What is driving Malta’s growth in an otherwise slower continent? - Federico Vasoli

Federico Vasoli of FinanceMalta

Mar 19, 2019

Federico Vasoli, Director, dMTV Europe, Member of FinanceMalta at FinanceMalta discussed factors driving Malta’s growth in an otherwise slower continent.

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1. What is driving Malta’s growth in an otherwise slower continent?

Video transcript

1. What is driving Malta’s growth in an otherwise slower continent?

Malta is a happy island that is growing by a stunning 5.6% every year, year in year GDP growth. This growth is due to a number of factors. It is due to political stability, a very large parliamentary majority for the government, safety, a beautiful climate for investors, and also actual climate. The weather is great. An influx of foreigners. There are a lot of investments from abroad, a lot of workers, a lot of people who come to work and move their families, also for private wealth reasons, but not necessarily so. Technology, Malta is the very first country in the world with a comprehensive legislation on block chains and cryptocurrencies. It has a very fast internet connection. So, public investments in infrastructures, funds, trust, many other factors, but basically logistics I forgot, tourism. A number of factors are [therefore] driving Malta's growth.