Prime Minister Robert Abela has committed to increasing investment in Malta’s energy distribution system from €15 million to €30 million in 2024.

The announcement was made during a meeting with the Maltese Council for Economic and Social Development (MCESD). On 25th July (Tuesday) The Malta Chamber had called for an urgent meeting with MCESD to discuss the current situation if the country following several days of power outages which had severely impacted households and businesses, and after expressing concerns with the manner in which the country was being led.

In his address at the beginning of the MCESD meeting, Dr Abela explained that, on advice of Enemalta technicians, there was a need to complete the establishment of new distribution centres and expansion of others in order to ensure a more robust system.

He also said that the undergoing economic transition must be a major contributor to addressing present and future problems related to climate change.

The Minister for Environment, Energy and Enterprise Miriam Dalli, announced that in the past few months, work has been underway to establish an authority focused on climate change. It will be focused on monitoring the impact of different activities on climate change and present actions to be taken by the country.

August saw Maltese business activity ‘broadly in line’ with long-term average

September 29, 2023
by Robert Fenech

The Central Bank of Malta’s economic update shows that business confidence edged down, but remains higher than average

Buckle up Apple enthusiasts! Long queues waiting to buy limited stock of new iPhone 15 line-up

September 29, 2023
by Anthea Cachia

No timeframe was given as to when new stock will be supplied to other outlets

Little chance of wage-price spiral, says Finance Minister, but businesses must do their part by reining in profits

September 28, 2023
by Robert Fenech

Clyde Caruana calls on businesses to dip into bumper post-pandemic profits to increase wages and capacity