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Malta’s Budget Direction welcomed by European Commission – Videoblog 25
Finance Minister Prof. Edward Scicluna discusses the recent appraisal by the European Commission in which it found that Malta’s Budget 2014 is taking the country in the right direction to reduce its deficit and debt. Prof. Scicluna explains the importance of a historic meeting held a few days ago were Eurozone Ministers met to share…
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Għajnuna mill-Gvern biex isalva s-Swali taċ-Ċinema
Aktar kmieni din il-Gimgħa tvarat skema li biha ser ngħinu l-iswali taċ-ċinema jaqilbu għal sistema diġitali. Din l-iskema tħabret fid-diskors tal-baġit u bis-saħħa tagħha is-swali taċ-ċinema lokali ser ikunu jistgħu jaddottaw t-teknoloġija diġitali fil-wiri tal-films. Għal dan il-għan, l-Gvern, investa nofs miljun ewro fuq sentejn. F’Malta l-films fiċ-ċinema għadhom qed jintwerew fuq it-tertuqa minkejja li…
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NAO Report Confirms Hiving Off Good Causes Funds in Pre-Election Handouts
The Finance Ministry welcomes the conclusions of the Report prepared by the Auditor General and presented to the Speaker which confirm the Ministry’s concerns regarding significant over-spending and rampant lack of good governance in how the Fund was administered. The NAO’s report concluded that the commitments entered into by the previous administration will mean that…
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Ministry for Finance evaluating structures to ensure consumer protection when buying financial products
“The Ministry for Finance will be undertaking studies to determine the appropriate structures to safeguard consumers rights when it comes to the buying of financial products,” said Finance Minister Prof. Edward Scicluna. Prof. Scicluna was speaking during the opening address of KPMG’s biennial Financial Services Conference, where he spoke at length regarding the need to…
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Tax Information Exchange agreement between Malta and the Cayman Islands
On 25 November 2013, the Republic of Malta and the Cayman Islands signed a Tax Information Exchange Agreement (TIEA) – which provides for a full exchange of information between the two jurisdictions on tax matters. This agreement was signed at the Malta High Commission in London. The Maltese Minister for Finance, Professor Edward Scicluna signed…
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Mexjin fuq ir-‘road map’
Biss ftit jiem ilu, Il-Kummissjoni Ewropea ppubblikat tliet dokumenti bħala risposta għar-rapporti li ħejja l-Gvern Malti tul ix-xahar ta’ Ottubru. Dawn huma l-Commission’s Assessment of the Economic Partnership Programme, l-Assessment of the Report for Real Effective Action u l-Assessment of the Draft Budget 2014, kif ippreżentati lill-Gvern mill-Kummissjoni. Ir-rapporti min-naħa tal-Gvern saru f’Ottubru qabel il-preżentazzjoni…
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Eurogroup acknowledges measures taken by Malta to address risks
Euro Area Finance Ministers recognised that Malta has taken additional measures within its own budgetary process to address the risk of non-compliance with the rules of the Stability and Growth Pact (SGP). The positive assessment was delivered during a meeting of the Eurogroup held in Brussels on 22 November 2013 in order to assess Euro…
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Favourable Assessment by the European Commission – Videoblog 24
Finance Minister Prof. Edward Scicluna assesses the European Commission’s recently-published reactions to various documents which were submitted by the Government throughout the month of October. Prof. Scicluna notes that the Commission’s reactions were favourable as it is satisfied with how the Government is handling the country’s finances. Prof. Scicluna especially welcomes the Commission’s conclusion that…
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Commission concludes that Malta’s Deficit Reduction Action is effective and no further action required
Finance Minister Prof. Edward Scicluna welcomed the European Commission’s conclusion that Malta has taken effective action to address the budget deficit and no further steps in the excessive deficit procedure are needed at present. Prof. Scicluna was speaking during a press conference held at the Ministry for Finance on Friday 15th November, during which he…
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Courtesy visit from the Ambassador of the Kingdom of Netherlands to Malta
Finance Minister Prof. Edward Scicluna received a courtesy visit from the Ambassador of the Kingdom of Netherlands to Malta H.E. Rita Dulci Rahman. The meeting discussed topics related to political and economic developments in both countries, as well as their respective relevance to the European Union, and the Eurozone. Prof. Scicluna and H.E. Ms Rahman…