Malta Background

Background: 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 to use the euro as currency in 2008.

Definition: This entry usually highlights major historic events and current issues and may include a statement about one or two key future trends.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of May 16, 2008