Edward Scicluna

Category: Press Releases

  • “Alternative Investment Fund Managers Directive”

    “Alternative Investment Fund Managers Directive”

    ​Finance Minister Prof. Edward Scicluna said that the forthcoming Alternative Investment Fund Managers Directive, which will take effect as from mid-July 2013 will present the financial services sector with many challenges but also opens up a number of opportunities to increase Malta’s competitiveness especially outside the EU.     Prof. Scicluna was delivering the opening…

  • Government remains committed to 2.7% deficit for 2013

    Government remains committed to 2.7% deficit for 2013

      Government remains committed to keep its deficit below the 3% threshold, and honouring its pledge to end 2013 with a deficit of 2.7%, as announced last month in the 2013 Budget. Government notes the European Commission’s concern that the approved 2013 Budget “is expansionary” and as a consequence, “the deficit in 2013 is expected…

  • Malta’s banking sector is robust and stable

    Malta’s banking sector is robust and stable

    Malta joined the euro area in 2008 in order to further enhance its macroeconomic and financial stability, and to contribute to the stability of the euro area-wide economic and financial system. Together with other EU Member States, Malta participated in the setting up of a euro area regulatory and supervisory framework which includes the European…

  • Finance Minister at Extraordinary Euro Area Meeting on Cyprus [WATCH]

    Finance Minister at Extraordinary Euro Area Meeting on Cyprus [WATCH]

      “I am very satisfied that our Eurogroup joint statement respects the dignity of the Cypriot people by letting their own Authorities decide the appropriate administrative measures they deem fit to apply for their exceptional situation of their financial sector,” said Minister Scicluna following the conclusion of the Eurogroup meeting which was convened in Brussels…

  • Finance Minister at Special Euro Area Finance Ministers’ meeting on Cyprus

    Finance Minister at Special Euro Area Finance Ministers’ meeting on Cyprus

    “If one had any doubts about the indignity suffered by indebted countries who are forced to seek a bailout, one should have been present for the night long meeting held in Brussels to decide the bailout conditions to be imposed on Cyprus following the crises which left them with a 17 billion euro gap in…

  • We rely on your good judgement

    We rely on your good judgement

    Dear Friends, At election time, there is always the temptation for politicians to appear with eye-catching promises and pledges. Yesterday, Lawrence Gonzi and Tonio Fenech revealed their electoral plans to increase government recurrent expenditure annually by €120 million, and displacing annual capital expenditure by quickly-thought-out projects costing €165 million each year. The total bill for…

  • Prof. Edward Scicluna files Judicial Protest against Broadcasting Authority

    Prof. Edward Scicluna files Judicial Protest against Broadcasting Authority

    Earlier today, Prof Edward Scicluna MEP filed a judicial protest against the Broadcasting Authority.  In his protest, Prof Scicluna argued that the Broadcasting Authority’s decision to suspend his weekly programme ‘MEP u Int’ broadcasted by a local private commercial television station was abusive and discriminatory in his regard.  Prof Scicluna argued that since the MEP…

  • European Parliament adopts two important legislative reports by Prof Edward Scicluna

    European Parliament adopts two important legislative reports by Prof Edward Scicluna

    The European Parliament approved with an overwhelming majority two important legislative reports submitted by Labour MEP Professor Scicluna. Yesterday the Committee for Economic and Monetary Affairs, of which Scicluna is Vice-President, approved a new set of European Statistical Regulations aimed to bolster the governance of the European Statistical System at both the national and the…

  • Malta assorbiet biss 33% tal-fondi Ewropej

    Malta assorbiet biss 33% tal-fondi Ewropej

    F’sitt snin, Malta assorbiet biss 33% tal-Fondi Ewropej allokati lilha. Dan żvelah l-Ewro Parlamentari Laburista l-Professur Edward Scicluna f’konferenza tal-aħbarijiet. Edward Scicluna kkwota t-tweġiba tal-Kummissjoni Ewropea għall-mistoqsija tiegħu, fejn b’kollox minn €855 miljun allokati, Malta assorbiet biss €198 miljun, filwaqt li €80 miljun oħra ġew depożitati, iżda jkolljom jingħataw lura f’każ li l-proġetti ma jsirux.…

  • Bowling with the MEPs [VIDEO]

    Bowling with the MEPs [VIDEO]

    Labour MEP Professor Edward Scicluna on Friday 9th November took time out from his very busy schedule and joined around sixty school children and their grandparents in a bowling game. This activity was organised by the European Parliament Valletta Office to celebrate the European Year for Active Ageing and Solidarity between Generations 2012. Prof Scicluna…