MoU signed on first trade delegation to Poland

6th June 2018 • News

Minister Chris Cardona is currently in Poland leading the very first trade delegation to the country compromising of some 50 strong business leaders and entrepreneurs to explore business and investment opportunities between the two countries. The delegation is made up of officials from companies in financial services, information communication technology (ICT) services, training and education, with main export activities in manufacturing – including food and beverage, furniture, retail, and logistics services.


A Memorandum of Understanding was signed during the business forum between the Maltese Chamber of Commerce, Enterprise and Industry with its counterpart the Polish National Chamber of Commerce to cement further collaboration. The forum was a joint effort between the Maltese Ministry and the Polish Ministry of Entrepreneurship and Technology, designed to promote strategic collaborations between Maltese and Polish economies and a hands-on understanding of business opportunities existing in both regions as well as building new partnerships while strengthening existing ones.


In Warsaw, Minister Cardona also addressed a conference at SSW Pragmatic Solutions on the financial services sector in Malta, together with Ambassador of Malta to Poland Natasha Meli Doudey and the Honorary Consul of Malta in Poland Michal Moczkowski. Aside from describing possible investment opportunities in financial services, Minister Cardona focused on Malta’s trailblazing role as a leader in the DLT, fintech, and blockchain industry through legislation.


With the publication of the latest NSO figures on GDP earlier today, Minister Cardona said, “It is a pleasure to be on a trade delegation, sharing our economic strategy and showcasing our nation as a place of enterprise and industry and receive such news. Malta remains one of the fastest growing economies in the EU28. Comparing Q1 2018 with Q1 2017 the Maltese economy in real terms grew at a sustained pace of 4.4%, with all economic sectors have recorded growth. This bodes well for our meetings here”.


A meeting was also held with Cardinal Kazimierz Nicz to discuss religious tourism between the two countries.


Source:  Press Release issued by the Ministry for the Economy, Investment and Small Business