The State of the Maltese Economy

Wednesday 27th March 2019 -  9:00 - 13:30 -  The Exchange Buildings, Republic St, Valletta

The Malta Chamber of Commerce, Enterprise and Industry and EMCS are organising 'State of the Maltese Economy - An analysis of the performance of the Maltese Economy' on Wednesday, March 27, 2019.  The event shall feature addresses by the Prime Minister of Malta Dr Joseph Muscat, the Leader of the Opposition Dr Adrian Delia as well as a key-note speech by Prof Peter Mckiernan, Professor of Management and Director of the Global MBA at the University of Strathclyde in Scotland.



09:00 – 09:05   Welcome Speech
Frank V. Farrugia, President of the Malta Chamber Of Commerce, Enterprise and Industry
09:05  –  09:35 Key note speaker
   Prof Peter Mckiernan – The makings of a successful economy? Malta and the world
09:35  – 09:55  Setting the scene – Review of the performance of the Maltese economy
   Dr Gordon Cordina – Enablers and Constraints to the Growth of the Maltese Economy
10:00 – 10:30  First Policy Input
 Interview with the Prime Minister of Malta, Dr. Joseph Muscat
Moderator Stefano Mallia
Sectorial review of Malta’s Economy
10:30 – 10:50Robert Geismann – Consumer confidence and performance of the retail sector
10:50 – 11:10Dr Philip Von Brockdorff – Performance of the Manufacturing Sector
11:10 – 11:30   Q&A
11:30 – 12:00   Coffee Break
12:00 – 12:30  Second Policy Input
  Interview with the Leader of Opposition, Dr. Adrian Delia
12:30 – 12:50  Panel Discussion:- Is Malta’s economic growth sustainable?
David Xuereb – Marisa Xuereb – Nicholas Zahra – Stephanie Fabri
 Moderator – Silvan Mifsud
12:50 – 13.00 Concluding remarks


To book your place for this event please send an email to or call on +356 2203 2000



PETER MCKIERNAN is Professor of Management and Director of the Global MBA at the University of Strathclyde in Scotland. He has held Professorial positions at the Universities of Warwick, St Andrews, Malta and the Sir Walter Murdoch Chair in Management and Governance at Murdoch University, Australia. Professor McKiernan been President of the British Academy of Management (BAM) and of the European Academy of Management (EURAM). For the last 3 years, he has held the APS Bank Chair in Strategy at the University of Malta. Presently, he holds a Distinguished Adjunct Professorship at Vesalius College, Vrje University of Brussels and an Adjunct Professorship at the University of Notre Dame, Australia.

Peter holds a Distinguished Adjunct Professorship at Vesalius College, Vrje University of Brussels and an Adjunct Professorship at the University of Notre Dame, Australia. Peter holds 7 Fellowships - of the BAM, the EURAM, the Governance Institute of Australia, the Institute of Chartered Secretaries and Administrators, the Academy of Social Sciences, the Royal Society of Arts and the Chartered Management Institute. He is an inaugural Companion of the Association of Business Schools (UK).

Peter’s main research focus is on how countries, institutions and organisations learn about how their future might unfold and how they might prepare their current policies/strategies to cope. His prize-winning research has appeared in top academic journals in the US and in Europe. Peter sits on the Boards of several academic journals. Additionally, he has published 10 books, including the best seller – Sharpbenders, and Strategies of Growth, Inside Fortress Europe, Strategic Foresight and Productivity and Innovation in SMEs in Singapore and SE Asia.

In strategic foresight and strategy, Peter has also worked with countries e.g., Scotland, Singapore; regions e.g., Fife, Grampian, Stirlingshire; cities e.g., Edinburgh; island economies e.g., Shetlands, States of Jersey; and, blue-chip organisations around the world e.g., IBM, BP, Philips, Jardine Matheson, Reed-Elsevier, Siemens-GPT, Marks and Spencer. Additionally, he has held many Board positions in the private and public sectors e.g., the Chartered Association of Business Schools (CABS), and chaired those of major public bodies e.g., West Lothian FE College.

Von Brockdorf

PHILIP VON BROCKDORFF graduated from the Unversity of Malta, Wales and York, and is Head, Department of Economics at the University of Malta. He has authored several academic papers in areas such as transport, pensions and human capital. He has served as consultant on a number of relevant topics such as rent policy, collective bargaining and pensions.

He is a member of Economic and Social Committee in Brussels, representing UHM, Voice of the Workers, and EESC member was appointed as rapporteur on a number of EESC opinions of note such as the European Investment Stabilisation Fund, the Stronger International Role of the euro, and Pan-European Pension Products.

Robert Geismann

ROBERT GEISMANN is a Partner in the advisory practice of EMCS. He specializes in information system strategy, IT Outsourcing, CRM and analytics.

He started his career at EMCS conducting economic and market research and subsequently moved into the provisions of strategic and operational advisory services. In 2007 he setup and managed the group's IT outsourcing subsidiary. From 2008 he was also Technical Director at the group's UK based payroll outsourcing and HR hosting subsidiary which was subsequently acquired by the Access Group.

Robert is responsible for the IT outsourcing services which include the day-to-day support of Business Intelligence, CRM, HR and messaging and collaboration applications for clients in Germany, UK and Malta as well as the hosting infrastructure.

His experience includes the design, implementation and on-going operations of large business intelligence and reporting system, CRM systems, e-Learning applications, and social collaboration portals. He has assisted clients in IT strategy formulation, system requirement specification, vendor selection and implementation project management. He has worked for clients in the financial services, health, telecommunications, professional and public sectors. These include subsidiaries of Deutsche Telekom and DaimlerChrysler, the Malta Communications Authority, Mitsubishi UFJ Trust and Banking, and the European Commission.

He holds Masters in Business Administration (MBA) from Warwick Business School with a specialisation in strategic planning and information systems strategy and management, an honours degree in Economics as well as first degree in Commerce from the University of Malta.

Stephanie Fabri

DR STEPHANIE FABRI is an economist by profession with work experience in both private- and public-sector. Stephanie forms part of the academic staff of the Department of Management at the University of Malta and has been lecturing in various Departments at the University for more than eight years. Dr Fabri read for her PhD at the University of Warwick (Warwick Business School) and her dissertation looked at strategic management in British companies. In her dissertation, she applied mathematical models used in Artificial Intelligence (fuzzy-logic methods) to the social sciences. Prior to getting her doctorate, Stephanie graduated with a MSc in Public Sector Economics from the University of York and read for her first degree in economics from the University of Malta.

David Xuereb

DAVID XUEREB is a Graduated in Architecture and Civil Engineering in 1991 and then in Structural Engineering in 1993. He led an architectural professional practice, David Xuereb & Associates which has been integrated in QP Management in July 2012. His technical experience varies widely. His interest started in architecture, with emphasis on structural design and specialization in structural steel design including temporary structures.

His career then focused on specialized material science and has lately been very active in the field of energy performance of buildings, sustainable design and building practices and the green building industry. The nature of his responsibilities moved him to implement technical and operational management of the teams he led in his career. He is active on the Building Industry Consultative and Executive Councils, the Climate Change Consultative Council and the Malta Chamber of Commerce.

He is also a Trustee of the Conservatorio Vincenzo Bugeja. David has lectured and provided presentations and papers in various institutions and universities in all areas of interest with particular emphasis on resource efficiency, conservation and sustainability in the field of the built environment and climate change.

Gordon Cordina

DR GORDON CORDINA is co-founder and Executive Director of E-Cubed Consultants. He is a graduate of the University of Cambridge and the University of Malta. His main area of research interest is the sustainable growth and macroeconomic dynamics of small and micro economies. His research in this area varies from macroeconomic and growth patterns to econometric modelling to environmental sustainability.

Dr Cordina has served as Director General of the National Statistics Office of Malta, as Economic Advisor to the Malta Council for Economic and Social Development, as Head of the Research Department of the Central Bank of Malta and as Head of the Economics Department of the University of Malta. He has been involved in a number of local and international research projects and consultancy assignments with institutions including the EU Commission, Government ministries and authorities, NGOs and private sector entities. Currently serves as non-Executive Director on the Board of HSBC (Malta) plc. He is a visiting senior lecturer at the University of Malta.

Marisa Xuereb

MARISA XUEREB is an economist who has been working in the manufacturing industry for the past 22 years, for the greater part as Managing Director of a German-owned manufacturing company.

She has been a Council Member of the Malta Chamber of Commerce, Enterprise and Industry for the past four years, serving as Vice-President for the last two.

She is a Director of Malta Enterprise, and represents the Chamber on the Board of Governors of Education Malta and the Technology Development Programme Committee of the Malta Council for Science and Technology.

Nicholas Zahra

NICHOLAS ZAHRA is a second-generation entrepreneur involved in businesses which fall in two groups; financial services, and non-financial services. His endeavors in the financial sector include a turnkey asset management platform, fund management, pension trustee services, advisory and wealth management, lending and leasing operations and payment services.His non-financial involvements include automotive services, tourism, pest control and property development.

A graduate of the CFA Institute, Nicholas’ key interests are geopolitics, history and current affairs, followed by financial markets, and civil engineering. His unique combination of interests provides him with an excellent macro view and a long-term, international perspective, which he uses to draw up long term forecasts and applies to his businesses.

chamber                    emcs

The State of the Maltese Economy