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BUSINESS TODAY 30 March 2023

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2 NEWS 30.3.2023 MALTA International Airport has launched its flight schedule for the sum- mer season, which spoils holidaymakers to a choice of more than 100 routes in 32 countries. ose who have been eyeing Ger- many for their summer getaway will be pleased to know that a brand new route connecting the Maltese Islands to this popular market has just been inaugurated. A flight to the Bavarian town of Memmingen will be operated by Ryanair on a biweekly basis, further strengthening Malta's connectivity with Germany. Other exciting developments for this market include the return of Eurowings with flights to Hamburg and Dusseldorf following a five-year absence, as well as the resumption of weekly flights to the Black Forest town of Baden-Baden, which is synonymous with therapeutic hot springs. A holiday on the French Riviera will be easier to plan this summer as Air Malta will operate flights to Nice every Monday and Friday throughout the season. Just short distances away from the vibrant seaport city are Antibes and Cannes, with the glamorous Saint- Tropez being located further down the coast. Nice is just one of Malta Internation- al Airport's connections with France, with other connections including up to six daily flights to Paris, biweekly flights to the wine capital Bordeaux in the south-west of the country, and two weekly flights to the north-western city of Nantes. Malta International Airport's top market, Italy, remains the most well connected for the season, with a route network stretching from the north, which is connected through flights to cities such as Bergamo and Milan, to the south, which can be discovered by taking a flight to Bari, Naples or Sicily. Beyond these popular destinations, the flight schedule connects the Mal- tese Islands to Scandinavia through flights to Denmark, Norway and Swe- den operated by three airlines as well as the Middle East through Israel and Dubai. MIA launches summer schedule featuring more than 100 routes DURING February 2023, the industrial producer price index registered an in- crease of 4.59 per cent when compared to the corresponding month of 2022. When compared to February 2022, the industrial producer price index in- creased by 4.59 per cent. Price increases were registered in the consumer goods (9.31 per cent), in the capital goods (9.06 per cent) and in the intermediate goods (1.32 per cent). No price change occurred in the energy sector. Industrial producer prices for the do- mestic market increased by 3.80 per cent. Price rises were recorded in the consumer goods (7.56 per cent), in the intermediate goods (4.85 per cent), and in the capital goods (2.59 per cent). Non-domestic prices increased by 5.12 per cent. e prices of goods des- tined to the non-euro area rose by 5.56 per cent while those destined to the euro area increased by 4.29 per cent. Monthly comparison During February 2023, the industri- al producer price index increased by 0.05 per cent when compared to Janu- ary 2023. Capital goods and consumer goods increased by 2.00 per cent and 0.21 per cent respectively. On the oth- er hand, intermediate goods dropped by 0.73 per cent. ere were no price changes in the energy sector. Domestic market prices went up by 0.07 per cent due to an increase of 0.52 per cent in the consumer goods. On the contrary, a decline of 0.37 per cent was registered in the intermediate goods. Non-domestic prices increased by 0.04 per cent. e prices of goods des- tined to the non-euro area rose by 0.16 per cent while those destined to the euro area dropped by 0.19 per cent. February 2023 industrial producer price index up 4.59% over 2022 Industrial producer price index (2015=100) for total industry

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