Malta need a fresh industrial policy, one that brings AI into the picture, European Parliament President Roberta Metsola said.

She discussed how it can be made easier for Maltese businesses to thrive. "My optimism is grounded in the talent and tenacity of our people. If we equip them with the tools and opportunities they deserve, there is no limit to what Malta can achieve," said Metsola.

Speaking at the Malta Institute of Accountants Biennial Conference 2025, Metsola delivered a call to action for Malta to modernise its economic model to remain competitive in a rapidly evolving global landscape. In the speech entitled, "Securing Malta's Future: Fulfilling our Potential," President Metsola stressed the urgency of embracing digitalisation, streamlining bureaucracy, and investing in strategic infrastructure. 

Metsola described her economic outlook as one of "realistic optimism," acknowledging current challenges but affirming Malta's capacity to lead with the right mindset and policy direction. "We cannot keep shying away from what feels uncomfortable or unorthodox, and then be surprised when we miss out on the very opportunities that could move us forward," she said, referencing technological shifts like artificial intelligence. 

A major focus of her address was the innovation gap between Europe and global competitors, especially in productivity and digital integration. Metsola urged Malta to position itself not merely as a follower, but as a frontrunner in attracting smart investment that benefits all business levels, from multinational firms to small enterprises. 

"We need a fresh industrial policy-one that brings AI into the picture and focuses on the skills people actually need today, " she emphasized. Turning to structural inefficiencies, Metsola voiced concern over delays caused by governmental red tape, which she described as a persistent obstacle for local entrepreneurs. 

Highlighting that over one-third of SMEs spend more than 10% of their staff resources on regulatory compliance, she called for radical simplification of legislative processes. "Our best days lie ahead, but only if we cut unnecessary bureaucracy and make it easier for ideas to turn into action." She also underscored the importance of connectivity and infrastructure-both digital and physical-as cornerstones of economic growth.