| BUSINESS and FINANCE|
| Contributing Editor:Martin Debattista
Contributors: Ivan Grech.
Malta has gone a long way from being a strategic landmark on the
military maps of long-gone empires to a strategic location in today's
globalised business community. When it obtained its independence from Britian
in 1964 Malta had to wake up and transform its economy based on military
spending by foreign powers in Malta to a peace-time economy. Manufacturing and
tourism where the first industries to emerge, but today the Maltese Islands
are levering more on their strategic presence in the centre of the
Mediterranean with the concept of being a hub in such sectors are tourism,
financial services, transport and telecommunications. New horizons are being
sought with Malta's application to join the European Union. Regardless,
liberalisation and innovation are the goal of Malta's economy while making the best out of the splendid human resources which the country counts on to prosper.
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