Exorbitant port charges make Malta expensive
wanting to import or export goods by shipping have to face a complex
scenario of mismanagement and inefficiency resulting in exorbitant port
charges that make Malta almost three to four times more expensive then
other European ports
Parallel importation, block exemption
The changes heralded by the amendments to the Competition Act have been
widespread, according to the Director General of the Consumer and Competition
Division, Marcel Pizzuto. Major changes have presented themselves in
the spheres of parallel importation, block exemptions and in placing
public undertakings on a level playing field with the private sector.
Retailers optimistic about budgetary
budget measures to cut red tape for small businesses and the self-employed
are a step in the right direction but operators in the sector are hoping
that they are the beginning of an ongoing exercise and not an end in
British holiday firm hit hard
Britain's biggest holiday firm, Airtours Plc reported a 57 percent
rise in annual operating profits yesterday but warned investors its
outlook was uncertain and confirmed it had cut 1,600 jobs since 11 September.
Airtours company in Malta, represented by Edrichton Holidays, refused
to comment yesterday on whether their own staffing levels had been reduced.