The ride-hailing and food delivery sectors are undergoing significant upheaval following the government’s recent decision to refuse new work permits and renewals for third-country nationals (TCNs). This policy aims to address perceived labour market saturation in the sector. The Maltese government has justified the refusal of work permits by citing a saturation in the market...
The government declared that, in an effort to counteract growing inflation and support social welfare, it has launched a bold economic initiative called “Stabbilta”: a voluntary price limiting program. The government has taken a unique cooperative approach by encouraging businesses to voluntarily lower the cost of necessities to 85% of their Recommended Retail Price index...
In an era propelled by environmental consciousness, the European Union’s resolute ‘Farm to Fork’ strategy heralds a paradigm shift in tomorrow’s organic farming realities. This strategy ambitiously sets its sights on dedicating 25% of agricultural land to organic cultivation by 2030. Reflecting this trend, Malta, too, has committed to elevating its organic sector from a...
Malta’s tourism sector has recently witnessed a significant surge, with a remarkable 20.2% year-on-year increase in inbound tourists recorded in the month of September 2023, projecting the year’s total to approach the significant milestone of 3 million visitors. With the number of approved hotels under construction at the moment, this number is expected to increase...
Understanding the impact of protectionism on a nation’s economic landscape is key to global economics. This was palpably evident in 1970s Malta under the leadership of Dom Mintoff. As a strategic embodiment of protectionism, the Maltese government introduced dramatic measures to bolster local industries, reducing foreign goods dependency. Among these measures, the most contentious was...
The 2023 budget strengthens the welfare state with 60% of the measures listed in the speech could be considered “socialist”. However, this form of social protection will have challenges in the future such as ageing population which will require a rethink of the system. In the post-Muscat era, the Labour Party is actively trying to...
Amid the economic turmoil and geopolitical tensions across Europe, Finance Minister Caruana unveiled the government’s budget for 2023. Broadly speaking, the budget is similar to recent ones presented by the Labour government. A common narrative of new taxes and an increase in a number of benefits to curb the effects of looming crises, as well...
In short: yes. The latest Eurostat data shows that on average, for every €100 a Maltese man earns, a woman earns €90. The gap is even wider in a lot of European countries, as the EU average means that the average European woman earns €87. This is an undeniable fact. The less straightforward question, however,...
People tend to accumulate wealth as they grow older. But is the wealth gap between today's youth and their parents widening? Recent data suggests that despite the higher wages, higher property prices and a more lavish lifestyle are among the factors which may explain a rising intergenerational inequality gap.
After more than 30 years, high inflation is making the news again. We are cooking a video specifically on inflation, but in the meantime, today’s TL;DR explains what central banks and governments can do to counter inflation. You might already know this but, to buy stuff, you need money. The more money you have, the...