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Author: Lizianne Pace Frendo

S&P reaffirms ‘A-/A-2’ ratings with positive outlook

A Standard and Poor’s (S&P) credit rating report confirms Malta’s ‘A-/A-2’ long-term and short-term ratings and reaffirms the outlook of the Maltese economy as ‘positive’.   The ‘positive’ rating outlook is supported by the expected continuing strong growth performance coupled with consistent current account surpluses, together with...

The World’s Biggest Crypto Exchange Is Heading to Malta

Binance, the world’s largest cryptocurrency exchange by traded value, is seeking a fresh start in the Mediterranean.   The company, founded last year in Hong Kong, is planning to open an office in Malta, said founder Zhao Changpeng in an interview from Hong Kong. Binance will soon...

The UK and EU agree terms for Brexit transition period

The UK and EU have agreed on a "large part" of the agreement that will lead to the "orderly withdrawal" of the UK.   Negotiators Michel Barnier and David Davis said the deal on what the UK calls the implementation period was a "decisive step" in the...

Further rating upgrades for the Maltese economy

Malta welcomes yet another two rating upgrades by DBRS and Moody’s respectively. DBRS has upgraded the Republic of Malta to ‘A (high)’ from ‘A’, and Moody’s changed the outlook to ‘positive’ from ‘stable’.   Minister for Finance Edward Scicluna said that “from where I heard the news...

Gaming authority boss Joseph Cuschieri to become MFSA’s CEO

Joseph Cuschieri, an accountant who has been heading the Malta Gaming Authority since Labour was returned to power in 2013, has been selected by the Office of the Prime Minster to serve as the new CEO of the Malta Financial Services Authority, The Sunday Times...

EU revises its growth forecast for Malta

Minister for Finance Edward Scicluna welcomes the European Commission’s 2018 Winter Forecast wherein Malta’s growth rates have been revised upwards for the years 2018 and 2019.   Minister Scicluna stated that, “this upward revision on behalf of the EU is a confirmation that Malta’s high rates of...

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