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Fitch states that Malta outperformed the average performance of ‘A’ rated countries
In this report published on 27th February 2015, Fitch Ratings has reaffirmed Malta’s ‘A’ Rating with a stable outlook. Fitch states that Malta’s robust economic growth has continued to outperform that of euro area countries, and also exceeded the median growth rate of countries classified under the same ‘A’ credit rating. Fitch describes…
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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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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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‘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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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…
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Courtesy call from IMF Executive Director Carlo Cottarelli
The Minister for Finance Prof. Edward Scicluna received a courtesy visit from International Monetary Fund (IMF) Executive Director Carlo Cottarelli on Friday 6th February 2015. During the visit, Minister Scicluna and Mr Cottarelli discussed the improvements to the Maltese economy brought about by this Government, including the restructuring of various state-owned corporations. [nggallery id=242]…
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Courtesy Visit from UAE Director General of Insurance Authority
The Minister for Finance Prof. Edward Scicluna received a courtesy visit from His Excellency Ebrahim Obaid Al Zaabi, Director General of Insurance Authority in the United Arab Emirates on Wednesday 28th January 2015. During the meeting, Minister Scicluna and H.E. Obaid Al Zaabi had occasion to discuss various issues of mutual interest to the Maltese…
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Yes to Reasonable Concessions, No to Debt Write-Off
At the Eurogroup Session held on Monday 26th January 2015, Eurozone Finance Ministers were informed of the latest developments regarding the recent Greek elections. Discussion on this issue will be postponed to the February session. PRESS STATEMENT BY THE MINISTRY FOR FINANCE In comments to the media following the meeting, the Minister for Finance Prof.…