Finance
Malta: Ċaqnu will not get paid for Luqa land sale as part of tax settlement
The Finance Ministry has shed light on a property transfer deal that will form part of a tax arrangement struck with developer…
Malta: Dedicated FIAU team to enforce €10,000 cash limit rule
A dedicated team within Malta’s anti-money laundering unit, the FIAU, is being set up to enforce a recently imposed €10,000 limit for…
Malta: ‘No new or higher taxes,’ Clyde Caruana pledges as deficit soars on back of pandemic
No new taxes will be introduced and no tax increases will take place in the foreseeable future, Clyde Caruana has pledged despite…
Italy “strongly exposed” due to high debt levels – Bank of Italy exec
Italy's public debt level is sustainable but keeping it very high makes Italy "strongly exposed" to tensions in financial markets and new…
ECB signals faster money-printing to keep lid on yields
The European Central Bank said on Thursday it would accelerate money-printing to keep a lid on euro zone borrowing costs, signalling to…
Maltese Editors’ Perspectives
Times of Malta says Finance Minister Clyde Caruana gave a frank assessment in parliament of what the costs of supporting businesses and…
Formula One revenues dropped by $877 million in 2020
LONDON, Feb 26 (Reuters) - Formula One's revenues took an $877 million hit last year, falling 43% as a result of the…
Maltese Editors’ Perspectives
Times of Malta says that the government should develop viable solutions to ensure that vulnerable consumers are compensated for the increase in…
Malta: Minister scraps predecessor’s Air Malta state aid plan
Finance Minister Clyde Caruana confirmed that he sent the state aid plan for Air Malta drawn up under Economy Minister Silvio Schembri…
Malta: COVID-19 cost government €900m last year
The COVID-19 pandemic cost the Maltese government an estimated €900 million last year and the deficit for last year is therefore projected…
Malta: BOV decreases interest rates for fixed-term deposits
A revision in the interest rates on fixed term deposits will be introduced by Bank of Valletta. The new terms will leave…
Britain starts work on post-Brexit asset management sector
LONDON, Jan 26 (Reuters) - Britain set out options on Tuesday for increasing the global attractiveness of its 9.9 trillion pound ($13.59…