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€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% 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

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