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BUSINESS TODAY 16 November 2023

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€1.50 THURSDAY 16 NOVEMBER 2023 • ISSUE 232 WWW.BUSINESSTODAY.COM.MT PAGE 3 PAGE 2 PAGE 5 Wage growth in Malta is the slowest in the EU EIB loans Malta Development Bank €30m to accelerate green transition NICOLE MEILAK WAGES in Malta are growing at the slowest rate among all EU member states, the European Economic Fore- cast, published on Wednesday, has re- vealed. e European Commission's Autumn forecast for 2023 puts wage growth in Malta at 1.5%, making it the lowest rate in the European Union. Meanwhile, wage growth was fastest in some East- ern countries, reaching 20.2% in Roma- nia. Malta also ranks lowest in the EU in terms of real compensation per employee. Indeed, the year-on-year change in real compensation per em- ployee stood in the negative at -4%. STAR PERFORMER MSE FTSE 100 EUR EXCHANGE RATES Trading Date: 15 Nov 2023 Number of Trades: 116 Turnover: €759,476.76 MSE TRX Index: 7630.534 Change: 0.262% Name: 3.5% BOV SUB NTS MT0000021320 - Currency € Last Traded: 15 Nov 2023 Price 87.000 Change +5.000 US Dollar 1.0522 British Pound: 0.86477 Japanese Yen: 144.59 Australian Dollar: 1.5451 Swiss Franc: 0.98700 7,613.67 78.12 7,613.39 / 7,312.00 Value Net variation High / Low +0.86% 2% STAMP DUTY WHEN BUYING IN GOZO ENDS IN DECEMBER HURRY! THE European Investment Bank (EIB) and Malta Development Bank (MDB) are joining forces to boost the green transi- tion of small and medium-sized compa- nies and public sector entities. To this end, the EIB will provide MDB with a €30 million loan to finance much-needed small-scale green invest- ments on favourable conditions. anks to this new agreement, MDB will provide access to credit to small and medium-sized enterprises (SMEs), mid-caps and local authorities willing to invest in projects that contribute to the fight against adverse climate change. Industrial production down by 1.1% in the euro area and by 0.9% in the EU Down by 6.9% in the euro area and by 6.1% in the EU compared with September 2022 Year-on-year change in real compensation per employee stands in the negative at -4% Industrial production 2015=100, seasonally adjusted series European Investment Bank will provide MDB with advisory services to identify and implement eligible green projects

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