Fitch believes Malta’s real GDP will contract by 5.9% in 2020, a more austere outlook than a recent IMF prediction Credit rating agency Fitch has revised Malta’s outlook to stable, from positive, and affirmed its A+ credit rating. Fitch believes Malta’s real GDP will contract by 5.9%...
Link to Fitch Ratings' Report(s): Malta - Rating Action Report Fitch Ratings has revised Malta's Outlook to Stable from Positive and affirmed the Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'A+'. A full list of rating actions is at the end of this rating action commentary. Under EU...
Changes will not affect interest gains paid on Eurobond loans, bond loans of Russian companies and loans extended by foreign banks, according to Russia's Finance Ministry. The Russian Ministry of Finance has notified finance ministries of Luxembourg and Malta about amendments to double taxation avoidance agreements...
Minister Chris Cardona is currently in Poland leading the very first trade delegation to the country compromising of some 50 strong business leaders and entrepreneurs to explore business and investment opportunities between the two countries. The delegation is made up of officials from companies in...
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...
It was exactly three years ago that the European Central Bank assumed joint supervisory responsibility with local regulators of large and systemically important banks in the Eurozone. Malta’s larger banks are now regulated and supervised directly by the ECB and the Malta Financial Services Authority. There...
Malta signed the OECD’s Multilateral Instrument (the MLI) on 7 June 2017, alongside 71 other countries. The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, to give it its full name, is intended to help combat BEPS by...
Minister for Finance Edward Scicluna welcomed the renewed commitment of Argus Insurance Agencies to expand their operations in Malta, while addressing their staff with their business partners at an event held over the weekend. Minister Scicluna commended the company for having a majority female workforce...
More than four in five (81 per cent) senior professionals in Malta’s financial services sector expect their companies to increase the number of employees over the next five years, research commissioned by Managing Partners Group, the international asset management group, shows. The research – 43 senior professionals...
Main driver will be company relocation to Malta A survey of 43 professionals working in Malta’s financial services industry reveals the clear majority expect the sector to enjoy strong growth over the next five years. The sector currently contributes just over 12% of Malta’s GDP, but 87%...