High-Growth Enterprises In Malta Down By 18 Per Cent

3rd April 2019

High-growth enterprises are defined as enterprises with an average annualised growth in the number of employees of more than 10 per cent per year over a three-year period and at least 10 employees when the growth began.

The number of high-growth enterprises in Malta fell by 18 per cent in 2017, the steepest fall out of all the EU member states, according to Eurostat.

High-growth enterprises are defined as enterprises with an average annualised growth in the number of employees of more than 10 per cent per year over a three-year period and at least 10 employees when the growth began.

They play an important role in contributing to economic growth and job creation.

In Malta, there was a massive leap in the number of high-growth enterprises between 2015 (251) and 2016 (350).

However, a year later, in 2017, the number had fallen back down to 281.

In 2017, the number of high-growth enterprises in the EU overall increased by 6 per cent compared with 2016. According to the preliminary data for 2017, the number of high-growth enterprises in the EU was 190 000, compared with 180 000 in 2016.

These enterprises provided jobs for around 16 million employees: a year-on-year increase in employees of 5 per cent.

The number of high-growth enterprises increased by more than the EU average in 16 EU Member States, including Cyprus, Slovenia, Finland, the Netherlands, Italy, and Lithuania.

Besides Malta, high-growth enterprises decreased in four other EU member states: Slovakia (-8  per cent), Hungary (-3 per cent), the United Kingdom and Romania (both -2 per cent).


3rd April 2019

The result was achieved two years ahead of the originally planned time-frame, due to the fact that business effectively doubled over the last four years since 2014.

3rd April 2019

The attempted hold-up of an HSBC branch by a hooded man with a firearm was reported at around 11.15am, the police said.

Vanessa Conneely - 2nd April 2019

Joseph Gauci says the Maltese snack is a huge hit in the States.

2nd April 2019

MFSA's Head of Securities and Market Supervision Chris Buttigieg said the first batch of approvals was an important milestone in the regulation of cryptoassets.