UN ranks Malta fifth in global foreign
The United Nations has positioned Malta in fifth place among international
recipients of foreign direct investment between 1998 and 2000.
In its 2002 World Investment Report released last week by the UN Conference
on Trade and Development (UNCTAD), the UN produced a new ranking that
compared no less than 140 countries share of global foreign investment
with its share of gross domestic product for the 1998-2000 period. READ
MES positioned for short-term oil price
With the prospect of an American and British-led war against Iraq growing
more likely, international oil prices are also widely expected to surge
to no small extent.
But as the spectre of rising oil prices and the ensuing implications
loom, the Economic Services Ministry remains confident that Malta is
as well positioned as possible for such a hike.
Speaking to The Malta Financial and Business Times yesterday, a Ministry
spokesman commented, "Over the last couple years Enemalta, as well
as Air Malta, have been purchasing their fuel requirements on the basis
of formulas that link the actual price paid to the average price recorded
over the preceding few weeks.
"This has been found to be an effective way to guard against short
term fluctuations in the price of fuel." READ