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 second worst hit in EU by immediate impact of COVID-19, EU data shows
First estimates indicate that EU GDP for 2020 fell by 6.8%
Undeterred by COVID uncertainty, Malta registered over 3,000 new companies in 2020
Meanwhile, the clean up of the Malta Business Registry resulted in over 13,000 companies being struck off
Foreign Direct Investment increases by €72.4 million in first half of 2020 despite pandemic woes
FDI for the first half of 2020 reached €1.7 billion in the period under review
Moody’s gives stable rating to Malta’s economy, predicts post-pandemic recovery
Credit rating agency presents optimistic outlook for Malta
Pandemic restraint may lead to an economy flush with cash – and opportunity
Despite last year’s economic woes, deposits increased by over €1bn, setting the stage for a rally in the capital market
‘Malta needs to be nimble, agile, and responsive to ensure that Brexit opportunities materialise’
Economist Stephani Fabri discusses how Malta could appeal to British financial service operators post-Brexit
Year-on-year increase by 1,123 persons in December 2020 unemployment register
This tallies with a year-on-year unemployment rate increase of 0.9 percentage points
Finance Minister to appoint board of experts to evaluate FIAU and MFSA operations
Heavy fines, long reviews to be assessed after complaints about the regulators' 'heavy-handedness'
Central Bank of Malta welcomes Eurosystem common stance for climate change-related investments
Eurosystem common stance agreed to encourage sustainable investment
Revolut to provide online payment solution to Maltese businesses
Businesses will be able to accept payments and manage their finances from one place
BOV continues Deiulemar case defence as ECHR rules application ‘inadmissible’
Creditors for the scandal-ridden Deiulemar Group are claiming €363 million from the bank
BOV’s USD correspondence relationship extended through Raiffeisen Bank
In October, Raiffeisen Bank said it was seeking to terminate the US dollar correspondence relationship from 31st March 2021
MFSA identifies operational shortcomings, maps out improvements for ICT & cybersecurity practices
New MFSA document reveals a number of its recommendations are not being followed
Counterfeit banknotes seized in Malta at lowest ever level
Only 480 counterfeit banknotes were reported locally in 2020
Can payment services providers replace B2C banking business?
Revolut and PayPal may have joined VISA and Mastercard in dominating the market, but can they replace banks entirely?