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  • More rights for air passengers

    The rights currently enjoyed by air passengers and legal certainty for airline companies are both set to increase. With the European Parliament’s recent vote on a proposal to enhance existing rights, in force since 2005, the coming into force of...

  • The importance of independent directors

    Malta is a top domicile for investment manage­ment companies and collective investment schemes as a result of government efforts to attract this industry to the island. Recognised as the “most favoured domicile in Europe” in the 2013 rankings by...

  • Why we should value waste as a resource

    The decision to adopt a resource management approach in the recent government-approved Waste Management Plan for the Maltese islands 2014-2020 was taken by design. The ultimate objective is to achieve a zero waste scenario whereby waste can be...

  • UK economy faring better than expected

    With the UK general election still over a year away, the battle lines are already being drawn by the three major political parties. As is to be expected, the state of the economy as well as its future prospects will determine who will win the next...

  • Amend taxation to encourage giving

    Following the furore over the spirit of giving during the end-of-year festivities, philantropy subsides to its normal level. It cannot but be so, especially once magnificent peaks are reached as was done at the close of 2013, with a record...

  • Commission part of annual leave entitlement

    Every employee is entitled to annual leave, which is paid time-off work granted by the employer. Pursuant to the 2003 EU Directive on the Organisation of Working Time, member states must ensure that every worker benefits from paid annual leave of...

  • Driving home the structural reform of European banking

    As the mandate of the current European Commission winds down later on this year, the college of Commissioners is in the process of adopting its last legislative proposals. Chief among these are the proposals in the shape of a regulation – along...

  • Chief of staff: a role worth considering

    In political terms the idea of a chief of staff has long existed but in recent years the business world – especially in America – has borrowed the idea and we are now slowly but surely witnessing the introduction of a top-executive full-time...

  • Innovation at the crossroads

    In response to the ongoing impacts of the information revolution, knowledge has become the engine for social and economic growth in advanced and less advanced economies. Building an economy based on knowledge generation and innovation is a...

  • R&D, education and business

    Most business, education and political leaders agree that research and development is crucial to economic growth and job creation. What is less clear is what type of R&D a particular country needs and who should assume responsibility for...

  • Education: keystone to the future

    Education is one of the keystones both of society and the economy. The two are inextricably linked. Well-educated people provide the economy with the human resources that it requires to operate, invest and move forward. It also raises the level of...

  • Community trademarks: pushing the right button

    It is not any mark that a manufacturer places on goods that is capable of being given trademark protection, the General Court of the European Union has recently affirmed. Those marks that lack a distinctive character cannot be registered as a...

  • Malta 2017: what the European presidency means to business

    Preparations for Malta’s presidency of the Council of the European Union are well under way. In 2017, Malta will lead the Council for a six-month period, drawing up the Council’s agenda in accordance with an official pre-set work programme. The...

  • EU directive on trade secrets: an opportunity Malta should not miss

    Traditionally businesses treat physical assets as their most valuable. Intangible assets are, however, increasingly relevant. This is particularly true of intellectual property. The new challenge for businesses is keeping the ingredients that...

  • Political nightmares are haunting the EU

    Six years after the financial crisis, most economic analysts are cautiously optimistic about the growth prospects of the European Union. Financial markets have already factored in this change of mood despite the fact that unemployment remains...

  • Reason for being of rating agencies

    The major rating agencies have assumed a strong position in the financial world, both in regard to sovereign states as well as to the parastatal and corporate sectors. Their assessments are looked forward to with anticipation by lenders and with...

  • EU probing film, pay-TV licence deals

    Watching films through pay-TV services broadcast by satellite or streaming is becoming increasingly common. The system of pay-TV services in the world of movies operates via licensing arrangements entered into between US film studios and...

  • Why should we subsidise public transport?

    In one of its technical reports, the European Environment Agency estimates that, across the EU, road transport receives €125 billion in annual subsidies, most of which takes the form of infrastructure subsidies. For many this may not come as a...

  • The wheels on the bus go round and round…

    Far from the familiar nursery rhyme, the short-lived and unsuccessful Arriva story raises many questions and, hopefully, expert analysis can one day enlighten us on the matter. The large number of cars circulating on Malta’s roads is a clear...

  • Tackling cash flow problems: Prevention is better than cure

    Clichés describing the importance of cash flow in managing a business are numerous. A cash flow problem can easily lead to business failure and a poor cash flow situation can happen to a business with sales bursting through its roof. In Malta, we...

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