Malta Tenders


Capital Valletta
ISO 3166 Code MT
Population 416,055
Area, Sq KM 316
Currency Euro
Official Language Maltese, English
GDP, Billion USD 8,722
GDP Growth Rate, % 2.2
Inflation, Avg CP, % Chng N/A
Interest Rates, % N/A
Unemployement Rate, % 6.3
Exchange Rate, 1 USD Equals .88
International dial code 356
Time Zone GMT+01:00
Internet TLD .mt

Malta is a Southern European island country and it comprises of an archipelago in the Mediterranean Sea. Malta lies 284 km east of Tunisia, 80 km south of Italy, and 333 km north of Libya. This country covers a total area which is just over 316 square kilometers and has a population of 450,000 which in turn makes this country, one of the smallest countries in the world along with making one of the most densely populated countries as well. Valletta is the capital of Malta which is situated at 0.8 km2 and known to be the smallest national capital in the European Union. The country has two official languages: English and Maltese. The location of this country has helped to a great deal in giving it a strategic importance as a naval base, along with a succession of powers which includes the Romans, Phoenicians, Normans, Moors, Sicilians, Spanish, Knights of St. John, British and French have ruled the islands. British Parliament passed the Independence Act in the year 1964 shortly after which Malta gained independence as an independent sovereign from the United Kingdom. However, the country became a republic in 1974. The country became a part of the United Nations in 1964, Eurozone in 2008 and the European Union in 2004. The official religion of Malta is Catholicism. Malta happens to be very popular tourist destination as its warm climate along with numerous recreational areas and historical as well as architectural monuments, including three UNESCO World Heritage Site and some of the oldest free-standing structures in the world make it one of the famous tourist destinations in the world. This country is classified as an advanced economy according to the International Monetary Fund. Until 1800 Malta depended on tobacco and cotton along with its shipyards for exports. In 1869 the Suez Canal opened which in turn gave the economy of Malta a great boost. There was also an increase in the shipping massively in the shipping which entered the port. Ships stopping at Malta's docks for refueling also helped with the trade and ultimately brought additional benefits to the island. However, by the 1940’s the economy of the country was in serious trouble and one of the prominent reasons was the merchant ships that were launched newly then and required less frequent refueling stops. The current economy of Malta highly depends on tourism, manufacturing along with film production and foreign trade.

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