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Economic Growth in Malta Continues to Impress
In the first quarter of this year, economic growth in Malta continued to exceed expectations increasing by 5.2 per cent over an already high growth rate of 6.3 per cent recorded in the same quarter of last year. This comes at a time where the EU and the Euro Area are growing at 1.8 and…
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EU Delegation visit to the Ministry for Finance
Prof. Edward Scicluna, Minister for Finance, welcomed an EU delegation headed by Mr Alexander Italianer, Secretary General of the European Commission, accompanied by Mr Martin Selmayr, Head of President Juncker’s Cabinet and Ms Clara Martinez-Alberola, Deputy Head of President Juncker’s Cabinet, at the Ministry for Finance. The meeting was held to discuss the…
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Challenges and Opportunities for the Insurance Industry
“The success of the insurance industry today owes it to the visionaries who, way back 35 years ago, set up an insurance training centre (MITC) because they believed in the importance of proper training and development for the profession”. Minister Prof. Scicluna stated this when he was addressing the National Conference on Current Developments in…
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Sfidi għas-settur bankarju
Il-maġġoranza tan-nies iqisu il-banek bħala istituzzjonijiet serji u li wieħed għandu jafda li saħansitra wieħed ma jaħsibiex darbtejn sabiex jinvesti flusu mal-banek. Din il-fiduċja fil-banek ġejja mill-fatt li l-ġenituri jinkoraġġixxu it-tfal tagħhom mhux biss li jfaddlu iżda anki li jkollhom kont bankarju. Din l-abitudni hija ta’ min jinkoraġġixxiha mhux biss għal ġid tal-individwu imma anki…
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High reduction in the debt-to-GDP ratio in 2015
Latest debt figures published by NSO confirm that the debt-to-GDP ratio decreased by 3.2 percentage points in 2015, falling from 67.1 per cent in 2014 to 63.9 per cent. The 3.2 percentage point decrease marked the highest reduction in the debt-to-GDP ratio over the last decade. PRESS RELEASE BY THE MINISTRY FOR FINANCE The…
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Finance Minister receives a courtesy visit from the Algeria-Malta Parliamentary Friendship Group
Yesterday afternoon the Algeria-Malta Parliamentary Friendship Group paid a courtesy visit to Finance Minister Edward Scicluna. The Algerian delegation was led by the President of the Algeria-Malta Parliamentary Friendship Group Noura Boudaoud who was accompanied by members of the Algerian Parliament and a representative of the Algerian Embassy in Rome. PRESS RELEASE BY THE…
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Public finances – Better than last year, in line with projections
Latest Government Finance Data issued today by the National Statistics Office (NSO) show that the consolidated fund deficit for the first four months declined by €31.1 million over the previous year. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE During the first four months of this year, tax revenue increased by €110.4 million or…
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Wara l-Panama s-settur finanzjarju tagħna għandu futur?
Jekk hemm suġġet li għadu jissemma bi prominenza fil-midja kemm lokali kif ukoll f’dik internazzjonali, huwa dak tal-“Panama Papers”. Jissemmew listi ta’ ismijiet ta’ individwi, ta’ kumpaniji li kellhom jew għandhom investimenti fi prodotti finanzjarji fil-Panama. Jissemmew ukoll professjonisti li jaħdmu fil-qasam finanzjarju, li għenu u fetħu għan-nom ta’ dawn l-individwi u kumpaniji, biex isir…
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Finance Minister addresses the Finance Malta 9th Annual Conference
This morning, the Minister for Finance Edward Scicluna addressed the Finance Malta 9th Annual Conference. The conference with the theme “Malta’s Financial Service Industry, Sustaining Growth Through Innovation” was held at the Hilton Hotel in St. Julian’s. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE While addressing the conference, Minister Scicluna emphasised the importance…
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“Measures aimed to tackle tax avoidance are welcome, as long as they target abuse and not legitimate investment”– Minister Scicluna
Speaking during an ECOFIN meeting of EU Finance Ministers in Brussels, today Wednesday 25 May 2016, the Minister for Finance, Prof. Edward Scicluna, stressed that measures targeting tax avoidance should serve to tackle abuse and not hit legitimate investment in the European Union. The main item for discussion during the ECOFIN meeting dealt with a…