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Accelerated rates of economic growth
Malta has once again recorded the highest economic growth in the EU with a real GDP growth rate of 7.5 per cent in the third quarter of this year. The growth rate compares remarkably well with the average growth rate of 1.7 and 1.9 per cent recorded in the Euro Area and the EU28 respectively.…
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The 6th Master in Accountancy Annual Conference
Minister for Finance Edward Scicluna addressed the 6th Master in Accountancy Annual Conference held at the Intercontinental Malta, St George’s Bay, St Julian’s, which also marked the 40th anniversary of the Faculty of Economics, Management and Accountancy within the University of Malta. PRESS RELEASE BY THE MINISTRY FOR FINANCE When addressing the Master in Accountancy students,…
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At the 20th Anniversary Eurogroup Meeting
“While we contend that the OECD is the appropriate institution where global tax matters should be discussed and agreed, we will still evaluate objectively the latest tax proposal by Germany and France on digital advertising by big international compnanies.” This was stated by Minister for Finance Edward Scicluna during the ECOFIN meeting which was held in Brussels.…
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Institute of Financial Services during its annual dinner
When addressing the Institute of Financial Services’ annual dinner, Minister for Finance Edward Scicluna recounted how the financial crisis of 2008 and the slow economic growth resulted in the country’s deficit running at 3.5% and the national debt hovering close to 70% by 2012. “The turnaround we have achieved since then has a lot to do with…
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Another positive rating for Malta
The Ministry for Finance welcomes the latest credit rating by Creditreform, another renowned German credit rating agency which affirmed Malta’s sovereign rating at ‘A+’ with a stable outlook. The positive rating reflects Malta’s very strong economic expansion, which over the past five years has outpaced growth levels seen in the EU by a…
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Madwar €12-il miljun għall-inġustizzji tal-passat għal din is-sena
F’konferenza tal-aħbarijiet il-Ministru għall-Finanzi Edward Scicluna u l-Ministru għall-Familja, Drittijiet tat-Tfal u Solidarjetà Soċjali Michael Falzon ħabbru li aktar minn 6,000 persuna jew inkella l-werrieta tagħhom se jirċievu kważi €12-il miljun bejniethom fil-jiem li ġejjin biex jikkumpensaw għal xi anomaliji jew inġustizzji li soffrew fil-passat. Il-Ministru Scicluna qal li fost dawn hemm l-eks…
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5+5 Finance Ministers’ meeting in Algiers
Minister Scicluna attended the third 5+5 Ministerial Conference (Finance and Investment) at the International Conference Centre of Algiers. Present for the meeting – among others – were the ministers of France (Bruno Le Marie); Italy (Giovanni Tria) and of the host country, Algeria (Abderrahmane Raouya). PRESS RELEASE BY THE MINISTRY FOR FINANCE …
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Ambassador for France to Malta
Minister for Finance Professor Edward Scicluna met with the Ambassador for France to Malta, H.E. Ms Brigitte Curmi. The meeting took place at the Finance Ministry in the Minister’s office in Valletta. The Ambassador for French to Malta was accompanied by, Mr Vincent Guitton, Regional Counsellor for Economic Affairs and Mr Arnaud Guigne an economic…
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EU Court of Auditors
Minister for Finance Profs Edward Scicluna welcomed Mr Leo Brincat, Member of the European Courts of Auditors at his office. Mr Brincat presented Minister Scicluna with a copy of the Annual Report of the Court of Auditors for 2017. PRESS RELEASE BY THE MINISTRY FOR FINANCE Mr Leo Brincat was accompanied by his Head of Cabinet Mr Romuald…
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Digital Services Tax – Europe should aim for a consensus-based solution within the OECD
“Digitalisation is a new reality we cannot ignore. So, the question is not if, but how and when”, said Finance Minister Edward Scicluna during the ECOFIN meeting in Brussels. The Council meeting was discussing the European Commission’s proposal on introducing a tax on digital services of leading international companies. PRESS RELEASE BY THE MINISTRY FOR…