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POSITIVE BUSINESS RELATIONSHIPS WITH GERMANY SUGGEST MALTA AS A HUB FOR BUSINESS OPPORTUNITIES

Reference Number: PR 2350, Press Release Issue Date: Oct 26, 2012
 
Earlier this week the Hon. Jason Azzopardi, Minister for Fair Competition, Small Business and consumers led a business delegation in Hamburg in “Malta - more than just an Island in the Mediterranean” event. The main aim of the visit was to promote Malta’s business potential, as an attractive investment location and international centre for trade.
 
Minister Azzopardi was accompanied by the Ambassador of Malta to Germany Mr. Karl Xuereb, the Ministry’s Head of Secretariat Mr. Lino Mintoff and Malta’s Honorary Consul for Hamburg Mr. Johann S. Reith as well as other officials from Malta Enterprise including the Chief Officer for Trade, Investment and Enterprise Support Mr. Joe Schembri, ME Consultant in the Germany Office Ms Sonja Winner and the Regional Leader for Germany at ME Ms Josephine Farrugia.
 
The business event was organized by Malta Enterprise and the ‘Manager Lounge’ in collaboration with the Embassy of Malta in Berlin. The Manager Lounge events are regularly supported by the prestigious German business magazine ‘Manager Magazin’.
 
Minister Azzopardi delivered a keynote speech in which he highlighted the importance of the excellent IT infrastructure that Malta hosts, the proximity to the emerging markets in North Africa, as well as other schemes and incentives that will help investors to seriously consider to open their businesses in Malta. He also provided an update of the current economic situation in Malta. The Minister’s speech was followed by a panel discussion, including Mr. Karl Xuereb, Ambassador of Malta to Germany, Mr. Reith, Honorary Consul of Malta and Managing Director of ‘Orion’ Bulkers GmbH & Co KG, Joe Schembri of Malta Enterprise, Kai Zuchold, Head of Business Development TAS AG and Mirko Rapa of PriceWaterhouse Coopers Malta.
 
The Ambassador of Malta to Germany, in his panel key note, highlighted the excellent German Maltese relations that exist between both countries and reiterated the fact that Germany was not only Malta’s number one source of FDI, but also a centre point of outstanding trade and tourism. 
 
About 30 representatives of German companies from different sectors such as financial services, management consulting or pharmaceuticals, participated in the event. In a Question & Answer, session that was opened after the panel, theses representatives had the opportunity to inquire further on business conditions in Malta and special incentives and schemes.
 
This event is part of a series of events being organised by Malta Enterprise with the support and collaboration of the Embassy of Malta in Berlin to promote investment and trade between Malta and Germany.