Increase in Financial and Insurance Activities in Malta
98% of foreign direct investment in Malta originates from financial and insurance activities
Marked investors’ confidence reflected in foreign direct investment flows
Figures published by NSO shows that inward Foreign Direct Investment (FDI) in Malta increased by €7.0 billion in 2014 following a further increase of €7.4 billion in 2013. This means that over two years, FDI in Malta increased by 14.4 billion.
It is also welcoming the fact that FDI inflows increased in all economic activities, with the financial and insurance activities being the main driver of the increase. Of particular note is the fact that investment in manufacturing registered a marked increase of €38 million in 2014 following a notable increase of €101 million in 2013. This contrasts with a fall of €78 million in 2012.
The Minister for Finance, Edward Scicluna commented that: ‘This strong inflow of FDI is one of the most important indicators of the confidence that foreign investors have in the prospects of our economy. This is the result of Government’s efforts to ensure fiscal sustainability, creating the right macroeconomic conditions while pro-actively seeking investment in new growth sectors.’
As published by: www.financemalta.org