At today's meeting, the Cabinet of Ministers...
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Financial services: Commission sets out its equivalence policy with non-EU countries
The European Commission is today taking stock of its overall approach to equivalence in the area of financial services. EU equivalence has become a significant tool in recent years, fostering integration of global financial markets and cooperation with third-country authorities. The EU assesses the overall policy context and to what extent the regulatory regimes of a given third country achieves the same outcomes as its own rules.
Amsterdam startup funding news, 26 July 2019
5miles
The Amsterdam-based tech startup 5miles is receiving €750,000 from angel investors. 5miles offers daily ‘micro-learning’ functions, with which professionals can improve their data, analytical and presentation skills in five minutes. Its clients include ABN AMRO, Achmea and KPMG. One of the main investors is Chris Hall, founder and CEO of Bynder.
Maltese Consumers Most Likely To Purchase Online From Other EU Countries
Ecommerce revenues in the EU are growing by 14% each year, with most consumers more likely to buy from a company within their own country.
Consumers in Malta have bucked the trend where the majority of EU consumers are more likely to make purchases online from companies within their country of residence, according to information which came to like through British ecommerce retailer, OnBuy.
FM: High local government consolidated budget surplus
In the first half of 2019, the consolidated local government budget posted a surplus of EUR 116.2 million, an increase of EUR 58.4 million compared to the same period last year. The surplus was provided by rapidly growing state transfers, including for the realization of European Union (EU) fund projects, as well as increased tax revenues. Although there is a surplus in the consolidated local government budget in the first half of 2019, overall, the local government consolidated budget is expected to be in deficit in 2019, taking into
Government authorizes expense to build new Alentejo Central Hospital
The Council of Ministers authorized the execution of expenses related to the execution of the public works contract for the construction of the new Alentejo Central Hospital, by the Alentejo Regional Health Administration.
Revive program «at cruising speed» has already secured 54 million euros in investment
Deputy Minister of Economy Pedro Siza Vieira said the Revive program is at "cruising speed" and said that the seven projects already awarded represent an investment of over 54 million euros.
Women In Business Meet With State Officials To Share Ideas On Steps For Progress
It was aimed at providing a platform where female business owners can meet and discuss the challenges they face in day-to-day life.
The Office of the Commissioner for Simplification, together with the Ministry for Economy, Investment and Small Business and ‘Business 1st’ organised an event entitled ‘Female Business Café’ last Thursday.
Portugal launches UNESCO Center to stimulate PALOP teachers and researchers training
The Minister of Science, Technology and Higher Education, Manuel Heitor, attended the launching ceremony of the LP Center: a Category 2 Unesco Center, in collaboration with Portuguese-speaking Countries and the Engineering Schools Consortium and the Agricultural Sciences to stimulate the training of teachers and researchers from Portuguese-speaking African Countries.
Minister of National Defense launches ideas contest for future Defense Campus
The ideas contest for the future Defense Campus was launched, which will operate in the historic Lancer Regiment 2, located between the Ajuda Palace and the Belém Palace in Lisbon.
Persons Registering For Work Drops To 1,616 As At June 2019
The number of persons with a disability who were registering for work decreased by 68 when compared to the previous year, reaching 214.
Persons registering for work dropped to 1,616, a decrease of 9.1 per cent when comparing June 2019 with June 2018, according to statistics released by the National Statistics Office (NSO)
Persons Registering For Work Drops To 1,616 As At June 2019
The number of persons with a disability who were registering for work decreased by 68 when compared to the previous year, reaching 214.
Persons registering for work dropped to 1,616, a decrease of 9.1 per cent when comparing June 2019 with June 2018, according to statistics released by the National Statistics Office (NSO)
Environmental Report Calls On Malta To Improve Waste Management, Air Quality And Protection Of Habitats
Malta has been told to speed up implementation of the EU waste management requirements, improve the air quality in the most urbanised areas and improve the protection of habitats and species of EU interest by fully implementing the Natura 2000 instruments.
Producer price index increased in June
In June 2019, the change in the producer price index of industrial output was 0.1% compared to May 2019 and 0.5% compared to June 2018.
In June, compared to the previous month, the producer price index was affected more than average by a price increase in the manufacture of electronic equipment and electricity, but also by a price decrease in the manufacture of wood and wood products.
Government inaugurates five more Health Units
Prime Minister António Costa and the Minister of Health, Marta Temido, participated in the inauguration of five more Health Units that will serve a population of half a million inhabitants in the municipalities of Amadora and Sintra.
Commission steps up EU action to protect and restore the world's forests
Today the European Commission adopted a comprehensive Communication setting out a new framework of actions to protect and restore the world's forests, which host 80% of biodiversity on land, support the livelihoods of around a quarter of the world's population, and are vital to our efforts to fight climate change.
African Peace Facility: African Union Peace & Security Operations boosted by an additional €800 million from the European Union
The Chairperson of the African Union Commission, Moussa Faki Mahamat, and the EU Commissioner for International Cooperation and Development, Neven Mimica, today announced the signing of an agreement through which the EU commits a further €800 million to support the African Union in its efforts to promote peace, security and stability in Africa within the context of the continued implementation of the African Peace and Security Architecture.
Hili Finance Company Plc Launches €80 Million Bond Issue
Funds will be predominantly directed to the acquisition of Kemmuna Ltd, the owner and operator of the Comino Hotel & Bungalows.
Hili Finance Company plc, a subsidiary of Hili Ventures Ltd, has launched an €80 million bond issue, maturing in 2029.
Humanitarian Aid: €10.5 million for South and South East Asia
To help the most affected communities in South and South East Asia hit by natural disasters and humanitarian crises, the Commission has mobilised a new humanitarian funding package worth €10.5 million. This includes €1.5 million in emergency aid for the victims of ongoing monsoons in India and Bangladesh. The remaining funds will be provided in Nepal and the Philippines as well as fordisaster risk reductioninitiatives in the region.
State aid: Commission approves €171.7 million compensation to Poste Italiane for distributing newspapers at reduced tariffs
The Commission has approved under EU State aid rules a €171.74 million public service compensation granted by Italy to Poste Italiane for distributing, at reduced tariffs, newspapers and publications of book publishers and non-profit organisations in the period 2017-2019.
Improvements Made To HSBC Fusion, Simplifying Account Opening For Sole Traders
To make the process easier, customers can now apply online from the comfort of their office or home, open an account, submit scanned documents and, if everything is in order, receive a call from a Fusion specialist to confirm a meeting at their branch of choice.
Four-Star Rating From Morning Star For Merill Total Return Income Fund
To complement the steady growth of Merill SICAV p.l.c, a new advertising campaign was launched where the athletes which represent each sub-fund have been translated into young promising Maltese athletes.
Security of 5G networks: EU Member States complete national risk assessments
Following the Commission Recommendation for a common European approach to the security of 5G networks, 24 EU Member States have now completed the first step and submitted national risk assessments. These assessments will feed into the next phase, a EU-wide risk assessment which will be completed by 1 October.
BOV Bond Officially Listed On Malta Stock Exchange
'The ringing of the MSE bell has become a rite of passage on the first day of trading and we are glad to add BOV’s latest Bond Issue on the Main Market,' said Malta Stock Exchange (MSE) Chairman Joseph Portelli.
The €50,000,000 Bank of Valletta plc 3.75% unsecured subordinated bond 2026-2031 was officially listed on the Regulated Main Market at the Malta Stock Exchange.
Zara Reveals All Clothes To Be Made From 100% Sustainable Fabrics By 2025
The group was named the most sustainable retailer by the Dow Jones sustainability index from 2016 to 2018, and is owned by Spain’s richest man, Amancio Ortega.
Zara’s owner has announced that the chain will have all of its clothes made from 100% sustainable fabrics by 2025. The chain’s brands such as Massimo Dutti and Pull&Bear will all follow suit.