At today's meeting, the Cabinet of Ministers...
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Finance Minister Janis Reirs: Monitoring and implementing reforms in the financial sector is and will remain the FCMC priority
On Thursday, July 4, the Chairman of the Financial and Capital Market Commission (FCMC) Peter Putniņš and Deputy Chairman of the FCMC Gunta Razāne provided the Speaker of the Saeima with information on resignation, requesting to be dismissed in accordance with the FCMC law. It should be emphasized that the FCMC should continue to work in accordance with its stated objective of promoting the protection of interests of investors, depositors and insured persons and the development and stability of the financial and capital market, as well as
Malta Registers Current Account Surplus Of €48.9 Million For Q1 2019
This represents a sharp decline compared to the same period last year, when Malta registered a current account surplus of €296.3 million.
Provisional figures released by Malta's National Statistics Office (NSO) show that Malta registered a decrease in its current account surplus when comparing the first quarter of 2019 with that of 2018, at €48.9 million and €296.3 million respectively.
Confirmed list of narrow semi-finished ferrous and non-ferrous metals subject to reverse VAT
On Tuesday, July 2, the Cabinet of Ministers (Cabinet of Ministers) approved amendments to the rules on the application of the provisions of the Value Added Tax (VAT) Law and certain requirements for the payment and administration of VAT. Amendments to the Cabinet of Ministers Regulations specify the list of semi-finished products of ferrous and non-ferrous metals, including the exclusion of metal goods services subject to reverse or reverse VAT.
Eurojust helps reveal fake organic food fraud
In close cooperation with Eurojust, Italian and Serbian national authorities unraveled a transnational large-scale fraud in the production and trade of allegedly organic food and beverages from rotten apples. In a successful joint action, coordinated by Eurojust, 9 suspects of an organised crime group (OCG) were arrested. Illegal assets worth €6 million as well as 1,411 tonnes of adulterated product with an estimated value of almost €5 million were seized.
Prime Minister: Lithuania welcomes steady and friendly relations with Denmark
Prime Minister Saulius Skvernelis has met with Dan Eddie Frederiksen, the Ambassador of the Kingdom of Denmark to Lithuania to thank him for his efforts and personal contribution to the development of the bilateral relations.
According to the Prime Minister, Lithuania is pleased with the steady, close and friendly relations and is ready to take them further with the new Denmark’s Government that took office just a week ago.
Prime Minister: The bilateral cooperation between Lithuania and Romania is vibrant at all levels
Prime Minister Saulius Skvernelis has met with Romania’s Ambassador Dan Adrian Balanescu to thank him for his active efforts in strengthening cooperation between Lithuania and Romania.
Hungary follows Australian model in connection with illegal migration
The protection of borders and the fight against illegal migration are the most crucial issues of Western civilisation in the 21st century, and Hungary looks upon Australia as a model to be followed in the area of the measures it has implemented in connection with illegal immigration, said Balázs Orbán, the Parliamentary and Strategic State Secretary of the Prime Minister’s Office who spoke to the Hungarian news agency MTI by telephone during his visit to Australia.
State aid: Commission opens investigation into proposed public support for Peugeot plant in Spain
The European Commission has opened an in-depth investigation to assess whether Spain's plan to grant €20.7 million of public support to PSA for investing in its existing car plant in Vigo (Spain) is in line with EU rules on regional State aid.
Humanitarian aid: €7 million for disaster preparedness in Southern Africa and Indian Ocean region
As natural disasters threaten the most vulnerable people in the Southern Africa and Indian Ocean region, the EU is providing €7 million in humanitarian aid to increase the capacity of communities and authorities to prepare for and respond to disasters. This aid is in addition to the approximately €17 million in EU humanitarian assistance given this year to help people hit by cyclones Idai and Kenneth in Mozambique, Zimbabwe, Malawi and Comoros, and people affected by food shortages in Zimbabwe.
Fair Taxation: New EU-wide system to resolve tax disputes between Member States applies from today
New EU rules come into force today to ensure quicker and more effective resolution of tax disputes between Member States, making life easier and offering much more tax certainty for businesses and individuals experiencing double taxation issues.
International Aviation Recruitment Consultancy Qualitair To Open Business Hub In Malta
The new base aims to take advantage of the growth of Malta as a transport hub.
Qualitair, an International aviation recruitment consultancy, is landing in Malta, with a new office based in Malta International Airport. Qualitair Malta will be supplying technicians to the aircraft maintenance, repair and overhaul sector, and following the Malta launch, is also set to start supplying airlines with crew and the airport with ground.
Air Malta Filed For Injunction Against Pilots' Union Following Industrial Action
The union of pilots, ALPA, actioned a 30 minute delay on flights from today in response to unresolved issues with the national carrier and Government.
Air Malta flights were delayed by 30 minutes from this morning as pilots took industrial action, following the absence of an agreement with Government, Air Malta’s major shareholder, over their retirement package.
1 July VAT regime for vouchers changed
On May 30, the Saeima has adopted amendments to the Value Added Tax (VAT) Law, which will come into force on 1 July. The amendment introduces a framework for uniform and unambiguous application of VAT to vouchers in the European Union (EU), thus complying with Directive 2006/112 / EC of the EU Council of 27 June 2016 on the rules applicable to vouchers. , requirements.
Maltapost Outlines Eseller Success For Online Retailers
MaltaPost’s recently-unveiled eSeller platform for business has given local companies the chance to substantially boost their online sales, with some indicating that their international orders have doubled, if not tripled, since the facility was introduced.
Evaluation of the EU's Employment and Social Innovation Program confirms its added value
A mid-term evaluation by the Commission confirms the success of the EU program for Employment and Social Innovation (EaSI) in the current and future challenges related to the world of work. The evaluation reportpublished today demonstrates that the program helps to find solutions by providing support to vulnerable groups, young people, long-term unemployed
Juncker Small and medium-sized support plan businesses in Italy with € 330 million in financing
The Juncker Plan's European Fund for Strategic Investments is backing an agreement signed today in Italy. The deal is between the European Investment Bank (EIB) Group and Italian bank Banco BPM, to provide € 330 million in financing to small and medium sized businesses and mid-cap companies in the industrial, agricultural, tourism and services sectors. Jyrki Katainen , European Commission Vice-President for Jobs, Growth, Investment and Competitiveness, said: "The financing agreement signed today between the EIB Gro
EU mobilises €21 million to support Palestine refugees via the UN Relief and Works Agency
The European Commission will mobilise additional €21 million for the United Nations Relief and Works Agency (UNRWA) on top of €82 million already paid into the programme budget this year to support vulnerable Palestine Refugees in the Middle East.
State aid: Commission invites comments on simplified rules for State aid combined with EU support
The European Commission is inviting Member States and other stakeholders to comment on its proposal to exempt from prior Commission scrutiny under EU State aid rules aid granted through national funds for projects supported under certain EU centrally managed programmes.
Mergers: Commission fines Canon €28 million for partially implementing its acquisition of Toshiba Medical Systems Corporation before notification and merger control approval
The European Commission has fined Canon, the Japan-based imaging and optical products manufacturer, €28 million for implementing its acquisition of Toshiba Medical Systems Corporation (TMSC) before notification to and approval by the Commission, in breach of EU Merger control rules.
J. Pūce: In order to spend public money more efficiently, the development of the State Information Systems should be managed in a unified environment
Continuing to improve the management of state information and communication technologies, the Ministry of Environmental Protection and Regional Development (MEPRD) has prepared amendments to the State Information Systems Law to implement the State Information Resources, System and Interoperability Information System (VIRSIS).
The government supports the reform of the juvenile criminal responsibility planned by the MoJ
On Tuesday, June 25, the government supported amendments to the Criminal Law and Criminal Procedure Law by the Ministry of Justice, which aims to reduce the number of minors subject to the traditional system of criminal responsibility, namely to promote their re-socialization.
TM encourages a comprehensive audit of financial crime investigation and prosecution
On Tuesday, June 25, the Cabinet of Ministers endorsed an informative report from the Ministry of Justice calling for an audit to assess the factors that have a negative impact on effective criminal proceedings on economic and financial crime.
The MoI invited the Cabinet of Ministers to decide on sending an invitation to the State Audit Office (SAO) asking it to carry out an appropriate audit and to make recommendations for improving the situation.
BOV Issues Warning Of Suspicious Activity Through Its Internet Banking Service
Customers are receiving messages with false information in an attempt to capture their internet banking details
Bank of Valletta has issued a warning to its customers about deceiving messages (SMSs) which are being sent to clients, saying that suspicious activity has been noted on their Internet Banking and redirecting them to a false website, purportedly originating from the bank, to capture their internet banking details.
Critical Infrastructure Research in the Baltic States and Norway is planned
On Tuesday, June 25, the Cabinet of Ministers reviewed the informative report prepared by the Ministry of Finance on the proposal of the European Economic Area and Norwegian Financial Mechanism 2014-2021 bilateral cooperation fund initiative.