After gaining independence on 21st September 1964, Malta planned towards more integration within the EU and became a Member in the EU on 1st of May 2004 – a miilestone achievement for such a small country with no natural resources. Malta also successfully joined the Euro zone as on 1st January 2008 after passing all the economic and fiscal tests of the EU.
Furthermore, despite the current global recession and the general deficiencies in economic and financial sense of much more prominent countries, Malta’s economy proved to be well monitored and under control.
Malta, according to EU statistics, was earmarked as being one of the only two european countries that registered growth in economy and reduction in unemployment in 2010. The following are a few comments regarding Malta’s present situation:
