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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...

Malta Yachting industry challenges Notice by EU Commissioner

The Malta Maritime Law Association, the Malta Maritime Forum, the Yachting Services Trade Section within the Malta Chamber of Commerce, Enterprise and Industry, the Institute of Financial Services Practitioners and the Super Yacht Industry Network Malta denounce the recent Notice sent to Malta by 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...

Sustainable economic growth on government agenda

Malta’s strong economic performance has been lauded over and again by various international credit rating agencies, the IMF, and the European Commission and is expected to continue growing at significant rates during the coming years. The Government’s strategy in bringing about this growth and plans...

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