Kurt Muscat, Senior – Executive Advisory Services at EMCS commented, “While it may seem like lower prices are good, deflation can ripple through the economy. Often deflation causes high unemployment, and can turn a bad situation, such as a recession, into a worse situation, such as a depression.” In August 2020, a month in which...
Restoration works at the Balzan parish church have been concluded. The works, which cost €122,000, included the restoration of Chapel of the Crucifix, the outer walls of the sacristy, the belfry and the clocks. Material that had been stuck to the outer walls was removed and the stone was cleaned from pollution. EMCS has been...
Kurt Muscat Senior Executive – Advisory Services commented that “unless government alters the way it generates revenue and the way it spends it is likely that the effect of this pandemic on government’s finances will be felt for a number of years to come.” As at the end of July 2020, the Maltese government registered...
  Government has allocated €35million to support over 16,000 businesses with their electricity and water bills, during the months of July, August and September. All businesses benefitting from the Covid Wage supplement can benefit for a reimbursement of 50% of the electrical power bills. This shall be capped at €1,500 for businesses that have only...