Advert

Brazilian company closed shop, minister admits

Video: Mark Zammit Cordina

The Brazilian company at the centre of political controversy since it was mentioned during a debate between the Prime Minister and the Opposition leader last Friday, had now closed shop, Finance Minister Tonio Fenech admitted this morning.

Speaking during a visit to ArrowPharma in Hal Far, Mr Fenech admitted that the company, which remained unnamed, had closed shop but said that, at one point, it employed 35 people.

He said the company had relocated to Malta from Libya because of the situation there but since the situation in the Arab state had not improved, it had now decided to close shop.

Dr Gonzi had first mentioned the arrival of the Brazilian company without naming it in February during a debate with Dr Muscat that was organised by The Times.

The Prime Minister had described it as “a very big company” that got to know about the island at the height of the Libya crisis when it evacuated its workers through Malta.

CLARIFICATION

In a clarification this afternoon, the minister said that 160 new factores had started-up or expanded investing €350 million.

This meant the creation of 3,700 jobs over a three-year period.

Advert

Comments are submitted under the express understanding and condition that the editor may, and is authorised to, disclose any/all of the above personal information to any person or entity requesting the information for the purposes of legal action on grounds that such person or entity is aggrieved by any comment so submitted.

At this time your comment will not be displayed immediately upon posting. Please allow some time for your comment to be moderated before it is displayed.

For more details please see our Comments Policy

Comments not loading? We recommend using Google Chrome or Mozilla Firefox with javascript turned on.
Comments powered by Disqus
Advert
Advert