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Strong economic growth underpinned by significant investment
Official figures show that in the third quarter of 2015, the Maltese economy continued to register robust growth, with a GDP growth of 5.4 per cent in real terms and 8.0 per cent in nominal terms. The rate is the highest rate in the Eurozone, surpassing its average of 1.6 per cent. More importantly,…
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Improvement in Malta’s external balance reflecting growth in investment
The latest International Trade figures released by NSO report that Malta’s exports are on an upward trend. Preliminary figures show that Malta registered a lower trade deficit this October, when compared to October of last year. A similar reduction in the trade deficit occurred during the first ten months of this year where it narrowed…
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Malta will stand its ground on competitiveness
Although a country’s effective rate of taxation is not the only factor that attracts investment, it is an important one and Malta believes it should remain within its competence to remain competitive on the international market, said Minister for Finance, Edward Scicluna. He was addressing KPMG’s Biennial Financial Services Conference under the theme ‘Malta’s Financial…
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Żewġ miżuri biex titnaqqas il-burokrazija fir-rigward tal-performance bond għall-azjendi żgħar
Il-Ministru għall-Finanzi, Edward Scicluna, ħabbar l-implimentazzjoni ta’ żewġ miżuri mħabbrin fil-Baġit għall-2016, li huma maħsubin biex l-azjendi – partikolarment dawk żgħar – jaffaċċjaw inqas burokrazija fir-rigward tal-performance bonds biex ikollhom aċċess aktar faċli għal kuntratti pubbliċi. Waqt konferenza tal-aħbarijiet li saret fl-uffiċċju tad-Dipartiment tal-Kuntratti, il-Furjana, it-Tnejn 30 ta’ Novembru 2015, il-Ministru kkummenta li…
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Looking ahead: Malta’s economic outlook for 2016
A new year is just around the corner and everyone is eager to ensure that the thriving Maltese economy remains on the up. Marie-Claire Grima speaks to two of the most influential figures in the Maltese business landscape to find out more about the nation’s economic prospects for 2016. As the end of…
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L-ekonomija ma tikbirx b’kumbinazzjoni
Il-ġimgħa l-oħra ħareġ rapport preliminari dwar Malta mill-Fond Monetarju Internazzjonali (FMI). Dan ir-rapport sar minn delegazzjoni ta’ sebgħa uffiċjali għolja li ġew f’pajjiżna apposta. Qattgħu ħmistax-il ġurnata hawnhekk li matulhom evalwaw ir-riżultati ekonomiċi, l-istatistika u l-istituzzjonijiet. Għamlu diversi intervisti u laqgħat oħrajn biex jaslu għall-konklużjonijiet tagħhom dwar l-ekonomija u l-finanzi ta’ pajjiżna. L-għada…
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Interview with The Report Company
Oxford graduate and economist Edward Scicluna’s professional career has included stints as a consultant for the EU Commission, UNESCO and for the governments of Albania, Libya and Turkey. He has been called upon to provide economic advice to the IMF annual delegation to Malta as well as rating agencies such as Moody’s and Standard &…
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Finance Minister welcomes Eurogroup’s approval of Malta’s 2016 Budget
Speaking after the Eurogroup meeting held on 23 November in Brussels, Minister for Finance Edward Scicluna welcomed the Eurogroup’s approval as based on the European Commission’s assessment on the basis of the Draft Budgetary Plan for 2016 that Malta submitted to the Commission on 15 October 2015. “Overall, the Commission is of the opinion that…
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Economic growth doesn’t just happen – Vlog 109
The International Monetary Fund’s recent report on Malta concludes that the country’s strong economic growth has been helped by the Government’s policy initiatives. In the meantime, the European Commission has declared Malta’s Budget for 2016 compliant with the Stability and Growth Pact. More in this week’s vlog. L-ekonomija ma tikbirx mix-xejn –…
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We should not be afraid to take on Malta’s economic challenges
“Malta’s economic future is indeed bright, but not without risks,” said Minister for Finance, Edward Scicluna. “Our economy and its operators have reached a very high level of sophistication. Therefore, we should not be afraid to take on the challenges that lie ahead.” He was addressing the Institute of Financial Services (IFS)’s Annual Dinner at…