eu flags

The Ministry for Finance and Employment on Tuesday announced that Malta received the second tranche of €123 million nominal in financial support in the form of a loan given on favourable terms under the SURE Instrument from the European Commission.

The financial support is specifically targeted to assist member states to address sudden increases in public expenditure in response to the COVID-19 outbreak. It was designed to preserve employment, including self-employment and other related measures.

This amount represents the second and last tranche from the amount of €243.6 million nominal that was allocated to Malta last year in connection with the implementation of European Council decision regarding the establishment of a European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) in response to the COVID-19 outbreak.

More details about this loan can be found in the table below:

 15-Year Loan
Nominal Amount€123,000,000
Coupon0.20%
Yield0.228%

Related

How did COVID-19 impact the labour and skills shortage?

March 22, 2023
by Arnas Lasys

Malta's labour supply and employment rate both grew by around 75% between 2005 and 2021

Malta Employers Association elects new council, sectoral representatives

March 22, 2023
by Robert Fenech

MEA president Joanne Bondin focused her speech on the need for good governance and upskilling

Malta Bankers’ Association organising workshop on property valuation

March 22, 2023
by BN Writer

The workshop will focus on distinction between market and prudent value