Category: COVID-19

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Malta’s growth rate stays in positive territory during first quarter

The Ministry for Finance and Financial Services welcomes the GDP data for the first quarter of this year published by the NSO, which shows that, despite the global pandemic, the […]
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European Commission FDI Screening Guidelines

On 26th March, the European Commission issued guidelines to ensure an EU-wide approach to foreign investment screening in a time when industrial and corporate assets may be under stress.   The aim is […]
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ESMA Issues Public Statement On The Risks For Retail Investors During The COVID-19 Crisis

The European Securities and Markets Authority (“ESMA”) just published a statement given the increase in trading activity involving retail clients throughout the COVID-19 pandemic.   Unprecedented market circumstances have led […]
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MFSA’s new anti-money laundering team probes 25 fresh cases

Of 105 cases opened last year, 25 related to money laundering   A new specialised team of international experts has been set up by the financial regulator to combat money […]
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Government predicts a 7.5% deficit for 2020, with economy shrinking by 5.4%

Finance Minister unveils the government’s public finance forecasts     The government is predicting a 7.5 percent deficit for this year, but things could change overnight, Finance Minister Edward Scicluna […]
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Business Assistance During The Coronavirus Outbreak

In order to help reduce the effect of the current instability brought about by COVID-19, the Maltese Government has announced measures to assist companies who are the most at risk […]
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Adapting to the ‘new normal’

The last couple of weeks were very challenging and turbulent for all industries and segments across the globe due to the ongoing COVID-19 pandemic.   Financial services are not only […]
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Malta’s economic prospects post COVID-19 pandemic

In recent days, the International Monetary Fund (IMF) and two major credit rating agencies – Fitch Ratings and Moody’s – all published updated reports and analysis on Malta’s expected economic […]
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EC approves €215m Maltese aid scheme to support sectors hit by COVID-19 outbreak

The European Commission has approved a €215 million Maltese wage subsidies scheme to support companies operating in the sectors affected by the coronavirus outbreak, the commission said in a statement. […]
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BOV and Malta Development Bank launch aid scheme for local businesses

BOV-MDB COVID Assist will help finance local firms   Bank of Valletta and the Malta Development Bank (MDB), have launched the ‘BOV-MDB COVID Assist’, a financing scheme aimed at assisting […]
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ECB asks banks not to pay dividends until at least October 2020

ECB asks banks not to pay dividends or buy back shares during COVID-19 pandemic Recommendation concerns dividends for 2019 and 2020, at least until 1 October 2020 ECB expects banks […]
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Coronavirus and the great financial reset

As trillions upon trillions of euro-dollars and bailout money are willed into existence to cushion the coronavirus blow, the risk of another financial meltdown and hyperinflation has never been greater. […]
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