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Presidency of the EU Council is a unique opportunity for Malta

The Maltese Presidency of the Council of the European Union opens up a window of opportunity for Malta to let its own outlook be known to Europe and the world, stated Minister for Finance Edward Scicluna as he addressed the Institute of Financial Services (IFS)...

Malta supports the EU VAT Action Plan

While delivering a speech at the Malta Institute of Management’s ‘VAT and EU Conference’, Minister for Finance, Prof. Edward Scicluna stated that the VAT system can be improved on account of its shortcomings in three particular areas.   Minister Scicluna retained that today, VAT is not responsive...

3,800 new companies registered in first nine months of this year

Minister for Finance, Prof. Edward Scicluna noted that 3,800 new companies have been registered by September 2016, bringing the total number of registered companies up to around 50,000.   Speaking at the Annual Company Law Conference organised by the Department of Commercial Law within the University of...

Brexit court defeat for UK government

Parliament must vote on whether the UK can start the process of leaving the EU, the High Court has ruled. This means the government cannot trigger Article 50 of the Lisbon Treaty - beginning formal discussions with the EU - on its own.   Theresa May says the...

MFSA Regulatory Briefings

Save the Date – 2nd December 2016   As part of its commitment to engage with the financial services industry the MFSA will be initiating a series of Regulatory Briefings.   The first Regulatory Briefing will be held on Friday 2 December 2016. During this Regulatory Briefing the MFSA...

2016 deficit continues its decline in September

The Ministry for Finance welcomes the latest statistics published by the National Statistics Office (NSO) showing a decrease of €98 million in the consolidated fund deficit between January and September 2016 when compared with the same period last year.   The reduction in the deficit is buoyed...

Standard and Poor’s upgrades Malta’s credit rating to ‘A-’

“The budgetary measures and reforms carried out by government in the last three years have been vindicated to the full by the latest credit rating report by Standard and Poor’s which raised Malta’s rating from ‘BBB+’ to ‘A-’, the first time it raised Malta’s credit...

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