Issue link: https://maltatoday.uberflip.com/i/1513442
7 maltatoday | WEDNESDAY • 20 DECEMBER 2023 NEWS JAMES DEBONO jdebono@mediatoday.com.mt A hotel is being proposed in Marsa along one of the busiest traffic junctions, on fields just outside the development zone. The plot of land earmarked for the project lies opposite the roundabout between Triq Dicembru 13 and Triq Aldo Moro, a few metres away from the Carlo Cini petrol station and the Marsa sports grounds. The site measuring 3,665sq.m also faces an area identified as a business hub in the local plan. The application was present- ed by David Camenzuli a share- holder and director in J&M Property Limited. The applicant has declared full ownership of the site and that no trees will be uprooted for the development to take place. The application foresees the development of one level of un- derground parking catering for 82 cars and the construction of a four-star hotel on four floors and a receded floor. The hotel will have 157 rooms, a gym, an outdoor and indoor pool, a spa area and a conference area. The proposal also includes the development of a restaurant and a cafeteria at ground floor level. No development was fore- seen on this site in the local plan. Changes to the 'Marsa Park Development Area and Business Hub', which foresees a mix of retail, office and light industrial development on the whole tract of land between Triq it-Tigrija in Qormi and Triq Dicembru 13 had exclud- ed the site being considered for the hotel. The hotel application is the latest to be submitted for the area. Other developments include a six-storey office block being proposed by Neville Agius and a six-storey office block with a contemporary design, on the site of the old matchbox facto- ry proposed by the Corinthia group. Both these applications fall within the development zone. Marsa hotel proposed on fields next to busy road junction KARL AZZOPARDI kazzopardi@mediatoday.com.mt MALTA'S annual inflation in November 2023 stood at 3.9%, down by 2.9% from the same month last year. Inflation also dropped by 0.3% from the previous month, figures show. The euro area annual infla- tion rate was 2.4% in Novem- ber 2023, down from 2.9% in October. A year earlier, the rate was 10.1%. European Union annual inflation was 3.1% in Novem- ber 2023, down from 3.6% in October. A year earlier, the rate was 11.1%. The lowest annual rates were registered in Belgium (-0.8%), Denmark (0.3%) and Italy (0.6%). The highest annual rates were recorded in Czechia (8.0%), Hungary (7.7%), Slovakia and Romania (both 6.9%). Compared with October, annual inflation fell in twen- ty-one Member States, re- mained stable in three and rose in three. In November, the highest contribution to the annual euro area inflation rate came from services (+1.69 percent- age points, pp), followed by food, alcohol & tobacco (+1.37 pp), non-energy industrial goods (+0.75 pp) and energy (-1.41 pp). Malta inflation in November drops but remains higher than Euro area Malta's annual inf lation in November 2023 stood at 3.9%, down by 2.9% from the same month last year