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European Commission recognises Malta’s CSR progress on various fronts
The European Commission has recognised the progress made by Malta on multiple fronts in addressing its Country Specific Recommendations (CSRs). Commenting on the European Commission’s Country Report for Malta, published on Thursday 26th February 2015, the Minister for Finance Edward Scicluna stated, “I am delighted that the word ‘progress’ features so often in the Overview…
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Courtesy Call from Russian Ambassador
[nggallery id=246] – Thursday, 26th February, 2015
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Il-Fond Monetarju Internazzjonali jirrevedi ‘l fuq it-Tbassir Ekonomiku għal Malta
Wara li l-Kummissjoni Ewropea rrevediet ‘l fuq it-tbassir tagħha tal-andament ekonomiku ta’ pajjiżna, issa kien imiss lill-Fond Monetarju Internazzjonali (IMF). F’Ottubru li għadda, esperti tal-IMF kienu bassru li t-tkabbir ekonomiku ta’ pajjiżna se jkun 2.2% fl-2014 u l-istess fl-2015. Fir-rapport li ħareġ issa, dan it-tbassir ġie rivedut għal 3.1% kemm fl-2014 kif ukoll fl-2015. …
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Our interest in Greek saga
On the financial front, Greece took centre stage last week, with an insurmountable problem to solve. The ever-increasing burden of the public debt, now standing at 175 per cent of the Gross Domestic Product (GDP), and its 25 per cent cut in its GDP since the beginning of the crises, with a similar figure of…
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Extraordinary Eurogroup, Ecofin and EIB Meetings – February 2015
Edward SCICLUNA, Minister for Finance of Malta, at the Eurogroup meeting on 11 February 2015, in Brussels. Eurozone finance ministers participate in an Extraordinary Eurogroup meeting on 11 February 2015 in Brussels. Eurozone finance ministers participate in an Extraordinary Eurogroup meeting on 11 February in Brussels.The Economic and Financial Affairs Council takes stock of progress…
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Pensions model results confirm pension system not in crisis but attention still required
The Minister for Finance, Prof. Edward Scicluna announced that the Pensions Model underlying other policy studies about the sustainability of Malta’s pension system will be published shortly and will serve as the basis for broad-based consultation with all stakeholders as to the way forward. Prof. Scicluna was speaking during the closing address of a seminar titled…
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Commissioner Pierre Moscovici acknowledges Malta’s debt and deficit reduction efforts
Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici has recognised Malta’s success in containing and reducing the national deficit and debt, whilst noting that Malta’s economic performance has exceeded the EU average. Press Statement by the Ministry for Finance Commissioner Moscovici stated this during the discussions held with the Minister…
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‘Once debts are honoured we are ready to be flexible’
“Once Greece is committed to honour its debt obligations, Malta is in favour of flexibility that would allow Greece some fiscal and economic latitude in order to continue addressing the economic and social consequences of the crisis. But the Greek authorities should work within the context of the current programme in order to ensure a…
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Lil hemm mill-Kliem Sabieħ għal Malta
Ftit jiem ilu l-Kummissjoni Ewropea ppublikat it-tbassir ekonomiku u finanzarju tagħha tax-Xitwa (Winter Forecast 2015) għall-membri kollha tal-Unjoni Ewropea, inkluż pajjiżna. Dan mhux l-unika tbassir ekonomiku li jsir. Aħna stess bħala pajjiż regolarment nagħmlu tbassir fuq l-ekonomija tagħna, u l-andament mistenni minna għax-xhur li jkunu ġejjin. Tbassir simili jsir ukoll mill-Bank Ċentrali ta’ pajjiżna, kif…
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Malta seeks assurances that Greek debt will honoured ahead of concessions
Speaking during a meeting for euro area Ministers for Finance held on 11 February 2015, the Minister for Finance Prof. Edward Scicluna said that Malta is requesting assurances that the Greek debt will be repaid in full, before any concessions are discussed. During the euro area meeting, the Ministers for Finance had the first opportunity…