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  • Why Malta?
    The Political Environment


    Political Violence

    Recently there have been no incidents associated with politically geared damage to projects and/or installations, and there are no indications that civil disturbances may become more likely.

    Corruption

    Since 2001, Malta has been a member of the Council of Europe's Group of States against Corruption (GRECO). According to a report drawn up by GRECO in January 2005, "de facto instances of corruption within the public administration are rare". GRECO also commented that: "Malta promotes international and coordinated actions to prevent and fight corruption, organized crime and money laundering and takes account of the link between these crimes. It has taken several initiatives to adopt the legal provisions concerning the seizure and forfeiture of proceeds of crime as well as the criminal and civil liability of legal persons with a view of implementing the Criminal Law Convention on Corruption. Minor adaptations are still required. It also adapted in 1995 a Code of Ethics for employees in the public sector and subsequently several other code of ethics".

    GRECO notes that: "Malta still lacks a comprehensive anti-corruption strategy and appropriate coordination for implementing and monitoring such a strategy in the public sector and in specific areas of law."

    Transparency International ranked Malta 45th in its corruption rankings of the world's economies in 2013, behind several EU member states, such as the UK and France, and ahead of Italy which was in the 69th place.

    Malta has signed all the relevant Council of Europe conventions on corruption. In 2004, it ratified the Council of Europe's Civil Law Convention on Corruption, which it had originally signed in January 2003.

    OPIC and Other Investment Insurance Programs

    Malta is certified for OPIC investment guarantee schedules. Malta's leading trading partners, who include the UK, Germany, France and Italy, offer insurance programmes comparable to OPIC’s that cover investments in Malta. Malta is also a member of the Multilateral Investment Guarantee Agency (MIGA).

    Labour

    Malta's labour force stood at roughly 157,730 (59%) in 2012, the number of unemployed persons at 7,401 (6.4%). The country's population is about 421,364, the lowest in the EU. The national minimum monthly wage is approximately €697.

    Employees are permitted 24 days leave per year and 14 public holidays. Sick leave entitlement varies according to the industrial sector.  

    Overseas businesses that have invested in Malta have a high regard for the ability, efficiency and learning potential of local workers, most of who speak English. In some industries, labour productivity is equivalent to Western European countries and Maltese managers now run most of the foreign firms in Malta. From a labour point of view, Malta enjoys one of the lowest strike rates in Western Europe, and labour conflict is doubtful in the foreseeable future. The Government firmly adheres to the ILO convention protecting workers' rights.