The Minister for Finance, Prof Edward Scicluna yesterday held various meetings with a number of Chairmen and Presidents of leading international financial institutions on the margins of the Eurofi Financial Forum being held in Bratislava, Slovakia during which the future of the European Union, especially in the light of Brexit, was discussed.   PRESS RELEASE…

Minister for Finance, Prof Edward Scicluna addressed a seminar held at the Malta Stock Exchange, which brought together financial practitioners and industry stakeholders together with the Listing Committee of the Malta Financial Services Authority. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE Having held active roles in both industry and as regulator, Minister Scicluna said…

The strong momentum exhibited by the Maltese economy during the last three years has continued during the first half of this year. Indeed, figures published by the NSO show that the Maltese economy grew by 4.1 per cent in real terms during the first half of 2016, comparing favourably with the average growth for the…

This morning, Minister for Finance Edward Scicluna left Malta to participate in the informal meeting of the Economic and Financial Affairs Council (ECOFIN), the Eurogroup, and the Eurofi Financial Forum, which will be held this week in Bratislava.   PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE During these meetings, Minister Scicluna will discuss a…

The Ministry for Finance welcomes the latest rating by the international credit rating agency Moody’s re-affirming Malta’s rating at A3 with a stable outlook.  PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE The Ministry notes that the main factors underpinning Moody’s rating were Malta’s resilient economy, its competitiveness level, the recent structural reforms, the elevated…

The consolidated fund deficit decreased by €33.8 million between January and July 2016 when compared with the same period last year as Government expenditure increased by just €1.3million or 0.1 per cent while recurrent revenue increased by €35.1 million or 1.9 per cent.   PRESS RELEASE BY THE MINISTRY FOR FINANCE Recurrent revenue grew as…

Minister for Finance, Prof. Edward Scicluna discussed the Pre-Budget Document 2017 with the Malta Council for Economic and Social Development (MCESD), prior to the official launching of the document. PRESS RELEASE BY THE MINISTRY FOR SOCIAL DIALOGUE, CONSUMER AFFAIRS AND CIVIL LIBERTIES     In her opening remarks, Minister for Social Dialogue, Consumer Affairs and…

An increase of €211.2 million was recorded in Malta’s exports net of fuels for the first half of this year. This 19.3 per cent increase occurred mostly the chemicals sector. Other positive increases were recorded in the exports of semi-manufactured goods and exports of beverages and tobacco.   PRESS RELEASE ISSUED BY THE MINISTRY FOR…

Minister for Finance, Prof. Edward Scicluna said the accountancy profession forms the backbone of the skill-set provided by the Maltese workforce and contributes to the attractiveness of the local financial sector for foreign investment.   PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE While speaking recently during the award-giving ceremony for new Certified Public Accountants,…

A €47.3 million reduction in the consolidated fund deficit was recorded in the first half of this year when compared to the corresponding period of last year, according to the latest Government Finance Data issued today by the National Statistics Office (NSO).   PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE     This contributed…