€1.50
Maltese financial services
sector registers 9.5% growth
PAGE 3
INTERVIEW
PAGES 10 & 11
NSO statistics show property
prices up 6.5% in Q1 2019
when compared to Q1 2018
... but prices fell in comparison to
last nine months of 2018
Thomas Kochs,
Corinthia London
MD, on the brand's
UK success
PAGE 3 PAGE 2
THURSDAY 11 JULY 2019 • ISSUE 16
WWW.BUSINESSTODAY.COM.MT
Contractors'
registry is
first step in
industry's
regularisation,
lobby says
MATTHEW VELLA
THE Maltese fi nancial services
sector continued to register sig-
nifi cant growth rates in recent
years, with a growth of 9.5% in
2018 over the previous year
In its annual report, the Mal-
tese fi nancial regulator said that
despite a challenging and highly
competitive environment, the
MFSA registered a further 144
new entities, as more business-
es sought to make Malta their
jurisdiction of choice, bringing
the number of entities licensed
by the MFSA up to over 2,300.
When taking the ancillary
services linked to the fi nancial
services sector into account,
the sector now contributes
11.6% of Gross Value Added
(GVA), making it one of the
highest-ranking contributors to
the Maltese economy.
• 1,000 new jobs created
in sector in 2018
• Entities licensed by
MFSA top 2,300
