Foreign Direct Investment in Malta grew sharply last year, fueled by the financial services industry, official figures issued today show.
FDI flows in Malta from the rest of the world amounted to €792.1 million during 2010, an increase of €250.6 million over 2009. Most of the increase was in equity capital. Reinvested earnings registered a decrease of €106.0 million.
The increase in FDI in Malta was mainly attributable to companies originating from outside the European Union, accounting for 68.8 per cent of the increase.
As in previous years, enterprises involved in financial intermediation were the largest contributors of FDI flows in Malta, accounting for 84.5 per cent in 2010, while the same sector accounted for 76.6 per cent in 2009. This results in 78.8 per cent of total stock of FDI in Malta attributable to the financial intermediation sector. end December 2009.