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The Malta Fiscal Advisory Council (MFAC) has released its second annual report. In his statement, the MFAC chairman noted that, in its second year of operations, the institution strengthened its organisational structure, established a regular publications timetable and gradually expanded its visibility. He highlighted that “sound fiscal policy is critically dependent on ...

Malta's presidency of the European Union said today the bloc should slow down its drive against corporate tax avoidance because it might hurt Europe's economy by increasing legal uncertainty. Following recent revelations, such as the Panama Papers, of tax evasion and reduction by big corporations and wealthy individuals, the European Commission ...

Updated at 5.15pm with PN's reply to PL statement Marlene Farrugia's Partit Demokratiku has agreed to contest the upcoming general election under the Nationalist Party banner on ballot papers, but its candidates will distinguish themselves as pertaining to the 'Orange Party'. Final discussions are being held and constitutional advice is being sought to ...

‘America First’ president suddenly dons uniform of world’s policeman

Eurogroup Chairperson Jeroen Dijsselbloem said that Greece and its creditors have reached a positive agreement, which he called very “good news”, this morning in Malta.Mr Dijsselbloem was addressing a press conference following a Eurogroup meeting. It was said that representatives of creditors will be going back to Greece at the ...

A 31-year-old Romanian tourist who was knocked into the River Thames from Westminster Bridge during an attack on Britain's Houses of Parliament more than two weeks ago has died, London police said Friday.Andreea Cristea was rescued from the cold river after the attack, in which a man identified as Khalid ...

As from today, the Maltese immigration authorities will be implementing systematic checks on all EU citizens, including Maltese nationals, entering Malta from airports and seaports outside the Schengen area, or leaving Malta towards such destinations, the Home Affairs Ministry said in a statement this evening.These checks, it said, are being ...

Finance Minister Edward Scicluna said that the EU Economic and Financial affairs Ministers, together with EU institution financial leaders have prioritised the problem of non-performing loans across the EU.A non-performing loan (NPL) is when an individual is defaulting on their loans with the bank, in effect not making the necessary ...

The Government of Malta expresses its full support to the Declaration made by EU High Representative Federica Mogherini earlier today on behalf of the EU following the latest developments in Syria.The Ministry for Foreign Affairs recalls that it had also issued a Statement in the immediate aftermath of the reported ...

The Partit Demokratiku candidates will be contesting under the PN's banner in the coming elections, PD Leader Marlene Farrugia told The Malta Independent.The reason why the PD will fall under the PN banner, she said, is as current electoral law does not allow for coalitions to share votes, and thus ...