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    • Malta Attracting New and Important Foreign Investments

    • The Government of Malta is expected to announce two new "high value-added investments" in the coming weeks, Finance Minister Tonio Fenech said yesterday.

      He said work was under way for a New Zealand company to start producing energy-saving bulbs in Gozo and that an Israeli company was about to open a payment gateway and an accompanying call centre in Malta, with an expected annual turnover of € 40 million.

      He said Malta Enterprise was in meetings with a number of investors, such as Arrow Pharma, which, he said, would increase its investment and double its workforce to 400 in the next two years.

      Investment was up to € 800 million last year, 46 per cent over the previous year, he noted.

      September 2011