On Wednesday 24 August, the European Commission authorised Malta's plans to support the creation of a development bank ('Malta Development Bank' or 'MDB') by means of a capital injection of €200 million, as well as through guarantees and tax exemptions up to the amount of approximately €55 million.
The MDB will offer financing to SMEs which are struggling to finance themselves on the market. It may also support infrastructure projects in the event of insufficient or non-existent...