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Tariffs Reduction Will Boost Gross Domestic Product by 0.5%
The reduction in electricity and water tariffs introduced on 31st March 2014 will increase consumption by €42 million and boost the gross domestic product by 0.5%. Furthermore lower income families will benefit from a higher percentage of savings than higher income families, the Minister for Finance Prof. Edward Scicluna said. Prof. Scicluna was speaking during a…
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Finance Minister pays tribute to Chinese engineers who lost their lives during construction of Dock 6
Finance Minister Prof. Edward Scicluna attended a wreath laying ceremony at the Addolorata Cemetery on Saturday 5th April 2014 in remembrance of two Chinese engineers who lost their lives during the construction of the No. 6 Dry Dock in Malta in 1979. The ceremony is an annual event organised by the Chinese Embassy on Chinese…
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Banking Activity Discontinuities should be Avoided
“We do not believe this is the right time for introducing discontinuities in banking activity during this delicate period and we have to tread carefully”. This was stated by the Minister for Finance, Professor Edward Scicluna in response to the Commission’s proposal and the Liikanen report regarding the possible reforms to the structure of the…
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MCESD-MEUSAC meeting on National Reform Programe
Finance Minister Prof. Edward Scicluna delivered an address to a joint meeting of the Malta Council for Economic and Social Development (MCESD) and the Malta-EU Action Steering Committee (MEUSAC) on Friday 28th March 2014, where he discussed the upcoming National Reform Programme (NRP). Prof. Scicluna explained that the NRP represents the beginning of the European…
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Childcare to Start Next Week following Signing with Service Providers
The Government has signed the formal agreement with service providers for the provision of free childcare services for working parents. The signing was presided by Education and Employment Minister Evarist Bartolo, and Finance Minister Prof. Edward Scicluna. The free childcare service agreement is expected to result in an increase in usage of childcare services by…
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“Malta Committed To Tax Transparency”
“Malta is committed towards tax transparency, and has tirelessly and consistently undertaken efforts in that regard, because we fully believe in the importance of this process,” Finance Minister Prof. Edward Scicluna said. Prof. Scicluna was delivering the opening address of the 15th meeting of the OECD’s Global Forum Peer Review Group, which was held in…
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Minister for Finance inaugurates new refurbished and rebranded local company premises
Minister for Finance Prof. Edward Scicluna was the guest of honour during the launch of a new showroom of local company Rustica Ltd, following refurbishment and rebranding that represents an investment of half a million Euros. Over the past year and a half, the company has invested over half a million Euros in refurbishing and…
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National Statistics Officials stationed at MIA
Finance Minister Prof. Edward Scicluna paid a visit to National Statistics Office (NSO) officials stationed within the Malta International Airport. The visit coincided with the launch of new uniforms be worn by NSO officials responsible for carrying out airport survey interviews as part of ongoing survey among departing passengers at the Malta International Airport. This…
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Visit to the offices of the World Aviation Group
Finance Minister Prof. Edward Scicluna toured the offices of the World Aviation Group, located in the Aviation Centre, Luqa. The customer services and customer care backoffice sector, in which the three different operations which form the World Aviation Group (Centrecom, BPO Services, and Aviation Online) operate, represents a valuable emerging economic niche which is providing…
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Fitch Report: ‘Malta’s growth to keep outperforming the Eurozone average’
“With this report the Maltese can put their mind at rest that this Government has achieved a sustained economic turnaround and that the country can optimistically look forward to higher economic growth and employment,” said the Minister for Finance Prof. Edward Scicluna. Prof Scicluna was commenting following the publication of a rating report by international…