the lead­ing cen­tres. Of the top 25 cen­tres, 23 fell in the rat­ings and only two rose. At the lower end of the ta­ble, 20 of the 25 low­est rated cen­tres ac­tu­ally rose in the GFCI rat­ings, Z/Yen noted.

“Euro­pean ‘is­land’ cen­tres did well. The Bri­tish Crown Depen­den­cies of Jersey, Guernsey, and the Isle of Man all per­formed strongly and there were also strong rises for Malta, Reyk­javik, and Gi­bral­tar.”

Lon­don and New York re­mained in first and sec­ond place, with 780 and 756 points re­spec­tively:

“Western Euro­pean fi­nan­cial cen­tres are still volatile. Frank­furt, Dublin, Paris and Am­s­ter­dam all rose, but Zurich, Geneva, and Lux­em­bourg fell in the rat­ings. Over­all as­sess­ments for the Euro­pean cen­tres con­tin­ued to fluc­tu­ate as peo­ple spec­u­late about which cen­tres might ben­e­fit from Lon­don leav­ing the EU. How­ever, the ma­jor­ity of cen­tres in the re­gion rose with Stock­holm, Copen­hagen, and Vi­enna all show­ing strong rises.”

The in­dex is com­piled us­ing 102 in­stru­men­tal fac­tors, rang­ing from price com­pet­i­tive­ness and busi­ness en­vi­ron­ment, to risk and cor­rup­tion.

Th­ese quan­ti­ta­tive mea­sures are pro­vided by third par­ties in­clud­ing the World Bank, The Econ­o­mist In­tel­li­gence Unit, the OECD, and the United Na­tions. Th­ese were com­bined with fi­nan­cial cen­tre as­sess­ments pro­vided by over 3,000 re­spon­dents to the GFCI on­line ques­tion­naire.

Newspapers in English

Newspapers from Malta

© PressReader. All rights reserved.