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The national trust Din l-Art Ħelwa is setting up a Gozo branch aimed at protecting the island from overdevelopment gains momentum. Din l-Art Ħelwa Għawdex will seek to safeguard Gozo’s unique cultural and architectural heritage and its natural environment for future generations. This is in line with its parent NGO’s mission for the Maltese islands. Besides holding historical properties in trust, Din l-Art Ħelwa acts as a watchdog and lobbyist for the protection of the islands’ environment and architectural legacy. The special regional board of the NGO is due to be launched on June 5. The need to set up an organisation that would focus specifically on protecting Gozo has been felt by concerned citizens. ....
Mapfre Middlesea AGM was held remotely and streamed live on its website. Commenting on the year under review, chairman Martin Galea remarked that Mapfre Middlesea and Mapfre MSV Life have both performed well in spite of the pandemic. Both companies posted excellent returns. While Mapfre Middlesea posted a profit after tax of €4.12 million (2019 €4.01 excluding Group Dividends), Mapfre MSV Life posted a profit of €10.33 million (2019 €11.75 million) of which half is attributable to Mapfre Middlesea (the remaining half being owned by the bank). Due to these excellent returns Mapfre Middlesea will be issuing a net dividend of €3.20 million being 77.7 per cent of the company profit. ....
Depending on which side of the political spectrum you place yourself, you may believe that the government has made great strides to improve governance or, indeed, you may believe it has been forced to do so by the international community and local activists. You may believe that the institutions are now working and that the excesses of cronyism, sleaze and corruption are now being tackled. The bottom line is that there has been an improvement in governance. Appointments of key figures like the attorney general, the commissioner of police and heads of other key institutions are now not made at the pleasure of the prime minister but have to go through a process, which, at least on paper, makes them independent. ....
MAPFRE Middlesea plc, as a standalone company, registered a turnover of €75.12 million in gross premium written, a one per cent increase over FY2019, registering a marginal increase in its market leadership share. In a year dominated by the COVID-19 pandemic, premium growth was severely depressed, with the market only marginally increasing in volume as economic activity slowed down. Technical results improved over the previous year as the near lockdown months and the lack of tourist visiting the island affected favourably the claim frequency particularly in motor. Fewer large losses occurred during the year with a lower effect on results compared to the previous year. ....