MALTA

MALTA

1. ECONOMY CRISIS

   • Since 2008 to 2009, many countries of the world were affected, even Malta because their economy slipped into recession in 2009, the thing is that they depend of the import of food and energy; so one of the principal industries fell dramatically. The economic health for them were their neighbors countries.
     • RECOVERING
       • The advantages of Malta were the banking sector, public finances, and also the government are undertaking the necessary measures to recover the island by targeting manufacturing in investment projects.

2. GOVERNMENT

   • Is a Republic country, that was independent on september 21 of 1964 from the UK, The Legal System is mixed with the Englisg common law and civil law.
     • The President is George Abela (since 4 April 2009) and the prime minister is Joseph Muscat (since 11 marz 2013)
     • SYMBOLS

3. SOCIETY AND POPULATION

   • The population of Malta is 412.655 habitants; is the most multilingual country of the EU, because the oficial language is Maltease, but Italian, French and English are also spoken.
     • The religion most practice in the country is Roman Catolic with the 98%

4. GEOGRAPHY

   • Is an archpielago in the cental mediterranean, located in the Southern Europe, between sicily (Italy) and North Africa. La Valetta is the capital of Malta; thsanks to the geography location has defined the countrys economic development.

5. ECONOMY

   • The opening of Suez Canal in 1869, made Malta one of the principals ports in the Mediterranean; the development of the country its thanks to the trades, banks, financial services.
     • GDP
       • 2011 - 10.89 Billion 2012 -11.19 Billion 2013 - 11.46 Billion
         • This dates are origin by the sectors: As Agriculture 1.5% Industry 13.4% Services 85.1%
     • UNEMPLOYMENT RATE 6,4% in 2013
     • INFORMATION
       • EXPORTS: 4.328 Billion (2012) 4.127 Billion (2013)
       • IMPORTS: 5.551 Billion (2012) 5.232 Billion (2013)
       • CURRENT ACCOUNT BALANCE: 95 Million (2012) 105 Million (2013)
     • INFLATION RATE 1,7% 2013

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