Gold is 2025’s best performer. UBS sees more upside
Investing.com-- The European Investment Bank (EIB) has signed the first tranche of a €260 million financing package with the Maltese government, aimed at propelling sustainable economic growth.
The €130 million installment will bolster Malta’s contribution to various EU-funded projects, with a focus on fostering a smarter, greener, and more resilient economy.
This financial support is set to drive investments across several key sectors, including healthcare, small and medium-sized enterprises (SMEs), digital innovation, environmental protection, and sustainable transport.
The initiatives are expected to facilitate modern healthcare infrastructure, enhance credit access for SMEs, accelerate digital transformation, and promote biodiversity and sustainable mobility.
The funding represents Malta’s national co-financing for the Operational Programmes of the 2021-2027 period under EU funds such as the Cohesion Fund, European Regional Development Fund, European Social Fund, European Maritime, Fisheries and Aquaculture Fund, and the Just Transition Fund.
Clyde Caruana, Malta’s Minister for Finance, remarked on the significance of the agreement, stating that it reflects the shared goals between Malta and the EIB and marks an important step in the nation’s economic development. He emphasized that this collaboration will help realize Malta’s future vision, ensuring prosperity for society and local businesses.
EIB Vice-President Kyriacos Kakouris underscored the EIB’s commitment to Malta’s sustainable growth. He noted that the investments would not only strengthen the economy but also improve the quality of life for Maltese citizens, moving the country towards a greener, more innovative, and competitive future.
The EIB’s history with Malta dates back to 1979, with its first project aimed at expanding Valletta Grand Harbour. Since then, the EIB Group has invested over €1 billion in Malta, supporting a wide range of projects before and after the country joined the European Union.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.