Corporate DispatchPro NATHANAEL MUSCAT
MALTA SCORES LOWEST TAXES ON ELECTRICITY PRICES IN THE EU The share of taxes and levies worked into electricity prices for Maltese households stood at six percent at the end of last year, the lowest rate in the EU. Figures by Eurostat reveal that, on average, taxes and levies accounted for about 40 percent of household electricity prices in EU states in the second half of 2019, rising to 54 percent in Germany and 64 percent in Denmark. Statistical data for the last six months of last year, also shows that Malta had the fourth-lowest household energy prices calculated in absolute terms, at around â‚Ź13 per 100 kWh. However, adjusted to purchasing power standards relative to each country, prices in Malta were the third-lowest following Finland and Luxembourg and ahead of France and Sweden. Expressed in euro, the average price in the EU stood at â‚Ź21.6 per 100 kWh, an increase of 1.3 percent compared with the second semester of 2018, reflecting the overall inflation rate measured by the Harmonised Index of Consumer Prices (HICP). MALTA: TOURISM DROPS BY MORE THAN HALF IN MARCH The total number of inbound tourists decreased by 56.5 percent in March, compared with the same month last year. Figures by the National Statistics Office reveal the harsh reality for the tourism 23
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