Malta fully supports global initiatives such as the OECD’s Base-erosion profit sharing (BEPS) and the Anti-Tax Avoidance Directive which was inspired by it, as they guarantee fair taxation competition between countries.   PRESS RELEASE BY THE MINISTRY FOR FINANCE Minister for Finance Edward Scicluna made this assertion as he addressed a graduation ceremony of the…

Speaking in a pre-recorded message during the first edition of the Malta Maritime Summit, Minister for Finance Edward Scicluna recalled how the EU emerged from the global economic crisis in worse shape than the US and, in addition, with a spate of legislation aimed at deterring the effects that brought it about. He explained that…

Minister for Finance Edward Scicluna stated that risk is a matter of concern which needs to be carefully managed, while risk aversion in itself can potentially stifle investment especially in relation to emerging markets.   While speaking during a seminar organised by the Minister Federation of European Risk Management Associations (FERMA), Minister Scicluna described the…

A surplus of €61.9 million was recorded in the consolidated fund during the month of August while the deficit for the first eight months of this year decreased to almost half that recorded last year.   PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE   This data emerged from the latest Government Finance Data issued…

Minister for Finance, Prof. Edward Scicluna attended the yearly commemoration of the two Chinese engineers who died while working on the construction of the No. 6 Drydock in 1979. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE   The commemoration took place on Qingming, a Chinese public holiday in which Chinese traditionally pay their respects…

The European Investment Bank (EIB) has approved a number of projects to be carried out in Malta, including one on social housing.    PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE   This was announced during a signing ceremony held at the Ministry for Finance, between Minister Edward Scicluna and the President of the EIB…

Waqt konferenza tal-aħbarijiet, il-Ministru għall-Familja u Solidarjetà Soċjali Michael Farrugia u l-Ministru għall-Finanzi Edward Scicluna laqgħu b’mod pożittiv ir-riżultati ppubblikati mill-Uffiċċju Nazzjonali tal-Istatistika dwar Income & Living Conditions 2015.   STQARRIJA MILL-MINISTERU GĦALL-FAMILJA U SOLIDARJETÀ SOĊJALI U MILL-MINISTERU GĦALL-FINANZI Fost it-titjib jispikka li r-riskju ta’ faqar u l-esklużjoni soċjali fost dawk taħt it-18-il sena naqas…

Il-Budget għas-sena 2017 huwa wieħed li ser isir f’ċirkustanzi partikolari fejn Malta qed tgawdi minn ekonomija b’saħħitha fi klima internazzjonali inċert minħabba fl-elezzjonijiet fi Franza u l-Ġermanja, u l-Brexit. Dan qalu l-Ministru għall-Finanzi, l-Prof. Edward Scicluna hekk kif indirizza l-Kunsill Malti għall-Iżvilupp Ekonomiku u Soċjali (MCESD) flimkien mal-Ministru għad-Djalogu Soċjali, Affarijiet tal-Konsumatur u Libertajiet Ċivili…

In its latest report on Malta, DBRS Ratings Limited confirmed the country’s stable outlook and its ‘A’ rating, referring to the country’s economic resilience, thanks to its low reliance on external financing and its successful efforts at restructuring state owned enterprises which had run into financial difficulties. The stable outlook reflected DBRS assessment of risks which it expects to…

An increase of €454.1 million or nearly 36 per cent was recorded in Malta’s exports net of fuels for the period January to July of this year.   PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE The highest increase was recorded in the chemical sector where exports of chemicals rose from €220.2 million in January…