In 2015, the Maltese economy continued to excel recording the highest growth over the last one and a half decade. In fact, the official figures show that real GDP increased by 6.3 per cent in real terms while in nominal terms the Maltese economy is estimated to have grown by 8.8 per cent.    …

Yet another measure announced in the Budget 2016 will come into force with the launch of a multilateral trading facility aimed at providing SMEs looking to raise between €1m and €5m to finance their expansion and development with opportunities of direct financing by investors in the market in an efficient and regulated manner and without…

The Minister for Finance, Prof. Edward Scicluna, met with the European Commissioner for Financial Stability, Financial Services and Capital Markets Union, Jonathan Hill, earlier today, Thursday, 11 February 2016, in Brussels.     The meeting is part of a series of high-level exchanges which Minister Scicluna’s has been holding at an EU level in order…

Minister for Finance, Prof. Edward Scicluna, visited the newly-licensed MFC Merchant Bank, the result of a €91 million investment by Canadian MFC Industrial Ltd, through the acquisition of Bawag Malta Bank Ltd.            – 5th February, 2016

Minister for Finance Edward Scicluna, is in Beijing for the inaugural meeting of the Board of Governors of the newly-formed Asian Infrastructure Investment Bank (AIIB), a China-led multilateral development bank in which Malta is a founder member along with 56 other countries. These include a number of other EU member states including the UK, France,…

The third quarter of 2015 has recorded the lowest third quarter deficit since data on the General Government Deficit started being compiled, the latest figures on the Quarterly Accounts for General Government published by the National Statistics Office (NSO) today show. The General Government deficit for July-September 2015 stood at €6.5 million, down from the…

The Department of Contracts has signed a contract agreement worth €22,470,006.53 with the Spanish joint venture SJ Kappara K.V. for the construction of a grade separated junction at Node EA15 in Kappara.   PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE The contract was signed today, Thursday 17th December 2015, by the Director General of…

Il-Ministru għall-Finanzi Edward Scicluna, u l-Ambaxxatur Ċiniż għal Malta, is-Sur Cai Jinbiao, it-Tnejn 14 ta’ Diċembru 2015 iffirmaw iċ-ċertifikat tal-konsenja uffiċjali mill-gvern Ċiniż ta’ tagħmir liċ-Ċentru għall-Kreattività tal-Kavallier ta’ San Ġakbu.   L-għotja tinkludi tagħmir għall-palk u skrins tat-TV LCD, għall-valur ta’ 2.2 miljun Yuan Renminbi (bejn wieħed u ieħor €310,000). It-tagħmir se jkompli jsaħħaħ…

Official figures show that in the third quarter of 2015, the Maltese economy continued to register robust growth, with a GDP growth of 5.4 per cent in real terms and 8.0 per cent in nominal terms. The rate is the highest rate in the Eurozone, surpassing its average of 1.6 per cent.   More importantly,…

Il-Ministru għall-Finanzi, Edward Scicluna, ħabbar l-implimentazzjoni ta’ żewġ miżuri mħabbrin fil-Baġit għall-2016, li huma maħsubin biex l-azjendi – partikolarment dawk żgħar – jaffaċċjaw inqas burokrazija fir-rigward tal-performance bonds biex ikollhom aċċess aktar faċli għal kuntratti pubbliċi.     Waqt konferenza tal-aħbarijiet li saret fl-uffiċċju tad-Dipartiment tal-Kuntratti, il-Furjana, it-Tnejn 30 ta’ Novembru 2015, il-Ministru kkummenta li…