Trade Finance

Malta and China register 9.7% year on year trade growth

Feb 2nd, 2010 | By maltainc | Category: Trade Finance

Malta and China registered 9.7 per cent year on year trade growth. This was the only positive growth between China and EU27 countries, said the Commerce Vice-Minister of The People’s Republic of China, Mr Zhong Shan.
Mr Zhong Shan was yesterday in Malta for a 30-hour visit during which he discussed progress in the field of [...]



Malta and Jersey sign double taxation agreement

Jan 28th, 2010 | By maltainc | Category: Malta's competitive advantage, Taxation, Trade Finance

Malta and Jersey have signed a double taxation avoidance agreement.
The agreement was signed by Maltese High Commissioner Joseph Zammit Tabona and Chief Minister Terry Le Sueur. The signing ceremony took place at the Malta High Commission, London.  Mr Zammit Tabona said the agreement was instrumental for trade relations to be strengthened further. He added that trade delegations [...]



MoU between Malta and China expected to boost financial services

Jan 22nd, 2010 | By maltainc | Category: Foreign Investment, Services to facilitate business, Top Story, Tourism industry, Trade Finance

A Memorandum of Understanding between the MFSA and the China Securities Regulation Commission – which will open up Malta’s financial services sector to one of the world’s largest pools of private capital – is expected to be signed soon, The Times Business has learnt.
The signing of the MoU is the result of negotiations which began in 2008 and [...]



Malta Enterprise announces over €12 Million in grants for enterprise

Jan 21st, 2010 | By maltainc | Category: Economics, Foreign Investment, Information Communication Technology, Malta's competitive advantage, Scientific projects in Malta, Services to facilitate business, Software industry, Trade Finance

Following the success of the first two calls for projects to be funded under the European Regional Development Fund (ERDF) schemes Malta Enterprise is today issuing another €12.7 Million by opening up a third call for its seven ERDF Scheme.
This intended to co-finance projects relating to International Competitiveness, Business Start-ups, Innovation, Environment, Research & Development (R&D), e-Business, and [...]



Fitch Affirms BOV at ‘A-’, outlook stable

Jan 21st, 2010 | By maltainc | Category: Banking, Economics, Financial Services, Malta's competitive advantage, Services to facilitate business, Trade Finance

Fitch Ratings has affirmed Bank of Valletta’s long-term issuer default rating at ‘A-’ with a stable outlook.
Fitch simultaneously affirmed BOV’s short-term IDR at ‘F2′, Individual Rating at ‘C’, Support Rating at ‘2′ and Support Rating Floor at ‘BBB+’.  Fitch said that the ratings reflected BOV’s conservative management, satisfactory liquidity and healthy capital ratios. They also factor in [...]



Malta-Belgium double taxation agreement amended

Jan 21st, 2010 | By maltainc | Category: Economics, Services to facilitate business, Taxation, Trade Finance

Maltese Finance Minister Tonio Fenech and his Belgian counterpart, Didier Reynders, have signed an agreement to amend the existing double taxation agreement between the 2 countries.  The amendment seeks to bring the agreement’s provisions on the exchange of information in line with internationally agreed standards. The original agreement was reached in 1974, and was amended in 1993.
Mr [...]