Edward Scicluna will resign as Finance Minister in the coming days, and as an MP by the end of the year, to take up a new position as Governor of the Central Bank. Meanwhile, the current Central Bank Governor Mario Vella will be appointed Special Commissioner...
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 said on Wednesday. Sharing the government’s budgeting for the year with social partners, Scicluna said his outlook of public...
“We are showing the world that Malta is very serious about addressing issues related to money-laundering and financial crime. It is the duty of financial practitioners to come forward with any suspicious activities.” Minister for Finance Edward Scicluna made this statement whilst addressing the the...
Minister for Finance Edward Scicluna led a delegation of financial practitioners and regulators to a series of business seminars held in New York between the 15th and 16th of April 2019. The main theme of the business visit organised by the Malta Stock Exchange (MSE)...
The Ministry for Finance welcomes the latest GDP data published by the NSO which showed that the Maltese economy grew by 6.6 per cent in 2018, securing its position as one of the fastest growing economies in the EU. “Malta’s economic growth for 2018 exceeded expectations...
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...
During the Eurogroup meeting, convened on the eve of the Economic and Financial Affairs Council (ECOFIN) in Brussels on the 19th and 20th February 2018, Minister for Finance Edward Scicluna stated that, “Malta supports the strengthening and the added roles for the European Stability Mechanism (ESM). There is no trade-off...
“Indicators just published by the Organisation for Economic Co-operation and Development (OECD) portray Malta as a tax compliant jurisdiction. This is exactly what we have been stating all along in the face of unfair criticism by uninformed or malicious quarters. Thus, while we intend to...
“The nature of the regulatory response to FinTech is a critical topic for both regulators and market participants. The challenge is to identify when the regulator should step in - the regulatory ‘tipping point’ between allowing innovation to develop without regulatory intervention and taking regulatory...
Minister for Finance Edward Scicluna welcomes the European Commission’s autumn forecast, published yesterday, which expects the Maltese economy to continue growing robustly with record low unemployment and moderate wage growth, with the current account and the budget balances set to remain in surplus. Malta is expected...