Prime Minister Joseph Muscat spoke about how well the Maltese economy was doing, registering a growth rate four times the Eurozone average, while addressing a Henley & Partners seminar in Istanbul, Turkey. Dr Muscat said despite the positive results, Malta would remain ambitious and strive to strengthen its economy through innovation.

The Prime Minister said Malta’s economic growth rate in the latest quarter was 5.2%. This was among the highest rates ever registered by the country. At the same time the unemployment rate was among the lowest in history and the second lowest in the EU.

The citizenship by investment programme should be viewed within this context, he said. Through this programme Malta was seeking to expand its international networks, attract talent and incentivise synergies.

Malta, he said, believes that innovation is the key to success.