Despite the ongoing European crisis, Malta has proved to be one of the best performers in the eurozone. LB asks Malta’s leading firms what is so special about this Mediterranean island.
Although Malta has shown resilience during the global downturn, it has not been bypassed completely. M&A volume has reduced and the island’s banking sector is more cautious than ever about credit exposure. Nonetheless, Malta’s own slowdown has been relatively painless when compared to other European jurisdictions. The island is fiscally conservative and its level of state debt is fairly low, with most of it held locally. Consumer debt is also low.