J.Portelli Projects reportedly buys an Island in Montenegro for around 100 million

Jun 25 2022

Poslovni dnevnik, a Croatian daily business newspaper has reported that J.Portelli Projects have bought the largest island in the Bay of Kotor – Stradioti, better known as Sveti Marko for around 90 to 100 million. The island has been owned by the Russian group Metropol for about 15 years and is almost 340,000 square meters.

J.Portelli Projects reportedly buys an Island in Montenegro for around 100 million Sveti Marko Island, historically known as Stradioti, is an island on the Adriatic Sea, in the Montenegrin municipality of Tivat. According to an Ancient Greek legend, the island was a gift from the gods to Greek soldiers who healed their wounds after battles on the island. Out of gratitude, they swore that they will never again wage a war on their own, but only protect themselves if need be. They broke the oath eventually, and the enraged gods sent a deadly storm which killed everyone on the island, leaving only the beautiful old olive trees. Sveti Marko Island is located near the town of Tivat, in the Bay of Kotor.

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Gareth Bale agrees to join American side Los Angeles FC

Jun 25 2022

Welsh and Real Madrid superstar has agreed to join MLS side Los Angeles FC on a year-long contract, which will see him regain his fitness before Wales’s long awaited World Cup campaign. He will reportedly have an option to extend his stay stateside for a further 18 months.

The 32 year old will join fellow European star and former Italy captain Giorgio Chiellini in what will be an interesting experience in Los Angeles. He reportedly had many other offers from clubs even in Europe, such as hometown side Cardiff City.

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In June, Bale had this to say after helping his country qualify for the upcoming World Cup in Qatar; “I just want to be playing going into the World Cup to be as fit as I can,”

“Once I get back into playing regular football, my body will get more robust and a bit better.

“It’s very difficult when you’re in and out of a team to get a rhythm in terms of your fitness and health. Any player will tell you, playing week-in week-out, your body becomes more robust, you get used to it and you get fitter by doing that. I just need to play games and I’ll be good to go.”

It has been a very good summer for MLS teams when it comes to transfers. Los Angeles FC have not been the only team signing European players with big reputations with Toronto FC signing former Napoli captain and Italian national team star Lorenzo Insigne.

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Maltese government registers deficit of €373 million in first 5 months of 2022

Jun 25 2022

In the first five months of 2022, the Maltese government registered a deficit of €373 million. When compared to the same period in 2021, this would mean a decrease in deficit of around €280 million.

This was revealed in the National Statistics Office’s publication on the government’s financial position, with the document also revealing that the government had registered a deficit of €650 during the pandemic.

The NSO revealed that the government’s largest spending bracket was €54 million which went towards programmes and initiatives including the €48 million government stimulus cheques. Social benefits saw an increase in €28 million and €26 million went towards tax cuts and subsidies while €7 million were spent on the regulation of gas prices.

The government now has €8,410 million in debt.

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Police officers should have higher salaries, says PN MP Alex Borg

Jun 25 2022

Nationalist MP and Gozo spokesperson Alex Borg has stated that police officers in Malta should have higher salaries in order to attempt to handle the human resource shortage within the police force.

In a parliamentary address, Borg stated that there is a lack of security in Gozo but the blame does not lie with the force but with those responsible for allocating human and financial resources.

“Now that summer has started, the Gozitan population more than doubles and public activities like feasts an others increase. And the human resource within the police force remains as is. How are we going to handle it?” Borg asked, before he went on to call for better working conditions and wages to attract more and more capable people to this career choice.

Do you agree?

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