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€68.7 million reduction in deficit for the first five months
A reduction of €68.7 million was recorded in the consolidated fund deficit in the first five months of this year when compared to the same period of last year. In fact, while in the first five months of 2016, the deficit was equal to €71.3 million, the deficit for the same period of this year…
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The Maltese Presidency secures another agreement to combat the financing of criminal activity in ECOFIN
The Maltese Presidency of the Council of the European Union has sealed another agreement in the Economic and Financial Affairs Council (ECOFIN) on cash entering or leaving the European Union. The regulation is aimed at improving the current system of controls, with the objective to take into account the development of new best practices in…
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The European Court of Auditors plays an important role in overseeing all European Union expenditure
Finance Minister Edward Scicluna and President of the European Court of Auditors (ECA) Klaus-Heiner Lehne addressed a joint press conference outlining the ECA’s important role in overseeing all European expenditure. Minister Scicluna said that the ECA should not be taken for granted, and must be seen by the member states as the institution overseeing that…
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Tliet istituzzjonijiet jagħtu rendikont ta’ xogħolhom lill-Ministru Edward Scicluna
F’konferenza stampa fil-bini fejn jiltaqa’ l-Public Contracts Review Board (PCRB), il-Ministru għall-Finanzi Edward Scicluna ġie ppreżentat b’rapport ta’ ħidma mill-PCRB għas-sena 2016. It-tliet istituzzjonijiet iltaqgħu għall-ewwel darba flimkien sforz ix-xogħol tagħhom li jirrigwardja l-infiq pubbliku. Iċ-Chairman ta’ PCRB Dr Anthony Cassar qal li fis-sena 2016 l-effiċjenza żdiedet – fejn qabel iż-żmien ta’ meta jidħol appell…
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Malta proud of its achievements during its Presidency
Speaking at the European Parliament’s Committee for Economic and Monetary Affairs (ECON), Minister for Finance Prof. Edward Scicluna highlighted the achievements of the Maltese Presidency on matters pertaining to taxation and other economic measures significant to the well-functioning of the European Single Market. On taxation, Malta has made significant progress on this very sensitive area…
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The Maltese Presidency commended for successfully steering forward the European Union agenda
The Maltese Presidency of the Council of the European Union has chaired its last ECOFIN Council today, which was held in Luxembourg, and chaired by Minister for Finance Edward Scicluna. This meeting ended a very successful and highly commendable performance by the Maltese Presidency of the Economic and Financial matters of the council. Malta,…
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Brighter future for the Malta Stock Exchange
Availability of credit in Malta and in the EU is constrained by the willingness of the banks to extend it to those seeking it. A stronger capital market will seek to address such shortfall, Minister for Finance Prof. Edward Scicluna said. Speaking at the Malta Stock Exchange, Minister Scicluna addressed the importance of…
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Tax dues to be settled at MaltaPost branches as of July
The Ministry for Finance has reached an agreement with MaltaPost plc whereby taxpayers will be able to pay their income tax and social security contributions at MaltaPost branches throughout Malta and Gozo. PRESS RELEASE BY THE MINISTRY FOR FINANCE Minister for Finance Edward Scicluna said that thanks to this agreement, taxpayers who prefer to…
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Maltese Presidency secures the 2nd legislative agreement on EU tax-related matters
An agreement between EU Member States on Double Taxation Dispute Resolution Mechanisms has been secured by the Maltese Presidency at an ECOFIN Council Meeting in Brussels, chaired by Finance Minister Prof. Edward Scicluna. This is the second agreement secured by the Maltese Presidency on tax-related matters, aimed at combating tax inefficiencies and tax evasion. …
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Malta Stock Exchange in discussions with Thomson Reuters
“I am very happy to learn that the Malta Stock Exchange (MSE) is currently in discussions with multinational Thomson Reuters over collaboration in various fields, especially training programmes for the MENA regim”, said Finance Minister Edward Scicluna at the official opening of the Malta Stock Exchange Institute in Mosta. MSE Chairman Joseph Portelli added that…