Malta’s economy is overheating and the time for incremental changes has passed, the Malta Chamber’s CEO has warned.
Marthese Portelli is adamant the country now requires comprehensive and immediate action to address its economic challenges.
“The country needs CPR. We need a government that connects, plans and reforms,” Portelli insists in an interview with Times of Malta.
In its pre-budget 2025 document published last week, the Malta Chamber of Commerce urges a shift in the country’s economic strategy towards high-value industries, improved governance, and more prudent management of public resources.
“We need to speed up the implementation process of all the decisions that need to be taken in the interest of Malta, some of which might not be exactly popular immediately in the short term but will be of benefit to the country in the longer term.”
“Malta is nearing breaking point, with full employment putting immense pressure on the nation’s infrastructure, particularly in areas such as traffic …