The Malta Business Bureau moved offices as a result of its drive to enhance the quality and scope of services it renders to the membership of its parent organizations, the Malta Chamber of Commerce, Enterprise and Industry and the Malta Hotels and Restaurants Association. The MBB Malta office had been operating since 1998 at the Exchange Buildings in Valletta. The decision to open new offices has been taken in the context of the restructuring process that the MBB has been undergoing over the past months. The restructuring has seen the consolidation of the MBB’s position as the EU advisory office for the local private sector in line with the office’s proactive approach in supporting Maltese business on the provision of EU-related information, regulatory updates and EU funding opportunities.



Minister of Finance, the Economy and Investment Tonio Fenech congratulated the Malta Business Bureau on the inauguration of their new premises and for their sterling work amongst businesses carried out throughout the years. He expressed his belief that 2010 will provide better prospects for the Maltese economy and remarked that confidence is already being shown in our economy. Hon. Fenech referred to the "new investments announced over the past few weeks, the take up of privately issued bonds and Moody’s report on the resilience of Malta’s economy". The minister announced that "government will continue to assist this recovery both through wider scale projects such as the substantial investment in national projects which generate employment in short-term and better prospects for future and also through direct support to particular sectors, including specifc incentives for restaurants and hotels, the MicroInvest tax credit scheme, the EU funding opportunities for businesses and also through the organisation of business missions to South Africa, the Gulf and China to support local businesses in tapping new markets."



The inauguration event was also addressed by outgoing MBB President Mr. George Micallef who described the efforts which the MBB are taking in order to bring on stream more value-added services and assistance for the Maltese business community: "The MBB has stepped up a gear over the past year, strengthening its capacity to deliver on its core objective of advisory support to Maltese business on EU issues affecting enterprise. The opening of our new modern offices is the culmination of this restructuring process." Mr. Micallef also took the opportunity to introduce the incoming MBB President Mr. John Huber.