PwC Malta Press Room

PwC Malta is pleased to announce the appointment of Joanne Saliba, Michael Borg and Eric Mackay as Partners within the Assurance, Tax, and Advisory service lines, respectively. These appointments came into effect as of 1 January 2025. Each of these individuals brings a wealth of professional experience and expertise, having participated in and led numerous local and international projects. "I am proud to welcome these exceptional professionals to our expanding team of partners. As our firm continues to grow, and the nature of our services continue to be multi-disciplinary, it is essential that we empower talented individuals to ensure that the firm continues to meet the needs of its clients. I have no doubt that Joanne, Michael and Eric possess the skill and dedication needed to help our clients navigate both local and global challenges and opportunities with integrity, objectivity, and professional confidence, fostering trust within our firm and the broader community," remarked David Valenzia, Territory Senior Partner at PwC Malta.

PwC Malta and the Malta Chamber of Commerce, Enterprise and Industry renewed their gold collaboration agreement, underscoring their commitment to fostering business community growth and supporting a forward-looking vision for the country. Since 2022, this partnership has driven meaningful discussions and established a vision that captures the ideas, hopes, and aspirations for both current and future business generations.

The 2024 HR Pulse Survey, a collaboration between PwC Malta and the Foundation for Human Resources Development (FHRD), has unveiled the current HR challenges and aspirations of local organisations. With over 130 participants from the local HR community, the survey focused on people-related concerns, the present state of learning and development (L&D), and learning technology.

PwC Malta has released its second Economic Outlook for 2024, providing insights into global economic trends and projections for the coming fiscal years. This edition highlights moderate global growth projections at 2.7% and 2.6% for 2024 and 2025 respectively, masking slowdowns in traditionally stronger growth economies such as China and the US, compared with continued robust growth in India and a marginal pick-up in the relatively slower growing Euro area.

PwC Malta has welcomed four new directors into its leadership team. Effective 1 July 2024, Marie Claire Shead and David Gafa have been appointed Directors within the Assurance line of service, Stefan Diacono has been appointed Director within the firm’s Finance and Corporate line of service and Etienne Falzon has been appointed as a Director within PwC Digital Services Malta Limited.

On 21 June, PwC Malta successfully hosted its Tax Conference at the DoubleTree by Hilton in Qawra. The event, themed "Shaping Tomorrow's Tax Realities," brought together industry leaders, policymakers, and tax professionals to explore critical tax challenges impacting businesses today and in the future.

PwC Malta’s 5th edition of the Real Estate Survey, which was conducted towards the end of 2023, reveals that almost half of the respondents (Q4 2023: 49%; Q1 2023: 42%) indicate that they have plans to buy property.

Earlier this month, PwC Malta held its second edition of Tech Week comprising a series of technology-related events aimed at shedding light on the transformative power of Artificial Intelligence (AI) and the critical role of trust in this rapidly evolving landscape.

Following on from last year’s success, PwC Malta is pleased to announce the second edition of its annual Tech Week, taking place from 9 to 16 May 2024. This year’s event will focus on the transformative power of Artificial Intelligence (AI) and the critical role of trust in this rapidly evolving landscape.

PwC Malta has released its Economic Outlook for 2024, providing insights into global economic trends and projections for the coming fiscal years. The report highlights a forecasted slowdown in global growth for FY24, with a marginal pick-up anticipated in FY25. Key findings from the report indicate a decline in GDP growth rates across major economies such as the United States, Japan, Italy, and France. The euro area is expected to maintain relatively flat growth in FY24 followed by a modest increase to 1.5% projected for FY25, as interest rates begin to decline. Despite this overall trend, Malta continues to demonstrate robust economic growth, with a projected GDP growth of 4.4% in FY24, decelerating from 5.6% of the previous fiscal year. However, Malta's growth trajectory is expected to align more closely with the average growth of the euro area in the near future.

PwC Malta’s Academy is launching the second edition of its Comprehensive Environmental, Social and Corporate Governance (ESG) Programme starting in May 2024. With ESG rapidly gaining momentum and climbing to the top of the agenda of various organisations, it is crucial for businesses to upskill their teams in matters related to sustainability, particularly the fast evolving regulatory space. In doing so, they will be able to better understand and respond to some of the most pressing global challenges.

PwC Malta is one of the first businesses to endorse The Wales Malta Initiative, which has been exclusively selected by Wales Week Worldwide to be the representative for 'Wales Week Malta' going forward. 2024 will see the inaugural Wales Week Malta, to be held annually around the time of St. David's Day, Wales’ national day; with a raft of events and activities covering business, culture, education and sports, over a one-week period around March 1st.

The Malta Stock Exchange announces the GRC Summit 2024 from March 5 to 8, focusing on governance, risk, compliance, and ESG matters. PwC Malta is confirmed as the Diamond Sponsor, emphasizing their commitment to trust, transparency, and compliance. The collaboration positions the summit as a leading event in Europe for industry discussions.

PwC Malta is one of the first businesses to endorse The Wales Malta Initiative, which has been exclusively selected by Wales Week Worldwide to be the representative for 'Wales Week Malta' going forward. 2024 will see the inaugural Wales Week Malta, to be held annually around the time of St. David's Day, Wales’ national day; with a raft of events and activities covering business, culture, education and sports, over a one-week period around March 1st.

PwC Malta has appointed Michael Formosa, Chris Mifsud Bonnici, and Andrew Schembri as Partners in the Assurance, Tax, and Advisory service lines, effective from January 1, 2024. The newly appointed Partners bring extensive professional experience and expertise gained from involvement in local and international projects.

40% of workers have in some way, shape or form experienced bullying at their workplace. This was one of several findings from the first of its kind research study by bBrave, to determine the extent to which bullying is present in the workplace, as well as its causes and consequences. bBrave commissioned PwC Malta in order to support the execution of the study.

PwC Malta is pleased to announce the firm’s new appointments of Pamela Mamo and Mark Tabone as Directors within PwC’s Academy and Advisory lines of service respectively, and Etienne Bonnici who has been appointed as Chief Technology Officer (CTO).