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Press Releases


Maltese Presidency focuses on improving business and employment conditions at ECOFIN meeting

The Maltese Presidency of the Council of the European Union is attaching great importance to the general improvement of business and employment conditions across the EU bloc. Chaired by Minister for Finance Edward Scicluna, today’s ECOFIN Council discussed measures to unlock the potential of the digital single market by introducing non-standard VAT rates for electronic publications. The new VAT rates for electronic publications is part of a broader plan to ... [+]
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At the G20 Finance Ministers Meeting in Baden Baden

As the Presidency of the Council of the European Union, Malta, represented the EU at the G20 Finance Ministers meeting that was held in Baden-Baden, Germany, this week. This was a unique opportunity for a Maltese Finance Minister to participate at this meeting.   PRESS RELEASE BY THE MINISTRY FOR FINANCE Convening representatives ... [+]

Malta’s economic success stems from Government reforms started four years ago

Malta is currently enjoying economic success as the direct result of the Government’s action in addressing its weaknesses four years ago, such as the low female participation in the labour force. PRESS RELEASE BY THE MINISTRY FOR FINANCE Minister for Finance, Prof Edward Scicluna made this statement as he delivered a key ... [+]

Robust Broad-Based Growth in 2016

Latest GDP figures, published by the NSO and Eurostat, show that the Maltese economy grew by 5 per cent in 2016 marking the highest economic growth rate recorded in the European Union for that year. Nominally, GDP expanded by 6.7 per cent.    PRESS RELEASE BY THE MINISTRY FOR FINANCE   Economic growth remained ... [+]

Prompt action at Fintech Conference

“We stand at the cusp of a new technological era, the opportunities from which are there for us to harness. For this to happen, we must be able to move fast and in sync.” This is what Minister for Finance Edward Scicluna stated, as he addressed the First Annual Conference ... [+]

EU Funds to be used in a responsible and accountable manner

“We need European institutions to send a clear signal to EU citizens and tax payers that EU funds are to be used in a responsible and accountable manner, with full respect to the principle of sound financial management”. This was stated by Minister for Finance Edward Scicluna, when addressing members ... [+]

Four international reports confirm Malta’s impressive economic performance, debunk false notions

The reports published by credit rating agency Fitch, the European Commission, and the International Monetary Fund (IMF), confirm the positive results of policies undertaken by Government, and debunk false notions being reported in the media. This statement was made today during a press conference addressed by Minister for Finance Edward Scicluna ... [+]

2017 Country Report: Private debts and poverty risks are falling ​

The Ministry for Finance welcomes the 2017 Country Report on Malta, published by the European Commission. ​​ The report is a comprehensive and in-depth review which not only takes into account the economic performance of the country, but also the progress made by reforms undertaken so as to strengthen the economy’s resilience.   PRESS ... [+]

ECOFIN reaches Anti-tax Avoidance Agreement (ATADII)

An agreement on Anti-Tax Avoidance (ATAD II) with regard to hybrid mismatches with third countries was reached today at the ECOFIN Council in Brussels. This agreement, just seven weeks into the Presidency, is a testament to Malta’s unwavering commitment in fighting tax avoidance. Any allegations by the Opposition party that Malta might have had a vested interest ... [+]
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Financial Services Gozo Foundation launched

The Financial Services Gozo Foundation was launched following a collaborative agreement between the Ministry for Gozo and the Ministry for Finance, and the private sector. Its role is to promote Gozo as a destination for the setting-up of businesses within the financial services sector.   The aim of the Foundation is to ... [+]