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Investor confidence in Malta surges to record high

Investor confidence in Malta surges to record high

VALLETTA (MALTA) (ITALPRESS/MNA) – Investor confidence in Malta has rebounded sharply, with 79% of respondents now viewing the country as an attractive destination for Foreign Direct Investment (FDI), according to the 21st EY Attractiveness Survey Malta, Future Realised.

The figure marks a significant rise from 54% last year, while 67% of investors rate Malta as equally or more attractive than other European locations. The country’s corporate tax regime and social stability remain its strongest assets, cited positively by 78% and 70% of investors respectively.

Confidence in Malta’s political, legal, and regulatory stability has also strengthened, as concerns over reputation and global tax reform continue to ease.

However, the survey highlights new pressures, with skills shortages emerging as the top threat to Malta’s long-term appeal—60% of investors report difficulty finding specialised talent. Cost competitiveness and infrastructure constraints also pose growing challenges.

Investors emphasise the need to focus on education, STEM, and entrepreneurship to sustain competitiveness. AI is seen as a key growth driver, with nearly half of investors considering related investments.

Prime Minister Robert Abela said government priorities include boosting human development, raising household incomes above the EU average, and achieving top-tier life satisfaction. He confirmed that Malta Vision 2050, a 25-year strategic plan, will be launched in early 2026.

– photo IPA Agency –

(ITALPRESS).


Source: medNews

Malta’s revised metro plan slashes cost to €2.8 billion

Malta’s revised metro plan slashes cost to €2.8 billion

VALLETTA (MALTA) (ITALPRESS/MNA) – Revised plans for Malta’s proposed metro system would cost around €2.8 billion to implement, Prime Minister Robert Abela said.

The updated proposal, which reworks routes first outlined in 2021, more than halves the initial €6 billion estimate. Abela said the new system would be a “hybrid” of underground and overground lines, with some sections running through undeveloped land.

Although technical studies are still ongoing, the €2.8 billion figure includes projected cost overruns. Abela did not specify when a final decision would be made, saying discussions remain underway.

The prime minister confirmed that ARUP, the international firm assessing the metro’s feasibility, has yet to meet Finance Minister Clyde Caruana to discuss costings.

Caruana had earlier cautioned against rushing into a mass transport system, warning that Malta could be “royally screwed” if the project went wrong.

Abela acknowledged the finance minister’s caution but insisted the country must invest in its future transport system. “If we do things responsibly, this will be a project that defines the country,” he said.

– photo IPA Agency –

(ITALPRESS).


Source: medNews

RFEF President “2030 World Cup final? Would be logical to play it in Spain”

RFEF President “2030 World Cup final? Would be logical to play it in Spain”

MADRID (SPAIN) (ITALPRESS) – “I think it wouldn’t be understandable if the World Cup final wasn’t played in Spain. Our country has 55% of the organizational weight, so it’s logical that the final be played here.” Rafael Louzan, president of the Spanish Football Federation (RFEF), spoke ahead of the World Cup, which Spain will host in five years, along with Portugal and Morocco, as well as some matches played in South America. “Neither Valencia nor Vigo are among the pre-selected cities, even though they are ready,” he stated. “FIFA will have the final say. The impact on GDP will be 5 billion euros, with 2.5 billion euros invested in the renovation of stadiums.”

– photo IPA Agency –

(ITALPRESS).


Source: medNews

Courtois “Before going to the Usa, maybe La Liga should start by fixing itself”

Courtois “Before going to the Usa, maybe La Liga should start by fixing itself”

MADRID (SPAIN) (ITALPRESS) – El Clasico has already begun, at least off the pitch. After the match against Juventus, Thibaut Courtois had his say on La Liga’s about-face on Villarreal-Barcelona, ​​saying he was “happy the match wasn’t being played in Miami. It didn’t make sense how they wanted to organize it, without transparency. Matches should be played home and away, I think it’s a matter of common sense. If they want to do that in the future, all the clubs will have to vote. If we believe that La Liga is the best league in the world, there’s no need to go and play elsewhere. We need to fill the stadiums here first, which doesn’t always happen, and improve these aspects.”

The Real Madrid goalkeeper expanded the discussion to include financial fair play, not sparing a dig at Barcelona. “Many teams are selling their best players to meet him. It’s not normal that on September 1st, ten teams are forced to perform miracles to sign players. This is what needs to change first and foremost: not going abroad to play, that’s not the best solution. We already play a lot of preseason games, they’re needed for that.” About the victory over the Bianconeri: “It was a tough and hard-fought match, with chances on both sides. It’s Juve, not a small team. They put us in difficulty, and we need to be careful for Sunday.”

– photo IPA Agency –

(ITALPRESS).


Source: medNews

Hakimi and Salah lead African Player of Year shortlist

Hakimi and Salah lead African Player of Year shortlist

ROME (ITALPRESS) – Defending champion Ademola Lookman is not among the list of 10 candidates for the title of best African Footballer of the Year. The list was officially announced by CAF, the Confederation of African Football, and was drawn up by “a jury of experts composed of members of the CAF Technical and Development Committee, experienced coaches, African legends and media representatives.”

The clear favorite is former Inter Milan player Achraf Hakimi, a Champions League winner with PSG. The Moroccan’s main rival is Liverpool’s Egyptian, Mohamed Salah. Here’s the list: Frank Anguissa (Cameroon, Napoli), Son Mayele (Democratic Republic of the Congo, Pyramids FC), Mohamed Salah (Egypt, Liverpool), Denis Bouanga (Gabon, Los Angeles), Serhou Guirassy (Guinea, Dortmund), Achraf Hakimi (Morocco, PSG), Oussama Lamlioui (Morocco, RS Berkane), Victor Osimhen (Nigeria, Galatasaray), Iliman Ndiaye (Senegal, Everton), Pape Matar Sarr (Senegal, Tottenham).

– photo IPA Agency –

(ITALPRESS).


Source: medNews

Gozo launches Europe’s first solar flower energy hub

Gozo launches Europe’s first solar flower energy hub

VALLETTA (MALTA) (ITALPRESS/MNA) – Fifteen innovative solar flowers have been installed at the Gozo Multi-Modal Hub in Ta’ Xħajma, marking the first such project in Europe. The installation was announced by Gozo and Planning Minister Clint Camilleri and Parliamentary Secretary for Public Works Omar Farrugia.

According to a government statement, each solar flower can produce up to 40% more energy than traditional solar panels, ensuring maximum efficiency.

Minister Camilleri said the hub represents another step toward Gozo’s 2050 environmental vision. “This energy will power electric buses linking Imġarr port with the Park & Ride facility. With this installation, we’re showing that Gozo can lead in sustainable innovation,” he said.

Parliamentary Secretary Farrugia noted that the project places Malta and Gozo on the global map as models for renewable energy and sustainability.

The €850,000 project, implemented in collaboration with Eco-Gozo and the Public Works Department, integrates clean energy with sustainable transport, aiming to reduce emissions and operational costs while promoting a self-sufficient, circular transport system.

-Photo Doi-
(ITALPRESS).


Source: medNews

Malta revokes citizenship of Russian jailed for money laundering

Malta revokes citizenship of Russian jailed for money laundering

VALLETTA (MALTA) (ITALPRESS/MNA) – The Maltese government has revoked the citizenship of 24-year-old Russian national Semen Kuksov, who is serving a prison sentence in the United Kingdom for running what authorities called a “professional banking service for criminals worldwide.”

The decision was announced in the latest edition of the Government Gazette, confirming the removal of Kuksov’s citizenship, which he obtained in 2022 under Malta’s controversial cash-for-passports programme.

Kuksov’s name appeared on the 2022 list of new citizens alongside his father, Vladimir Kuksov, after both acquired Maltese passports through the state-run citizenship-by-investment scheme.

Semen Kuksov later became a target of the UK’s National Crime Agency (NCA) under Operation Destabilise, an investigation that dismantled a global money-laundering network linked to Russian organised crime, ransomware operations, and drug trafficking.

The NCA said Kuksov admitted to running an underground cryptocurrency exchange that moved millions of euros for criminal groups. In just 74 days, he and an associate laundered more than €14 million using cash “tokens” to conceal transactions.

Kuksov was sentenced to five years and seven months in prison earlier this year. His father has not been implicated and retains his Maltese citizenship, publicly distancing himself from his son’s activities.

– Photo IPA Agency –
(ITALPRESS).


Source: medNews

Sandro Tonali extends his contract with Newcastle until 2029

Sandro Tonali extends his contract with Newcastle until 2029

NEWCASTLE (ENGLAND) (ITALPRESS) – Sandro Tonali and Newcastle have signed a contract until 2029, with an option for a further season, thus extending to 2030. This, according to Sky Sports News and other English media outlets, is the latest development regarding the 25-year-old Italian midfielder, a key figure for the Magpies and the Italy national team. The club has not yet made official the agreement, which, according to British media, was reached during the former AC Milan player’s suspension.

-Photo IPA Agency-
(ITALPRESS).


Source: medNews

The format of the European Championship and World Cup qualifiers could change

The format of the European Championship and World Cup qualifiers could change

BERLIN (GERMANY) (ITALPRESS) – “L’Equipe” already reported on the issue last week, and now “Sport Bild” is also reiterating the same sentiment: the format of the European Championship and World Cup qualifiers could change.

UEFA is currently discussing ways to make a phase that has struggled to gain audiences more attractive, especially given the centralization of TV rights starting in 2028. The idea is to adopt the format that’s already proving successful in European competitions, with a league phase before the knockout stages.

UEFA President Aleksander Ceferin himself, at a recent event in Portugal, made it clear that the 24-team European Championship format would remain unchanged, but that “the qualifiers could look different. There will be no more matches, but a more interesting format. We’re considering it.”

The same goes for the European World Cup qualifiers. In Nyon, the UEFA National Team Competitions Committee has reportedly already established a working group tasked with presenting reform proposals to the Executive Committee on December 3.

These proposals will, however, ensure that the qualification opportunity for national teams from smaller associations will always be guaranteed. Last week, “L’Equipe” suggested the Nations League as a qualifying route, or, similar to the Champions League, a single championship of 54 teams or two groups of 27.

-Photo IPA Agency-
(ITALPRESS).


Source: medNews

La Liga, Villarreal vs. Barcellona will not be played in Miami. Tebas “A missed opportunity”

La Liga, Villarreal vs. Barcellona will not be played in Miami. Tebas “A missed opportunity”

MADRID (SPAIN) (ITALPRESS) – In the end, LaLiga was forced to backtrack: the “Miami plan” is officially off the table. Last night, the Spanish league had to acknowledge too much opposition, announcing that the Villarreal vs. Barcelona match will no longer take place on December 20 at Miami’s Hard Rock Stadium. It would have been the first-ever LaLiga match played outside Spain. The league’s U-turn was mainly driven by protests from players and clubs alike.

The Spanish players’ union, AFE, repeatedly criticized the lack of transparency in a decision made without properly consulting players, and which allegedly violated the collective bargaining agreement. Although UEFA had reluctantly given its approval, the backlash intensified—particularly because LaLiga and the Spanish Football Federation ignored AFE’s request for a meeting.

Things escalated further on October 13, when LaLiga president Javier Tebas questioned the union’s stance by stating, “I’m not so sure AFE really wants to stop this project.” With no date set for a meeting between the parties, tensions boiled over, culminating in a protest during last weekend’s matches, where players paused play for the first 10–15 seconds.

But the Miami plan was also undermined by other obstacles. Both CONCACAF and the U.S. Soccer Federation were ready to oppose the match, having not been consulted. Real Madrid led the charge among disgruntled clubs, filing a formal complaint with Spain’s Higher Sports Council, arguing that holding Villarreal-Barça in the U.S. would compromise the fairness of the competition.

There were also political pressures: Spain’s Minister of Sport, Pilar Alegría, stated her preference that domestic competitions be played within Spain. With so many forces aligned against it, the American dream collapsed—much to the dismay of Tebas, who took to social media with a post titled “A lost opportunity for Spanish football.”

Tebas blamed “the institutions that govern European football,” accusing them of “destroying national leagues year after year—the true engine of the football industry in Europe.” He also took a thinly veiled swipe at Real Madrid, criticizing those who “appeal to the integrity of the competition” while “undermining that same integrity by pressuring referees and officials, crafting misleading narratives, or using political and media pressure as a sporting weapon.”

“Spanish football must look to the future with ambition, not fear,” Tebas concluded. He also had to reckon with the pullback of Relevent Sports, the U.S.-based promoter of the Miami event, which notified LaLiga of the “need to postpone the match.”

“Given the current uncertainty in Spain, there is not enough time to properly organize an event of this magnitude,” read a statement published by The Athletic. “It would also be irresponsible to begin selling tickets without official confirmation.”

It’s a painful defeat for LaLiga, as the project was seen as “a historic and unprecedented opportunity to internationalize Spanish football.” The two clubs involved also expressed disappointment. Villarreal coach Marcelino called the timing of LaLiga’s backtrack—announced while the team was playing Manchester City in the Champions League—“disrespectful.” Barcelona, meanwhile, lamented “the missed opportunity to promote the competition’s image in a strategic market with strong growth potential and revenue generation to benefit all clubs.”

– Photo IPA Agency –

(ITALPRESS)


Source: medNews

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