As Malta’s economic attractiveness dips, urgent action is needed, says Malta Chamber CEO

Marthese Portelli, CEO of the Malta Chamber, shared her concerns on LinkedIn after EY's survey results highlighted urgent challenges that Malta must confront.

Dr Portelli noted that while Malta holds significant potential, the country’s attractiveness to investors has dropped significantly—from 79 per cent in 2014 to just 54 per cent in 2024.

She pointed out that although corporate taxation remains Malta’s main advantage, the potential impact of EU tax harmonisation could erode this edge within a few years. This, she warned, necessitates strategic planning to maintain an attractive business environment.

Further highlighting the survey's findings, Dr Portelli drew attention to the worrying state of infrastructure, skills, and costs—factors ranked low in attractiveness. These issues pose challenges not just for foreign direct investment (FDIs) but for local businesses as well. She posed a critical question: “What are we waiting for to address these areas seriously?”

Dr Portelli stressed that success will only be possible if political maturity is demonstrated in both discussions and decision-making. With time being of the essence, she urged that action must be taken now to set the course for a resilient economic future.