Malta's digital economy had developed faster than the EU average this year, Digital Economy Minister Emmanuel Mallia told parliament this evening. Dr Mallia said the EU Commission's Digital Economy and Society Index revealed that Malta's development was on par with that of Germany and Holland, and showed the government's continuing commitment to investing in the digital economy. Opening the debate on the minister's budget votes, Opposition MP Claudio Grech said that there was a pressing need for more investment in national infrastructure. The government's role in promoting diversity in various digital sectors was not to be underestimated, and Malta should attempt to become a global leader in terms of speed and reliability of broadband services, he said. With Britain leaving the EU, the FinTech service sector, while already important to the Maltese economy, offered the Maltese Islands an opportunity to establish itself as a hub for such services. Antoine Borg (PN) said investment in FinTech, coupled with diversification into further niches in the digital economy, would position the Maltese Islands as a "digital nation". The main obstacle to such development continued to be the...
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