In preparation for Malta's membership in the European Union, which it joined on 1 May 2004, it privatised some state-controlled firms and liberalised markets. For example, the government announced on 8 January 2007 that it was selling its 40 per cent stake in MaltaPost, to complete a privatisation process which had been ongoing for the previous five years. From 2000 to 2010, Malta privatised telecommunications, postal services, shipyards and Malta International Airport.