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Debono pleads guilty on testimony refusal charges / Malta News Briefing – Friday 18 February 2022

1745- Latest News update Times of Malta says a court has found sufficient evidence at face value for former EU Commissioner John Dalli to stand trial. MaltaToday says Nationalist MP…

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70% of Air Malta employees apply for Voluntary Employees Transfer Scheme

Air Malta said that the total number of applications received for the Voluntary Employees Transfer Scheme which closed on11 February 2022 for the rightsizing of the Company, amounted to 571…

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Leading Global Lotteries Tech Provider IGT Selected As National Lottery Technology Provider

National Lottery plc, a fully owned subsidiary of IZI Group plc and the Preferred Proponent for the National Lottery Concession in Malta, have announced that subsidiaries of the leading technology…

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MDB, BOV launch €15 million EU-funded scheme for students furthering their studies

Following the issue by the Malta Development Bank of an open call for expression of interest, Bank of Valletta has been selected to intermediate the Further Studies Made Affordable plus…

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Malta: Industrial production sees big drop in 2021

In December 2021, the total production generated by the Maltese manufacturing and energy industries went down by 6.6% from December 2020. The largest decrease was registered in the production of…

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Ċaqnu tax deal scrapped after government intervention / Malta News Briefing – Tuesday 1 February 2022

1745- Latest News update Times of Malta says Steward Health Care has claimed its concession to run three hospitals in Malta was deemed "not fit for purpose" internationally and is…

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Malta Development Bank extends Covid-19 Guarantee Scheme until June 2022

The Malta Development Bank has announced the extension of its successful Covid-19 Guarantee Scheme (CGS) until June 2022. In light of the observed economic recovery and unfolding Covid-19 developments, in…

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Success for MedFilm in Malta’s first edition

The first edition of MedFilm in Malta - We Love the Sea, an event born from the collaboration between Costantino Films and the MedFilm Festival in Rome, the most important…

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Malta: Business activity receded in December, CBM report shows

The Central Bank of Malta said on Tuesday that annual growth in business activity receded somewhat from recent highs but nevertheless remained strong from a historical perspective as economic activity continued…

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€12 million SME facility in Ħal Far to offer new industrial space

A significant €12 million will be invested in a new facility at Ħal Far for small and medium-sized businesses, aimed at addressing a major challenge SMEs have been facing, which…

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McHappy Day raises record €30,000 for RMHC

McHappy Day, the annual fund-raiser held by McDonald’s in aid of the Ronald McDonald House Charities, has raised a record €30,000 to support RMHC’s Qawra Learning Centre programmes. The proceeds…

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Malta: Food continues to drive prices up

Inflation continued to increase in December, with fresh NSO data showing that the Retail Price Index reached 2.59 per cent, up from the 2.38 per cent in November 2021. The…

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Binance abandoned Malta’s plans as founder grew nervous of country’s stringent AML protocols – Reuters report

ATTARD, Malta, Jan 21 (Reuters) - In the courtyard of a secluded limestone palace, Malta's political elite welcomed a guest: Changpeng Zhao, chief executive of Binance, the world's largest cryptocurrency exchange. It…

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Malta Business Registry ramps up activity in fight against financial crime

The Malta Business Registry is perhaps one of the longest-standing entities within the Maltese public sector, with a history going back as far as five decades since its original inception…

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Tuning Fork Lauds Recent Launch of Government’s ESG Portal

Tuning Fork Advisory, a boutique business advisory firm specialising in business process optimisation and sustainability, amongst others, has lauded the recent launch of the ESG portal launched by the Ministry…

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Malta Chamber expresses support towards PN legislative proposals on good governance

The Malta Chamber of Commerce, Enterprise and Industry welcomed the Opposition's initiative to put forward concrete legislative proposals to address the shortcomings identified by the public inquiry into the murder…

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Air Malta reducing flight frequency as demand falls

Air Malta is consolidating its flight schedule for the months of January and February by reducing frequencies on certain routes without however cancelling any of the 16 routes the airline…

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The Malta Chamber appeals for dialogue and reasonableness not directives

The Malta Chamber of Commerce, Enterprise and Industry said that it compelled to remind unions that their counterparts in social dialogue on behalf of their members employed by the private…

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Gas can be useful in the energy transition – EPP

The Group of the European People's Party expressed support to an EU decision to label gas and nuclear energy as green, saying that gas can help facilitate the energy transition, though…

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Ryanair cuts 28 Danish routes in January 2022

Ryanair will cancel 28 of its 59 Danish routes in January, according to Danish aviation website Check In. The budget airline had already cancelled one third of its January flights…

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GO’s National Connectivity Project Enters Final Phase

With the start of winter comes the start of the final phase of the PEACE project, an investment by GO of €25 million in a 3rd submarine cable which will…

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MEA calls on Government to issue clear policy guidelines on Covid-19

The Malta Employers’ Association said today that the current surge in COVID cases is worrying many employers, and warned that inaction on the part of government might lead to a…

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Enhancing quality, upholding the rule of law: accountancy professionals and Registrar of Companies share common objectives in frank discussion

The provision of timely, reliable and complete documentation, in observance of established rules and regulations is in the common interest of practitioners and the Malta Business Registry. This key message…

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GO Customers to Enjoy Free Upgrade to 5G Mobile Services

As of today, GO pay monthly customers with 5G enabled handsets will get to enjoy the latest generation of mobile technology, for free, when in 5G covered areas, such as…

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Health cash plans for employees launched in Malta

HSF health plan (Malta) Ltd is part of a group of Health Cash Plan providers wholly owned by the charity, called The Hospital Saturday Fund. The health plan provided by…

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The Malta Institute of Accountants welcomes 222 new graduates to its fore

Accountancy leaders highlight need for ethics, integrity and life-long learning among professionals The Malta Institute of Accountants has formally welcomed 222 new accountants as members within its ranks following the…

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Good sales required throughout the whole year, Malta Chamber insists

Resilience and Digital Innovation is key to ensure recovery Despite the number of challenges faced by business, The Malta Chamber of Commerce, Enterprise and Industry said today that this year’s…

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Malta lags behind in R&D as only Romania fares worse in EU scoreboard

In 2020, the Member States of the EU spent around €311 billion on research & development (R&D). This is a decrease of €1 billion compared with 2019 (€312 billion). The…

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Malta: Services industry leads recovery in Q3

The Maltese economy experienced a strong recovery over the Summer months, despite growth falling slightly short when compared to the drop experienced during the same timeframe last year. During the…

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Joint Malta Chamber and CBM seminar discusses the permanency of the current inflationary trends

Inflation has become extremely topical after many years of price stability within the Euro zone. “The bottlenecks created by the deep recession caused by the pandemic and the relatively quick…

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Economy is recovering, but risks remain – Central Bank

Although the economy is recovering, uncertainties surrounding the pandemic remain, posing some downside risks for the financial system, an Interim Financial Stability Report by the Central Bank of Malta found.…

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Fitch Affirms Malta At ‘A+’ Outlook Stable

Global credit rating agency Fitch has affirmed Malta's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a Stable Outlook. The Stable Outlook reflects Fitch's expectation that GDP growth will…

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The Asset Recovery Bureau – a vital cog in Malta’s fight against financial crime

“Ensuring crime does not pay by denying and depriving persons of acquired criminal assets.” As the young team at Malta’s Asset Recovery Bureau’s set off for their working day from…

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MGC Pharma to produce medication to treat inflammation caused by Covid-19 in Malta

A multi-million investment by MGC Pharma was inaugurated today during a ceremony to mark the company's decision to develop its facility in Malta. The 4 million investment was carried out…

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Tax amnesty to defaulters puts Malta’s efforts to fight tax crime at risk – MIA

The Malta Institute of Accountants has noted with disapproval the introduction of Legal Notice 419 of 2021, which allows taxpayers to offset tax payable on property transfers against their existing…

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Businesses that honour their tax obligations are being discriminated against, Chamber says

The Malta Chamber of Commerce, Enterprise and Industry has expressed its opposition to a government decision to allow those having have tax arrears that were due by January 2021 to…

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The Malta Chamber launches Rediscover – A New Vision for the Tourism Industry in Malta

Tourism Operators Business Section calls for industry renewal as it puts forth 125 recommendations. Today the Tourism Operators Business Section at The Malta Chamber of Commerce, Enterprise and Industry with…

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Protecting jobs and our planet are not conflicting objectives – MEA

SME National Forum 2021 brings together industrial, political and social leaders in discussing SMEs and Green Growth: The Journey Ahead “The protection of jobs and our planet should not be…

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Shopify plug-In Introduced To eCabs’ FastDrop Platform

As Shopify continues to establish itself as one of the most used eCommerce platforms in Malta by high-volume merchants, eCabs’ FastDrop has plugged the platform into its FastDrop app to…

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BOV registers €46.5 million profit in first 9 months of 2021

Profit before Tax for the BOV Group for the third quarter of 2021 amounted to €20.6 million with profit before tax for the first nine months of 2021 totaling €46.5…

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Singapore fuel oil imports from Malta at a three-year high

Singapore residual fuel oil inventories rose 0.5% in the week ended Oct. 27, marking four consecutive weeks of stock build-up, as weekly net import volumes dropped but were near the…

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Exiting the Grey-List – Malta Institute of Accountants

by the Malta Institute of Accountants It has only been a couple of months since Malta reeled from the news that it had been grey listed by the global money…

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SMEs National Forum 2021 to tackle the Journey Ahead for SMEs in the context of Green Growth

For decades, delivering economic growth and sustainable development were seen as conflicting objectives that needed to be balanced for the benefit of humanity. As citizens become increasingly aware of irreversible…

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Misco publishes 36th edition of its annual ‘Salaries and Benefits Report’, 2021 Sees Average Salary Increase of 2.5%

The average salary increase observed in 2021 was of 2.5%, and salaries have, in some areas, remained fairly stable whilst in some other areas an increase has been observed, particularly…

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MDB Covid-19 Guarantee Scheme extended until 31 December 2021

The Malta Development Bank (MDB) is pleased to announce that the European Commission, in its decision of 15 October 2021, has approved the prolongation of the Bank’s existing Covid-19 schemes…

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Survey finds Malta’s attractiveness to foreign investors declines 40% in last two years

The annual attractiveness survey carried out by EY Malta revealed that the number of investors who find the country attractive from a business viewpoint collapsed by 25% compared to last…

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Malta Maritime Forum welcomes Cabinet approval of proposal for National Maritime Authority

The Malta Maritime Forum (MMF) today welcomed Minister Ian Borg’s announcement that Cabinet had given the green light for Transport Malta to be de-merged into separate entities for road transport,…

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Malta Institute of Accountants holds its 57th AGM, elects seven members to Council

David Delicata appointed as new MIA President The Institute of Accountants has held its 57th Annual General Meeting on Friday 1st October, during which it elected seven fellows of the…

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Chamber welcomes National Employment Policy, says it identifies the key challenges of our labour market

The Malta Chamber has welcomed the recommendations proposed in The National Employment Policy launched yesterday by Finance Minister Clyde Caruana, one which identifies the key challenges in our labour market.…

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62+ Malta Government Bonds oversubscribed, Treasury to allocate €100 million

The Maltese Treasury said on Tuesday the total value of applications for this year’s issue of the 62+ Malta Government Savings Bond received from new applicants and applicants who already…

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FATF Executive Secretary resigns

David Lewis, the executive secretary of the Financial Action Task Force (FATF) was reported to have resigned his position. According to various reports, this raised questions about the ability of…

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PB GROUP Appoints New Board of Directors

PB Group has announced the appointment of its new Board of Directors. The company’s founder, John Naudi, will be leading the Board as the new Executive Chairman. David R. Busuttil,…

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Financing young people’s dreams through EU funding

Young people are considered as one of the most valuable assets for the European Union as they represent an important source of skills, creativity and dynamism, qualities which are fundamental…

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Malta Chamber wants Opposition to advocate accountability, transparency and governance

The Malta Chamber presents its pre-budget recommendations to the Opposition “We believe that in the current economic climate, the Opposition has a stronger role to play not least in advocating…

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EU insurance regulator calls for independence of national supervisory authorities

The European Insurance and Occupational Pensions Authority (EIOPA) has published criteria for assessing the independence of supervisory authorities. In a statement, the EU regulator said that he independence of supervisory…

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Malta must address its insularity issues for Maltese businesses to be competitive – SME Chamber

The Malta Chamber of SMEs has been highlighting the big problem Maltese businesses have with the inability to compete both outside Malta and in Malta itself, with online purchases. The weakness in being competitive with prices comes as a result…

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Air Malta launches Winter Schedule linking Malta with 15 major airports

Air Malta will start operating its Winter flight schedule on the 31st October with a planned 67 return direct weekly scheduled services to 15 major European Airports. London and Paris…

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