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Institute of Financial Services Practitioners
Minister for Finance Edward Scicluna addressed the members of the Institute of Financial Services Practioners at a conference entitled, ‘Striking a balance for financial services, regulation and competitiveness’. Minister Scicluna said that regulators and regulatory institutions need to be strengthened not destroyed or damaged. He referred to the AML/CFT work plan in this regard: “We…
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The Malta Stock Exchange launches three bond indices
Minister for Finance Edward Scicluna inaugurated the launch of three bond indices by the Malta Stock Exchange (MSE); the MSE Corporate Bonds Total Return Index, the Malta Government Stocks Total Return Index and the MSE Balanced Bonds Total Return Index. PRESS RELEASE BY THE MINISTRY FOR FINANCE The Finance Minister explained that these three indices…
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Secretary General of the World Customs Organisation visit at Ministry for Finance
Minister for Finance Edward Scicluna held a meeting with Dr Kunio Mikuriya, Secretary General of the World Customs Organisation (WCO), at the Ministry for Finance in Valletta. PRESS RELEASE BY THE MINISTRY FOR FINANCE Dr Mikuriya has been Secretary General of the WCO since 2009 and he provides leadership and executive management for the global…
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DBRS affirms Malta’s rating at ‘a (high)’ with a stable outlook
Following the positive sovereign credit ratings by Fitch and Moody’s earlier this year, DBRS, a reputable Canadian credit rating agency, has confirmed Malta’s sovereign credit rating at ‘A (high)’ with a stable outlook. PRESS RELEASE BY THE MINISTRY FOR FINANCE DBRS notes that the ‘A (high)’ rating is mainly supported by Malta’s strong external position,…
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Bilateral meeting with Italian Economy and Finance Minister Giovanni Tria
A bilateral meeting was held on Friday between Finance Minister Edward Scicluna and Italian Economy and Finance Minister Giovanni Tria on the fringes of the International Monetary Fund (IMF) and the World Bank constituency meeting held in Malta. PRESS RELEASE BY THE MINISTRY FOR FINANCE The two Ministers pledged to intensify the good relationship built…
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Better to have convincing tax proposals rather than resorting to abolishing unanimity on tax matters
The idea that is being floated by the European Commission on ending unanimity on tax matters in the Council of the European Union “is not just a matter of sovereignty but more importantly about the possible use of force when the power of conviction is lacking”. This is how Minister for Finance Edward Scicluna described…
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Combating tax fraud at the European level
Minister for Finance Edward Scicluna welcomed the tax officials from the 28 member states attending the 12th meeting of the Eurofisc Group Working Field 1 dealing with MTIC fraud. The two-day conference, hosted by Malta, is being held at the Grand Hotel Excelsior Malta between the 6th and 7th of February. PRESS RELEASE BY THE…
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Commission considers Malta as one of the most dynamic economies in the EU in its Winter 2019 Forecast
The European Commission described Malta as one of the most dynamic economies in the EU in its Winter 2019 Economic Forecast as Malta secured the highest forecasted economic growth rate in the EU for the years 2019 and 2020. PRESS RELEASE BY THE MINISTRY FOR FINANCE The Winter Forecast also revised upwards the outlook from…
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‘Paving the way towards a Sustainable Maltese Economy – Looking ahead to 2050’
The Ministry for the Environment, Sustainable Development and Climate Change organised a conference titled ‘Paving the way towards a Sustainable Maltese Economy – Looking ahead to 2050’. Minister for the Environment, Sustainable Development and Climate Change José Herrera and Minister for Finance Edward Scicluna delivered the opening speeches at this conference, the first of a…
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Fitch affirms Malta at ‘A+’ with a stable outlook
The Ministry for Finance welcomes another positive credit rating report published by another renowned credit rating agency—Fitch—affirming Malta’s sovereign credit rating at ‘A+’ with a stable outlook. PRESS RELEASE BY THE MINISTRY FOR FINANCE The credit rating report attributes the ‘A+’ rating to Malta’s high income per capita, strong governance and human development indicators relative…