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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…
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COLA: More than just the rate of Inflation – Videoblog 33
Finance Minister Prof. Edward Scicluna discusses the principles behind the Cost of Living Adjustment (COLA) mechanism, which is a wage increase given to all income earners equally across the board. He explains that this mechanism began in 1991, and before this mechanism came about, the increase was given by the Government, but the amount…
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Kuntrabandu mhux se jkun tollerat minn dan il-gvern taħt ebda ċirkostanzi
Il-Ministru għall-Finanzi sostna li l-kuntrabandu mhux se jkun tollerat mill-Gvern ġdid taħt ebda ċirkostanzi, hekk kif dan jirrapreżenta serq mid-dħul tal-pajjiż. Il-Ministru qal dan fid-dawl tal-arresti relatati ma’ container mimli sigaretti li daħal Malta, imbad nstab li kien tneħħa mill-Freeport aktar kmieni din il-ġimgħa taħt ċirkostanzi suspettużi. Il-Ministeru hu infurmat li d-Dipartiment tad-Dwana assista lill-Pulizija…
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Another positive turnaround in leading growth indicators
Malta’s Foreign Direct Investment (FDI) inflows for the first half of 2013 turned marginally positive after having been on a downward trend since 2010. In fact FDI in the first half of 2012 had even turned negative decreasing by €130 million. The positive increase in FDI inflows was mainly the result of an increase in…
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“Indicators show economic recovery” – Videoblog 32
Finance Minister Prof. Edward Scicluna explains that, much like fortifications and towers built on high ground give those inside a view of incoming enemies or allies, so do leading indicators in economics and statistics enable economists to make informed predictions as to future trends. Prof. Scicluna explains that one such leading indicator, published by the…
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Turnaround in Leading Growth Indicators
Contrary to what the Nationalist Party is claiming, leading growth indicators are pointing towards a sustained recovery in the economy. A correct reading of leading indicator figures published by the NSO will show that there are obvious signs of economic recovery. Leading indicators are measures of economic activity that give a preview of the economy’s…
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Professor Scicluna addresses the EP as EIB Chairman
In this Dot.EU feature, prepared and broadcast by PBS, Finance Minister Prof. Scicluna explains that he was in Brussels on Tuesday 21st January, 2014, to deliver an address to the European Parliament in his capacity as Chairman of the Board of Governors of the European Investments Bank, on the invitation of the President of…
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Seventy Seven Accountants and Auditors receive CPA and PCA Warrants and Certificates
77 Certified Public Accountant (CPA) warrants and Practising Certificates in Auditing (PCA) were presented by Finance Minister Prof. Edward Scicluna during a ceremony held on Friday 31st January 2014. During a brief address ahead of the presentations, the Finance Minister stressed that the professional requirements for accountants and auditors are ever higher, due to regulatory…
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Malta’s success in financial services and igaming hinges on robustness of regulation and supervision
Finance Minister Prof. Edward Scicluna stressed that Malta’s igaming industry is a success primarily thanks to Malta’s over-all regulatory model which combines rigorousness and transparency with flexibility and adaptability. Prof. Scicluna was speaking during the inauguration of the new Betsson Group Experience Centre, located in the Ta’ Xbiex Waterfront, on Thursday 30th January 2014. The…
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Banking Union Discussed in Brussels – Videoblog 31
Finance Minister Prof. Edward Scicluna discusses his participation in Eurogroup and ECOFIN meetings in Brussels earlier last week. Prof. Scicluna explains that one issue which was discussed was the current status of the Banking Union. He notes how two leading Maltese banks, HSBC and BOV, along with other more prominent European banks such as Deutsche…