The French Link Issue 4 by The Dispatch Media

The French Link Connecting Maltese and French Businesses

ISSUE 4

DECEMBER 2023

ASSOCIATED PARTNERS 1

Message from Mr Joseph Bugeja President of the Maltese French Chamber of Commerce Mr David Fleri Soler, also an ex-President of our Chamber and who has kindly made the necessary arrangements to house this AGM at Express Group this evening. David has long years of vast experience in logistics and transport. Mr John Rausi, our long-standing Treasurer and an anchor of our Chamber. A person with long business experience and a great point of reference for me personally. Dr. Kevin Deguara, our Vice President. A lawyer by profession and with the backing of long years of experience in the legal field and business aspects.

MALTESE FRENCH CHAMBER OF COMMERCE TRIENNIAL GENERAL MEETING 10th October 2023 Your Excellency, members colleagues. On behalf of my colleague Council members, it is my pleasure to welcome you to our Triennial General meeting of the Maltese French Chamber of Commerce. The period under review is actually an extended period as a result of the pandemic experience that we were all obliged to go through. In fact, my report covers the period 2018 to 2023 since our scheduled AGM scheduled for March 2021 had to be cancelled due to the COVID restrictions prevailing at the time. One of the decisions taken by the Council at the time was to waive one full year membership to make up for the limited activities that the Chamber had to observe. It is therefore a great pleasure to be here together living, what we term ‘normal’ conditions. First and foremost, I would like to sincerely thank my Colleague Council members for their continued support to me as the President. The support is fundamental particularly when we consider that our Chamber is a Voluntary Organisation, hence the personal time dedicated to the Chamber’s work is motivated by the passion for our mission. Sincere thanks to: Mrs Bernadette Bonnici Kind. An exPresident of our Chamber and today Chairperson for Hospice Malta. A professional lady indeed.

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Dr Gilles Gutierrez. A French contribution to our Council together with long years of medical scientific R&D experience leading to his business aspect being established both in Malta and French Polynesia through the creation of innovative medical supplements. Ing. Emanuel A. Farrugia. Our Engineering contribution backed up the extensive of experience in the engineering sector, as well as his long years of living in France. Mr Richard Cleland. Another foreign professional who is crucial to many events held by the Chamber. A person full of initiatives and business experience particularly in high end luxury French produce. Mr Mario Genovese. A professional person with vast ranging experiences in the fashion industry, marketing, IT and in sports, namely in table tennis. A valid person to the Council. Ms. Odette Vella. Our ex Charge de Mission who has been instrumental to our Council. A very hard working person who continuously supports our initiatives. A very well-known person within the French Embassy and community. She studied and lived in France. Last but not least, our most recent Administrative arm who is carrying out excellent work to the Chamber. A sincere thank you to Ms Francesca Armeni who has accepted to join our Team as Secretary to Council. I must now thank our loyal and long-standing members who year after year continue to support our Chamber without fail. Our existence is completely tied to our members, many of whom are our long-standing friends as well.

It is inevitable that I now extend my most sincere gratitude and appreciation to our Associate Partners, that is BANK OF VALLETTA and RCI INSURANCE.

8th June 2021, our Chamber in cooperation with the French Embassy in Malta, organized a fully fletched Webinar under the title “MALTA - SMART ISLAND” on the pressing challenges of eMobility. Orchestrated by HE Brigitte CURMI, Ambassador of France in Malta, the webinar gathered online more than 50 attendants. The Hon Ian BORG, Minister for Transport and Infrastructure and the Hon Miriam DALLI, Minister for Energy, Enterprise and Sustainable Development expressed their views. They both insisted on the target of a carbon-neutral economy in 2050 as a strategic priority that is consistent with the main infrastructure investments planned all across the Maltese islands.

Our Chamber of extremely obliged to Mr Kenneth Farrugia, CEO of BOV and Mr Frank Zammit, H. E. Ambassador of Malta to the Holy See and to RCI INSURANCE’s Managing Director - Mr Thomas Groleau The financial support from our Associate Partners is extremely fundamental. Please allow me to take you through some chronological points in relation to the work carried out by the Maltese French Chamber of Commerce during the period under review: •

The last Triennial General Meeting was held on Wednesday 28th March 2018 at the Corinthia Palace & Spa, Attard.

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29th April 2022 a Social Networking Event was held at The Palace Hotel in Sliema. Another very successful event with over 150 guests whereby our Chamber formally introduced H.E. Madam Ambassador Agnès VON DER MÜHLL to our members.

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14th September 2022. Our Chamber took the initiative to organize a very particular Business Lunch at Rosami at The Villa in St. Julians. The Minister for Foreign Affairs Dr. Ian Borg and H.E. Madam Ambassador Agnès Von Der Muhll were the main guests together with other top officials from the Ministry and Embassy, we well as Associated Partner, Mr Kevin Farrugia CEO BOV and Mr Thomas Groleau Managing Director of RCI participated to the lunch business discussion.

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3th May 2023. Social Networking event was held at Xara Lodge under the patronage of Madam Ambassador Agnes Von Der Muhll and the Minister of Foreign Affairs and Trade. Indeed, a very successful social event with the participation of members and distinguished business guests.

• on 14th June 2018 at Palazzo de Piro, Mdina we had the MFCC BOV - eTrader+ Investor Clinic, The French Economy – A Macroeconomic & Political Perspective •

on the 18th October 2018, our Chamber had formally welcomed Her Excellency Ambassador Brigitte Curmi with all our members during an event held at Giardini Lambrosa in Rabat

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on the 19th December 2018, the MFCC organised a very well attended Christmas Dinner held at Villa Arrigo, Naxxar

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on the 29th April 2019, our Chamber organise The Malta-France Business Forum at the Corinthia Palace Attard as part of its 30th Anniversary. The panel discussed the main theme of “Doing business with France over the years and what is different in today’s environment”

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on the 13th June 2019 an Extraordinary General Meeting was held at Busy Bee Business Centre Birkirkara with the scope to amend the Statute and seek support to apply as a Voluntary Organisation. This was a long overdue objective but we can finally be proud of our full compliance which was achieved by the end of 2020 under VO NUMBER 2012. On the 11th September 2019, the Chamber took the initiative to organize a conference at The Grand Hotel Excelsior Floriana with the aim to discuss “The Evolution of the Banking Industry, Strengths and Challenges”. This was a very successful initiative that created very interesting debates.

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To celebrate its 30th Anniversary, The Maltese French Chamber of Commerce organised a Gala Social Cultural Event at The Grand Ballroom, Phoenicia Hotel Floriana on the Friday 18 October 2019.

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This is were COVID had restricted our initiatives to Webinars. On the 17th December 2020 and

In order to reach out to our members, our Chamber releases very interesting and informative newsletters with the most recent one sent during June this year. We have now already embarked on our next newsletter which is intended for release late October this year. Another initiative which we undertake in support of the French Embassy, is the annual release of FOCUS FRANCE. This applied during 2019, 2021 and 2022. Focus France is a very challenging task but we take it on board with pride. This year a fresh initiative was taken by the Embassy and our Chamber to organize a ‘FrenchMaltese Village Feast’ in Zebbug the day after the French National Day. The Chamber is also highly involved in several meeting with representatives from the French Regional Economic Services based in Rome, Business France, Consuls meetings in Paris and in Italy as well as with the Malta Chamber of Commerce, Enterprise and Industry. The Council members hold regular monthly meetings to ensure continuous focus and proper planning. Thank you for listening and we will now proceed with the next agenda items.

Message from HE Agnès Von der Mühll French Ambassador to Malta

I want to thank all the Board Members of the French Maltese Chamber of Commerce for their dedication to the relations between our two countries and to the fostering of economic exchanges and investments in malta and in France. France just launched an international campaign that sends a powerful signal to the international business community worldwide that will build on France’s strengths: industrial and economic dynamism, innovation potential, and cultural and artistic vitality. On a global scale and particularly in Europe, thanks to the ambitious reforms in recent years, France stands out as a country conducive to investment and innovation. In 2022, France ranked 1st in Europe in terms of foreign investment, for the fourth consecutive year. It has even ranked 1st in Europe for industrial investments for 20 years and for R&D projects since 2018. 16,900 foreign companies are present in France, many of which for decades. These companies contribute to 20.1% of the revenue of companies in France and 16.5% of value added, and employ 11.9% of the workforce. France has indeed much to offer to businesses and foreign investors. Let’s take a look at the French economy – beyond the clichés.

Article published in STOM of 12/11/23

FRANCE IS A GLOBAL ECONOMIC POWER France is the world’s seventh-largest economy and Europe’s second-largest market with over 67 million consumers. The French economy goes beyond the well-known economic sectors of luxury goods and agrifood but also has strong banking and insurance sectors as well as energy and automotive industries.

FRANCE IS OPEN TO FOREIGN INVESTORS AND LOCATED AT THE HEART OF EUROPE 21 foreign companies choose France for new investments every week. Companies with foreign capital make up 21% of work in industry, 30% of French exports and 21% of domestic R&D expenditure. PARIS: THE EUROPEAN UNION’S LEADING FINANCIAL CENTRE Paris is above London and New York in the ranking of cities that are home to the most Top 500 businesses’ headquarters. Paris is a global financial centre and the European leader in venture capital. Four French banks are in the global banking top 20. A NATION OF ENTREPRENEURS France is the leading business creator in Europe. It takes only 3.5 days to create a business in France, compared to 4.5 in the UK and 10.5 in Germany. HIGHLY QUALIFIED AND PRODUCTIVE HUMAN RESOURCES France is investing heavily in its education system (5% of GDP). It has a highly qualified, adaptable workforce. France ranks 7th for hourly labour productivity, ahead of Germany and the UK. AN INNOVATIVE COUNTRY France ranks 6th in the world for domestic research and development spending (2.2% of GDP). The main R&D investment sectors are cars, aircraft and spacecraft manufacturing, pharmaceuticals, scientific and technical activities, IT and information services. With the goal set in 2017 of making France a “Start-up Nation”, France created a fund of €10 billion to finance innovation. The message to foreign companies and investors is clear: Choose France. We will be here to support you!

Message from HE Carmelo Inguanez Ambassador to Malta in France In international relations, these last years we have seen that what was generally thought as not possible to occur, did happen. The European continent was shaken to its core. Barely two months ago we have seen the festering Middle East problem yet again inflamed beyond any imagination. This is a stark reminder that, the global geopolitical scenario in general has undeniably become increasingly volatile. The world order has been severely threatened and regrettably, it will remain like this for years to come. As the French President stated last summer at his annual address to the conference of French ambassadors, our fundamental principles must remain the same and they can be absorbed in one word: sovereignty. Besides the fact that Malta and France share the same concerns for the future of Europe and of the world, the word sovereignty is a challenge and opportunity. It will transcend all aspects of European policy from innovation, carbon neutrality and energy security, sustainable environment, and outwardly through partnership in international development. Indeed, the European Union has made European sovereignty as the background pillar to reinforce and protect our collective European security and stability in the face of an ever-uncertain world. The good thing is that this sovereignty that we aim to achieve opens a myriad of new avenues for joint projects and research in artificial intelligence, information and communications technology, bio-agricultural production, in the sustainable use of marine resources, the energy sector, the health sector, and the education sector, to mention just a few. The multiplier effect of this umbrella called European sovereignty will be European continuous economic growth and prosperity. Undoubtedly the initiators of all this thrust are European businesses,

research institutions, and education organisations. The sky is the limit for the opportunities that can grow out of this challenge. France has been on the fore front of this move and French businesses are working rapidly to help their country and Europe become sovereign. It is in our interest to tap into these opportunities and join this train sooner than later. The MaltaFrance Chamber of Commerce is unique in its role to provide support and direction for interested Maltese entrepreneurs willing to embark on this journey. The Chamber is there to promote, develop and strengthen commercial, industrial, and financial interaction between the two countries. I am in no doubt about the zealousness of its members to also contribute to this European aim which after all is our aim. The Embassy of Malta in France stands ready to assist in this endeavour. 5

Hon Ian Borg

Minister for Foreign and European Affairs and Trade It is a pleasure to be able to share again a few thoughts in the newsletter of the Maltese French Chamber of Commerce.

The developments over the past weeks have shown - yet once more - the challenges and volatility of our shared region - the Mediterranean. It comes as no surprise that Malta and France are motivated to work together from all angles - political, commercial and social - in order to promote shared values for the betterment of our societies and stability at a regional and global level. It is for this reason that, since the establishment of diplomatic relations, our bilateral ties continue to prosper, built on fruitful collaborations in numerous sectors. Needless to say, France continues to be an important trade and commercial partner for Malta. The figures speak for themselves, with French imports reaching more than €350 million worth of goods and services and more than €230 million Maltese exports to France, the latter consisting mainly of high value-added goods, processed locally including electrical machinery, equipment and appliances, and, to a lesser extent, pharmaceutical products. French businesses’ presence in Malta is also felt in several sectors, mostly in the insurance sector, logistics, transport, microchips, and pharmaceutical products. The STMicroelectronics and the CMA CGM Malta Agency are just but a few examples one can mention.

Tourism, an essential pillar in the Maltese economy, is another sector of vital importance for exchanges between our countries. Last year, France ranked third in terms of number of tourists visiting Malta, while being also Malta’s fourth most visited travel destination. English language students from France studying the language in Malta rank second highest. These healthy exchanges may possibly owe themselves also, besides other determining factors such as the island’s hospitality, safety and mild climate, to the seamless air connectivity between Malta and France with a steady number of daily direct flights to many French cities. I am confident, however, that there are further opportunities that can be tapped into. Malta stands to benefit by collaborating with France in areas such as agri-food business, the mechanical industry, renewable energy, ICT, AI, nano technologies, and in the pharmaceutical, aerospace and nuclear sectors. Supporting the development of commercial, industrial, financial and tourist exchanges between the two countries over the last thirty-four years, the Maltese French Chamber of Commerce has cooperated with authorities, organisations and constituted bodies in both countries to better understand the two countries’ markets. The Chamber thus has a critical role to play by bringing together economic players with the aim of contributing to the dialogue between business and politics to help facilitate exchanges between Malta and France and increase the influence of their private sectors. It is up to us, therefore, to turn challenges into opportunities and obstacles into solutions. Building upon our shared values and common objectives, I look forward to the further enhancement of ties between our countries in all dimensions to guarantee a better, safer and more prosperous future to our peoples.

The New Council

Mr Joseph Bugeja

Ms Odette Vella

Mr John Rausi

Ms Bernadette Bonnici Kind

Mr David Fleri Soler

Mr Richard Cleland

Eur. Ing. Emanuel A. Farrugia

Mr Mario Genovese

President

Council Member

Dr Gilles Gutierrez Council Member

Vice President

Treasurer

Council Member

Marc Frasson Botton Council Member

Council Member

Ms Maria Francesca Armeni Council Secretary

The Maltese French Chamber

Keeps Growing and We Welcome Our New Members RCV Architects St Microelectronics Miguel Zammit Tabona - Company Service Provider Medsea Shipping Agency ASSOCIATED PARTNER Malta Enterprise

Introducing....

Medsea Shipping Agency Ltd. Medsea Shipping Agency Ltd. was set up in 1999 with the specific brief to cater for ship owners and operators requiring professional agency services at competitive prices.

As a Port and Liner Agency, we have the prime intention of promoting Malta as a hub for container, bulk and liquid cargoes, as well as for the vast range of maritime services Malta offers to the maritime community trading in the Mediterranean. With the worldwide growth of the Cruise industry, MEDSEA studied the prospects and decided to enter this growing sector and is now gaining ground. Although being a relatively young Company we can boast having personnel with a vast experience in the maritime profession. Our company structure is therefore geared in a way to offer tailor made services, able to meet any requirements put forward by our principals. We strive to give our clients a sterling service. Our emphasis has always been and remains “Quality over Quantity”

In just a few years, Medsea has reached its initial target to be one of the leading Shipping Agencies in Malta. Today we can easily say that we have become a ‘one stop shop’ to clients looking for the vast range of maritime services Malta offers. Today, with its earned experience, MEDSEA is in a position to handle vessels ranging from container vessels to cruise liners, also offering the local market and industry with a connection to and from 175 ports worldwide. In 2021, Medsea was appointed Malta agent for the French niche Cruise operator, CroiseEurope, a company that specializes in River and Short Sea cruises in Mainland Europe and the Mediterranean. Our interest is to have solid business relationships lasting a lifetime. The “Medsea” Guarantee is that we will treat your business as if it was our own.

French Tourism Market Showing Enormous Potential “If we had to look at the figures from the first 7 months of this year, these have been excellent, with France recording a volume growth of 21% over 2022 and of 28.5% over 2019,” explains Claude Zammit Trevisan who heads the MTA’s office in Paris.

younger audience, at least for France,” he added. They enjoy a tertiary level of education (65%), are mostly in gainful employment (63%), with some 20% already retired. The level of repeat visitors stands at 10%.

The French market has cemented itself in the ‘top 3’ most important geographic markets for incoming tourism in Malta, representing around 11% of the total tourist nationality mix. (2022 analysis) The top two geographic markets for Malta remain the UK (18.7%) and Italy (17.4%). This is logical given the historic ties with the UK and the geographic proximity to Italy.

Motivations to discover Malta remain diverse, reflecting the appeal of the destination for a wide variety of reasons. However, the strongest motivations for the French visiting Malta are its sunny climate and its culture (47.5%). Diving is a significant segment of the French market with 7% visiting Malta in 2022 for the diving offer. 5% visited Malta for business, reflecting Malta’s appeal in the MICE sector, whilst 3% were here to learn English.

French tourists to Malta have increased gradually over the years. Last year (2022), Malta hosted just under 260,000 “The same cannot be said about the French market, Malta is not an ‘automatic’ choice for the tourists hailing from because French as their holiday destination. The results we France. It was the have achieved from the French market are the highest amount ever result of consistency and perseverance over many years. The MTA has been actively promoting Malta recorded, with an in France for decades, with Maltese trade partners increase of 8% over equally investing and exchanging with their French 2019, a comparable year counterparts along the years,” added Mr Zammit Trevisan. given that 2020 and 2021 were abnormal Looking at tourist expenditure, French tourist years due to the spend is also encouraging and on the increase. The French spent close to Euro 224 million in 2022 in Covid-19 pandemic. Malta, up from Euro 192 million in 2019. The average spend per capita in 2022 was of Euro 866, again resulting in an upward trend from Euro 800 in 2019. The MTA’s market profile surveys, together with the statistics provided by the NSO (National Statistics Office) give us a very accurate picture of the sociodemographic and behavioural characteristics of French tourists currently visiting Malta. “Our latest studies (2022) reveal that the French tourist is relatively young with a mean average age of 48.8 years. The predominant age bracket is 25-44 (36.3%), followed by 16-24 age bracket (33%). Interesting to note that only 6.2% are 65 years and over, showing that Malta’s appeal is certainly for a

“What is interesting is that the sense of discovery of a new destination, as well as good value for money still rank very highly for the French and are the two primary reasons mentioned when asked what influenced them the most to choose Malta as a holiday destination.” Mr Zammit Trevisan noted the importance of flight connections to Malta, noting how in 2023, Air Malta, Air France, Transavia, Vueling, and Ryanair were all offering direct flights to Malta from France. “Ryanair will not fly from Toulouse and Bordeaux this winter, despite the airline performing very well with their flights to Malta from these two airports but the impact is expected to be temporary, as flights resume in March next year when the summer schedule kicks in.” “There will always be room for improvement and the more consistent we are with flight schedules, the more we can be confident on the market. Flight timings and frequencies are also very important. Finally, our winter flight schedule, which typically offers less choice and less frequencies than the summer schedule is also very important to have an even spread of tourism activity all throughout the year,” he concluded. 9

A case for Voluntary Occupational Pension Schemes Second Pillar pensions are becoming increasingly sought after by employers across various sectors. The setting up of a scheme is ideal to promote employee retention and recognition. In the current employment market, employers sometimes find themselves having to refine the employees’ benefits offerings. The introduction of such a scheme may prove to be one of the most cost-effective due to the tax rebate. Do you wish to obtain more information about Workplace Pensions to understand how this scheme may be of benefit to your business and your employees? We invite you to send an email on bancassurance@bov.com, or call on 2275 1627 to set an appointment.

As the argument for private pension planning gains traction and awareness on the benefits concerning these plans is at an all-time high, we take the opportunity to redirect the focus on Voluntary Occupational Pension Schemes. Voluntary Occupational Pension Schemes, sometimes referred to as second-pillar pensions or workplace pensions are set up by employers to provide their employees with additional income once they retire. With increasing concern revolving around pension adequacy as well as the challenge of retaining and recruiting employees, Voluntary Occupational Pension Schemes have gained significant importance in recent years. These schemes are set up by the employer, and contributions can be made by the employer on behalf of an employee, by an employee, or by both the employer and the employee. Such plans offer a degree of flexibility to employers since they can choose to award different benefit levels across employees, according to their preferred criteria. It also offers flexibility to employees in terms of the level of how much they save, with the possibility to pause contributions altogether if needs be. Furthermore, both the employer and the employee are entitled to receive a 25% tax rebate on their contributions, subject to stipulated limits.

If you invest in this product, you will not have access to your money before the retirement date. The value of the investment may go down as well as up and you may not get back as much as you invested. Tax treatment depends on the individual circumstances. Tax legislation and the amount of rebate may change in the future. Investment decisions should be based on the full information available in the Worksave Pension Scheme Member Pack, a copy of which can be obtained by writing to bancassurance@bov.com. The product is manufactured by MAPFRE MSV Life and is distributed by Bank of Valletta p.l.c Bank of Valletta p.l.c. with registered office at 58, Triq San Żakkarija, Il-Belt Valletta VLT 1130 - Malta, is a public limited company licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap. 370 of the Laws of Malta). Bank of Valletta p.l.c. is an enrolled Tied Insurance Intermediary under the Insurance Distribution Act, Cap. 487 of the Laws of Malta for MAPFRE MSV Life p.l.c. (MMSV) as listed in the MFSA’s Tied Insurance Intermediary (Companies) register, available at https://www.mfsa.mt/financial-services-register. MMSV (C15722) is authorised under the Insurance Business Act Cap. 403 of the Laws of Malta. Both entities are regulated by the Malta Financial Services Authority with address Triq l-Imdina, Central Business District, Birkirkara CBD 1010 Malta.

Unlocking Business Opportunities Malta Enterprise Schemes Malta, is not only known for its stunning landscapes and rich history but also for its welcoming business environment. With a proactive government that actively promotes economic growth and diversification, Malta Enterprise offers a range of schemes and incentives to stimulate investment and business development. These schemes are designed to attract both local and international entrepreneurs, fostering economic growth and job creation on the island.

BUSINESS INVESTMENT SCHEMES Malta Enterprise provides a variety of incentives to encourage businesses to invest in Malta. These schemes include tax credits, grants, and financial support. The Business Development Scheme, for instance, targets businesses in various sectors, facilitates value added projects, including new business initiatives, expansions and transformation activities that shall contribute to the regional development of Malta. The scheme may support various activities such as the initial development phase of undertakings establishing an operational base in Malta, expansion projects, consolidation of activities and the reengineering of business processes. RESEARCH AND DEVELOPMENT INCENTIVES In a rapidly evolving global economy, innovation is the key to competitiveness. Malta Enterprise offers incentives for companies engaging in research and development activities. The aim of this incentive is to assist Industrial Research and Experimental Development activities required by industry for the acquisition of knowledge leading to the development of innovative products and solutions. The measure also encourages cooperation between undertakings by providing additional assistance for Industrial Research and/or Experimental Development projects. MICROINVEST SCHEME For small businesses and startups, the Microinvest Scheme provides grants to support their growth. Whether it’s funding for equipment, marketing, or capacity building, this scheme encourages entrepreneurship and the development of small businesses, through innovation, expansion and the development of operations. Undertakings

benefitting from this measure will be supported through a tax credit calculated as a percentage of eligible expenditure, which also covers increased in wage costs. SUSTAINABLE SCHEMES Malta Enterprise is also committed to sustainable development and environmental protection. They offer schemes to promote eco-friendly investments, helping companies reduce their environmental footprint. The Smart and Sustainable Scheme is an example of one of the initiatives aimed at supporting projects that enhance sustainability and reduce energy consumption. Malta Enterprise’s schemes and incentives reflect the government’s commitment to economic growth, diversification, and sustainability. By fostering a business-friendly environment and providing financial support, the organization plays a pivotal role in shaping Malta’s economic landscape. It encourages both local entrepreneurs and foreign investors to explore opportunities on the island, stimulating job creation, innovation, and global expansion. If you’re considering launching or expanding your business, Malta Enterprise offers a plethora of opportunities and support to help you thrive. With a history of economic success and a bright future ahead, Malta is a prime location for businesses looking to make their mark in the heart of the Mediterranean. 11

Express Trailers’ new Logistics Hub in Genoa

Express Trailers’ Servicing of France Market Strengthens With New Logistics Hub in Genoa Earlier in September, Express Trailers officially inaugurated its new state-of-the-art logistics hub in Genoa, Italy. The €6 million investment in this brand new 4,500 sqm logistics centre in the port city of Genoa is Express Group’s first major international investment, and is the result of Express Group’s strategic vision to establish a physical foothold on mainland Europe from where to service its markets better. The project was initiated in 2018 when Express Trailers founded its Italian venture Express Trailers S.r.l.u. which effectively meant the start of the company’s internationalisation process. “Primarily, our new logistics hub in Genoa, being so close to France, will undoubtedly also help our clients doing business between Malta and France to operate in a better and more reliable manner,” explains David Fleri Soler, Chief Commercial Officer at Express Trailers. Currently, Express Trailers connects Malta to France through three strategic depots in France namely in Paris, Lyon and Lille with a combined service offer via road, sea and air freight that caters for all types of cargo. 12

The weekly service which has been offered since 1978, manages entire supply chains, offering groupage services and full trailer loads, both for import as well as for export. In fact, Express Trailers today is an established major trading partner to several Maltese and French companies operating in the food and wine, automotive, fashion, cosmetic, industrial and pharmaceutical sectors. “Our new Logistics Hub in Genoa also reflects the company’s commitment to operate more sustainably and responsibly, driven by its resolve to deliver more environmentally conscious operations,” added David Fleri Soler. As ESG requirements continue to forge the way we operate, our hub in Genoa will help us reduce unnecessary trips to and from Malta which should lead us and those who work with us, to achieve new levels of efficiency and better environmental metrics.”

BIODERMA: Vivian’s Link to France 2023 Marks Milestone Move To Vivian’s New Premises Perhaps Vivian Corporation’s best link with France is its commercial representation in Malta of Bioderma Laboratoire Dermatologique, one of the most important derma-cosmetic brands on the market, which Vivian has been representing since 2000 and which it imports directly from France. “What we love about Bioderma is that it is a brand that focuses on holistic, corrective solutions for each skin type through top-of-the-range products based on biological solutions that are inspired by the skin itself,” explains Denise Borg Manche, Managing Director of Vivian. Last October, Denise, together with Vivian’s General Manager Yan Grima had the opportunity to attend a distributor meeting organised by Bioderma, during which they also had the opportunity to visit the factory facilities located in Marseilles. Speaking about their visit to NAOS, the parent company of Bioderma, Denise noted how this brand is very demanding when it comes to the selection of ingredients, where out of 30,000 available ingredients, the company has carefully selected only 2% for use in its products. “The company differs from its competitors in three fundamental ways namely, its focus on Ecobiology,

a unique approach where the skin is considered as a living ecosystem inspiring Bioderma’s products, its authenticity where it only chooses the very best ingredients, and the fact that the company continues to re-invest substantial parts of its revenue into research and development to continue providing breakthrough innovations.” Speaking about the company’s operations, Ms Borg Manche noted how 2023 was a milestone year for Vivian and its people. “The increased activity in the pharmaceutical sector continued to confirm this industry as an important pillar in Malta’s economy, and we are proud that through our products, we continue to be important players in this industry.” “This year, the growth that our company has been experiencing as a holistic provider of healthcare has also allowed us to invest in our newly built premises and a fully licensed warehousing facility for the storage and distribution of pharmaceutical products,” added Ms Borg Manche. Located in Marsa, the new premises have enabled the company to centralise its operations, strengthen its work in the distribution, marketing and promotion of pharmaceuticals, medical devices and nutraceuticals and develop new service areas such as pharmaceutical warehousing for the storage and distribution of pharmaceutical products thanks to a state-of-the-art 1,000m² temperature-controlled warehouse facility to cater for Vivian’s products as well as pharma warehousing for third-party clients. The new offices also include a dedicated space for Vivian’s recently set up Vivian Academy which will be hosting training and engagement with the company’s wide stakeholder ecosystem. “This new investment not only has allowed us to redefine who we are and what we stand for but also to position ourselves to service our clients and stakeholders better so that we can continue delivering the highest levels of healthcare products and services to all our communities,” concluded Denise Borg Manche. www.viviancorp.com/bioderma 13

ICP Malta Takes Centre Stage at the Christmas Fair! The Institute of Cellular Pharmacology (ICP Ltd) situated in Mosta Technopark, produces active and natural food supplements to support well-being. The Institute of Cellular Pharmacology (ICP Ltd) situated in Mosta Technopark, produces active and natural food supplements to support well-being. Discover an innovative approach to health and visit ICP’s stand at the Christmas fair organised by the Association of International Women in Malta (AIWM) on November 19th at the InterContinental Malta, St Julian’s. ICP is proud to contribute with its participation to a charitable cause, the Fondazzjoni Sebħ. November is a significant month for ICP Malta with the introduction of our latest product, AnHPVi®, on the local market. AnHPVi® is an immune system

booster, based on the fruit of 5 years of research. Our team has developed a unique and natural health supplement based on pomegranate, basil and honey formulated to support the body’s immune system by effectively prevent, treat and eliminate reoccurring specific viral infections. Like all ICP‘s other products, this new addition underscores the brand’s dedication to quality and efficiency of its natural products. Our range of food supplements for a stronger, brighter and healthier life style is also available on our official website, www.icp-malta.com.

DF Advocates DF Advocates is a vibrant and dynamic multidisciplinary law firm in Malta. We serve a diverse clientele, both local and international, with unwavering commitment in their daily operations, intricate cross-border dealings, and an array of complex challenges spanning across myriad industries, notably the industries of Yachting and Aviation. Our team diligently keeps pace with the everevolving legal landscape. We actively engage with local and international organizations to remain informed and involved in the industry. We take pride in the recognition of one of our Senior Associates within the Yachting team, who was elected as the youngest member of the Executive Committee of the Malta Maritime Law Association. Dr. Filippo Maria Arcaleni, an Associate in the Aviation team, who also leads our business development, serves as a Board Member and Director of PR and Communication within the Malta Business Aviation Association. He additionally acts as the Vice-Chair of the Aviation Lawyers’ Committee (AMAC) within the European Business Aviation Association. Here’s a brief overview of our involvement during the second and third quarters of 2023: In May, we had a presence at the European Business Aviation Convention & Exhibition (EBACE)

in Geneva, where our Aviation team head, Dr. Maria Paloma Deguara, and Dr. Filippo Arcaleni connected with key players in the business aviation community. In June, Dr. Filippo Arcaleni led the “Business Aviation and Environment: European Taxonomy – Threats and Facts” conference. This event brought together industry experts, including the Minister for Transport in Malta, MEPs, and legal professionals. Dr. Arcaleni played a pivotal role as the conference’s moderator and participated actively in panel discussions. The Yachting team, led by Mr. Kenneth Deguara, attended several events, both locally and internationally. They participated in prominent yacht shows, including Palma de Mallorca, Monaco, and Cannes, and organised meetings with major stakeholders to showcase the opportunities available in Malta’s yachting industry. Kenneth and Andrew also attended a reception in Istanbul to mark the 59th Anniversary of Malta’s Independence, hosted by the Consulate General. Our firm is deeply engaged in various focus groups, think tanks, and discussions at both governmental and industry levels, aiming to drive initiatives and enhance systems, processes, and legislation for improved effectiveness and efficiency. 15

HomeTrends Home & Garden’s extensive San Gwann complex boasts a diverse range of ethanol, electric, and gas fireplaces Our entire selection is flueless, eliminating the need for a traditional chimney. With a variety of stylish designs to suit your taste, each fireplace offers unique benefits while enhancing the ambiance of any setting.

When it comes to our selection of ethanol fireplaces, these use bio ethanol, which is a renewable and sustainable fuel derived from natural sources, making it an eco-conscious choice. Ethanol fireplaces are flueless and require no chimney or complicated installation, offering versatility and convenience. The HomeTrends ethanol fireplaces provide efficient heat with no energy loss, effectively warming your space. We offer a range of trendy designs, allowing you to enhance your decor while enjoying the benefits of a beautiful and functional fireplace. Bio ethanol fireplaces are a hassle-free option for creating a cosy atmosphere and offer instant ignition and quick warmth, perfect for setting the mood and creating a welcoming environment. Our HomeTrends electric fireplaces provide a modern and convenient heating solution with various advantages. Electric fireplaces are incredibly simple to operate, with just a push of a button or the use of a remote control, you can adjust the heat, flame settings, and even the lighting to create your desired ambiance. Electric fireplaces are energy-efficient, as they don’t produce any emissions, and all the electricity used is converted into heat, making them a cost-effective choice for heating your space. Electric fireplaces are a safe

option, especially for families with children and pets. They don’t emit harmful fumes, and there are no open flames or hot surfaces to worry about. Unlike traditional wood fireplaces, electric fireplaces don’t require a chimney or ventilation system. This makes them easy to install in various locations within your home. Our electric fireplaces come in a variety of designs, some can be wall-mounted, others come complete including the surrounding mantlepiece, or we also offer the electric heart which can be inserted into existing fireplaces or any surrounds of your choice, offering flexibility in terms of placement and style. Many electric fireplaces have the option to operate without the heating function, allowing you to enjoy the visual ambiance of the flames even in warmer months. The HomeTrends selection of electric fireplaces require minimal maintenance, as there is no ash, soot, or creosote build up to clean up. When it comes to our selection of Flueless gas fireplaces, these provide efficient and instant heat, ensuring a cosy atmosphere in your living space without energy wastage. These fireplaces don’t require a chimney or vent, allowing for versatile installation and saving valuable space in your home but offer a real flame. Flueless gas fireplaces burn gas cleanly, with no smoke, ash, or soot, contributing to a healthier indoor air quality and come equipped with advanced safety features. The HomeTrends gas fireplace selection includes a variety of stylish designs, allowing you to

Our electric fireplaces come in a variety of designs, some can be wall-mounted, others come complete including the surrounding mantlepiece, or we also offer the electric heart which can be inserted into existing fireplaces or any surrounds of your choice, offering flexibility in terms of placement and style. complement your decor and create a beautiful focal point in your room. The HomeTrends Gas stoves, some of which are on wheels, making them portable, these gas stoves offer consistent and even heating, are available in various designs & colours and offer a real flame making them an excellent choice. Gas stoves are known for their reliability and can still operate during power outages, as they don’t rely on electricity. Our gas stoves come in various styles and colours, from classic to modern, allowing you to find the perfect fit for your home. At HomeTrends Home & Garden, you’ll find a wide range of flueless fireplaces and stoves that combine functionality with style. Explore our large store in San Gwann to discover the options available and choose the perfect addition to your home or you can visit our online store: www.hometrends.com.mt

HomeTrends will be open every day throughout the month of December 2023, Open Monday to Fridays from 9am to 7pm and weekends and public holidays from 9am to 5pm (Christmas eve 24th December 9am to 4pm & closed on New Year’s eve 31st December). Tel: 21445654, Facebook: https://www.facebook.com/ Hometrendscomplex

Cleland & Souchet, Portomaso Iconic French luxury brands, fine foods and wines The Cleland & Souchet flagship store was the first retail shop to open in Portomaso back in 2001 and, within a few years, it became a landmark destination in Malta for luxury lifestyle shopping. Their retail concept is unique as one can find exclusive luxury brands for the home from exceptional manufacturers including HERMES, BACCARAT, LALIQUE, CHRISTOFLE and BERNARDAUD together with everyday gift items and a vast area for fine foods and quality wines all under one roof. The French connection does not stop at the “art de la table” but is also very present in its vast selection of wines which come from every corner of France. Whether it is Pommery Champagne, the finest Pouilly Fuisse from Chateau Fuisse or the new star of premium rose wines from the Cotes de Provence from Ultimate Provence, the selection of 300+ wines at Cleland & Souchet are exclusively imported and distributed by the company to Malta’s leading hotels and restaurants. Indeed, the company enjoys the role of preferred supplier to many of Malta’s leading hospitality operators on the foundation of as its reputation for excellent service and client support in a highly competitive market.

The Cleland & Souchet shop also offers a wide range of French fine food producers from the famous butter biscuits of La Mere Poulard to the long standing ambassador of French chocolates from Maxim’s de Paris which are also featured in their iconic hamper collections. The company’s extensive selection of wines and fine foods can also be enjoyed at the Cleland & Souchet Café which forms part of the shop in Portomaso with a cosy internal space and outdoor deck terrace available to patrons. The shop is open Monday to Saturday, from 9.30am to 7.30pm and parking for patrons is free of charge. The Café opens at 8am and closes at 11pm.

NEW MEMBERS

RCV ARCHITECTS consists of dedicated and dynamic teams specializing in Architecture, Structure, Project Management and Project Administration. RCV Architects offer comprehensive services across the entire spectrum of the building environment, ranging from initial planning to project completion. Our expertise encompasses the design of residential, commercial, institutional, and industrial structures. We handle various stages of the projects such as the planning procedures, conducting structural analysis and design, performing surveys, estimating costs, managing projects, direction, and supervision of works. This office also provides the services of a site technical officer during demolition, excavation, and construction. Other services include property valuations and any bank related documentation.

Our office is driven by a commitment to innovative design sustainable practices and client satisfaction. We at RCV believe in the power of architecture to influence lives positively whether it’s designing a cosy home or building a high rise, and more importantly contribute meaningfully to the built environment. Every project we undertake is a testament to our dedication to architectural excellence, and it is this passion that fuels our business’s growth and success.

Perit Robert Vella was born in Malta in1969, and he first started to pursue his passion in architecture and engineering by joining the Armed Forces of Malta through an officer cadet scheme in 1989. On

enlistment he successfully completed the officers’ training course at the Royal Military Academy Sandhurst in the United Kingdom. Following graduation, Perit Robert continued to specialise in military engineering initially at ‘Scuola del Genio’ in Rome, Italy and later accomplished Advanced Level of Military Engineering at the US Engineer Centre in Fort Leonard Wood, Missouri USA. Throughout his active service he further qualified with a bachelor’s degree in engineering and architecture (Honours) from the University of Malta and subsequently achieved his Ph.D. from the Universidad De Valladolid in Spain, earning the highest commendation bestowed by the university. After having retired from 27 years of active service with the Armed Forces of Malta in the rank of Colonel, Perit Robert now pursues a career as self-employed in the field of Architecture and Civil Engineering at RCV Architects.

Welcome to the Alliance

Française Malte-Méditerranée! The Fondation des Alliances Françaises aims at promoting French language and francophone culture around the world. Created in 1880 in Paris by important French figures like Jules Verne and Louis Pasteur, it is now a network of over 800 Alliances Françaises in more than 130 countries. The Alliance Française de Malte-Méditerranée has been promoting French culture and language in Malta for more than 60 years. More than 400 students per year are formed in our center with high pedagogical standards. The Alliance Française de Malte-Méditerranée finds its roots in 1946, when the Circle “Amis de la Culture Française” was formed at the University of Malta. Eventually, the Circle became the Alliance Française in 1959. As a linguistic center, the Alliance Française de Malte-Méditerranée is the only accredited center in Malta for the DELF and DALF examinations, the TEF and other certificates from the Chamber of Commerce and Industry of Paris and La Sorbonne Nouvelle. The Alliance Française de Malte-Méditerranée is also a cultural center with events throughout the year, like the French Film Days, the Beaujolais Nouveau wine tasting event, the Bir-Miftuh festival and many more. 19

Toly’s 360-Degree Beauty Platform Innovation, Outreach, & a Positive Initiative At Toly, our journey has taken us from being a packaging supplier to becoming a comprehensive solutions provider in the beauty industry. This transformation has equipped us with diverse capabilities and expertise, forming the foundation of our 360-Degree Beauty Platform. This platform serves as a bridge between creativity, expertise, and cutting-edge capabilities, driving innovation, agility, and forward-thinking practices within the industry.

Our capabilities extend far and wide, encompassing global manufacturing, engineering innovation, and a strong commitment to sustainability. Toly recently achieved the ISCC Plus certification, a sustainability program for bio-based and circular raw materials. This certification reflects our voluntary commitment to sustainability goals. In addition to using alternative materials, we have invested in sustainable processes, including 966 solar panels, geothermal cooling, and smart cooling systems. As a global manufacturer we aim to provide our clients with ease of communication therefore, our international sales offices, including our French office near the Champs Elysees serve as the perfect communication line for clients such 20

as the P&G group, LVMH, L’Oreal and Hermes. Our French office truly gets to shine when we attend prestigious packaging exhibitions in France like Paris Packaging Week and Luxe Pack. These event serve as the ideal platform for Toly to showcase our latest innovation in applicators, dispensing technologies, alternative sustainable solutions, airless systems, unique luxury products. In September, Toly was in the spotlight at Techxpo, an event held in Ta Qali, Malta, that showcased technology, innovation, IT, and AI. This gathering brought together leading players from the Maltese Islands, and Toly’s participation highlighted our commitment to remaining at the forefront of technology in the beauty industry. Furthermore, our commitment to the community shines through the Bra-Vo Campaign. In support of Breast Cancer Awareness Month, Toly initiated a campaign to collect used bras and raise awareness about the importance of early detection. The campaign has successfully collected over 350 bras, with sponsorships contributing to funding hospices and cancer institutions in Malta. Toly invites everyone to participate in the Bra-Vo Campaign by donating used bras and spreading the word. This initiative aims to make a meaningful difference by educating and uniting in the fight against breast cancer, one bra at a time.

Robert Arrigo & Sons Robert Arrigo & Sons is Malta’s premier independent familyowned Destination Management Company (DMC), with over 40 years of success in the inbound tourism market. Founded by Robert Arrigo, who has built a strong legacy of excellence, with particular focus on the French market, till today one of the primary source markets alongside new source markets throughout Continental Europe, the Americas, and Australia. In 2023 the company handled close to 200,000 clients visiting Malta.

B2B EXPERTISE The company operates exclusively on a B2B basis, collaborating with Tour Operators, Incentive and Group organizers seeking to provide exceptional experiences on the Maltese islands. Robert Arrigo & Sons boasts a multilingual team of travel experts who excel in contracting services for hotels and facilitating destination services such as excursions, transfers, and experiences for clients. Technological Innovation and Sustainability Robert Arrigo & Sons company vision extends beyond the present, as the next generation, Alan and Andrew Arrigo, have been actively involved in scaling operations through technology and strategic development. Investing in tech solutions on the distribution side but also sourcing new business in niches has been the key to success in recent years. The company also leverages technology to streamline operations with partners and suppliers, simplifying cooperation. Moreover, the company has embraced sustainability as a core value, aligning with the internationally renowned Travelife certification initiative. This has involved a rigorous internal evaluation of processes along with extending support to suppliers and partners in implementing sustainability goals. COMMUNITY ENGAGEMENT Beyond business endeavours, Robert Arrigo & Sons is deeply engaged with local stakeholders in addressing tourism-related issues by actively contributing insights and opinions to improve the overall tourism experience in Malta. 21

Fashionable Styling and Soft Winter Fabrics by Kenjo & Kyoto Boutiques Eloquent garments have always been a staple of the autumn and winter seasons, offering a cosy yet fashionable light option to stay warm in the colder months. Kenjo & Kyoto Boutiques have taken fashion to the next level, fusing fashionable styling with the softest winter fabrics to create a collection that truly embodies the concept of comfort and elegance

GENTLE COLOURS BLENDED WITH BOLD REFINEMENT: A HARMONIOUS PALETTE One of the most striking features of Kenjo & Kyoto Boutique’s Autumn dress collection is the use of gentle colour palettes, blended seamlessly with bold refinement. Soft, muted hues such as pea greens, creamy whites, and muted greys create a calming and sophisticated backdrop, while bold pops of colour in deep blues, and vibrant reds add a touch of excitement and personality to the designs. Sleek Cuts for a flattering Silhouette are not only fashionable but also designed to flatter various body shapes and sizes. Each dress features sleek cuts that accentuate the natural curves of the body, creating a flattering silhouette that is both comfortable and stylish. PRACTICAL LIGHTER AUTUMN WEAR: TRANSITIONING FROM SUMMER TO WINTER As autumn brings cooler temperatures, it’s essential to have practical options that can be easily layered and adapted to changing weather conditions. Kenjo & Kyoto Boutiques understand the need for versatile pieces that can be worn throughout the transitional season. Their collection of practical lighter autumn wear provides just that. Made from lightweight yet warm fabrics, these garments are perfect for the crisp autumn days when the weather is variable. Long-sleeved knitted dresses with adjustable ties or button-down fronts can be easily layered with a light jacket or cardigan for extra warmth. Additionally, the collection includes dresses with three-quarter-length sleeves, perfect for those in-between days when the weather can’t quite make up its mind. If you’re looking for that something special now you know where to look....

Xara Collection The Xara Collection comprises of a collection of brands which operate within the Hospitality and Catering industry; each of which in their own right are trendsetters raising the bars and defining the standards in terms of an unparalleled experience created and curated with the customer in mind. The group’s diversified portfolio comprises a luxury boutique hotel; The Xara Palace Relais & Châteaux nestled in the walls of Mdina, One Michelin star and multiple award-winning flagship restaurant de Mondion, the family friendly Trattoria AD 1530, the enchanting Medina, the chic OKA’s at the Villa, Rosami at The Villa which is bridging the gap between culinary excellence and affordability, Xara Catering which is our means of extending the Xara experience beyond our brick and mortar properties, sustainable gurus at Xara Gardens, and last but definitely not least, our exclusive venue The Xara Lodge.

Photo of team of Bureau Vallée Malta

Bureau Vallée Malta Expanding with Purpose Since opening our first store in Qormi in 2015, Bureau Vallée Malta has been on a whirlwind journey of growth and progress. From our humble beginnings with a 200 square meter space packed with office supplies and stationery, to our rapid expansion with three more outlets, our commitment to serving Malta with passion and purpose remains unwavering.

One of our most recent and proudest achievements is the upward adjustment of all our employees’ wages. By ensuring their incomes match past inflation rates, we’re preserving their purchasing power. It’s our way of saying “Thank you” for their unwavering dedication and hard work.

empty cartridges throughout Malta. These oftenoverlooked items can be environmental hazards. But guess what? We’ve found a sustainable solution. These cartridges are shipped to France, where they’re transformed into compatible cartridges, promoting an eco-friendly economic cycle.

But our innovations aren’t stopping there. We’ve now bifurcated our sales force into two specialized units. One team focuses on the pulse and needs of our retail outlets, while the other dives deep into nurturing B to B business relationships. This approach promises more tailored experiences for all our customers.

To our esteemed audience of small and medium company directors and managers, here’s our message: Bureau Vallée is expanding, but always with an eye on preserving our environment. We’re growing, evolving, and making a difference - all thanks to your unwavering support.

However, growth isn’t just about numbers and structures. It’s about responsibility. We’re incredibly excited about our ongoing initiative to collect

Join us in this purpose-driven journey. Together, we can shape a brighter, greener future!Îles aux moines

Photo of our contribution – cartridges ready to be recycled! 24

AX Introduces Its Mediterranean Fusion Restaurant….

MINOA With seven strategically located hotels in Sliema, Qawra, Valletta, and a soon-to-open Verdala Wellness Boutique hotel in Rabat, AX Hotels is home to several of the island’s most iconic local restaurants. We take pride in providing extraordinary culinary journeys that reflect the highest standards of quality and service. Whether you’re planning a business luncheon, an elegant dinner, or a special event, our exceptional restaurants are ready to exceed your expectations. We start by introducing you to our brand-new Mediterranean Fusion Restaurant; Minoa, located on Level 11 of AX ODYCY Hotel in Qawra. Here you can indulge in culinary delights through the vibrant flavours of the Mediterranean. Our fusion-style menu pays homage to the diverse cuisines of North Africa, the Middle East, and Southern Europe. We skilfully combine the distinctive flavours of these regions, utilising the freshest, top-quality ingredients to create dishes with imaginative flair. You can instead embark on a culinary journey at Rosselli - AX Privilege; our beautifully restored palazzo on Merchants Street in Valletta, where you can discover three unique dining experiences, all proudly part of the Grain brand. Starting with Under Grain, our MICHELIN-Star fine dining restaurant, classical French cuisine takes on a modern flair through a revolving menu brimming with showstopper dishes. Grain Street, our Bib Gourmand streetside restaurant, complements al fresco dining with a menu that celebrates creative Mediterranean sharing plates. Finally, our seasonal rooftop lounge

Over Grain promises seafood sensations and artisanal cocktails served alongside panoramic views across the capital. Indulge in each distinct experience as you explore the diverse culinary landscape of the Grain brand. In addition to the above-mentioned dining options, TemptAsian Restaurant & Lounge, situated on the 9th floor of AX The Palace in Sliema, invites you to a dining experience that blends contemporary elegance with Oriental sophistication. Savour our award-winning Asian fusion cuisine; a delightful combination of traditional Asian recipes and innovative cooking techniques, resulting in a menu inspired by the diverse flavours of the East. Discover more about our upcoming events, promotions, and ways to enhance your dining experiences by visiting www.axhotels.com. We believe that our passion for enriching culinary experiences shines in every dish we prepare, and we eagerly look forward to crafting lasting relationships and unforgettable moments through our culinary delights. 25

Mazars in Malta celebrates 25th Anniversary Mazars, the Paris-based international audit, tax, and advisory firm, is this year celebrating the 25th Anniversary of its presence in Malta, and it is doing so in style. Earlier on this year, in May, the Minister for Finance and Employment Clyde Caruana inaugurated the new offices of Mazars in Malta, in the presence of H.E. The Ambassador of France, Agnès von der Mühll. The new offices are hosted at The Watercourse, a prestigious building designed and constructed to the latest architectural and environmental standards, within the Central Business District in Birkirkara, Malta’s premier financial hub.

In his speech during the inauguration, Mazars in Malta Managing Partner Anthony Attard said that the move to these state-of-the-art premises “dovetails with Mazars’ vision of engendering a positive and collaborative workenvironment, while at the same time reflecting the firm’s ethos of transparency and professionalism.” In July, also as part of its 25th Anniversary celebrations, Mazars in Malta hosted an event which saw the participation of clients, stakeholders, and its employees, together with H.E. Agnès von der Mühll. Also in Malta for the occasion were Mazars Group CEO and Chairman Hervé Hélias, and Mazars’ Country Monitor for Malta, Florence Pinot . The event was held on the Grand Harbour Terrace of the Mediterranean Conference Centre, offering splendid views of the Grand Harbour in Valletta. In his speech during the event, Mr Helias said that “at Mazars, quality has been and will always remain our top priority, and we will continue to invest in innovation and talent to deliver excellence and a seamless client experience.” Finally, as part of these celebrations, Mazars in Malta has also launched a CSR scheme. This involves supporting five local youth-oriented NGOs and/or student associations with a contribution of €5,000 for each of these, spread over three years, for a total investment of €25,000.