Real Estate & Property Investment News in Malta from Propertyshowrooms.com

Updated: Air Malta to operate charters to Warsaw in summer

Mon, 26 Jan 2009 00:00:00 GMT

Adds President's comments Air Malta is to start charter flights between Malta and Warsaw in the summer, Foreign Minister Tonio Borg said this afternoon. He was speaking in Warsaw, where he is accompanying President Eddie Fenech Adami on a state...

Private sector urged to use EU funds for tourism

Thu, 22 Jan 2009 00:00:00 GMT

Tourism businesses should take advantage of EU funds and tap into them to realise innovative projects that would ensure sustainable tourism, Parliamentary Secretary for Tourism Mario de Marco said this morning. He was speaking during the opening...

Malta Attracts Record Cruise Ship Passengers

Fri, 16 Jan 2009 00:00:00 GMT

The Mediterranean island of Malta has recently achieved a very impressive milestone - 500,000 cruise ship passengers in one year. Many families choose to enjoy their holidays at sea with their...

2.2% increase in sea transport between Malta and Gozo

Mon, 12 Jan 2009 00:00:00 GMT

Sea transport between Malta and Gozo increased by 2.2 per cent in the last quarter of 2008, when compared to the same period of 2007, the National Statistics Office said. In the fourth quarter of 2008, commuters between Malta and Gozo increased by 803,131 when compared to the same period in 2007. Moreover, the number of vehicles...

CEO to lead harbour regeneration

Mon, 12 Jan 2009 00:00:00 GMT

Chris Paris has been appointed Chief Executive Officer of Grand Harbour Regeneration Corporation plc, the Infrastructure Ministry announced this morning. The GHRC is responsible for the execution of the government’s vision for the regeneration...

Malta-Newcastle EasyJet flight welcomed in the UK

Mon, 12 Jan 2009 00:00:00 GMT

EasyJet’s announcement of a new flight between Newcastle and Malta as from April has been welcomed in the UK, The Chronicle Live reported. The service will run twice a week, with one-way tickets costing just £26.99. Newcastle International Airport chief executive Dave Laws was reported as saying that EasyJet’s decision to add Malta to its list...

EU leaders back Irish deal

Fri, 12 Dec 2008 00:00:00 GMT

Ireland won key assurances from European Union states today to allow it to stage a second referendum next year on the Lisbon reform treaty, rejected by its voters in June, Poland's foreign minister said. "The European Council has completed work...

€10m grant scheme for tourism projects by enterprises

Fri, 12 Dec 2008 00:00:00 GMT

A €10 million grant scheme was officially launched by Mario de Marco, parliamentary secretary for Tourism, in support of sustainable tourism projects by enterprises. This will be co-financed through the European Regional Development Fund which forms part of the EU’s Structural Funds 2007-2013 which Malta is benefiting from. The first call for projects will be issued...

Tourism in Malta put in the limelight in Berlin

Tue, 2 Dec 2008 00:00:00 GMT

The Embassy of Malta in Berlin together with Air Malta as main sponsor, succeeded in putting Malta in the focus of an annual gathering of the Association of Press Attaches in Berlin which took place on the 28th November at the so-called ‘Embassy of Berlin’ club situated at the seat of the Chamber of Commerce...

EU executive to propose VAT cuts to boost economy

Tue, 25 Nov 2008 00:00:00 GMT

The European Commission will tomorrow propose measures to stimulate the recession-hit European economy including value-added tax cuts and a call for lower ECB interest rates, according to a draft document. The draft proposal, seen by Reuters...

Embassy attracts German tourists

Tue, 25 Nov 2008 00:00:00 GMT

A group of German senior citizens is to visit Malta in February after the Maltese embassy in Berlin held a Malta promotional evening for the Ecumenical Women’s Centre Eva’s Ark. The evening was in line with activities to promote tourism...

Malta prepares for tough tourism year

Fri, 21 Nov 2008 00:00:00 GMT

The Parliamentary Secretary for Tourism, Mario de Marco, in a frank speech to hoteliers this morning outlined the problems facing tourism and the actions which need to be taken for the industry to at least maintain this year’s arrivals figures...

More cruise passengers visiting Malta

Fri, 21 Nov 2008 00:00:00 GMT

Cruise passenger traffic in October increased by 14,535 passengers over the same month last year, the National Statistics Office (NSO) said. It said that the total number of passengers during the month amounted to 72,721. The NSO said that...

Housing Authority properties at 20% discount

Fri, 21 Nov 2008 00:00:00 GMT

The Housing Authority this morning put 152 properties on the market to sell at a discount for social housing. The properties, in Birkirkara, Kirkop, Marsaxlokk, Mellieha, Mgarr, Mriehel, Mtarfa, Naxxar, Pembroke, Qawra, Tarxien, Zebbug,...

Ryanair’s reply “not good enough”

Wed, 12 Nov 2008 00:00:00 GMT

Ryanair’s statement that it has stopped charging departure tax for flights booked after November 1 was not good enough, MEP Simon Busuttil said today. In a statement, he said that for some reason, Ryanair had failed to confirm that it had not...

Vodafone foundation supporting Festival Mediterranea

Tue, 21 Oct 2008 00:00:00 GMT

The Vodafone Malta Foundation is once again supporting the seventh edition of Festival Mediterranea which will be held between the 20th October and the 22nd November 2008 in Gozo. The highlight of this festival will be Giacomo Puccini’s opera Turandot which will be staged at the Astra Theatre on Thursday 23rd and Saturday 25th October...

Warnings issued to Paceville establishments

Thu, 16 Oct 2008 00:00:00 GMT

On Wednesday evening, letters warning establishment owners in Paceville to remove tables and chairs occupying pavements in breach of encroachment permits were issued by the Government Property Division. Those owners who do not regularize their position within 48 hours are being threatened with enforcement actions which in similar exercises conducted in Xlendi, Marsascala and other locations...

Air Malta Re-brands Airport Office

Thu, 16 Oct 2008 00:00:00 GMT

Air Malta is currently finalising the re-branding of its Sales Office in the Departure’s Lounge at Malta International Airport. The new state-of-the-art office is expected to provide better facilities to customers and staff. The office will be opened in the beginning of November and will be remain open 24 hours a day, seven days a...

Video: Melita invests in €10m submarine cable to Sicily

Tue, 23 Sep 2008 00:00:00 GMT

Melita is investing €10 million on a new state-of-the-art submarine fibre-optic cable between Malta and Sicily. The cable is due to be commissioned within a year. The investment was welcomed this morning by IT Minister Austin Gatt , who said...

FIMBank to move into ‘The Exchange’

Tue, 23 Sep 2008 00:00:00 GMT

FIMBank p.l.c. will be the first financial institution to move into ‘The Exchange’ – the recently launched Financial and Business Centre forming part of the Pender Ville development based in St Julians.

FIMBank will be relocating its global head office to a block of 8,000 square metres of office and commercial space within the business centre by the end of 2011...

Decrease in cruise liner passengers in August

Mon, 22 Sep 2008 00:00:00 GMT

In August 2008, cruise passenger traffic in Malta comprised 76,646 persons, a decrease of 4.4% over the comparative month in 2007 according to estimates published by the National Statistics Office on Monday.

On the other hand, between January and August, total cruise passenger traffic in Malta amounted to 346,750, an increase of 14.4 %over the same period last year...

Maltese Islands mark 44 years of Independence

Mon, 22 Sep 2008 00:00:00 GMT

Malta is on Sunday celebrating 44 years of Independence. After years of colonial occupation by various nations, the Maltese Islands were finally granted independence by the British government in 1964. The Maltese Islands celebrate their Independence Day every 21st September.

A number of activities and festivities mark the 21st of September, which is a national holiday...

Lehman Brothers bankruptcy impacts locally

Tue, 16 Sep 2008 00:00:00 GMT

The USA’s fourth largest investment bank, Lehman Brothers filed for bankruptcy on Monday bringing chaos in international markets.

Lehman Brothers had been appointed by the Maltese government as financial advisors for the privatisation of Maltacom a few years ago. Meanwhile BOV said on Monday that it expected a modest impact from the collapse of Lehman Brothers...

Airport passenger movements up, despite 10% drop on UK routes

Thu, 11 Sep 2008 00:00:00 GMT

Airport passenger movements on scheduled and non-scheduled flights during August increased marginally when compared to the same month last year, MIA said today. Total passenger movements in August reached 390,566, an increase of 2,324, or...

Exports drop by €119.7 million in seven months

Wed, 10 Sep 2008 00:00:00 GMT

The visible trade gap widened by €0.9 million in July 2008 when compared to July 2007, the NSO said today. During the first seven months of this year the visible trade gap widened by €57.7 million, to stand at €802.1 million following a...

EU confirms Malta's leading ICT ranking

Tue, 9 Sep 2008 00:00:00 GMT

The European Commission has confirmed Malta's high ICT ranking, recognising it again this year as "well advanced in information society, with many benchmarking indicators significantly above the EU average", the IT Ministry said. In its i2010...