The Malta Independent 3 May 2025, Saturday
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Prime Minister emphasizes Malta’s economic priorities in meeting with BusinessEurope President

Monday, 24 March 2025, 16:51 Last update: about 2 months ago

During a meeting at Auberge de Castille with the President of BusinessEurope, Fredrik Persson, Prime Minister Robert Abela discussed the digital and environmental transitions, which are important to economic transformation, and also stressed the importance of taking full advantage of the Single Market, a government statement read,

In this meeting with the European business confederation, which was also attended by the Malta Chamber of Commerce, Prime Minister Abela highlighted Malta's economic success, "which is the result of important government measures to incentivise, which has left more people to enter the workforce and contribute to the economy. This is in addition to the government's efforts in maintaining stability in energy prices and reducing the tax burden."

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"As part of the digital transition, the Prime Minister noted that a report by the International Monetary Fund (IMF) states that 30% of low-skilled jobs-most of which are held by foreign workers-could be eliminated due to artificial intelligence. He said that alongside the shift towards better use of technology, there must be increased investment in training and skills development to ensure that the best opportunities and careers continue to be taken by Maltese. 

Regarding the environmental transition, Prime Minister Abela said that Europe as a whole must invest more in renewable energy and reduce dependence on purchasing energy from non-EU countries. He noted that this shift could create opportunities for European businesses and to again make Europe more attractive for foreign direct investment. 

On the Single Market, the Prime Minister reiterated his position from the last European Council meeting, saying that all Member States should benefit equally from its advantages. He cited the pharmaceutical sector as an example, where countries like Malta face discrimination due to insularity and market size. He stressed the need to strengthen competitiveness while ensuring that consumers continue to receive the highest quality service.

Also present at the meeting in Castille were Deputy Prime Minister Ian Borg, Ministers Silvio Schembri, Miriam Dalli, and Clyde Caruana, as well as the Head of Secretariat within the Office of the Prime Minister, Mark Mallia.


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