ARTICLE
17 November 2017

Maltese Economy Set For Further Growth

FM
Finance Malta

Contributor

Finance Malta is a non-profit public-private initiative set up to promote Malta as an international financial centre, both within, as well as outside Malta. It brings together, and harnesses, the resources of the industry and government, to ensure Malta maintains a modern and effective legal, regulatory, and fiscal framework in which the financial services sector can continue to grow and prosper. The Board of Governors, together with the founding associations: The Malta Funds Asset Servicing Association, the Malta Bankers Association, the Malta Insurance Association, the Association of Insurance Brokers, the Malta Insurance Managers Association, the Institute of Financial Services Practitioners; its members and staff are all committed to promote Malta as an innovative international.
Minister for Finance Edward Scicluna welcomes the European Commission's autumn forecast, which expects the Maltese economy to continue growing robustly with record low unemployment...
Malta Strategy

"Another positive report on Malta's economic performance" – Minister Edward Scicluna

Minister for Finance Edward Scicluna welcomes the European Commission's autumn forecast, 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 to also perform affirmatively in external trade where strong export growth, particularly in services, is expected to continue supporting the current account surplus recorded in recent years.

During the same press conference, Minister Edward Scicluna referred to the report published by the PANA committee on Wednesday. The Minister remarked that the committee was set up with the aim of evaluating and reporting the shortcomings revealed by the 11.5 million leaked documents.

The committee confirmed that the Maltese tax system is in line with current international and EU standards. It further adds that Malta has transposed EU rules and respects OECD standards in terms of transparency, its fight against tax fraud, and money laundering.

"The way forward for Malta is for all political sides to work together in strengthening Malta's institutions", said Minister for Finance Edward Scicluna.

Source: PRESS RELEASE BY THE MINISTRY FOR FINANCE

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