This afternoon Minister for Finance Edward Scicluna addressed the Federation of European Securities Exchanges (FESE), which is holding its annual convention at the Hilton, St Julian’s. PRESS RELEASE BY THE MINISTRY FOR FINANCE Prof Scicluna remarked that as a result of the financial crises, in order to strengthen the sector while protecting the investor, pieces…

Latest employment figures released by Eurostat show that in the first quarter of this year Malta recorded the highest employment growth amongst the 28 EU member states with an employment growth rate of 3.7 per cent.   PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE   This marks a second consecutive quarter in which Malta…

The Minister for Finance, Professor Edward Scicluna during a meeting of European and Asian Finance Ministers in Mongolia said that the financial and debt crises has proved an incentive for improving European institutions and rules, and has helped its members to think strategically on where they wanted to be in the future. PRESS RELEASE BY…

In the first quarter of this year, economic growth in Malta continued to exceed expectations increasing by 5.2 per cent over an already high growth rate of 6.3 per cent recorded in the same quarter of last year. This comes at a time where the EU and the Euro Area are growing at 1.8 and…

“The success of the insurance industry today owes it to the visionaries who, way back 35 years ago, set up an insurance training centre (MITC) because they believed in the importance of proper training and development for the profession”. Minister Prof. Scicluna stated this when he was addressing the National Conference on Current Developments in…

Latest debt figures published by NSO confirm that the debt-to-GDP ratio decreased by 3.2 percentage points in 2015, falling from 67.1 per cent in 2014 to 63.9 per cent. The 3.2 percentage point decrease marked the highest reduction in the debt-to-GDP ratio over the last decade.   PRESS RELEASE BY THE MINISTRY FOR FINANCE The…

Yesterday afternoon the Algeria-Malta Parliamentary Friendship Group paid a courtesy visit to Finance Minister Edward Scicluna. The Algerian delegation was led by the President of the Algeria-Malta Parliamentary Friendship Group Noura Boudaoud who was accompanied by members of the Algerian Parliament and a representative of the Algerian Embassy in Rome.   PRESS RELEASE BY THE…

Latest Government Finance Data issued today by the National Statistics Office (NSO) show that the consolidated fund deficit for the first four months declined by €31.1 million over the previous year.   PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE During the first four months of this year, tax revenue increased by €110.4 million or…

This morning, the Minister for Finance Edward Scicluna addressed the Finance Malta 9th Annual Conference. The conference with the theme “Malta’s Financial Service Industry, Sustaining Growth Through Innovation” was held at the Hilton Hotel in St. Julian’s.    PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE While addressing the conference, Minister Scicluna emphasised the importance…

Speaking during an ECOFIN meeting of EU Finance Ministers in Brussels, today Wednesday 25 May 2016, the Minister for Finance, Prof. Edward Scicluna, stressed that measures targeting tax avoidance should serve to tackle abuse and not hit legitimate investment in the European Union. The main item for discussion during the ECOFIN meeting dealt with a…