Tag: prices
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There are no cushions and no hedges: the Labour government is naked
When the war in Iran broke out, Finance Minister Clyde Caruana went to Parliament and said that the government has a cushion which will enable the country avoid the negative affects of the war. The Finance Minister said that the government can spend up to €250 million more in subsidies to ward off energy inflation…
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House prices go up by 6.1% in the last quarter of 2025 according to new Eurostat index
Malta has recorded a 6.1% increase in house prices in the last quarter of 2025, according to the latest House Price Index by Eurostat. The reading is the same provided by the NSO. The property price indicator has been updated along with the HICP updates. House prices in the EU increased by an average of…
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Nearly 50% of electricity in the EU generated from renewable sources but electricity prices remain high
According to the latest statistics issued by Eurostat, up 47.5% of all electricity in the EU was generated from renewable energy sources with a 2.1% increase from the previous year. The renewable energy sources were composed of wind, with up to 38%, hydro-power with up to 26.4% and solar power with up to 23.4%. Austria…
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The massive economic cost of the housing crisis
There is plenty of discussion about the human and social aspect of the ongoing housing crisis in Malta. The young generations are facing extreme challenges to obtain housing and start families and this is also negatively impacting the birth-rate. However there is also another cold and calculating aspect of this crisis which is currently being…
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Oil price crashes as OPEC increases production: NatGas winds down
On Thursday last week, OPEC announced an increase of oil productivity by 411,000 barrels per day with a total of 2.2 million barrels, that lead to the oil price crashing after the announcement. Brent Crude is currently at $63.62 from its Thursday high of $73, down by more than 12%. The countries implementing the oil…
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Wind turbines in Europe aren’t making electricity cheaper
The Labour government is spearheading an energy plan by the Minister of Energy and the Environment Miriam Dalli, which reads more like a political manifesto than a detailed plan with actual economic and material targets. The plan is being pushed forward in a religious and orthodox political manner in line with the European Union’s current…
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Gas prices are surging and Miriam Dalli’s trade is still in the red
For the sake of my country I had hoped I was to be finally proved wrong on Miriam Dalli’s horrible gas trade when yesterday during the morning, gas prices surged around 15% higher. Miriam Dalli’s gas trade is still in the red because oil prices have fallen by just 11% while gas prices have fallen…
