The recent Covid pandemic has brought the world’s economy to an unprecedented slowdown, only coming close to the great depression of the 1920s. Due to the push towards social distancing which has led to the reduced operation of some businesses, with many having to adapt. Therefore, the...
Read MoreThe 2020 Budget was mostly devoid of radical change. It instead focused on continuing the overlying trend of the former budgets in pursuit of economic growth and expanding social welfare efforts. There was no increase in taxes for the third year in a row as...
Read MoreThe 2016 budget presented in parliament by the Minister of Finance Dr.Edward Scicluna is a very similar budget to the previous budget presented in parliament (budget 2015). This budget seeks to continue to promote economic growth on the Maltese islands. In fact the 2016 budget...
Read MoreRecently the Greek parliament managed to pass the second round of austerity reforms. These reforms need to be fully passed for Greece to acquire €86 billion in bailout money. This is due to the European member states (and Germany in particular) driving a hard bargain...
Read MoreDuring 2015 the economy has grown by an average of 4% In April 2015 the unemployment rate was at an all time low 5.7% compared to 5.82% in the last quarter of 2014. The Maltese unemployment rate is much less than the EU average which is held at 9.6%...
Read MoreAn increase in excise duty on cigarettes, tobacco, fuel, cement, alcoholic drinks and beer. An increase of one cent excise duty on fuel shall be introduced in January 2014. An introduction of a refund on expenses on banderoles. An increase in car licence fees in respect of vehicles...
Read MoreReduction in water and electricity tariffs from 25% to 5% as from March 2014. Reduction in tariffs for commercial entities as from 2015. Stability in the prices of petrol, diesel and gas up to December 2013, and in the case of diesel, the prices shall remain unchanged...
Read MoreFormation and set-up of the Jobs committee and allocation of €8.3 million for the running of the Employment Training Corporation (ETC). Investment of €3.8 million to offer free child care centre services for employed parents or single parents who are employed. New service whereby parents may leave their...
Read MoreA pilot project to start introducing tablets in schools A sabbatical paid year for teachers in which they can improve their skills Stipends will be increased in line with the COLA increase and will also be provided for those who repeat a year. Investment of more than €72 million...
Read MoreLaunch of the Individual Investor Programme, a citizenship programme. Allocation the sum of €14.9 million to the Malta Enterprise for the promotion of private, local and foreign investment. Allocation of €38.5 million to the Malta Tourism Authority, an increase of 4%. Amendment of the Micro Invest scheme, whereby small...
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