Purchase of stocks and bonds increased over 2009

Purchases of stocks and bonds over the first eight months of the year have increased by €163 million in comparison to the same time last year. These figures were revealed by Minister of Finance Tonio Fenech at a visit to Rizzo Farrugia & Co. Ltd. yesterday.

The Finance Minister said that there was a positive response from investors, the high demand auguring well for the future. He said that Malta is increasing its competitive nature however we need to learn from mistakes made by other countries.

According to a report in Angelou Economics there is potential for an increase in job opportunities of 1,600 in the financial sector over the next five years.  

Rizzo Farrugia & Co Ltd was the first company to operate in the financial market in Malta. They have been operating for 35 years during which time they have attracted thousands of investors into the Maltese capital market. The company has grown over the past 20 years, investing heavily in research and technology.