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Finance Minister welcomes Eurogroup’s approval of Malta’s 2016 Budget
Speaking after the Eurogroup meeting held on 23 November in Brussels, Minister for Finance Edward Scicluna welcomed the Eurogroup’s approval as based on the European Commission’s assessment on the basis of the Draft Budgetary Plan for 2016 that Malta submitted to the Commission on 15 October 2015. “Overall, the Commission is of the opinion that…
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We should not be afraid to take on Malta’s economic challenges
“Malta’s economic future is indeed bright, but not without risks,” said Minister for Finance, Edward Scicluna. “Our economy and its operators have reached a very high level of sophistication. Therefore, we should not be afraid to take on the challenges that lie ahead.” He was addressing the Institute of Financial Services (IFS)’s Annual Dinner at…
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Malta u l-Curaçao bi ftehim dwar it-taxxa doppja
Malta u l-gżira Curaçao tal-Karibew iffirmaw konvenzjoni biex tiġi evitata t-taxxa doppja u għall-prevenzjoni tal-evażjoni fiskali fir-rigward tat-taxxi fuq l-introjtu. Il-ftehim ġie ffirmat l-Erbgħa 18 ta’ Novembru 2015 mill-Ministru għall-Finanzi Malti Edward Scicluna, u mill-kontraparti tiegħu tan-nazzjon kostitwenti tar-Renju tan-Netherlands, is-Sur Jose Jardim. Preżenti għaċ-ċerimonja tal-iffirmar, li saret fil-Ministeru għall-Finanzi, il-Belt, kien hemm, fost l-oħrajn,…
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Inspirational business leaders should be given due recognition
“The importance of giving due recognition to inspirational business leaders cannot be stressed enough,” Finance Minister Edward Scicluna said. “Rewarding the ‘best-in-business’ is recognising and celebrating the right entrepreneurial culture which stimulates innovation, drive and commitment of a variety of corporate business clusters, including small and medium enterprises, ranging from iGaming to finance to fashion.”…
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Policy initiatives backing Malta’s strong growth
The IMF 2015 Article IV Mission, which has just completed a review of the Maltese economy and its finances, has concluded that the strong growth of the economy has been “helped by policy initiatives.” The IMF is also positive about the economic and fiscal prospects for the coming years. It expects economic growth…
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Press release from the Department of Contracts
The Department of Contracts rebuts the allegations being made in sections of the media that the Salina Coast Road project did not go through a tender offer process. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE, THE MINISTRY FOR TRANSPORT AND INFRASTRUCTURE, AND THE MINISTRY FOR EUROPEAN AFFAIRS AND IMPLEMENTATION OF THE ELECTORAL MANIFESTO The Department…
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A one-size-fits-all not in the spirit of the Eurogroup
Speaking at the Eurogroup meeting held on 9 November in Brussels, Minister for Finance Edward Scicluna emphasised that “while Malta agrees with the moves to strengthen the Euro area through enhanced cooperation, the Commission’s proposals to this end could lead to a one-size-fits-all approach which is not within the spirit we have worked so far…
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Minister Scicluna in EU Presidency trio meetings in Bratislava
Minister for Finance Edward Scicluna met his Dutch and Slovak counterparts, Mr Jeroen Dijsselbom and Mr Peter Kažimír, on Thursday 5 November in the Slovak capital, Bratislava, in preparation for the three countries’ upcoming presidency trio of the Council of the EU, from January 2016 till June 2017. The three ministers exchanged views on the…
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Finance Minister receives Dutch ambassador ahead of conference on European political, economic and financial issues
On Tuesday 3 November, the Minister for Finance Edward Scicluna received a courtesy visit from the Ambassador of the Kingdom of the Netherlands, Mr Johannes Jacobus Peter Nijssen. The meeting focused primarily on Malta and The Netherlands’ role as part of the trio of countries – together with Slovakia – presiding over the…
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Government successful in broadening tax base and combating tax evasion
Figures released by NSO today show that total tax revenue increased by €167.1 million in 2013 and by a further €260.6 million in 2014. This increase was the result of the strong economic performance recorded since 2013 which augmented wages and earnings of households as well as increased profits by firms. These figures…