Great Britain formally acquired possession of Malta in 1814. The island staunchly supported the UK through both world wars and remained in the Commonwealth when it became independent in 1964. A decade later Malta became a republic. Since about the mid-1980s, the island has transformed itself into a freight transshipment point, a financial center, and a tourist destination. Malta became an EU member in May 2004 and began using the euro as currency in 2008.
party to: Air Pollution, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands
signed, but not ratified:
none of the selected agreements
the country comprises an archipelago, with only the three largest islands (Malta, Ghawdex or Gozo, and Kemmuna or Comino) being inhabited; numerous bays provide good harbors; Malta and Tunisia are discussing the commercial exploitation of the continental shelf between their countries, particularly for oil exploration
elections:
president elected by a resolution of the House of Representatives for a five-year term; election last held on 12 January 2009 (next to be held by April 2014); following legislative elections, the leader of the majority party or leader of a majority coalition usually appointed prime minister by the president for a five-year term; the deputy prime minister appointed by the president on the advice of the prime minister
election results:
George ABELA elected president by the House of Representatives
unicameral House of Representatives (normally 65 seats; members are elected by popular vote on the basis of proportional representation by the Single Transferrable Vote (STV) to serve five-year terms; note - the parliament elected in 2013 is composed of 69 seats; when the political party winning an absolute majority of first-count votes (or a plurality of first-count votes in an election where only two parties are represented in parliament) does not win an absolute majority of seats, the constitution provides for the winning party to be awarded additional number of seats in parliament to guarantee it an absolute majority; in the event that more than two parties are represented in parliament, with none acquiring the absolute majority of votes, the party winning the majority of seats prevails
elections:
last held on 9 March 2013 (next to be held by March 2018)
election results:
percent of vote by party - PL 54.8%, PN 43.3%, other 1.9%; seats by party - PL 39, PN 30
highest court(s): Court of Appeal (consists of either 1 or 3 judges); Constitutional Court (consists of 3 judges); Court of Criminal Appeal (consists of either 1 or 3 judges)
judge selection and term of office:
Court of Appeal and Constitutional Court judges appointed by the president, usually upon the advice of the prime minister; judges of both courts serve until age 65
subordinate courts:
Civil Court (divided into the General Jurisdiction Section, Family Section, and Voluntary Section); Criminal Court; Court of Magistrates; Gozo Courts (for the islands of Gozo and Comino}
two equal vertical bands of white (hoist side) and red; in the upper hoist-side corner is a representation of the George Cross, edged in red; according to legend, the colors are taken from the red and white checkered banner of Count Roger of Sicily who removed a bi-colored corner and granted it to Malta in 1091; an uncontested explanation is that the colors are those of the Knights of Saint John who ruled Malta from 1530 to 1798; in 1942, King George VI of the United Kingdom awarded the George Cross to the islanders for their exceptional bravery and gallantry in World War II; since independence in 1964, the George Cross bordered in red has appeared directly on the white field
Malta - the smallest economy in the euro zone - produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. Malta's geographic position between Europe and North Africa makes it a target for irregular migration, which has strained Malta's political and economic resources. Malta's fertility rate is below the EU average, and population growth in recent years has largely been from immigration, putting increasing pressure on the pension system. Malta adopted the euro on 1 January 2008. Malta's economy is dependent on foreign trade, manufacturing, and tourism, and was hurt by the global economic downturn, but fared better than most other EU member states. Malta has low unemployment relative to other European countries, and growth has recovered since the 2009 recession. Malta's financial services industry has grown in recent years and it has avoided contagion from the European financial crisis, largely because its debt is mostly held domestically and its banks have low exposure to the sovereign debt of peripheral European countries. The EU reopened an excessive deficit procedure against Malta in June 2013, having found that its forecasted deficit for the year was likely to exceed 3% of GDP.
note:Malta reports public debt at nominal value outstanding at the end of the year, according to guidelines set out in the Maastricht Treaty for general government gross debt; the data include the following categories of government liabilities (as defined in ESA95): currency and deposits (AF.2), securities other than shares excluding financial derivatives (AF.3, excluding AF.34), and loans (AF.4); general government comprises the central government, state government, local government and social security funds
note:see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 members of the EMU; individual members of the EMU do not control the quantity of money circulating within their own borders
machinery and mechanical appliances; mineral fuels, oils and products; pharmaceutical products; printed books and newspapers; aircraft/spacecraft and parts; toys, games, and sports equipment
mineral fuels, oils and products; electrical machinery; aircraft/spacecraft and parts thereof; machinery and mechanical appliances; plastic and other semi-manufactured goods; vehicles and parts thereof
2 publicly owned TV stations, Television Malta (TVM) broadcasting nationally plus an educational channel; several privately owned national television stations, two of which are owned by political parties; Italian and British broadcast programs are available; multi-channel cable and satellite TV services are available; publicly owned radio broadcaster operates 1 station; roughly 20 commercial radio stations (2011)