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Malta set to establish itself as leading financial services jurisdiction
PRESS STATEMENT BY THE MINISTRY FOR FINANCE While addressing the 4th Annual Malta Fund Two-Day Conference 2014, AIFMD One Year After: Implications for Funds, Managers & Service Providers, held at St Julians on Thursday 18th September 2014, the Minister for Finance Prof. Edward Scicluna said, “I see the next ten years as the pivotal…
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Opposition attempting to muddle official statistics for political mileage
STATEMENT BY THE MINISTRY FOR FINANCE The Minister for Finance, Prof. Edward Scicluna is disappointed to note the Opposition’s attempts to muddle official statistics for political mileage. The Minister for Finance refers to the News Release on the Gainfully-Occupied Population for April 2014 published by the NSO on Thursday 11th August 2014. On the…
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Fitch Rating affirmation of the Country’s Economic Direction
“Fitch’s country rating for Malta, wherein it reaffirmed Malta at ‘A’ with a stable outlook, confirms the country’s economic growth as sustainable and geared to keep outperforming other EU states on GDP growth and employment,” said the Minister for Finance, Prof. Edward Scicluna Welcoming Fitch’s country rating published on Friday 11th September, Prof. Edward Scicluna…
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Consumer expenditure on upward trend in line with the economy
STATEMENT BY THE MINISTRY FOR FINANCE Consumer expenditure by Maltese and Gozitan families measured in volume terms has been increasing strongly at an average rate of 5.1 per cent per annum for the last fifteen months. This is a far higher rate than that observed during the previous fifteen months where it averaged 1.7 per…
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Malta kklassifikata l-Ewwel fit-Tkabbir Ekonomiku
STQARRIJA MILL-MINISTERU GĦALL-FINANZI Huwa ta’ pjaċir għall-Gvern li jara lill-Eurostat tidentifika lil Malta bħala l-ekonomija bl-ogħla rata ta’ tkabbir ekonomiku fl-Unjoni Ewropeja kollha, hekk kif din żdiedet b’1.3 fil-mija fit-tieni kwart ta’ din is-sena fuq il-kwart ta’ qabel. Riżultat bħal dan ikompli jikkonferma s-suċċess ta’ dan il-Gvern f’diversi oqsma tal-ekonomija, fosthom il-ħolqien tax-xogħol,…
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Creating Opportunities not Dependency – Pre Budget Document 2015 launched
The Pre Budget Document 2015 embodies the Government’s commitment to ensuring that the whole of society can benefit from the economic stability and successes achieved so far. Titled ‘Creating Opportunities, Not Dependencies’, the document lays out the government’s vision for the upcoming Budget 2015, which will look towards ensuring that social welfare reflects…
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Government Finances remain on track and within 2014 Budget Projections
The Government’s finances are on track and are in line with the projections laid down in the 2014 budget. This was confirmed by Central Government Finance figures (January to July 2014) published by the National Statistics Office on Friday 29th August 2014, which show that aside from outstanding payments due by Enemalta, both government revenue…
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Malta among Leading Eurozone and European Union countries in GDP Growth
The Minister for Finance notes with satisfaction the Gross Domestic Product growth figures published by NSO which show that Malta ranks among the top-performing countries in the Eurozone and the European Union on GDP growth. Figures published by the National Statistics office on Wednesday 27th August 2014 show that in the second quarter of 2014,…
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Signing of University Agreement
Ġie iffirmat il-ftehim kollettiv il-ġdid għall-akkademiċi fl-Università u fil-Junior College li fl-aħħar ġimgħat kienu l-kawża ta’ azzjoni industrijali mill-Union tal-Akkademiċi u l-Union tal-Għalliema l-MUT u theddida ta’ azzjonijiet industrijali oħra mill-Assoċjazzjoni tat-tobba. Ġie issiġillat il-ftehim kolletiv il-ġdid bejn l-Università u l-Unions li jirrapreżentaw l-istaff akkademiku għall-erba’ snin li ġejjin. Il-ftehim jidher li jissodisfa ukoll lill-Assocjazzjoni…
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Fiscal Responsibility Act
Finance Minister Edward Scicluna today described the Fiscal Responsibility Act, approved by Parliament recently, as a milestone that would introduce controls on public expenditure. Prof. Scicluna told a news conference that the aims of the law were to increase efficiency in expenditure, set ceilings and introduce more controls on public expenditure. He said that although…