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European Bank for Reconstruction and Development (EBRD) Constituency meeting held in Malta
While addressing delegates from the EBRD Constituency, Minister for Finance Edward Scicluna stated that, “it is important for the countries represented at the European Bank for Reconstruction and Development, the EBRD, to address the current issues pertaining to the North African and Middle East countries, with special emphasis on migration.” The Constituency is composed of…
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Malta’s outstanding economic performance in recent years recognised by the 2018 Country Report
The Ministry for Finance welcomes the 2018 Country Report on Malta published by the European Commission, which states that “Malta’s economic performance has been outstanding in recent years.” PRESS RELEASE BY THE MINISTRY FOR FINANCE Indeed, the report acknowledges that growth has remained dynamic and has been job-rich, with prospects looking favourable and the fiscal…
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Robust growth rate continues in 2017 fuelled by growth in private consumption and exports
Malta has once again recorded the highest economic growth in the Euro Area with a real GDP growth rate of 6.6 per cent in 2017. This growth rate is more than double the average growth rate of 2.3 and 2.4 per cent recorded in the Euro Area and the EU28 respectively. PRESS RELEASE BY THE…
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Women’s Day celebrated at the Malta Stock Exchange in the presence of the Countess of Wessex
On the occasion of Women’s Day, Minister for European Affairs and Equality Helena Dalli and Minister for Finance Edward Scicluna attended an event organised by 100 Women in Finance at the Malta Stock Exchange which hosted the Countess of Wessex and the President of Malta Marie-Louise Coleiro Preca. PRESS RELEASE BY THE MINISTRY FOR EUROPEAN…
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Fitch commends Malta’s strong rule of law and government effectiveness
Following Moody’s and DBRS’ credit rating upgrades last week, Fitch has now affirmed Malta’s sovereign credit rating at A+ resulting from its upgrade last year, while commending Malta’s high governance indicators. These results, it remarks, reflect a strong rule of law and governmental effectiveness. PRESS RELEASE BY THE MINISTRY FOR FINANCE Minister for Finance Edward Scicluna stated…
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Masterclass on the State of Hospitality and Investment across the Mediterranean Region
“Let us work at promoting Malta as a peaceful place to do business.” This was stated by Minister For Finance Edward Scicluna whilst addressing a ‘Masterclass on the State of Hospitality and Investment across the Mediterranean Region’, organised by the Mediterranean Tourism Foundation. PRESS RELEASE BY THE MINISTRY FOR FINANCE Minister Scicluna said that the…
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The importance of DBRS’ and Moody’s ratings
During a press conference at the Ministry for Finance, Minister Edward Scicluna said that one should not fear and get used to economic growth, especially when keeping in mind that inflation is under control. Minister Scicluna was commenting on the upgrades by DBRS—to an A (High)—and a change in outlook to positive from stable by Moody’s. Minister…
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In New Dehli for official meetings
Minister for Finance Edward Scicluna was in New Dehli, India at the invitation of the Global Business Summit organised by the Economic Times and Yes Bank to address the conference. Other speakers at the conference included Donald Trump Jr, Netflix founder Reed Hastings, Steve Wozniak of Apple, UBER CEO Dana Khosrowshahi, and KPMG International Chairman…
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Further rating upgrades for the Maltese economy
Malta welcomes yet another two rating upgrades by DBRS and Moody’s respectively. DBRS has upgraded the Republic of Malta to ‘A (high)’ from ‘A’, and Moody’s changed the outlook to ‘positive’ from ‘stable’. Minister for Finance Edward Scicluna said that “from where I heard the news here in India, these upgrades mean more doors being opened for serious discussion, from Prime Minister…
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Member states invited to act on the Euro reform measures already agreed upon
During the Eurogroup meeting, convened on the eve of the Economic and Financial Affairs Council (ECOFIN) in Brussels on the 19th and 20th February 2018, Minister for Finance Edward Scicluna stated that, “Malta supports the strengthening and the added roles for the European Stability Mechanism (ESM). There is no trade-off between the independence and the governance structure of the ESM. The current…