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Finance Ministry to facilitate VAT refund services for third-country nationals
Non-EU nationals will be receiving their VAT refund on items bought in Malta in a more expeditious way, thanks to an agreement signed today at the Ministry for Finance. Through this agreement, international tax free shopping operator Fintrax Group will be setting up an office under the brand Premier Tax Free at Malta International Airport,…
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Minister Scicluna presides over the first ECOFIN under Malta’s Presidency
Minister for Finance Edward Scicluna presided over the first meeting of the Economic and Financial Affairs Council (ECOFIN) under the Maltese Presidency, during which he also presented his working programme which covers financial services, economic governance, investment, taxation and the EU budget. The meeting’s agenda included a presentation by former Italian Prime Minister Mario Monti,…
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Minister Scicluna returns to the European Parliament as President of the Council of Economic and Financial Affairs (ECOFIN) to expound the Presidency programme
Minister for Finance Edward Scicluna appeared before the Economic and Financial Committee of the European Parliament (ECON) in his capacity as President of the Council of Economic and Financial Affairs Council (ECOFIN). Minister Scicluna had served as Vice-Chairman of the ECON for four years when he was a Member of the European Parliament (MEP). …
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Record low 2016 third quarter deficit
The Quarterly Accounts for General Government, published today by the NSO, show that the Government has succeeded in recording the lowest third quarter deficit since data on the General Government deficit started being compiled. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE Indeed, the General Government deficit for the third quarter of 2016 fell…
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First edition of the Twanny Bugeja Equestrian Festival held in Marsa
Minister for Finance Edward Scicluna presented trophies to the jockeys and owners of winning horses during the first edition of the Twanny Bugeja Equestrian Festival which was held yesterday at the Marsa Racecourse. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE The festival, organised by the Malta Racing Club with the support of…
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Sustained decline in 2016 deficit
The Ministry for Finance welcomes the latest Government finance data published by the National Statistics Office (NSO) showing a reduction of €100.7 million in the consolidated fund deficit in the period January to November of this year. As a result, the deficit for the eleven-month period was more than halved over last year. PRESS RELEASE…
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First edition of the Twanny Bugeja Equestrian Festival launched
The Ministry for Finance is supporting the Malta Racing Club in organising the first edition of the Twanny Bugeja Equestrian Festival which will honour the memory of late sports journalist who was a fixture of local horse racing for over 37 years. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE During a press conference…
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IMF attributes Malta’s exceptionally strong economic growth to sound policies
The Government welcomes the 2016 Article IV Mission report published yesterday by the International Monetary Fund (IMF) following their ten-day mission to Malta where they evaluated in depth the economic and fiscal state of the Maltese economy. In particular, it welcomes the report’s opening statement where it attributes Malta’s exceptionally strong economic growth to sound…
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Robust economic growth coupled with low inflation
The Ministry for Finance welcomes the latest data on prices published today by the NSO which showed that annual inflation as measured by the HICP remained at a relatively low level of 0.8 per cent in November of this year. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE The low inflation level was mainly…
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Minister Scicluna meets with Leo Brincat from the EU Court of Auditors
Minister for Finance, Prof. Edward Scicluna held a meeting with Mr. Leo Brincat, member of the European Courts of Auditors at the Finance Ministry. Amongst the various subjects discussed was the strengthening of the co-operation between the EU Court of Auditors and the Council. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE Mr.…