Month: October 2017

  • Consistent improvement in the fiscal balance in the first nine months of 2017

    Consistent improvement in the fiscal balance in the first nine months of 2017

    A surplus of €56.4 million was recorded in the consolidated fund balance for the first nine months of this year. This represented an improvement of €120.1 million in the consolidated fund balance, turning a deficit of €63.6 million recorded in January to September last year, to a surplus this year. PRESS RELEASE BY THE MINISTRY FOR FINANCE This significant improvement was…

  • Ejja ma nċekknux it-tifsira tas-Surplus

    Ejja ma nċekknux it-tifsira tas-Surplus

    Ma nkun qed ngħid xejn barra mill-verità meta ngħid li ddejjaqni l-attitudni ta’ min qed jipprova jċekken il-kisba tas-surplus fil-Finanzi tal-Gvern.  Qisha xi ħaga trivjali. Qisha kienet xi ħaġa li tiġri kull tmiem is-sena. L-attitudni bħal din li bdiet ferm qabel dak li gara f’pajjizna dan l-ahhar hija ċara daqs il-kristall li din ir-reazzjoni hija…

  • MALTA: INLESTU GĦALL-FUTUR

    MALTA: INLESTU GĦALL-FUTUR

    Il-Ministru għall-Finanzi Edward Scicluna indirizza konferenza stampa bil-għan li jispjega aħjar id-diversi miżuri fiskali ppreżentati fil-budget għas-sena d-dieħla. STQARRIJA MILL-MINISTERU GĦALL-FINANZI Il-Ministru Scicluna qal li dan hu budget sinifikanti għax ma ġiet introdotta l-ebda taxxa, anzi, għall-kuntrarju, il-Gvern ra li jnaqqas il-piż minn fuq il-ħaddiem u n-negozjant iż-żgħir b’tax refund ta’ bejn €40 u €68, li se tingħata lil mitejn…

  • Legal profession practicing in commercial activities

    Legal profession practicing in commercial activities

    “Legal practitioners have an obligation to adopt high standards when it comes to customer due diligence, including strict know-your-customers procedures. We must not allow criminals to set up shop in Malta. Company legal practitioners should also be vigilant on the ongoing activities carried out by Maltese companies”, stated Minister for Finance Edward Scicluna when addressing…

  • We are for a sound economic and financial governance

    We are for a sound economic and financial governance

    Addressing a seminar discussing “The Role of Fiscal Policy for Sustainable Economic Growth”, organised by the European Commission Representation in Malta and the Malta Fiscal Advisory Council (MFAC), Minister for Finance Edward Scicluna said that the principle behind the setting up of Malta’s independent fiscal institution was crucial for the Government’s success in the fiscal…

  • Further business opportunities for the insurance agencies

    Further business opportunities for the insurance agencies

    Minister for Finance Edward Scicluna welcomed the renewed commitment of Argus Insurance Agencies to expand their operations in Malta, while addressing their staff with their business partners at an event held over the weekend. Minister Scicluna commended the company for having a majority female workforce as well as its policy to adopt family-friendly measures. PRESS…

  • Malta and Slovak Ministers for Finance discuss the future of the Euro

    Malta and Slovak Ministers for Finance discuss the future of the Euro

    Minister for Finance Prof Edward Scicluna welcomed the Slovak Minister of Finance, Peter Kazimir, at his Ministry office in Valletta yesterday Friday 20th of October for discussions related to the future of the Euro and other issues of mutual interest. Slovak Ambassador J. Šoth; Malta’s Ambassador for Slovakia Anthony Licari and Chief of Staff Paul…

  • Prudenza

    Prudenza

    Qiegħed nikteb dan l-artiklu waqt li, bħal kulħadd, għadni taħt xokk qawwi wara dak li seħħ nhar it-Tnejn li għadda. Il-qtil ta’ Daphne Caruana Galizia huwa kundannabbli mingħajr ebda riserva. Hija ġrajja traġika, riżultat ta’ att kriminali goff, li dwaru kulħadd għandu, u jmissu, jitkellem bi prudenza. B’kawtela u b’attenzjoni kbira, biex għada pitgħada ma…

  • Minister for Finance Edward Scicluna inaugurates the ‘Institutional Financial Securities Market’

    Minister for Finance Edward Scicluna inaugurates the ‘Institutional Financial Securities Market’

    Minister for Finance Edward Scicluna addressed a half day conference organised by the Malta Stock Exchange entitled ‘Opportunities within the Securitization Sector’ in which the ‘Institutional Financial Securities Market’ was launched.   PRESS RELEASE BY THE MINISTRY FOR FINANCE   In his remarks Minister Scicluna said that under the Exchange’s leadership and clear direction, and…

  • We need to use carrots and sticks

    We need to use carrots and sticks

    You rounded off your Budget speech by saying it was time to start taking “tough decisions”. However, there was nothing of the sort. Why? Decisions are tough and will be taken now. The government will not shirk its responsibility even though such decisions will have medium- to long-term effects. Some problems have been accumulating over…