Issue link: https://maltatoday.uberflip.com/i/1501472
2 NEWS 15.6.2023 IN April 2023, the seasonally adjusted industrial produc- tion increased by 1.0% in the euro area and by 0.7% in the EU, compared with March 2023, according to estimates from Eurostat, the statistical office of the European Un- ion. In March 2023, industrial production decreased by 3.8% in the euro area and by 3.2% in the EU. In April 2023 compared with April 2022, industrial produc- tion increased by 0.2% in the euro area and by 0.1% in the EU. Monthly comparison In the euro area in April 2023, compared with March 2023, production of cap- ital goods grew by 14.7% and energy by 1.0%, while production of intermediate goods fell by 1.0%, durable consumer goods by 2.6% and non-durable consumer goods by 3.0%. In the EU, production of capital goods grew by 12.1% and energy by 0.3%, while production of intermediate goods fell by 1.0%, durable consumer goods and non-du- rable consumer goods both by 2.2%. Among Member States for which data are available, the highest monthly increases were registered in Ireland (+21.5%), Lithuania (+2.8%) and Sweden (+1.4%). The largest decreases were observed in Slovenia ( 7.9%), Portugal (-5.5%) and the Netherlands (-3.5%). Annual comparison In the euro area in April 2023, compared with April 2022, production of capi- tal goods rose by 8.3% and non-durable consumer goods by 0.6%, while production of durable consumer goods fell by 4.6%, intermediate goods by 6.2% and energy by 7.4%. In the EU, production of capital goods rose by 8.8% and non-durable consumer goods by 1.8%, while production of durable consumer goods fell by 6.1%, intermediate goods by 6.6% and energy by 8.3%. Among Member States for which data are available, the highest annual increases were registered in Ireland (+22.5%), Malta (+14.3%) and Denmark (+12.2%). The largest decreases were observed in Estonia ( 15.1%), the Netherlands ( 12.8%) and Bulgaria (-12.5%). Among Member States for which data are available, the highest monthly increases were registered in Ireland (+21.5%), Lithuania (+2.8%) and Sweden (+1.4%). The largest decreases were observed in Slovenia (-7.9%), Portugal (-5.5%) and the Netherlands (-3.5%). Annual comparison by main industrial grouping and by Member State In the euro area in April 2023, compared with April 2022, production of capital goods rose by 8.3% and non- durable consumer goods by 0.6%, while production of durable consumer goods fell by 4.6%, intermediate goods by 6.2% and energy by 7.4%. In the EU, production of capital goods rose by 8.8% and non-durable consumer goods by 1.8%, while production of durable consumer goods fell by 6.1%, intermediate goods by 6.6% and energy by 8.3%. Among Member States for which data are available, the highest annual increases were registered in Ireland (+22.5%), Malta (+14.3%) and Denmark (+12.2%). The largest decreases were observed in Estonia (-15.1%), the Netherlands (-12.8%) and Bulgaria (-12.5%). Industrial production in April up by 1.0% in euro area and 0.7% in EU FINANCEMALTA participated at Mon- ey20/20 Europe, one of the world's lead- ing fintech events, held in Amsterdam between 6 and 8 June. Over 8,000 delegates attended the event, which is a recognized internation- al gathering of C-suite executives in the banking, payments, compliance, and in- vestment fields. As the application of digital technol- ogy in financial services rapidly gathers momentum, FinanceMalta took the lead in this initiative to showcase Malta's of- fering in this regard, and to promote the country as an ever-relevant international business and financial centre that keeps abreast of the continuously evolving fi- nancial services industry. At Money20/20, FinanceMalta host- ed the "inMalta" stand, an initiative conceived by FinanceMalta and other government entities, namely Malta En- terprise, Tech.MT, the Malta Digital In- novation Authority (MDIA) and Gaming Malta, that aims at ensuring better coor- dination, enhanced brand efficiency and therefore more impactful promotional efforts. e "inMalta" stand gave the oppor- tunity to five FinTechs members of Fi- nanceMalta to showcase their products and further boost their international exposure under the Foundation's reputa- ble patronage. e five companies were ComplyRadar, Moneybase, Prometheus Technologies, Trust Stamp and wamo. Commenting on FinanceMalta's pres- ence at Money20/20, FinanceMalta chairman George Vella said: "We firmly believe that together we are stronger and more impactful. e "inMalta" stand at Money20/20 is the result of a process that sees government entities joining forces and partnering with the private sector to promote the country more effectively. In Amsterdam, the Maltese representatives had hundreds of interactions with start- ups, scale-ups, investors and leading ex- perts in the FinTech space during which we presented the whole Maltese FinTech ecosystem. We provided information on emerging market segments, success stories and the government incentives in place to attract further business to Malta. FinanceMalta led this initiative, which could not have happened with- out the support of all players involved. Our partners are spearheading similar activities and we will continue working together with one main objective: show- casing Malta as the ideal place for Fin- Tech companies to grow." FinanceMalta members Andaria, Camilleri Preziosi Advocates, Ganado Advocates, Grant ornton Malta, and GTG, also supported this initiative and provided their expertise at the "inMalta" stand to further strengthen the promo- tional efforts. THE Malta Financial Services Au- thority (MFSA) has issued a warning about an entity operating under the names of Interactive Financial In- vestment and/or P240 Ltd which has an internet presence at https://inter- activefinancialinvestment.com/. is company claims to be "au- thorized and regulated by the MFSA as a MiFID firm and holds a Cate- gory 3 Investment Services License", making unauthorised use and refer- ence to company details of a Maltese licensed company. But Interactive Financial Invest- ment and P240 Ltd are neither a Maltese registered company nor li- censed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. e MFSA advised the public should refrain from entering into any transactions or otherwise deal- ing with the above-mentioned enti- ties on any matters falling within the parameters of the Investment Ser- vices Act, Chapter 370 of the Laws of Malta. Flagship presence by FinanceMalta at leading global fintech event MFSA issues warning on Interactive Financial Investment and P240 Ltd