€1.50
THURSDAY 13 JULY 2023 • ISSUE 214
WWW.BUSINESSTODAY.COM.MT
PAGE 5 PAGE 3
Malta defines exclusive
economic zone in bid
to expand economy
Residential
rents were
highest in
Sliema in 2002
KURT SANSONE
MALTA is set to define its own exclu-
sive economic zone as parliament de-
bates legal changes making it possible
for developing economic activity out-
side its territorial waters.
e proposed changes to 39 different
laws were put forward by the govern-
ment and enjoy the Opposition's sup-
port.
Prime Minister Robert Abela said this
development will allow the country to
expand and diversify its economy with-
out taking up land.
e next step after the amendments
are approved, Abela said, is for govern-
ment to issue international calls for pro-
jects in the EEZ.
STAR PERFORMER MSE FTSE 100
EUR EXCHANGE RATES
Trading Date: 12 July 2023
Number of Trades: 59
Turnover: € 1,075,331.63
MSE TRX Index: 7,950.90
Change: -0.380%
Name: 4% EDF PLC UNS
MT0000141227 - Currency €
Last Traded: 12 July 2023
Price 99.000
Change +1.000
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%
franksalt.com.mt/ftb
G
E
T
€1
5
,
0
0
0
+
W
O
R
T
H
O
F
F
U
R
N
I
T
U
R
E
A
N
D
F
U
R
N
I
S
H
I
N
G
v
o
u
c
h
e
r
s
&
D
I
S
C
O
U
N
T
S
W
H
E
N
Y
O
U
B
U
Y
Y
O
U
R
F
I
R
S
T
H
O
M
E
T
H
R
O
U
G
H
U
S
!
BUYING
YOUR
FIRST
HOME?
MATTHEW FARRUGIA
SLIEMA is Malta's most expensive
locality when it comes to apartments
for rent, a Housing Authority report
shows, as tenants pay an average of
€1,218 and €1,439 for two-bedroom
and three-bedroom apartments re-
spectively.
e report, based on registered con-
tracts dated until 2022, aimed at pro-
viding a comprehensive view of the
private rental market. e Northern
Harbour region is home to the most
expensive rental apartments, with
Saint Julian's being the second most
costly locality for tenants, as rents
reach an average of €1,141 per month
for two-bedroom apartments.
Prime Minister Robert Abela told parliament the changes to define Malta's EEZ will allow government to issue calls for
projects, especially in the energy sector
