Minister for Finance and Financial Services Edward Scicluna met with the President and Council Members of the Malta Chamber of Commerce, Enterprise and Industry at the Chamber’s premises in Valletta. Minister Scicluna stated that the government and the business community both share common goals and visions, that of maintaining Malta’s continued economic growth and improving…

“By sustainable finance, we are asking the financial services sector worldwide to take on a social, environmental and developmental responsibility,” stated Minister for Finance and Financial Services Edward Scicluna in his concluding address during a conference on the sustainability of the financial sector in Malta, organised by the Finance Forum at the Corinthia Hotel in…

“I am pleased to note the credit rating agency DBRS acknowledging that Malta’s current public finance position and debt dynamics provide the government valuable room to support the economy in the event of a negative shock. Reducing the debt burden and creating a fiscal buffer in case of need has been and will remain the…

“Malta welcomes the European Green deal which is intended to synergise the economy, the environment and society”, said Finance and Financial Services Minister Edward Scicluna while intervening during the ECOFIN Council, which was held in Brussels. Minister Scicluna further noted, however, that the adoption of this strategy may be burdensome on some member states. Minister…

The Ministry for Finance welcomes the latest Government finance data published by the NSO, which shows that during the period January to November of this year, the Government recorded a surplus of €8.0 million, representing a positive change over last year by €43.2 million. The surplus for the first eleven months reflected a significant increase…

“A lot of Central Banks’ fire power is wasted on compensating for existing negative effects arising from trade sanctions. Why should we put the burden on monetary policy when we can get instead the bull by the horns and target what has been slowing down the Global Economy. We should attack the problem at heart.”…

During strategy seminar organised by the National Coordinating Committee (NCC) within the Ministry for Finance. The seminar was attended by the competent authorities members of the NCC, the Attorney General’s Office; the Malta Police Force; the Office of the Commissioner of Voluntary Organisations; the Sanctions Monitoring Board; the Malta Gaming Authority; the Land Registry Authority;…

“Malta strongly supports the Council Conclusions on AML/CFT strategic priorities, especially so to address trans boundary organised financial crime”. This was stated by the Minister for Finance Edward Scicluna during the ECOFIN Meeting held today, 5th December, in Brussels. PRESS RELEASE BY THE MINISTRY FOR FINANCE While the present operational systems that enable the exchange of information…

In the third quarter of this year, the Maltese economy recorded a 3.4 per cent increase in real GDP over the same quarter last year. The third quarter growth rate in the Euro Area averaged 1.2 per cent. Economic growth for the first three quarters of this year amounted to 4.7 per cent, while it…

“E-commerce is considered by all Members States to be the sector that poses the greatest threat to the tax administrations. Fraud schemes are constantly evolving and getting more complicated and therefore difficult to detect. They are also challenging to control, as it is difficult to monitor the transaction flow (money, goods and services) and to…