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  • Central Bank issues limited set of euro coins

    Central Bank issues limited set of euro coins

    The Central Bank of Malta has issued a new euro coin set in an uncirculated version. The set consists of the eight Maltese euro coins as well as a €2 coin, depicting the prehistoric temples of Ta’ Ħaġrat. The latter is the fourth in a series of...

  • A decade after Spain’s financial crisis

    A decade after Spain’s financial crisis

    It has been just over a decade since the beginning of the Spanish financial crisis. Enough time has passed to enable one to analyse objectively whether the changes undertaken by the Spanish government and institutions are producing the desired...

  • CSR efforts for World Autism Awareness month

    As part of their ongoing commitment to corporate social responsibility, six employees from Mapfre Group teamed up with Inspire Foundation by helping out with the STAR 25 Programme. This initiative was carried out in support of the cause pertaining...

  • Emirates Group announces 2018-19 results

    The Emirates Group has announced its 31st consecutive year of profit and steady business expansion. In the 2018-19 report, the Emirates Group posted a profit of AED 2.3 billion (US$ 631 million) for the financial year ended March 31, down 44 per...

  • Shipping movements - May 13, 2019

    The following ships are expected in Malta: The Nicola from Tunis to Tripoli (CMA CGM Malta Agency Ltd), the MV Euroferry Olympia from Salerno to Salerno and the MV Eurocargo Genova from Genoa to Livorno (Sullivan Maritime Ltd) today. The JSP...

  • Learning the new norm

    Gone are the days when opening an account at a bank or buying an investment were straightforward tasks that took no more than a small effort to fill a single form with your name, address, ID and you’re done.  Today the task requires that you hand...

  • Banks battling money laundering

    The financial services sector in Malta has grown exponentially over the past 15 years. Malta’s economy is one of the most dynamic in the EU having maintained steady growth over recent years and has continued to outperform that of many of its...

  • How far is the next recession?

    How far is the next recession?

    Since the turn of the year, economic momentum across the globe has continued to fade and concerns about a slowing global economy started to emerge. Following a series of downbeat data, the Fed was pushed to pause on interest-rate hikes this year...

  • Making a success of EU membership: 15 years on

    Membership of the European Union was possibly the most divisive political question since our Independence. Once the decision was taken, Malta embarked on a process which saw us officially join the ranks of fully integrated members of the EU some...

  • Malta’s blockchain, AI loss is Estonian and Swiss gain

    Malta’s blockchain, AI loss is Estonian and Swiss gain

    While blockchain operators struggle to open bank accounts in Malta, Estonia and Switzerland are forging ahead and attracting business, the organiser of the Malta Blockchain Summit has warned. “The hype about Malta as the Blockchain Island peaked...

  • Index breaks positive streak

    Index breaks positive streak

    The MSE Equity Total Return Index traded in negative territory following a three-week positive streak, as it lost 0.6 per cent to close at 9,623.094 points. Performance in the equity market were mixed as from the 20 active equities, gainers...

  • European Commission cuts eurozone growth forecast

    The European Commission cut its growth forecasts for the eurozone and slashed its outlook for Germany. At the same time it warned that escalating trade tensions threaten to make the outlook even worse. The report projects that GDP in the 19-member...

  • Disclaimer - May 12, 2019

    The information published in this page is intended for information purposes only. Any legal claim or action taken in the event of a dispute should be based solely on the legal texts concerned. For more information, call the Office for Consumer...

  • Gift vouchers: rights and responsibilities

    Very often when we need to buy gifts and we do not have time to shop around or do not have a clue what to buy, we go for gift vouchers, leaving it up to the receivers of the gifts to choose what they want. To avoid wasting our money on unusable...

  • Weekly advice - May 12, 2019

    • Gift vouchers usually come with terms and conditions of use which should be clearly written on them. • Special attention should be given to the voucher’s expiry date. • Sellers are not obliged to let consumers use expired vouchers or to replace...

  • Shireburn Indigo payroll reaches 60,000 users locally

    Shireburn Software announced that its cloud payroll and attendance management solution, Shireburn Indigo, has grown to 60,000 employees following its launch in 2015. Shireburn Indigo is an innovative web-based payroll and time and attendance...

  • Securitisation: status check

    Securitisation is a financing technique that enables credit institutions and other lenders to refinance their credit portfolios by transforming their otherwise illiquid assets into tradeable securities. Soundly structured securitisation is...

  • McDonald’s licencee posts €23m profit

    Premier Capital plc, the Maltese-owned Developmental Licencee for McDonald’s in six European markets, has posted a pre-tax profit of €23 million for the year ended December 31, 2018, up from €20 million in 2017. Last year, the group registered an...

  • The man behind it all

    The man behind it all

    What all began half a century ago with just one man has turned into not only a successful family business but a leading real estate agency in Malta. Frank Salt recounts his story. Over the years, the team at Frank Salt Real Estate has witnessed...

  • Relevant VAT developments

    With regards to the small traders’ registration threshold, Maltese established taxable persons may opt for a simpler method commonly known as ‘Exempt Persons’. Essentially, even though they are required to be registered for VAT purposes they will...