Chamber of Commerce CEO Marthese Portelli has suggested that Malta has enough supermarkets and shopping malls and that the Planning Authority should stop issuing permits for new developments.
She also warned that the country has an oversupply of offices.
“Studies show us we have an oversupply of office space and yet the Planning Authority keeps issuing permits for office buildings. The same applies to supermarkets and shopping malls. Do we really need more?” Portelli questioned in an interview with Times of Malta.
The Chamber of Commerce recently released a range of proposals as part of its call on the government to move away from a “growth at all costs” economic model and towards one that focuses more on quality of life.
In her recent interview, Portelli warned the economy is on “CPR” and urged the government to take certain decisions that may be unpopular in the short-term but valuable in the long-term.
“Malta is nearing breaking point, with full employment putting immense pressure on the nation’s infrastructure, particularly in areas such as traffic management and utilities,” she said.
Do you agree with her assessment?
