€1.50
THURSDAY 27 OCTOBER 2022 • ISSUE 178
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CONTINUES ON PAGE 9
PAGE 3
Paul Gauci takes over port in
Marina di Ragusa, planning
daily catamaran trips to Malta
A budget that
maintains an
even keel
PAUL COCKS
A new catamaran link between Mal-
ta and Sicily is planned following the
takeover of the Porto di Marina di
Ragusa by a Maltese businessman, an
Italian online tourist and news portal
has revealed.
BusinessToday is informed that Paul
Gauci, owner of PAMA Shopping Vil-
lage and co-owner of PAVI Shopping
Centre, is leading a small group of
investors which has finalised the pur-
chase of the marina in the southeast-
ern tip of Sicily.
Besides launching a daily catamaran
link to Malta, Gauci seems intent on
developing extensive retail and res-
idential units around the marina, as
well as refurbishing the existing ship
repairing facilities.
STAR PERFORMER MSE FTSE 100
EUR EXCHANGE RATES
Trading Date: 26 Oct 2022
Number of Trades: 56
Turnover: € 1,224,302.03
MSE TRX Index: 7,622.88
Change: 0.098%
Name: 3.8% HLF 2029
MT0001891218 - Currency €
Last Traded: 26 Oct 2022
Price 98.000
Change +3.000
US Dollar 0.98634
British Pound: 0.87357
Japanese Yen: 142.78
Australian Dollar: 1.5258
Swiss Franc: 0.97070
7,052.62
-33.84
7,086.46 / 6,977.95
Value
Net variation
High / Low
-0.48%
Paul Gauci (inset) is leading a group of Maltese investors that has taken over the harbour in Marina di Ragua
F
inance Minister Clyde Caruana's
first budget of this legislature was
intended to keep the ship of State
on an even keel within an uncertain
global economic climate.
By and large, he managed to achieve
this aim.
e single most important measure
was the continuation of subsidies on
energy, fuels and grains to the tune of
€600 million next year, and the com-
mitment to maintain this in subse-
quent years.
Caruana likened the inflation crisis
created by the pandemic, which was
made worse by the Russian invasion of
Ukraine, to a marathon, which his gov-
ernment was ready to endure.
EDITORIAL
