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Unemployment on downward trend, Fourth Lowest in EU
The Finance Ministry wishes to underline that, despite recent newspaper and media reports which are attempting to suggest that unemployment in Malta is increasing, Malta’s unemployment rate is on a downward trend and remains fourth-lowest in the European Union. The Ministry notes a press release published by Eurostat on 1st October 2013 which announced that…
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Need for Harmonized Accrual based public sector accounting standards
Finance Minister Prof. Edward Scicluna met with Ian Carruthers, Policy and Technical Director for the Chartered Institute of Public Finance and Accountancy (CIPFA) and member on the International Public Sector Accounting Standards Board (IPSASB), and Noel Camilleri (Accountant General) to discuss the transition of government public sector accounting to accrual reporting. The meeting was held…
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Annual Meeting of World Bank Group (WB) and International Monetary Fund (IMF) in Washington – Videoblog 21
In his weekly video blog, Finance Minister Prof. Edward Scicluna discusses his recent visit to Washington to attend the annual meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF). He explains that such meetings represent an opportunity for representatives of the attending countries to not only obtain a deeper understanding…
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Il-laqgħat tal-Fond Monetarju Internazzjonali u l-Bank Dinji
Ftit jiem ilu saru l-laqgħat annwali tal-ħarifa tal-Fond Monetarju Internazzjonali (l-IMF) u tal-Bank Dinji (l-WB). Dawn huma kkonsidrati bħala laqgħat globali u uniċi. Għalihom jattendu l-Ministri għall-Finanzi, il-Ministri li huma inkarigati mill-iżvilupp, kif ukoll il-Gvernaturi tal-Banek Ċentrali. Ma’ dawn jingħaqdu bankiera, akkademiċi u persuni involuti fis-settur monetarju, ekonomiku u finanzjarju. Dawn tal-aħħar jinkludu l-aġenziji tal-klassifikar,…
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Finance Ministry takes note of reported error by NSO
The Ministry for Finance notes the statement issued by the National Statistics Office (NSO) which said that the post production validation and checking process has identified a compilation error in the component “Taxes on Production and Imports” originally published on 6 September 2013. According to the statement, this had a significant effect on the Gross…
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Attracting Chinese Financial Services to our shores
Finance Minister Prof. Edward Scicluna said that Malta should now be on the look out to attract a Chinese financial institution since financial services in China have reached a global level-playing field. Prof. Scicluna was speaking during the annual General Meeting of the Maltese Chinese Chamber of Commerce, held on Friday 18th October 2013 at…
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“Merger that will bring Inland Revenue, VAT, Customs into one entity moving as planned.”
“The merger projects between the three current Departments of Inland Revenue, VAT, and Customs is moving as planned,” said Finance Minister Prof. Edward Scicluna, adding that regular meetings are being held between the Commissioner for Revenue and the respective Director Generals of each Department. Prof. Scicluna was speaking during the opening address of a conference…
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Chinese Garden of Serenity is testament to ongoing Malta-China Friendship
“The Chinese Garden of Serenity is a testament to the ongoing friendship and cooperation between the Governments of China and Malta, and will allow Maltese a greater appreciation of Chinese culture,” said Finance Minister Prof. Edward Scicluna. Prof. Scicluna was speaking during the inauguration of the beginning of restoration and embellishment works which will renovate…
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Ftehim dwar it-Tassazzjoni Doppja
Il-Ministru Għall-Finanzi L-Prof. Edward Scicluna Jippresjedi Fl-Iffirmar Inizjarju Tal-Ftehim Ta’ Tassazzjoni Doppja Bejn Malta U L- Curacao. Il-Ministru għall-Finanzi il-Prof. Edward Scicluna ppresjedja fl-iffirmar ta’ Ftehim dwar it-Tassazzjoni Doppja (DTA) bejn Malta u r-Renju tal-Olanda fir-rigward tal-Curaçao, flimkien mal-Ministru għall-Finanzi tal-Curaçao Dr. Jose Jardim, nhar il-Ħamis 17 ta’ Ottubru, 2013. L-Ambaxxatriċi tal-Olanda għall-Malta H.E. is-sinjura…
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Minister’s Statement on October ECOFIN Meetings
Finance Minister underlines importance of strengthening national ownership of the Implementation of Country Specific Recommendations (CSRS) “It is believed that a combination of the sharing of the Commission’s findings of the County Specific Recommendations (CSRs), better consultation with Member States, social dialogue and an enhanced bilateral phase prior to the issuance of CSRs would remove…