Malta’s continued belief that the European Union Member States’ competences in the area of taxation should be safeguarded by maintaining consensus-based decision-making processes within the EU was on top of the agenda during a bilateral meeting between Finance Minister, Prof. Edward Scicluna and European Commissioner for Economic and Financial Affairs, Taxation and Customs, Pierre Moscovici.…

Latest international trade figures published by NSO show that during the period January to November of last year, Malta continued to register positive results in the external sector with a further narrowing of the trade deficit, as exports net of fuels re-exports increased by €16.1 million.   The positive performance in the export sector was…

The Ministry for Finance welcomes the latest rating by the international credit rating agency Standard & Poor’s. In its assessment, Standard and Poor’s reaffirmed Malta’s rating at BBB+ / A-2 with a positive outlook. This is based on Malta’s favourable economic growth prospects and the gradual budgetary consolidation which should place the debt-to-GDP ratio on…

Government Finance Data issued today by the National Statistics Office (NSO) shows that Government’s finances for January to November of this year are in line with projections. Figures show that the consolidated fund deficit continued to decline, underpinned by the higher revenue which was spurred by strong economic growth, while expenditure in priority sectors was…

Il-Ministru għall-Finanzi, il-Prof. Edward Scicluna, esprima l-fiduċja sħiħa tiegħu li, bl-impenn kollettiv sħiħ tal-impjegati tat-Taqsima għall-Ġestjoni tal-Fondi tal-UE fi ħdan id-Dipartiment tat-Teżor, Malta se jirnexxilha tilħaq il-mira tagħha li tassorbi ’l fuq minn 90 fil-mija mill-programm ta’ fondi Ewropej għall-perjodu bejn l-2007 u l-2013.  STQARRIJA GĦALL-ISTAMPA MILL-MINISTERU GĦALL-FINANZI Il-Ministru kien qed jitkellem waqt żjara ta’…

While encouraging accountancy students to be prepared to face a shifting economic landscape once they join the labour market, Minister for Finance Edward Scicluna pointed out that good prospects await them. “Your future employers are doing well,” he remarked. “Malta can today boast of high-calibre professionals in the accountancy, legal and IT fields, and this…

Dalgħodu, il-President ta’ Malta Marie-Louise Coleiro Preca żaret il-Borża ta’ Malta fil-Belt Valletta. Waqt din iż-żjara, il-President iltaqgħet maċ-Ċermen, mal-membri tal-bord, kif ukoll mal-ħaddiema, hekk kif il-Borża ta’ Malta qiegħda tiċċelebra il-ħamsa u għoxrin sena anniversarju tagħha.   Il-President faħħret lill-Borża ta’ Malta għas-suċċess li tagħmel għall-pajjiż f’kuntest ta’ tkabbir ekonomiku; hi tenniet li, minbarra…

Minister for Finance, Edward Scicluna, has told EU Finance Ministers that while Malta sees the OECD work made in the area of taxation in a positive light and is studying its outcomes, it harbours concerns on the appropriateness of rigid rules for all.     Minister Scicluna made these comments at a Ministerial meeting of…

The latest International Trade figures released by NSO report that Malta’s exports are on an upward trend. Preliminary figures show that Malta registered a lower trade deficit this October, when compared to October of last year. A similar reduction in the trade deficit occurred during the first ten months of this year where it narrowed…

Although a country’s effective rate of taxation is not the only factor that attracts investment, it is an important one and Malta believes it should remain within its competence to remain competitive on the international market, said Minister for Finance, Edward Scicluna. He was addressing KPMG’s Biennial Financial Services Conference under the theme ‘Malta’s Financial…