(Ecofin Agency) - On February 4, 2019, Marie-Louise Coleiro Preca (photo), president of the Republic of Malta, during her official visit in Tunisia in the framework of the joint Tunisia-Malta committee expressed her will to see a boost in the cooperation between the two countries, in the IT sector notably. According to Marie-Louise Coleiro Preca, Malta currently experienced dynamism in various IT segments like the Blockchain; an experience and know-how that could be shared with other countries such as Tunisia.
In 2014, the European commission's CORDIS presented Malta as one of the IT markets whose development is growing faster than in Europe. The country recorded above-average performances in the E-governance.
According to the Maltese law firm Chetcuti Cauchi, Malta continues its efforts and is now the choice destination for IT investments. It offers incentive measures, both financial and fiscal that attract the sectors’ players. The country also improved training to offer quality labour to foreign companies and a particular focus has also been placed on innovation and research.
Figures published by the country’s statistics bureau indicate that in 2017, the IT sector contributed 6.6% of gross added value in Malta’s economy, representing a 5.8% rise on a year to year basis.
Currently, the IT sector is represented by more than 300 firms employing 7,300 people.