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“Customs Department crucial for maintaining delicate balance between Customs Controls and Facilitation of Legitimate Trade”
Finance Minister Prof. Edward Scicluna underlined the importance of the Customs Department’s function of maintaining the balance between enforcement and the facilitation of the flow of trade into and out of Malta. “The role of the Customs Department remains as crucial as ever,” Prof. Scicluna said. “It is responsible for maintaining the delicate balance between…
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“All bank depositors must be protected”
On the eve of the European Council, the Minister for Finance, Professor Edward Scicluna, took part in an extraordinary meeting of the Economic and Financial Affairs Council (ECOFIN) which managed to reach an agreement on the proposed Banking Recovery and Resolution Directive. This meeting was a continuation of the long but inconclusive meeting of EU…
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“Malta Stock Exchange essential to provide alternative sources of company financing”
Finance Minister Prof. Edward Scicluna toured the Malta Stock Exchange and met with various officials and staff on Monday 24th June 2013. During the visit, Prof. Scicluna also met with the Malta Stock Exchange Board of Governors. In a brief address to the Malta Stock Exchange officials and staff, Prof. Scicluna emphasised the importance of…
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“ESM Bank Resolution Funding must be available to Small Member States”
The Minister for Finance, Professor Edward Scicluna, addressed both the ECOFIN and EUROGROUP council meetings in Luxembourg on 20th and 21st June 2013, during which EU Ministers discussed several issues relating to economic and financial developments in the Union. The discussions revolved primarily around the establishment of a Banking Recovery and Resolution Framework, and the…
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“Exploratory discussions held with European investment bank”
Finance Minister Prof. Edward Scicluna, in his capacity as chairman of the European Investment Bank’s Board of Governors, held exploratory talks with EIB President Werner Hoyer and Vice-President Dario Scannapieco in Luxembourg, on Thursday 6th June, 2013. The talks primarily dealt with Prof. Scicluna’s chairmanship, the EIB’s role and priorities for the upcoming months, and…
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“Government will heed independent oversight bodies such as Auditor General’s office”
Finance Minister Prof. Edward Scicluna said that the Government will support and heed the advice and recommendations of independent bodies such as the Auditor General’s Office, and pledged his full support to the office and its mission. “I believe in this institution, and the oversight function it performs. As a Government, we are committed to…
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“The outlook for the economy is promising”
The Government welcomes the economic results achieved during the first three months of this year, whereby the Maltese economy registered an increase of 1.6% in real terms compared to the corresponding quarter last year. The Finance Ministry is confident that the Maltese economy can keep on growing once its present momentum, which stems from the…
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“Committed to Safeguarding Competitiveness of Financial Sector”
The Hon. Edward Scicluna, Minister for Finance, said the new Government remains committed to protecting the competitiveness of the Maltese financial sector and work towards further developing the sector in terms of quality. Prof. Scicluna was speaking during a seminar on the Financial Services Industry held on Thursday 30 May, 2013, organised by the Malta…
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“Tonio Fenech’s claims aimed at undermining national interest and harming ongoing negotiations with EU”
The Finance Ministry notes with disappointment the recent irresponsible statements made by the former finance minister and Nationalist MP Tonio Fenech about Malta’s public finances and their implication for the Excessive Deficit Procedure, at a time when this issue is being negotiated with the European Commission. Tonio Fenech’s irresponsible claims can only weaken the country’s…
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“Government committed to letting Business do Business”
“Malta’s pro-business climate has traditionally been positioned to strengthen Malta’s attractiveness as an open market economy, and this new Government is wholly dedicated to upholding that mission,” said Finance Minister Prof. Edward Scicluna. Prof. Scicluna was speaking during a retreat for high-achieving local and foreign entrepreneurs, managers, and board members who form part of the…