€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%
