EC approves Malta Budget / Malta News Briefing – Saturday 17 December 2022

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Budgets gets Commission approval

The European Commission has confirmed that Malta’s 2023 Budget complies with the recommendation of the European Council. The EU’s executive said that “overall, the Commission is of the opinion that the Draft Budgetary Plan for Malta is in line with the fiscal guidance contained in the Council recommendation of 12 July 2022”. More on Maltatoday.

BOV says charges increased to fight financial crime

Bank of Valletta said charges have been increases as a measure which is essential in the fight against financial crime. The Bank said it has informed its business customers that the monthly administration fee had to be increased to reflect the additional costs being incurred to carry out its Anti-Financial Crime (AFC) obligations. The Bank yesterday drew the ire of many business operators and the SME Chamber after it raised its administrative fee on business accounts from €10 to €30 monthly.  (The Malta Independent)

No accounts published by passports agency

The entity entrusted with administering hundreds of millions of euros generated from passport sales has failed to publish its annual audited accounts for 2021. The National Development and Social Fund was set up in 2015 with the aim of using a percentage of the funds generated from selling passports to rich foreigners for public interest projects and initiatives. More on The Times of Malta.

PN wants re-evaluation of AUM licence

The Nationalist Party said that it is waiting for clarification about how legitimate the American University of Malta is and how justified it is to keep operating with a licence issued by Maltese authorities. It is asking for the licence granted to the AUM to be re-evaluated. This was after the PN referred to media reports which state that the AUM is not yet recognised and accredited in Jordan itself. TVM as the details.

Morning Briefing

Call for new Magistrates expected shortly

Government has announced a call is to be issued for the appointment of four new Magistrates following the appointment of four new judges.The national broadcaster has quoted Justice Minister Jonathan Attard that two of the magistrates will be allocated for domestic violence and another for money-laundering, with a specific focus on pending appeal cases. This follows the appointment of four new judges earlies this week.

Malta, Hungary hold bilateral trade talks
“In terms of our country’s trade with Hungary, in the last five years, we have seen a significant improvement, but we aim to continue increasing it and see more Maltese businesses also opening in this European Union country”, Minister for Foreign and European Affairs and Trade Ian Borg said during a bilateral meeting he had in Malta with Minister for Foreign Affairs and Energy Trade Péter Szijjártó. Minister Borg said that there are currently three established Maltese companies operating, namely in the fields of hospitality, ophthalmology and in human capital. He went on to say that he believes that there are more sectors that Malta can offer its experience in, namely in English teaching, where our country is considered a center of excellence.

Żebbuġ-Siġġiewi junction project completed

Works to improve the junction between Żebbuġ and Siġġiewi in Triq l-Imdina have been completed. This was announced by Minister for Transport, Infrastructure and Capital Projects Aaron Farrugia together with Infrastructure Malta (IM) CEO Ivan Falzon, Projects and Implementation Executive Director Raphael Abdilla, and Implementation Unit Architect Rebecca Grech. The minister explained that this project alleviated congestion and minimised the risks of accidents on this main route. He said that this project reduced the average travel time in this area by approximately 30%. Changes were also made in the original location of the pedestrian crossings and in the segregation of the main road from the adjacent road for more safety on the road, without having a negative impact on the operation of stores and businesses in this area.

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