Malta attracts 3.7 bln euros in investment in 2022: PM

Xinhua
27 May 2023, 02:05 GMT+10

VALLETTA, May 26 (Xinhua) -- Malta attracted more than 3.7 billion euros (3.9 billion U.S. dollars) in investment last year, Prime Minister Robert Abela said on Friday.

Addressing a conference launching the National Productivity Report for 2022, Abela said that the economic results were good, and his government will continue to work on renewed principles, with an economic vision for the future.

This will include the transition towards a knowledge-intensive economy, a greener economy, and embracing economic diversification to enhance the country's competitiveness, he said.

While stressing change as key for the country to remain competitive and attract investment, he vowed to further strengthen the quality of life.

"We need to increase productivity, strengthen the economy, and above all provide a better quality of life for families while protecting workers by providing better conditions and an improved income," a statement issued by his office quoted him as saying.

The National Productivity Report for 2022 focuses on investment in research and development, and contained recommendations to strengthen investment. (1 euro = 1.07 U.S. dollar)

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