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The European Congress of Qualitative Inquiry 4th International Conference
“By sustainable finance, we are asking the financial services sector worldwide to take on a social, environmental and developmental responsibility,” stated Minister for Finance and Financial Services Edward Scicluna in his concluding address during a conference on the sustainability of the financial sector in Malta, organised by the Finance Forum at the Corinthia Hotel in…
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DBRS confirms Malta’s rating at ‘A’ (High) with a stable trend
“I am pleased to note the credit rating agency DBRS acknowledging that Malta’s current public finance position and debt dynamics provide the government valuable room to support the economy in the event of a negative shock. Reducing the debt burden and creating a fiscal buffer in case of need has been and will remain the…
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Finance Minister on Europe’s Green Deal
“Malta welcomes the European Green deal which is intended to synergise the economy, the environment and society”, said Finance and Financial Services Minister Edward Scicluna while intervening during the ECOFIN Council, which was held in Brussels. Minister Scicluna further noted, however, that the adoption of this strategy may be burdensome on some member states. Minister…
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Fitch affirms Malta’s ‘A+’ rating with a positive outlook
The Ministry for Finance welcomes the latest credit rating report issued by Fitch which affirmed Malta’s rating at ‘A+’ with a positive outlook. The ‘A+’ rating reflects Malta’s institutions which are considered stronger than the majority of similarly rated countries. Malta also outperformed the ‘A’ median on the World Bank human development and governance indicators.…
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Budget 2020: Strument għat-tkabbir ekonomiku u għat-tqassim tal-ġid
Waqt konferenza stampa dwar il-Budget 2020, il-Ministru għall-Finanzi Edward Scicluna spjega li l-qafas ta’ kull baġit li ħejja dan il-gvern mill-2013 ’l hawn ġie msejjes fuq erba’ pilastri. Wieħed minn dawn il-pilastri hu li jiġi xprunat it-tkabbir ekonomiku permezz ta’ tisħiħ f’setturi eżistenti u ta’ diversifikazzjoni f’setturi u f’niċeċ ġodda flimkien mal-miżuri tal-Making Work Pay…
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€8 million surplus recorded in the first eleven months
The Ministry for Finance welcomes the latest Government finance data published by the NSO, which shows that during the period January to November of this year, the Government recorded a surplus of €8.0 million, representing a positive change over last year by €43.2 million. The surplus for the first eleven months reflected a significant increase…
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At the Atlantic Dialogues in Marrakech
“A lot of Central Banks’ fire power is wasted on compensating for existing negative effects arising from trade sanctions. Why should we put the burden on monetary policy when we can get instead the bull by the horns and target what has been slowing down the Global Economy. We should attack the problem at heart.”…
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National Coordinating Committee Strategy Seminar
During strategy seminar organised by the National Coordinating Committee (NCC) within the Ministry for Finance. The seminar was attended by the competent authorities members of the NCC, the Attorney General’s Office; the Malta Police Force; the Office of the Commissioner of Voluntary Organisations; the Sanctions Monitoring Board; the Malta Gaming Authority; the Land Registry Authority;…
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Malta supports a European FIU Platform
“Malta strongly supports the Council Conclusions on AML/CFT strategic priorities, especially so to address trans boundary organised financial crime”. This was stated by the Minister for Finance Edward Scicluna during the ECOFIN Meeting held today, 5th December, in Brussels. PRESS RELEASE BY THE MINISTRY FOR FINANCE While the present operational systems that enable the exchange of information…
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Broad-based economic growth continues in the third quarter
In the third quarter of this year, the Maltese economy recorded a 3.4 per cent increase in real GDP over the same quarter last year. The third quarter growth rate in the Euro Area averaged 1.2 per cent. Economic growth for the first three quarters of this year amounted to 4.7 per cent, while it…