The Gozo University Group said that the new agreement between the Ministry of Gozo and the Ministry for Finance in th launch of the Financial Services Gozo Foundation , is set to promote Gozo for the establishment of new businesses within the financial services sector.
This Foundation is aiming for cooperation between those in the Financial industry to promote Gozo as an investment hub.
GUG said that this initiative “is a great step towards improvement of the island of Gozo and will definitely be of benefit to the society and Gozo’s economy.”
The Gozo University Group said that it believes that Gozo has enough resources and potential for these financial industries to operate. “GUG holds that such project will most definitely affect positively the continuous brain drain this island faces.”
GUG concluded by saying that “the introduction of the second fibre optic cable in the Malta Budget 2017, which GUG has been rigorously pressing on, is most definitely one of the prime factors that has contributed to this initiative. With the second fibre optic cable, investors are more willing to establish themselves in Gozo as through this introduction, digital connectivity and investments are more secured.”