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“Malta Committed To Tax Transparency”
“Malta is committed towards tax transparency, and has tirelessly and consistently undertaken efforts in that regard, because we fully believe in the importance of this process,” Finance Minister Prof. Edward Scicluna said. Prof. Scicluna was delivering the opening address of the 15th meeting of the OECD’s Global Forum Peer Review Group, which was held in…
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Fitch Report: ‘Malta’s growth to keep outperforming the Eurozone average’
“With this report the Maltese can put their mind at rest that this Government has achieved a sustained economic turnaround and that the country can optimistically look forward to higher economic growth and employment,” said the Minister for Finance Prof. Edward Scicluna. Prof Scicluna was commenting following the publication of a rating report by international…
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Tkabbir Ekonomiku jirdoppja fuq l-2011 u l-2012
It-tkabbir ekonomiku matul l-2013 ippubblikati mill-Uffiċċju Nazzjonali tal-Istatistika huma d-doppju tar-rati reġistrati fl-2011 u l-2012. Dan it-tkabbir jisboq ukoll il-previżjonijiet li saru mill-Gvern fil-budget li għadda, ta’ 3.7% u 1.2% f’termini nominali u reali rispettivament. Huma wkoll aktar pożittivi mit-tkabbir ekonomiku għal Malta previst mill-Kummisjoni Ewropea. It-tkabbir nominali kien ta’ 4.4% filwaqt li dak reali…
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Encouraging Economic Turnaround due to Energetic New Government’s Decisiveness and Roadmap for Business
Finance Minister Prof. Edward Scicluna said that the encouraging economic turnaround being experienced by Malta is due to the new Government’s clear road-map for business, its energetic and decisive approach to governance, and the Government’s negotiations with the European Commission that allowed Malta to avoid an austerity programme related to the Excessive Deficit Procedure. Prof.…
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Proposed amendments to the Trust and Trustees Act aimed at achieving a balance between attractiveness and regulation
“The amendments being proposed to the Trust and Trustees Act are aimed at achieving a balance between making Malta a more attractive trust domicile, through the introduction of new features such as the concept of family trusts, whilst ensuring that the necessary safeguards are in place through the re-enforcement of the relevant regulatory regime,” Finance…
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Macroeconomic challenges no longer constitute risks
The Ministry for Finance notes with satisfaction that the European Commission considers that, compared to the last year, the macroeconomic challenges in Malta no longer constitute macroeconomic risks. In its In-Depth Reviews on the prevention and correction of macroeconomic imbalances published on 5th March 2014, the Commission noted that “the macroeconomic challenges in Malta no…
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1,000 Pari Żraben maqbuda mid-Dipartiment tad-Dwana sabiex jinagħtaw bħala donazzjoni lis-Servizzi ta’ Detenzjoni, NGOs u entitajiet oħra
1,000 par żarbun li ġew maqbuda mid-Dipartiment tad-Dwana se jinagħtaw bħala donazzjoni lis-Servizzi ta’ Detenzjoni u entitajiet u NGOs oħra li jaħdmu mal-immigranti, ħabbar il-Ministru għall-Finanzi, Edward Scicluna. Il-Ministru Scicluna kien qed jitkellem waqt konferenza stampa fid-Dwana nhar it-Tlieta 4 ta’ Marzu 2014, fejn huwa ħabbar id-donazzjoni filwaqt li tkellem ukoll dwar l-importanza tax-xogħol li…
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Finance Ministry welcomes January 2014 Government Finance Data
The Finance Ministry welcomes the financial figures published by the National Statistics Office (NSO) related to Government Finance Data on Friday 28th January 2014, which show that during January 2014 the major components of recurrent revenue increased by €12.1 million in January 2014 when compared to the corresponding month in 2013. This increase…
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Free Childcare to help Families achieve a Work/Life Balance
Free childcare centres will be available from April. Practically all childcare centres in Malta and Gozo have signed up to the new government scheme. The initiative has been widened in scope so that parents who are in education, as well as those in employment, will be able to make use of this service. Parents will…
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“EU’s Single Resolution Fund should not rely on national public funds”
Speaking at a meeting of the Economic and Financial Affairs (ECOFIN) Council in Brussels on Tuesday 18th February 2014, Minister for Finance Professor Edward Scicluna called on EU Member States to ensure that a fund which is being negotiated in order to assist in the resolution of struggling European banks does not place a burden…