International magazine FIRST to feature Malta, PM hails country ‘ideal strategic partner’

Malta will feature in the FIRST report - an organisation aimed at enhancing communication between leaders in industry finance and government worldwide and to promote strategic dialogue. As an organisation, FIRST focuses on business strategy and government policy making.

Prime Minister Lawrence Gonzi, who is in London for the launch of the report, said the report showcased the different facets of Malta, particularly relating to its investment attractiveness and its geographical position acting as a bridge between the two continents of either side of the Mediterranean.

"In the European and euro area context, it is true that Malta's economic performance is positive.  A small open island economy, Malta has defied economic theory and has managed to weather the brunt of the economic and financial crisis that has engulfed Europe," Gonzi said, addressing his audience at the Corinthia Hotel in London.

He said that Malta was amongst the best performing European Union member states, with growth rates surpassing both European and euro area averages being translated in job creation. 

Malta, he said, has the fifth lowest unemployment and the third fastest employment growth rate.  On the fiscal front, Malta remains committed to further reducing its deficit and bringing it below the 3% threshold this year.

Gonzi said British companies believed in Malta's credentials and potential and Malta had consistently offered to British and global companies a home away from home. 

"Throughout the years we have always provided such companies talented and competent human resources, assisting them to boost their competitiveness and innovation in the global market.  My Government welcomes the increased British economic activity in Malta in a number of sectors," he added.

Gonzi said that Malta had the potential to act not only as a political bridge to North Africa but also as a hub for economic activity in the region.

"As the democratic transformation continues to unfold and gain ground in the North African region, Malta continues to act as a key player in the stability of the Mediterranean region," he said, referring to the 5plus5 Summit recently held in Malta.