3 March 2014

Malta is fourth most specialised economy in EU

Times of Malta 20/02/2014: Malta ranks fourth in terms of specialised industrial structures in the EU, according to a European Commission report.

Top place went to Ireland, which has a very strong pharmaceutical base; Sweden, which saw a considerable increase in the refining of petroleum products; and Romania, active in agriculture and fisheries, food products and textiles.

The European Commission report, ‘Competing in global value chains’, looked at the changes in specialisation between 2000 and 2012. Malta saw the most dramatic change in the category for arts, entertainment and recreation, which includes online gaming, which changed from an index of 1.40 to 6.45. Pharmaceuticals also grew from an index of 0.27 to 2.12, while furniture...read on.