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News

Malta Budget 2019

Below are the salient points of the Malta Budget for 2019, which was presented to the House of Representatives by the Hon. Prof. Edward Scicluna, Minister of Finance, on 22 November 2018.Economic PerformanceMalta registered the highest fiscal surplus in the EU – Malta registered a surplus of €392.7 million, equivalent to 3.5% of GDP in 2017. Government debt has been reduced to 47% of GDP.Economic growth – Malta registered an economic growth of 5.4% in the first 6 months of 2018.Unemployment rate – Malta registered a record unemployment rate of 3.8%.Cost of living – The Minister announced that the cost…
MamoTCV Advocates
23rd October 2018
News_Budget.jpg
News

Malta Budget 2019

Below are the salient points of the Malta Budget for 2019, which was presented to the House of Representatives by the Hon. Prof. Edward Scicluna, Minister of Finance, on 22 November 2018.Economic PerformanceMalta registered the highest fiscal surplus in the EU – Malta registered a surplus of €392.7 million, equivalent to 3.5% of GDP in 2017. Government debt has been reduced to 47% of GDP.Economic growth – Malta registered an economic growth of 5.4% in the first 6 months of 2018.Unemployment rate – Malta registered a record unemployment rate of 3.8%.Cost of living – The Minister announced that the cost…
MamoTCV Advocates
23rd October 2018
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News

Getting the Deal Through: Dispute Resolution 2018

Following last year's participation in the online issue of "Dispute Resolution", an annual comparative law guide published by Getting the Deal Through, Mamo TCV was invited to contribute the Malta chapter to both the printed and online 2018 editions of this publication.Getting the Deal Through was the first legal series to present the concept of a "question and answer format", a particularly convenient way to compare how different jurisdictions regulate the same practice area. The guides are particularly useful for law firms, universities, regulators, and corporate counsel as a reliable introduction to various subject matters. The series now covers 109…
Joseph Camilleri
2nd October 2018
News_Dispute_Res.png
News

Getting the Deal Through: Dispute Resolution 2018

Following last year's participation in the online issue of "Dispute Resolution", an annual comparative law guide published by Getting the Deal Through, Mamo TCV was invited to contribute the Malta chapter to both the printed and online 2018 editions of this publication.Getting the Deal Through was the first legal series to present the concept of a "question and answer format", a particularly convenient way to compare how different jurisdictions regulate the same practice area. The guides are particularly useful for law firms, universities, regulators, and corporate counsel as a reliable introduction to various subject matters. The series now covers 109…
Joseph Camilleri
2nd October 2018
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Banking & FinanceNews

MFSA Issues Guidance on the Charging of Negative Interest

The MFSA has issued a circular addressed to credit institutions licensed in terms of the Banking Act, 1994, whereby, following consultation with the Central Bank of Malta, it expressly prohibits the imposition of negative interest rates on Euro denominated deposits. This stops any emerging practice that may have been recently witnessed in the local banking sector.Credit institutions who have already entered into agreements entailing such negative interest rates, need to rectify their position within a 3-month transition period. Subject to certain conditions, a maintenance fee may be charged in case of excessively high balances.Click here to access The Circular. Disclaimer This document…
Roberta Peresso
28th September 2018
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Banking & FinanceNews

MFSA Issues Guidance on the Charging of Negative Interest

The MFSA has issued a circular addressed to credit institutions licensed in terms of the Banking Act, 1994, whereby, following consultation with the Central Bank of Malta, it expressly prohibits the imposition of negative interest rates on Euro denominated deposits. This stops any emerging practice that may have been recently witnessed in the local banking sector.Credit institutions who have already entered into agreements entailing such negative interest rates, need to rectify their position within a 3-month transition period. Subject to certain conditions, a maintenance fee may be charged in case of excessively high balances.Click here to access The Circular. Disclaimer This document…
Roberta Peresso
28th September 2018