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Top 5 Business Things that Happened in Malta Last Week

Updated May 8, 2026 | Matthew Gollcher
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Business professionals at a blockchain industry event in Malta, featuring three suited executives posing in front of a Blockchain branding backdrop, surrounded by busy office scenes with laptops and documents

The week of 23rd to 29th of March 2026 was a genuinely busy one for business in Malta. One of the world's largest cryptocurrency platforms officially opened its European headquarters on the island, the European Commission's second-highest official arrived for a two-day visit focused on EU investment in Malta, and the national airline made a significant last-minute call on its summer route network. Meanwhile, Malta's small business community gathered for its annual meeting to push for long-overdue tax reform, and the government signalled it may be the first EU country to regulate an entirely new type of digital market. Here are the five stories that defined the week.

Blockchain.com chose Malta as its European Headquarters

Four business professionals posing in front of a Blockchain company logo on a white wall in Malta

On the 25th of March, Blockchain.com, one of the world's most established cryptocurrency platforms, serving around more than 90 million wallets and over 40 million verified users,  officially opened its Malta office. The event was attended by Prime Minister Robert Abela and Economy Minister Silvio Schembri, underlining the significance of the move for Malta's digital economy.

The Malta office will serve as Blockchain.com's strategic hub for all European operations, following the company's successful securing of a Markets in Crypto-Assets (MiCA) licence from the Malta Financial Services Authority. That licence is the key: it allows Blockchain.com to passport its regulated crypto brokerage, custody and wallet services across all 30 countries in the European Economic Area from a single base.

Nic Cary, Co-founder and Vice Chairman of Blockchain.com, was direct about the choice of location. Malta, he said, had taken a thoughtful and forward-looking approach to digital asset regulation, making it the right home for the company's European operations. With around 30 companies and over 400 professionals now working in Malta's blockchain and crypto sector, the 2018 vision of Malta as a digital economy hub is clearly delivering results.

Malta is exploring becoming the first EU country to Regulate Prediction Markets

Also at the Blockchain.com opening, Economy Minister Silvio Schembri made an announcement that drew significant attention from the digital finance world. Malta, he said, is "actively exploring" a statutory framework for prediction markets; platforms where participants buy and sell contracts tied to the outcomes of real-world events, from economic data releases to political results.

Prediction markets have been growing rapidly. Global trading volumes exceeded $18 billion in February 2026 alone, driven by platforms like Kalshi and Polymarket. Yet they remain largely unregulated across Europe because they sit awkwardly between financial instruments and gambling, and no EU country has yet established a clear framework for them.

Malta has a strong track record of moving early in emerging digital sectors. It regulated blockchain and crypto-assets years before the EU's own MiCA framework, and the iGaming regulatory model it built in the early 2000s became a template across Europe. If Malta develops a clear framework for prediction markets first, it stands once again to attract a new wave of innovative businesses looking for regulatory certainty.

The EU's Top Cohesion Official visited Malta to Advance Key Investment Projects

On the 27th and 28th of March, European Commission Executive Vice-President for Cohesion and Reforms Raffaele Fitto, one of the European Commission's most senior officials visited Malta for a two-day programme of meetings and site visits. He met Prime Minister Robert Abela at Castille and held separate talks with ministers responsible for EU funds, energy, Gozo and planning.

The centrepiece of the visit was the second electricity interconnector between Malta and Sicily, which Fitto described as a "flagship project" and the largest EU-funded cohesion investment in Malta to date. He visited the EU-funded works at Magħtab and received an update on progress: in Sicily, half of the 20.7-kilometre trenching route has been completed, while in Malta 66% of trenching works are done. When finished, the second interconnector will double Malta's electricity import capacity, significantly improving energy security and supporting the growth of renewable energy. 

Fitto also visited EU-funded projects in Gozo, including the restored Cittadella and a reverse osmosis plant, and discussions touched on the forthcoming EU Strategy for Islands – a new initiative that could allow island territories like Malta and Gozo to access EU cohesion funding more flexibly and on more favourable terms. For Maltese businesses and communities, EU cohesion funding represents a significant and ongoing source of investment in infrastructure, skills and economic development.

KM Malta Airlines dropped its Tel Aviv Route and Announced Málaga Instead

Air Malta Airbus A320 aircraft with registration 9H-NEE on approach to land at Malta International Airport during golden hour

In one of the more significant aviation business decisions of the week, KM Malta Airlines confirmed it was postponing its planned summer route to Tel Aviv, citing the ongoing instability in the Middle East following escalating tensions involving the United States, Israel and Iran. The airline said it would be impractical to proceed given the regional situation, with many passengers already making advance summer travel plans.

In place of Tel Aviv, the airline announced a brand new twice-weekly service to Málaga on Spain's Costa del Sol, launching on 27th of May and operating on Wednesdays and Sundays. Málaga offers a mix of beach tourism and culture, and also serves as a gateway to popular Andalusian destinations including Marbella, Ronda and Nerja. It is also home to a notable community with ties to Malta.

The decision reflects the kind of agile commercial thinking that any business operating in a fast-changing external environment needs to demonstrate. For the broader Maltese tourism and travel sectors, the addition of Málaga to the summer schedule offers a new direct connection to one of Spain's most popular destinations.

Malta's SME Chamber held its AGM and renewed its push for Lower Corporate Tax

On the 23rd of March, the Malta Chamber of SMEs held its Annual General Meeting, bringing together representatives from its membership of over 7,500 businesses spanning more than 90 sectors. The AGM reaffirmed the Chamber's core priorities for the year, chief among them the longstanding push for the government to reduce the corporate tax rate from 35% to 25% on the first €250,000 of annual profit for small and medium-sized businesses.

Malta's headline corporate tax rate of 35% is the highest in the EU, even though the effective rate can be considerably lower for many companies through Malta's tax refund system. The Chamber argues that a straightforward rate reduction would provide clearer, more direct relief for the island's smallest businesses and self-employed workers, many of whom do not benefit significantly from the refund system in practice.

Alongside the tax ask, the Chamber is pushing for a revamped MicroInvest scheme, a new public procurement watchdog to ensure fairer access to government tenders for small businesses, and better support for navigating digital and green transitions. With a general election on the horizon, these issues are likely to feature prominently in the months ahead.

A Week that Reflected Malta's Wider Business Ambitions

From a global crypto platform choosing Malta as its European home to the EU's senior leadership arriving to advance major investment projects, and from a national airline adapting to geopolitical reality to small business owners demanding a fairer deal, the week of the 23rd to the 29th of March offered a snapshot of where Malta's business landscape is heading.

Whether you run a small business, work in a larger company or are simply keeping an eye on how the island is developing, these are the stories worth following.

Matthew Gollcher
About Matthew Gollcher

Hi, I'm Matthew, an SEO Specialist and Content Writer at Yellow Pages Malta. I'm passionate about creating meaningful content and exploring AI's creative possibilities. When I'm not working, I enjoy the gym, time with friends, watching series and reading, and playing guitar. I'm always eager to learn and grow both personally and professionally.