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Industrial Confidence is Rising and not Falling
Claims by the Opposition that industrial confidence is falling are completely unfounded and are not supported by data. The survey carried that out by the European Commission among industrial firms on a monthly basis indicates that trend of industrial confidence in Malta has been positive, and improving steadily over the last three years. Furthermore, there…
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Historic Moment for Malta – Chairmanship of EIB Board Of Governors – Videoblog 44
Finance Minister Prof. Edward Scicluna discusses his participation in ECOFIN and Eurogroup meetings in Brussels earlier last week, on 5 and 6 May 2014. He explains that an especially important meeting took place during his two-day stay in Brussels, which was the European Investment Bank`s (EIB) Annual General Meeting, which Prof. Scicluna attended in…
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Malta supports EBRD Operations in Libya and Cyprus
“My Government fully supports the European Bank for Reconstruction and Development’s (EBRD) operations in these countries, and feels confident that any investment made by the Bank in the SEMED area will yield positive results within a realistic timeframe,” said Minister for Finance Prof. Edward Scicluna. Prof. Scicluna was speaking during an intervention which he made…
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Courtesy call from EP S&D Group President Hannes Swoboda
The Minister for Finance Prof. Edward Scicluna received a courtesy call from Mr. Hannes Swoboda, a Member of the European Parliament and the President of the EP Group of the Progressive Alliance of Socialists and Democrats (S&D), on Monday 12th May 2014. [nggallery id=193] During the meeting, Prof. Scicluna gave Mr. Swoboda an overview…
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Government committed to helping family owned businesses grow
“Our main priority from a government point of view should be the growth of family businesses. These represent a significant portion of the economy, and the Government certainly has a role to play in ensuring that they are able to survive the challenges they face, and realise their potential,” said the Minister for Finance, Prof.…
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Minister for Finance chairs EIB’s Annual Governors` Meeting
Finance Minister Edward Scicluna was in Brussels in a two day meeting on 5 and 6 May 2014 in Brussels covering the European Investment Bank`s (EIB) Annual General Meeting, the Eurogroup and the ECOFIN Council. In his capacity as Chairman of the EIB Board of Governors, Minister for Finance, Professor Edward Scicluna, chaired a meeting…
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Commission recognises Malta’s robust Economic Growth
“I cannot but welcome with satisfaction the European Commission’s confirmation that Malta’s economic growth outlook is robust and that the country’s public finances are being placed on a sound footing.” This was the message sent by the Minister for Finance Prof. Edward Scicluna who is in Brussels attending ECOFIN and Euro Group Meetings. The European Commission’s 2014 Spring Forecast…
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Deficit Target achieved through Determination and Commitment – Videoblog 43
In his weekly video blog, Minister for Finance Prof. Edward Scicluna refers to the confirmation by EUROSTAT a few days earlier that Malta has successfully closed 2013 with a deficit of 2.8%, well under the 3% threshold. Prof. Scicluna notes that this means that Malta is no longer in difficult territory of having a…
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Consultation meeting with Banks’ Association on upcoming Third Pillar Pensions
The Minister for Finance Prof. Edward Scicluna met with representatives from the Malta Bankers’ Association (MBA) to discuss the upcoming Third Pillar Pension Incentive Scheme on Wednesday 30th April 2014. The Pillar Pension Incentive Scheme, a scheme aimed at incentivising individuals to invest in private pension, is in its final stages and will be…
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Finance Minister welcomes record increase in Female Labour Participation
The Minister for Finance Prof. Edward Scicluna noted with satisfaction how during the third quarter of last year, while male participation remained constant over the previous 12 months, female participation achieved record increase of 3.8 percentage points, reaching 47.8%. “We are still lagging behind Europe in this regard, but the increase is very encouraging and…