22 October 2003

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Excelsior Hotel, Slipform sold for Lm1.77 million
By David Lindsay
Valletta’s long-idle Excelsior Hotel, the doors of which have failed to open for business despite successive bids by a line of investors, was sold this week by the 100 per cent stakeholders, Hong Kong’s Hopewell Holdings - run by entrepreneur Gordon Wu. READ MORE >>

Employing 8,000 civil servants before 1987 election was a mistake – Attard Montalto
By Kurt Sansone
The employment of 8,000 workers with the civil service on the eve of the 1987 election by the then Labour administration has long been blamed as one of the major contributors to the exorbitant increase in government expenditure by subsequent Nationalist administrations. READ MORE >>

Maltese-registered company to sue over lost bid for stake in Hungarian telecoms operator
A Maltese-registered investment banking company intends suing Hungary’s state owned commercial bank over the sale of its share in fixed-line telecom operator HTCC Rt, the Hungarian press reported this week. READ MORE >>

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Editor: Saviour Balzan
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