The Malta Chamber of Commerce, Enterprise and Industry and Vistage Malta have joined forces for the launch of the first edition of the international Confidence Index for businesses, which offers a complete picture of the economic trends expected to influence business in Malta.
At the launch event, Chamber President David Xuereb said “The Confidence Index provides the concrete sentiments of the country’s business leaders, and how they feel their business interests will be faring in the coming months.”
“More importantly, the index results are collated and compared to other economies from around the globe, hence providing a timely and complete picture of economic trends within a wide context,” he added.
CEO Of Vistage Malta, Nathan Farrugia, said that the index aims to collate and measure the confidence of CEOs around the world.
“Now released in Malta, the results show the current sentiment of local business leaders of the past 12 months and their predictions of the upcoming year,” he explained. “This index is a proven trend predictor and in other countries, an early indicator of upcoming economic change.”
He takes over from Alejandro Gosttuski, who will now take on the role of an Advisor.
The company, set to launch soon, will seek to provide clients with ‘customer-centric and innovative’ financial services.
The Malta Stock Exchange recently joined other exchanges for the inaugural Ring the Bell for Climate initiative.
Family businesses account for more than 70% of Malta’s SMEs, and are hence vital components of the local economy.