Category: Financial News

25 Jun, 2009

Balance of Payments deficit up €156 million in 1st Quarter

Early indicators on the Balance of Payments statement of Malta for the first quarter of 2009 show a deterioration in the current account balance of €156.0 million, from a net deficit of €33.8 million to a net deficit of €189.8 million

Malta must bring excessive deficit under control by 2010 - EU Commission

Financial News

24 Jun, 2009

Malta must bring excessive deficit under control by 2010 – EU Commission

Following the submission of data by the Maltese authorities showing a deficit of 4.7% of GDP in 2008, the EU Commission adopted on 13 May a report under Article 104(3) of the Treaty as a first step

Malta's tax increases amongst the highest in Europe

Financial News

22 Jun, 2009

Malta’s tax increases amongst the highest in Europe

The overall tax-to-GDP ratio in the EU27 was 39.8% in 2007, a slight increase from 39.7% in 2006. The EU27 tax ratio, which stood at 40.6% in 2000, fell to 38.9% by 2004 and then started to rise.

The overall tax ratio in the euro area

Retail Price Index remained at 118.65 in May

Financial News

22 Jun, 2009

Retail Price Index remained at 118.65 in May

In May, the Retail Price Index remained the same as in April 2009, at 118.65. An increase of 1.09 per cent in the Clothing and Footwear Index was registered, mainly due to price rises in garments and footwear. The Housing Index went up by 0.14%

Harmonised Index of Consumer Prices up 0.2%

Financial News

16 Jun, 2009

Harmonised Index of Consumer Prices up 0.2%

In May 2009, the Harmonised Index of Consumer Prices went up by 0.2 per cent over the previous month. This primarily reflected an increase of 1.1 per cent in the Clothing and Footwear Index, mainly due to seasonal price rises

Retirement ‘perfect storm’ looms for unprepared world – HSBC

Financial News

13 Jun, 2009

Retirement ‘perfect storm’ looms for unprepared world – HSBC

HSBC Insurance revealed after a global survey, that a ‘perfect storm’ of demographic, individual and financial elements is poised to derail people’s retirement plans unless they prepare properly now.