Speaking at a meeting of the Economic and Financial Affairs (ECOFIN) in Luxembourg, the Minister for Finance, Professor Edward Scicluna welcomed the Council`s decision on the abrogation of the excessive deficit procedure against Malta. “We promised that we would do it. It was not easy to accomplish, but we are pleased we have managed. Our…

Prof. Edward Scicluna, Minister for Finance, has received a courtesy call by Mr Deodat Maharaj, Deputy Secretary General (Economic and Social Development) at the Commonwealth Secretariat and Mr Arun Sharma, Chief Investment Officer of the International Finance Corporation. PRESS RELEASE BY THE MINISTRY FOR FINANCE The aim of the visit was to take stock of the preparations…

The Ministry for Finance notes with satisfaction the forecast by Ernst and Young (EY) which was issued earlier today. EY, in collaboration with Oxford Economics, is foreseeing a strong performance by the Maltese economy during this year, supported by a buoyant tourism sector, robust consumer spending and growth in exports. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE Minister for…

F’laqgħa konġunta bejn il-Kunsill Malti għall-Iżvilupp Ekonomiku u Soċjali l-MCESD u l-membri tal-MEUSAC, il-Grupp għall-Istrateġija tal-pensjonijiet nieda l-Istrateġija għal Sistema ta’ Pensjoni Adegwata u Sostenibbli.  Fost il-proposti elenkati hemm dawk li ma jogħlewx la r-rata tal-irtirar u lanqas ir-rata tal-kontribuzzjoni tas-sigurtà soċjali Fil-ftuħ tal-laqgħa l-Ministru għad-Djalogu Socjali Affarijiet tal-Konsumatur u Libertajiet Ċivili Dr Helena Dalli tkellmet fuq l-importanza li min…

Minister for Finance, Edward Scicluna, congratulated the Ministry’s recently set-up Wellbeing Unit for the organisation of its first event to create awareness on occupational health and safety amongst the staff. The Unit, which forms part of the Ministry’s Corporate Services Directorate, has over the past weeks offered employees courses on first aid, fire emergencies, and…

Minister for Finance, Prof. Edward Scicluna, said that the Government’s role is to ensure political stability, exercise fiscal prudence, and reduce bureaucracy as much as it can, thus allowing businesses to grow, thrive and create employment.     Speaking during Vistra Group’s 5th anniversary celebration at The Saluting Battery in Valletta, the Minister commended the…

The Government has launched a new withholding tax on rent, whereby the rate of tax on income from rented properties would be reduced from a maximum of 35% to 15%, tax evasion will be discouraged, and government revenue will increase.     The 15% tax rate would be applicable to rented properties for residential purposes,…

Il-momentum qawwi li rajna fl-ekonomija Maltija matul l-2013 u l-2014 mistenni jibqa’ għaddej din is-sena. Ċifri ppubblikati mill-Uffiċċju Nazzjonali tal-Istatistika juru li l-ekonomija Maltija kibret b’4 fil-mija f’termini reali fl-ewwel kwart tal-2015 filwaqt li, f’termini nominali, espandiet b’6 fil-mija. Din ir-rata ta’ tkabbir ekonomiku hija saħansitra aktar notevoli meta mqabbla mat-tkabbir medju ta’ 1 fil-mija…

Finance Minister Edward Scicluna, on Thursday discussed opportunities for new investment and growth in Malta with Ms Alison Hill, Chief Executive Officer of Argus, an international group offering a range of insurance and financial services products in a number of markets, including Malta. The meeting took place during a visit to Argus’ local Head Office in…

International Trade figures issued today by the NSO show that local exports net of fuels and lubricants increased by €28 million in the first four months of this year. This positive export performance was underpinned by increases in the exports of foods, mechanical appliances, machinery and transport equipment, and miscellaneous manufactured articles. PRESS RELEASE BY…