Air Malta delay passengers could be compensated upwards of €600

Apr 20 2023

Nationalist Party MP Rebekah Borg took to social media to explain that, given the various delays by national airline Air Malta, many consumers could be entitled for compensation through EU regulations.

The compensation granted depends on, amongst other things, the duration and distance of the flight.

She gave an example: One of the delays was on a Brussels flight to Malta which saw a 3 hour delay time. For this delay, a consumer could be compensated with €400.

On longer flights, the compensation could reach up to €600, ‘which are not small amounts!’

‘It is good to know your rights as a consumer’ the MP wrote, urging those who might wish to seek compensation to directly contact her so that she could help them out.

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People can only afford properties which cost 100K to 150K

Apr 20 2023

PwC Malta is releasing the fourth edition of its property barometer which analyses the current local sentiment towards local real estate demand preferences.

Carried out between 2022’s Quarter 4 and 2023’s Quarter 1 by means of an online survey, it targeted the total population residing on the Maltese islands and garnered 405 responses.

According to the data, 42% were making plans to buy whereas 31% were making plans to rent. A total of 27% had no plans of buying or renting in the near future.

21% were looking to buy (or could afford) properties between €100,000 and €150,000, followed by 20% looking for €171,000 to €200,000.

‘Around half of the respondents stated that the reason they are looking to purchase property is because they are moving out of their parental home, hence being first-time buyers, with the share increasing significantly from previous periods (Q1 2023: 53%; Q1 2022: 34%)’ the survey suggests.

This is contrasted by the share of respondents that would like to buy property for investment purposes has fallen.

The property type of choice remains apartments and penthouses at 56%. The share of respondents looking to buy maisonettes increased while that of villas, bungalows, farmhouses and palazzos declined.

Mosta ranked in first place as the most desired area for buying property with the lowest being Santa Luċija, Marsa and Valletta.

Full data by PwC here and here.

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Nepalese community in Malta celebrate on occasion of Nepali New Year 2080

Apr 20 2023

The Nepal Malta Charity ORG hosted a range of activities in Valletta last Sunday to celebrate Nepal Day and promote their culture on the island.

The celebrations saw Opposition Leader Bernard Grech visiting, along with Marco Cremona, the first Maltese to reach the summit of Mount Everest and Mark Galea Pace, who organised a clean up at Mount Everest’s base camp.

Around 2,500 people gathered in Valletta to celebrate and dance together. Videos uploaded to TikTok shows many dancing together, with many donning traditional Nepalese clothing.

‘The Program was organised with the motive to invite people from Different Nationalities to visit Nepal and feel the beauty of it to increase and promote Tourism in Nepal. To show that Nepal is a Country of different cultural and customs living in a one single roof with harmony and peace.’

#MaltaDaily

Source: @sandeshkc29 TikTok

Food and drink prices skyrocket in March 2023 due to inflation

Apr 20 2023

According to the recent Harmonised Index of Consumer Prices for March 2023, as reported by the National Statistics Office, the annual rate of inflation was 7.1% – increase from February’s 7.0%.

With a 12 month moving average rate for March standing at 6.8%, the largest upward impact on annual inflation was measured in the Food and non-alcoholic beverages index (with 2.30 more percentage points).

The inflation in the Food and Non-Alcoholic index was 12.9%, followed by Housing, Water, Electricity, Gas and Other Fuels at 9.5%.

On the other hand, the lowest annual inflation rates were registered in Communication (1.3%) and Transport (2.7%).

The increase in the Food and Non-Alcoholic Beverages Index was mainly due to the higher prices of meat. The second and third largest impacts were measured in the Restaurants and Hotels Index (+0.98%) and the Housing, Water, Electricity, Gas and Other Fuels Index (+0.96 points).

#MaltaDaily