Since joining the European Union in 2004, Malta has experienced significant transformation and growth. As the EU's smallest member state, Malta adopted the euro in 2008, bolstering its economy and integrating further into European markets. The nation has thrived as a hub for finance, technology, and tourism while playing an active role in EU policymaking. Malta has also gained recognition for addressing challenges such as migration and climate change, leveraging its strategic Mediterranean location. Membership in the EU has solidified Malta's global presence while fostering modernization and development across various sectors.