Malta Welcomes the Euro

28/12/2007 20:50


PR Newswire


VALLETTA, Malta, December 28 /PRNewswire/ --

- On 31st December 2007, Dr Lawrence Gonzi, Prime Minister and Minister of Finance of Malta and Michael C. Bonello, Governor of the Central Bank of Malta, Will Receive the First Maltese Euro Money in Valletta.


- From 1st January 2008 Malta Will be the 15th Country to Adopt the Single Currency.

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The Maltese authorities will welcome the new currency with a big public event in the Grand Harbour of the capital, Valletta. The National Euro Changeover Committee will commemorate the adoption of the Euro with breathtaking firework choreography at the stroke of midnight.

'Malta's accession into the Eurozone will make the country more attractive for local and foreign investment by increasing Malta's competitiveness. What is more, the Euro is currently at its peak and knows an unprecedented strength. We are proud that Malta is now at the very heart of Europe,' says Dr Gonzi.

All ATMs will start dispensing Euro as from midnight. National symbols such as the Maltese Cross, the Coat of Arms and the Mnajdra Temple Altar will be the faces of the new Euro coins.

Some 1.3 million people choose the Mediterranean island as their holiday destination every year. 'The adoption of the Euro represents a significant incentive to boost the number of people visiting Malta' added Tonio Fenech, Parliamentary Secretary of the Maltese Ministry of Finance.

Malta attracts guests with a mild climate, clear water and sunshine throughout the year. With flights offered from all major European airports and a short flight time, it is a destination also for short holiday breaks. Malta provides diverse holiday possibilities through its history of 7.000 years of civilization, offering ethnological and architectural variety.

For further information, please contact:
MEDIA CONSULTA International Holding AG
Stephanie Preiser
E-Mail: s.preiser@media-consulta.com
Phone: +49-30-65000-342
For further information, please contact: MEDIA CONSULTA International Holding AG, Stephanie Preiser, E-Mail: s.preiser@media-consulta.com, Phone: +49-30-65000-342