Speaking at an ECOFIN meeting of EU Finance Ministers in Brussels today, the Minister for Finance, Prof. Edward Scicluna, expressed disappointment that the proposed Anti-Tax-Avoidance Directive was not accompanied by an Impact Assessment which would have indicated the effect on Member States and also on the EU as a whole. This is especially so if…

Hot on the heels of the European Commissions’ affirmation, in its Winter 2016 Economic Forecast, that the main engine of economic growth in 2015 continued to be investment, the latest figures on foreign direct investment (FDI) published by the National Statistics Office (NSO) on Friday 12th February 2016 show that FDI flows in Malta, increased…

Il-Ministru tal-Finanzi Edward Scicluna qal kif fil-kuntest ekonomiku fejn għandna dinja tespandi speċjalment fis-settur tas-servizzi, is-settur tal-manifattura għadu u jibqa’ relevanti għall-ekonomija ta’ pajjiżna. Huwa faħħar il-kontribut li l-manifattura tagħti lill-ekonomija tal-pajjiż, li b’mod dirett tħaddem ‘il fuq minn għoxrin elf persuna. Fl-aħħar sentejn is-settur żied mitejn persuna full-time, kontra li sar fis-sentejn ta’ qabel…

Latest international trade figures published by NSO show that during 2015, Malta recorded positive results in the external sector with a further narrowing of the trade deficit, as exports net of fuels re-exports increased by €51.2 million in spite of the challenges in some of Malta’s export markets.   Indeed, last year exports net of…

Minister for Finance, Edward Scicluna, held a bilateral meeting with his Dutch counterpart, Finance Minister Jeroen Dijsselbloem, together with State Secretary Eric Wiebes on the side of a Presidency Conference held in Amsterdam on Thursday 28th January 2016.   Open and cordial discussions held at the Finance Ministry of the Netherlands in The Hague covered…

Waqt konferenza tal-aħbarijiet il-Ministru għall-Familja u Solidarjetà Soċjali flimkien mal-Ministru għall-Finanzi Edward Scicluna, nieda Abbozz tal-Istrateġija Nazzjonali għad-Dħul fl-Irtirar u l-Għarfien Finanzjarju. Il-Ministru Farrugia qal illi l-ġimgħa li għaddiet Malta kellha rispons tajjeb ħafna dwar ix-xogħol li għaddej fuq ir-riforma fil-pensjonijiet. Dan qalitu l-International Monetary Fund fir-rapport tagħha għal Jannar 2016. Filfatt ir-rapport ikkonkluda li…

Il-Ministru għall-Finanzi, il-Prof. Edward Scicluna, it-Tnejn 25 ta’ Jannar 2016 qassam €69,588.08 f’għotjiet mill-Fond tal-Lotteriji Nazzjonali għall-Kawżi Ġusti lil sitt organizzazzjonijiet minn oqsma differenti. F’laqgħa li saret fil-Ministeru, il-Belt Valletta, il-Prof. Scicluna kellu wkoll l-okkażjoni li jiddiskuti mar-rappreżentanti ta’ dawn l-għaqdiet, li huma l-Caritas Malta, l-Emergency Response and Rescue Corps, is-Soċjetà Mużikali Santa Marija tal-Qrendi,…

There is a huge demand for financial information and knowledge from those who wish to invest their money for their retirement, from people who are already investors, from students and now also from members of the press,” Minister for Finance, Edward Scicluna, told a seminar organised by the Tumas Fenech Foundation for Education in Journalism…

The International Monetary Fund (IMF) projects a strong outlook for the Maltese economy, with economic growth expected to remain solid in 2016 and 2017. It also notes the robust economic growth that has beenrecorded by the country’s economy, helped by policy initiatives and supported by vibrant domestic demand, large infrastructure projects, and a stable banking sector.     In its Staff Report…

“On behalf of the Government of Malta I would like to congratulate the People’s Republic of China for the efficient and effective way AIIB has been turned from an idea into reality over such a short period. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE We can say with confidence that this inaugural meeting is…