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Press Releases

Record economic growth translates into higher employment income and profits

The €700 million increase in GDP in the first three quarters of this year were distributed in a €200 million increase in compensation of employees, a €350 million increase in business profits, and a €150 million increase in revenue from production and imports taxes. PRESS RELEASE BY THE MINISTRY FOR FINANCE Minister for Finance Edward Scicluna said: ‘I am pleased to note that the growth is indeed being enjoyed by all as ... [+]

M’hemmx ‘bużżieqa’ fis-suq tal-proprjetà

“L-industrija tal-kostruzzjoni hija sinifikanti u wieħed irid jieħu ħsiebha anke għax tolqot bosta individwi u setturi importanti oħrajn bħall-banek.” STQARRIJA MILL-MINISTERU GĦALL-FINANZI Hekk qal il-Ministru għall-Finanzi, il-Professur Edward Scicluna, waqt l-għeluq tal-‘Konferenza Nazzjonali dwar l-Analiżi tal-Proprjetà u l-Industrija tal-Kostruzzjoni’ organizzata minn Property Malta. Il-Ministru kompla li l-indikaturi kollha juru li fil-qasam tal-proprjetà ma ... [+]

L-ebda taxxa fuq tal-boll fl-iskema tal-first-time buyers u l-MSFA b’dokument ta’ konsultazzjoni dwar muniti diġitali

L-iskema tal-first-time buyers, li kellha tagħlaq fl-aħħar ta’ din is-sena, mhux talli se tiġi estiża, talli min għandu qabar issa se jkun eleġibbli għall-iskema l-ġdida. Dan qalu lbieraħ il-Ministru għall-Finanzi Edward Scicluna meta flimkien mas-Segretarju Parlamentari għas-Servizzi Finanzjarji, Ekonomija Diġitali u Innovazzjoni Silvio Schembri kien qed jindirizza sessjoni oħra ta’  Gvern Li ... [+]

A+ rating affirmation by the German credit rating agency

Minister for Finance Edward Scicluna welcomes another positive credit rating for the Maltese economy, this time by Creditreform Rating which affirmed Malta’s long-term sovereign rating at A+ with a stable outlook. PRESS RELEASE BY THE MINISTRY FOR FINANCE  “Just two days after receiving the green light by the European Commission on Malta’s ... [+]

Malta will survive the current severe test on its financial institutions

“Malta’s financial sector is at the moment passing through a severe stress test both locally and internationally but investors from outside believe in us and we will continue to be one of the competitive choices in the Mediterranean.” PRESS RELEASE BY THE MINISTRY FOR FINANCE This was stated by Minister Edward Scicluna ... [+]

Sustainable development goals at the Commonwealth Local Government Conference

“Malta is in the process of launching its own development bank.” This was stated by Minister for Finance Edward Scicluna whilst addressing a Commonwealth Local Government Conference. PRESS RELEASE BY THE MINISTRY FOR FINANCE He stressed that this bank would address market failures where, because of ever increasing regulatory restrictions, commercial banks ... [+]

High-Level Conference on Development Financing in Qatar

“Being a small island state Malta has a lot to offer in the area of sustainable development, in view of its small size and various development pressures. Two areas which stand out are solid waste management and water resource management”, said Finance Minister Edward Scicluna at the High-Level Conference on ... [+]

Prudent policies and advanced structural reforms contribute to higher wealth

Minister for Finance Edward Scicluna welcomes the IMF 2017 Article IV Mission Concluding Statement, stating that prudent policies and advanced structural reforms contributed to the strengthening of private and public-sector balance sheets, whilst steady job creation drove unemployment to historically low levels.   “I am also pleased to note that the IMF ... [+]

MONEYVAL preparatory training programme

Minister for Finance Edward Scicluna addressed a two-day training programme organised by MONEYVAL as part of the Country Preparation Programme. The Minister stated that, “Malta has the ability to close any lingering gaps, if any are found, within its coordination mechanism and the respective institutions to ensure that it remains ... [+]

Persistence and entrepreneurial spirit of the Maltese nation will see it through the challenges of increased regulatory requirements

“We have done pretty well with regards to economic growth as everyone can see, and the growth in the capital market is also something of an achievement. I am sure that every one of you has a vested interest to see this positive development continue.” This was stated by the ... [+]