ECB lowers key interest rates by 25 basis points in response to inflation outlook
While inflation remains high, the ECB projects it will ease in the second half of next year
Malta and Greece fall behind in sanctioning Russian assets – report
Malta has frozen only €147,000 worth of Russian assets
Malta’s passport is the eighth most powerful in the world according to the Henley Index
Malta's citizenship-by-investment scheme continues to be heavily scrutinised by the EU Commission
Bank fined €310,217 by FIAU for breaching AML rules
The bank failed to properly understand ML/FT risks when it came to complex client structures
FIAU slaps €226,902 fine on investment services firm for breach in anti-money laundering rules
The FIAU intends to follow up with the company to ensure it is compliant with its obligations
Is Revolut OK?
The company behind the popular payment app has failed to file its 2021 financial statement...again
Russia bans oil exports to countries with a price cap
This move may result in increased pressure on public finances, which are subsidising energy bills
Russia primed to resume gas supplies to Europe through the Yamal-Europe pipeline
The pipeline is capable of discharging 33 billion cubic metres of liquefied natural gas per annum
Deficit shrinks as Government income recovers
Public expenditure increased, but it was offset by higher VAT, income tax and social security revenues
PG’s profit margins decline
Financial results of the first half of the year clearly demonstrate that the Group was heavily impacted by cost increases
Malta’s FATF grey list after-taste, six months on
Ease of doing business continues to be challenging
EU member states to implement 15% tax rate for largest companies
Malta has long held reservations about the deal however has agreed to see it through
Malta’s economy set to buck European downturn and grow by 3.7% in 2023
Unemployment set to decrease to 3% in 2023
Once again, the European Central Bank raises interest rates to fight inflation
Further interest rate increases are to be expected
Malta rises 27 places in Global Financial Index, up 67 points since March 2022
Malta ranks 67th out of 119 global financial centres
First-time buyers & low-income borrowers most vulnerable to higher interest rates
Malta's banks are well positioned in the event of a 1.5% interest rate hike