Beneficial effects for the Maltese economy thanks to EU fundsFebruary 9, 2018
Hat: Beneficial effects for the Maltese economy thanks to EU funds
Funding Scheme: 2018-02-09
Pgm2014 2020: Yes
The key sectors of the Maltese economy have seen a revitalization through European funds which has led to an improvement in the quality of life of citizens.
Given the beneficial effects of European funds (European Regional Development Fund and Cohesion Fund) from the 2007-20013 programming period an additional allocation of 700 million euro has been allocated for the 2014-2020 programming period in order to support the Maltese economy. Funds have been allocated mainly for R&I infrastructure and to strengthen relations between Universities and industry.
Due to the lack of natural resources, the size and the geographical situation of Malta, it is essential to develop specific niche markets in which the country can excel and produce economic wealth.
Url description: DG Regio