The European Commission welcomes today's vote in the European...
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Government anticipates payment in all six of Vieira da Silva's paintings
The Government anticipated the full payment - € 5.55 million - of six paintings by the painter Maria Helena Vieira da Silva, one of the most prestigious Portuguese artists of the 20th century.
Six Factors That Will Have An Impact On Malta's Economy In 2018
A closer look at key issues that will affect Malta’s economic performance in 2018.
1. Business confidence
Prime Minister Maris Kucinskis congratulations on the New Year
Good evening, dear compatriots!
The weather does not listen to anyone and it's almost always a hurry, and this year is no exception. And we have lived a good year. One of my colleagues advised me to call it even a year of a breakthrough or a breakthrough, - I think it's not yet worthwhile to come up with a variety of emotional epithets; and even their time will come to them.
Clear procedure for applying the PIT law from next year
On Tuesday, December 19, the Cabinet of Ministers (CM) examined amendments to the Cabinet of Ministers Regulations (hereinafter - draft regulations) prepared by the Ministry of Finance (FM) on the procedure for the application of the norms of the Law "On Personal Income Tax" (hereinafter - the Law).
In 2018, the revenue from the Municipal Finance Equity Fund is planned to be EUR 163.7 million
On Tuesday, December 19, the Cabinet of Ministers reviewed the draft regulations prepared by the Ministry of Finance (FM) on the revenue of the local government financial equalization fund and the procedure for their distribution in 2018. According to the calculations made by the MoF, the revenue from the local government financial equalization fund in 2018 is planned to be EUR 163.70 million, of which the state budget subsidy is EUR 35.82 million, and the municipal contribution is EUR 127.88 million. The calculati
World Bank experts will help the SRS to make tax collection more efficient
On Monday, December 18, Dana Reizniece-Ozola, Minister of Finance, met with representatives of the World Bank (WB) to launch a European Commission (EC) support project that would improve the analytical capacity of the State Revenue Service (SRS) for more effective tax collection. The project aims at strengthening the capacity of the tax administration by providing support for improving tax revenue and implementing medium-term fiscal policy guidelines. The project is fully funded by the EC.
State aid: Commission approves introduction of tradable phosphate rights for dairy cattle in the Netherlands
The European Commission has approved under EU State aid rules a trading system for phosphate rights for dairy cattle in the Netherlands. The measure aims to improve water quality in the Netherlands by limiting phosphate production from dairy cattle manure and promote a shift to land-based farming.
Given the high density of dairy cattle in the Netherlands, the phosphate contained in dairy cattle manure represents a significant environmental concern, as this can pollute ground and surface water.
State aid: Commission approves the Maltese tonnage tax scheme subject to commitments
The European Commission has conditionally approved under EU State aid rules the Maltese tonnage tax scheme for a period of 10 years. The scheme will ensure a level playing field between Maltese and other European shipping companies, and will encourage ship registration in Europe.
State Aid: Commission approves Irish support scheme for SMEs
The European Commission has approved under EU State aid rules an Irish scheme to reduce the taxation of employee share options for SMEs. The scheme will allow small and medium-sized companies to recruit and retain employees without unduly distorting competition in the Single Market.
Low Trust In Politicians Affecting Malta's Ranking On Global Competitiveness Index
Much of this drop can be traced to results issued in the reports published over the past two years.
Malta’s ranking in the Ethics and Corruption category of the World Economic Forum’s Global Competitiveness Index (GCI) has dropped from 39th to 46th place over the period 2010-2017, mainly due to a substantial deterioration in performance on the indicator measuring public trust in politicians, according to Thierry Geiger, the Head of Analytics and Quantitative Research at the Forum.
Circle: The progress of Brexit's further talks will depend on respect for existing agreements
Belgium, Brussels, December 15, 2017 - According to Prime Minister Jüri Ratas, the European Union and the United Kingdom today have made a major step forward in clarifying the uncertainty that followed the Brexi referendum.
Premier Babiš discussed the future of the Euro Area and Brexit progress with European statesmen
The second day of the European Council meeting hosted a Eurosummit and negotiations of 27 Member States about Brexit. European statesmen discussed the future of the Economic and Monetary Union. In the afternoon meeting, EU27 leaders agreed on a sufficient progress in Brexit negotiations and pushed the process to the next stage.
Prime Minister Ratas will participate in the European Council and in the debate on the future of the euro area and Brexit
Tallinn, Stenbock House, December 14, 2017 - Prime Minister Jüri Ratas will travel to Brussels today to attend the last European Council Presidency of the Council of the European Union, the European Heads of State or Government.
Circle of Presidency's digital outcomes: ultra-fast Internet connection, simpler and fairer tax system, more choice in online stores
Today Prime Minister Jüri Ratas highlighted the 5G high-speed Internet connection that brings people's Internet of Things to the Internet and self-driving vehicles today in Brussels, according to the digital presidency of the Estonian Council of the European Union.
Joint statement by Commissioner Věra Jourová and Haruhi Kumazawa, Commissioner of the Personal Information Protection on the state of play of the dialogue on data protection
Joint statement by Věra Jourová, Commissioner for Justice, Consumers and Gender Equality of the European Commission and Haruhi Kumazawa, Commissioner of the Personal Information Protection Commission of Japan
EU supports Niger with development assistance of €1 billion by 2020
Overall EU development assistance to Niger will amount to €1 billion for the period 2017-2020. This was announced by Commissioner for International Cooperation and Development Neven Mimica at the Donors' Round Table for Niger in Paris. At this occasion, Commissioner Mimica stressed: "The European Union continues to stand by Niger and to help to tackle key development and security challenges.
Already €278 billion delivered to Europe's real economy under the European Structural and Investment Funds
A new report published today highlights what the five EU funds have achieved since the beginning of the funding period, as the implementation of the 2014-2020 programmes has now reached full speed.
By October 2017, almost half of the European Structural and Investment (ESI) Funds' budget for 2014-2020 had been committed to concrete projects. By the end of 2016, almost 793,500 businesses had received support from the funds, creating an estimated 154,000 new jobs.
Facts And Figures About Economic Globalisation Patterns In EU Trade And Investment
Globalisation, which can be defined as an increasingly integrated world economy, includes movements of goods, services, people, capital and technology. It has an impact on businesses, governments and citizens, as globalised trade and investment notably changes our consumption and production patterns, triggers the transformation of labour markets, supports technology transfer as well as industrial restructuring. Statistics can help to better understand how significant these impacts are.
Commission gives new support to help industrial transition regions build resilient and low-carbon economies
Today the Commission is announcing which regions in industrial transition will benefit from tailored support under a new EU-funded pilot action.
#InvestEU: Commission and European Investment Bank Group welcome final adoption of extended and improved European Fund for Strategic Investments
European Parliament plenary vote marks green light for EFSI 2.0
Today Members of the European Parliament voted to adopt the Regulation to extend and enhance the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe. This successful final step follows the agreement in principle reached by the European Parliament and Member States on 13 September.
Banking regulation: Commission welcomes Basel Committee's agreement on post-crisis reforms
The European Commission welcomes the agreement at the Basel Committee on Banking Supervision to further strengthen the international post-crisis rules for banks and sets out its approach to these new rules in the EU. This agreement is the result of a strategic review of those international reforms which was conducted by the Basel Committee with the aim of improving the balance between simplicity, comparability and risk sensitivity.
EU-Turkey High-level Economic Dialogue
The EU-Turkey High-Level Economic Dialogue is taking place today in Brussels, co-chaired by Commission Vice-President Jyrki Katainen,responsible for Jobs, Growth, Investment and Competitiveness, and Turkey's Deputy Prime Minister Mehmet Şimşek. The purpose of the Dialogue is to contribute to strengthening economic relations between the two partners, and to create a platform to bring business circles together.
EU and Japan finalise Economic Partnership Agreement
Trade Commissioner Cecilia Malmström and Japanese Foreign Minister Taro Kono today announced the successful conclusion of the final discussions on the EU-Japan Economic Partnership Agreement (EPA).
Building on the political agreement in principle reached during the EU-Japan Summit on 6 July 2017, negotiators from both sides have been tying up the last details in order to finish the legal text. This process is now finalised.
MALTA'S GDP IN 2017 Q3 UP BY 9.7 PER CENT
The Gross Domestic Product (GDP) for the third quarter of 2017 amounted to €2,829.6 million, an increase of €249.6 million or 9.7 per cent when compared to the corresponding period last year, according to the National Statistics Office (NSO). In real terms, GDP went up by 7.2 per cent.