Malta

The Republic of Malta is a small and densely-populated island nation in southern Europe. It consists of an archipelago in the middle of the Mediterranean Sea directly south of Italy and north of Africa. These strategically-located islands have been ruled and fought over by various powers over the centuries.

Economy (today)

Main article: Economy of Malta

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Malta?s major resources are limestone, a favourable geographic location, and a productive labour force. Malta produces only about 20% of its food needs, has limited freshwater supplies, and has no domestic energy sources. The economy is dependent on foreign trade (serving as a freight trans-shipment point), manufacturing (especially electronics and textiles), and tourism.

Related Topics:
Limestone - Labour - Tourism

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Malta has recently privatised some state-controlled firms and liberalised markets in order to prepare for membership in the European Union, which it joined on May 1 2004. Malta and Tunisia are currently discussing the commercial exploitation of the continental shelf between their countries, particularly for petroleum exploration.

Related Topics:
Privatised - European Union - May 1 - 2004 - Tunisia - Petroleum

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