More than 30 per cent of companies in Malta have a shortage in skills, according to a European Commission document on Malta.
Malta’s key challenges in the context of robust economic growth were mostly related to its longer-term sustainability, the document said. The problem was worsened by the fact that the rate of early school leavers in Malta remained very high and had not improved much compared to the previous year.
While growth prospects looked favourable and the fiscal outlook remained positive, the mounting pressure on infrastructure and natural resources, rising housing prices, as well as shortages of labour and skills might create challenges in the future.
Reducing the infrastructure gap, improving labour supply, strengthening the business environment and promoting environmental sustainability remained key policy priorities to sustain long-term growth.
It added that better monitoring in the financial sector was an additional important factor to safeguard financial stability and preserve Malta’s attractiveness and good reputation as investment destination.