News - News Releases 2019


Karm Farrugia 17.07.1932 – 02.11.2019

Veteran Economist Karm Farrugia passed away on November 2, aged 87. Mr Farrugia was a frequent contributor on economic matters and briefly served as deputy governor at the Central Bank of Malta between 15 February 1973 and 2 July 1973. Mr Farrugia also served as director of the then Malta Development Corporation at a time when the country faced a number of economic challenges following the departure of the British forces. After studying accounting and secretarial disciplines at the London University, he obtained an MSc in economics from the London School of Economics and Political Science. He also qualified as a cost and management accountant and auditor and was elected fellow of The Chartered Institute of Secretaries and Administrators. For many years, he lectured in economics and industrial management at the University of Malta.

Karm Farrugia

Photo: Times of Malta

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