The Opposition has presented a motion in parliament calling for a debate on the situation of Maltese investment in Libya and urging the government to help Maltese investors in these turbulent times, without placing new burdens on Maltese taxpayers.

The motion was presented this evening by MPs MPs Charles Mangion and Karmenu Vella.

The motion notes that over the past 40 years, a number of Maltese had invested significantly in Libya to the benefit of both the Libyan and Maltese economies.

There was also significant Libyan investment in Malta, also employing many Maltese,

In view of the current upheaval in Libya, there was uncertainty about their investment and about the employment of their Maltese workers.

The motion says that in the same way how the Maltese government has contributed for bailouts of companies abroad, it should also seek to help the Maltese investors until stability returns to Libya.

Such assistance, the motion says, should not impose additional burdens on Maltese taxpayers.

 234 companies have invested or trade with Libya. Some 400 Maltese worked in Libya.

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