Malta: Valletta joins Euromed SME Centre

Promos initiative for growth. Malta-Italy trade rising

22 May, 17:01

(ANSAmed) - MILAN, MAY 22 - Following yesterday's signing by the Egyptian investment authority, the Maltese development agency for attracting foreign investment Malta Enterprise has become part of the Euro-Med Centre for SMEs Development, an initiative promoted by Promos to create a network of technical centres for the growth of small and medium enterprises in the Mediterranean region.

Those who have thus far joined the centre are development institutions and agencies from Morocco, Lebanon, Albania, Tunisia, Slovenia, Montenegro and Egypt.

The agreement was made during an Italian-Maltese business forum organised by the Milan Chamber of Commerce to present business opportunities in the country and strengthen cooperation, already positive in terms of commercial relations. Trade grew 17% in 2011 compared to the previous year, with Italian exports rising to 1.4 billion euros. Malta already has 30 Italian firms engaging in productive activities and about 500 businesses, mainly commercial, owned by Italian shareholders. Among the most promising sectors, according to the forum organizers, are the pharmaceutical, maritime (both for tourism and logistics) and energy sectors, especially with as concerns green energy. (ANSAmed).

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