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Malta’s transposition of the Fourth EU Anti-Money Laundering Directive will make the fight against money laundering and terrorism financing more effective
Malta has enacted legislation to fully transpose the Fourth Anti-Money Laundering Directive. This directive has been transposed into Maltese law by virtue of amendments to the Prevention of Money Laundering Act, the enactment of new regulations under said act, and through the publication of various regulations intended to set up beneficial ownership registers for companies,…
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Meeting with Leo Brincat from the EU Court of Auditors
Member of the European Courts of Auditors Leo Brincat visited Minister for Finance Edward Scicluna. The meeting was held at the Ministry for Finance where Mr Brincat presented Minister Scicluna with a copy of the Annual Report of the Court of Auditors concerning the budget implementation for financial year 2016. The report includes reactions from…
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L-attakki fuq l-istituzzjonijiet ta’ pajjiżna
Ma naħsibx li kien hemm xi żmien daqs illum li istituzzjonijiet ta’ importanza kbira f’pajjiżna kienu attakkati bil-mod feroċi u qawwi li qegħdin ikunu attakkati bih. Attakki mhux biss fil-midja lokali u barranija imma anke, sfortunatament f’postijiet bħalma huwa l-Parlament Ewropew. Meta ngħid istituzzjonijiet ta’ importanza kbira f’pajjiżna inkun qed infisser awtoritajiet finanzjarji bħalma huwa…
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Budgets suċċessivi jkomplu jnaqqsu l-faqar
L-aħħar ċifri maħruġa mill-Eurostat juru li f’Malta, fi żmien sentejn, ir-rata ta’ nies li huma kkunsidrati li jgħixu f’faqar sinifikanti għax huma mċaħħdin minn affarijiet materjali u soċjali, naqset bin-nofs, minn 22.9 fil-mija fl-2014 għal 10.5 fil-mija fl-2016. Dan it-tnaqqis sinifikanti rrifletta tnaqqis sostanzjali kemm fir-rata ta’ nisa li huma mċaħħdin mill-affarijiet materjali kif ukoll…
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Africa has reasons to be moderately optimistic
“African countries have reasons to be moderately optimistic with regard to bridging the huge existing financing gap, since both globally and for us Europeans the financial crisis and its associated austerity is behind us.” PRESS RELEASE BY THE MINISTRY FOR FINANCE “Various initiatives by existing and newly set-up international development banks including the European Investment…
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Il-Lista s-Sewda
Pajjiżi deskritti bit-terminu ta’ tax haven ilhom fuq l-aġenda tal-opinjoni pubblika, mhux biss lokali, għal tul ta’ żmien, imma kultant b’aktar enfasi minn drabi oħrajn. Aktar kmieni din il-ġimgħa pparteċipajt f’laqgħa tal-Kunsill għall-Affarijiet Ekonomiċi u Finanzjarji (ECOFIN) tal-Kunsill tal-Unjoni Ewropea li saret fi Brussell. L-aġenda, pjuttost twila, kienet tinkludi l-approvazzjoni ta’ lista ta’ pajjiżi biex…
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Record economic growth translates into higher employment income and profits
The €700 million increase in GDP in the first three quarters of this year were distributed in a €200 million increase in compensation of employees, a €350 million increase in business profits, and a €150 million increase in revenue from production and imports taxes. PRESS RELEASE BY THE MINISTRY FOR FINANCE Minister for Finance Edward…
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M’hemmx ‘bużżieqa’ fis-suq tal-proprjetà
“L-industrija tal-kostruzzjoni hija sinifikanti u wieħed irid jieħu ħsiebha anke għax tolqot bosta individwi u setturi importanti oħrajn bħall-banek.” STQARRIJA MILL-MINISTERU GĦALL-FINANZI Hekk qal il-Ministru għall-Finanzi, il-Professur Edward Scicluna, waqt l-għeluq tal-‘Konferenza Nazzjonali dwar l-Analiżi tal-Proprjetà u l-Industrija tal-Kostruzzjoni’ organizzata minn Property Malta. Il-Ministru kompla li l-indikaturi kollha juru li fil-qasam tal-proprjetà ma hemmx ‘bużżieqa’.…
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L-ebda taxxa fuq tal-boll fl-iskema tal-first-time buyers u l-MSFA b’dokument ta’ konsultazzjoni dwar muniti diġitali
L-iskema tal-first-time buyers, li kellha tagħlaq fl-aħħar ta’ din is-sena, mhux talli se tiġi estiża, talli min għandu qabar issa se jkun eleġibbli għall-iskema l-ġdida. Dan qalu lbieraħ il-Ministru għall-Finanzi Edward Scicluna meta flimkien mas-Segretarju Parlamentari għas-Servizzi Finanzjarji, Ekonomija Diġitali u Innovazzjoni Silvio Schembri kien qed jindirizza sessjoni oħra ta’ Gvern Li Jisma’. Il-Ministru Scicluna kompla…
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A+ rating affirmation by the German credit rating agency
Minister for Finance Edward Scicluna welcomes another positive credit rating for the Maltese economy, this time by Creditreform Rating which affirmed Malta’s long-term sovereign rating at A+ with a stable outlook. PRESS RELEASE BY THE MINISTRY FOR FINANCE “Just two days after receiving the green light by the European Commission on Malta’s 2018 Budget and…