Malta: Facts & Figures Total area: Capital: Population: Official languages: EU Member: Currency: GDP per capita: Inflation rate(hicp): Unemployment: 316km 2 Valletta 413,000 English and Maltese 2004 Euro (2008) 15,095 2.8%(12-month average) 6.3%
Driven by Vision 2015 A dynamic, high value-added economy founded on competence, skills and excellence and capable of sustaining a high standard of living for its entire people
Vision 2015+ A centre of Excellence in: High Value-Added Manufacturing Healthcare Financial Services Tourism ICT International Education Eco-Gozo
Knowledge-Based Industry Shift from low-cost manufacturing to knowledgebased industries and high-end manufacturing, including: - Precision engineering - Electronic components - Pharmaceuticals - Medical devices - Automotive components - Aviation and maritime engineering services Clean Energy production: Opportunity to become first grid parity country, thanks to highest yearly irradiation incident on PV panels in EU
Aviation Strong growth of aircraft MRO industry Manufacture of aviation components Back office support operations Aircraft register strengthened, to emulate success of maritime registry Flight operations & charter, management, aircraft handling & commercial services Research & innovation on flying vehicles Flight and other training
Healthcare First class facilities available in public/private hospitals and clinics Pharmaceutical production success story: - Generic manufacturers - Medical devices - Healthcare products & services Wide interpretation of Roche-Bolar exemption creates favourable legal framework allowing generic drug development and stock pilingahead of patent expiry
Financial Services Strong and stable growth in financial services industry, with contribution to GDP increasing to 12% Resilient banks did not fail in recession: strong balance sheets and increasing depositor base Malta Financial Services Authority as the single, responsive regulator 58 Double Taxation Agreements, including Germany Tax and legislative stability throughout the years Fullimputation tax system: upondistribution of dividends, tax paid by companies in Malta (35%) qualifies for a credit against shareholders tax liability, generally equal to 6/7ths of the tax paid
Tourism Over 1.3m touristsyearly c. 50,000 from Germany 3m air passengers and 500,000 cruise liner passengers Vast history spanning over 10,000 years Eclectic culture with influencesinherited from foreign rulers of the country Natural beauty and almost year-round sunshine... Climate ranked 1st in International Living survey Medical tourism, with climate ideal for recovery Travel for education, training, and MICE Wide selection of top-range 5* Hotels
ICT and Shared Services Over 300 companies in ICT products/services Excellent ICT infrastructure Connected via 5 submarine cables, satellite and microwave links 95% of territory with broadband connection igaming companies with over 2 billion turnover Call Centre and Back Office Support Operations Training academies for CISCO, HP, Microsoft & Oracle Growing digital media industry
Education & Training Education system based on the British Model Over 85 private, international and public schools Majorcentre for teaching English as a foreign language Ideal base for companies to site regional training centres targeting students from Euro-Med region and beyond Specialised training, such as Health and Safety and Risk Assessment for oil and gas industry
Value-Added Logistics An ideallogistics hub, strategically located on the main trade routes in the Mediterranean Trading, regional storage, transhipment, distribution and marketing for international operations Excellent airandsea links with major locations in Europe, North Africa, Middle East and Asia Operated by CMA CGM, Malta Freeport is the 3rd largest in Mediterranean region, handling 2.3m TEUs annually and boostingits capacity to over 3mTEUs by 2013 Regional hub for oil bunkering facilities,oil andgas logistics
Real Estate From industrial parks to office towersand business estates to a well stock and advantageously priced residential market Commercial property rental: 35 (low end) to 420 (high end) persquare metre per annum Residential property rental: 230 (low end) to 3,400 (high end) monthly Price of residential properties ranges from 100,000 for 2-bedroom apartments to 500,000 for villas
Why Malta? Economic, political and social stability Efficient tax system Availability of highly-skilled human resources Competitive cost structure with low social costs and competitive labour costs Excellent Quality of Life and Safe Environment Attractive Incentives Package
Malta Enterprise Trade and Investment promotion Enterprise Development Assistance for Internationalisation Manage 13 industrial parks, custom-build factories, and allocate space Administration of EU grants for businesses Support collaborative projects and networks, such as EUREKA and EEN Single point of contact for business
Malta and Germany Malta a strategic gateway to Mediterranean markets, Germany to Northern Europe Both economies were resilient to global economic turmoil and were amongst last in, first out of recession Operative Double Taxation agreement Healthy and sustainable economic relations have been developed between both countries German companies invested and prospered in Malta... Over 20 manufacturing firms employing more than 2,700 workers, as well as banking and financial sector, tourism and ICT
Malta and Germany - Trade Germany one of Malta s major trading partners Exports from Malta to Germany 270.1m,while imports from Germany to Malta 287.5m in 2010 Similar trends in 2011, with 127.1m exports and 130.5m imports between January and May Main exports from Malta includetoys, electrical machinery and equipment, pharmaceutical products, as well as clothes and rubber Wide variety of importsfrom Germany, such as aircrafts, electrical machinery and equipment, machinery and mechanical equipment, plastic and vehicles