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BUSINESS TODAY 9 February 2023

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€1.50 THURSDAY 9 FEBRUARY 2023 • ISSUE 192 WWW.BUSINESSTODAY.COM.MT PAGE 5 PAGE 3 PAGE 2 Malta must plan ahead due to energy subsidies and global tax rules - IMF MSE's first annual Governance, Risk and Compliance (GRC) summit Malta and seven other EU member states call for fortified border management MATTHEW VELLA MALTA'S economy has recovered strongly following its worst recession in decades due to the COVID-19 pan- demic, with economic output growing by 113% in 2021. e declaration came from the Inter- national Monetary Fund, in another Ar- ticle IV consultation, the regular round- ups of economic health the World Bank carries out with countries. And while inflation has picked up, it remained among the lowest in the euro area, reflecting the government's policy to freeze retail electricity and fuel prices for all consumers. GDP growth is expected to slow down in 2023 due to lower consumer purchas- ing power, dampening domestic de- mand and weakening external demand from Europe. STAR PERFORMER MSE FTSE 100 EUR EXCHANGE RATES Trading Date: 8 Feb 2023 Number of Trades: 76 Turnover: € 578,231.38 MSE TRX Index: 7,461.31 Change: 7,457.29 (-0.009%) Name: 3.5% BOV SUB NTS MT0000021312 - Currency € Last Traded: 8 Feb 2023 Price 95.850 Change +8.850 US Dollar 1.0388 British Pound: 0.86477 Japanese Yen: 144.59 Australian Dollar: 1.5451 Swiss Franc: 0.98700 7,587.67 75.67 7,592.39 / 7,512.00 Value Net variation High / Low +1.01%

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