Invest In EU News

  • The United Kingdom is only leaving the EU, not Europe

     Szabolcs Takács, Minister of State for EU Affairs at the Prime Minister’s Office received Gary Campkin, Director for Policy and Strategy of the industry organisation TheCityUK on 16 November 2017. During the course of the meeting, the parties reviewed the latest developments related to Brexit and the Hungarian position concerning the exit negotiations, while they further covered the development of opportunities related to Hungarian-British bilateral relations after Britain’s departure from the EU.

  • The government supports the objectives of EU VAT reform, but takes a critical look at the model presented by the Commission

     he government supports the simplification of EU VAT law and considers it important to combat fraud. However, the tax model proposed by the EU Commission is problematic for the realization of these objectives.

    On 4 October, the EU Commission issued a communication and proposals for the reform of the EU VAT system. The aim of the reform is, among other things, to combat fraud and facilitate trade between the EU countries.

  • Green Logistics Organisation Expands to Denmark to Consolidate International Market Position

     In order to provide substance to their international ambition, the Dutch logistics company, Greenway Logistics, has decided to establish an office in Herning, Denmark. This decision will also further strengthen the company’s position in Scandinavia.

  • M. Kuchinsky will take part in the European Union Social Summit in Gothenburg

     Prime Minister Maris Kucinskis will stay in Gothenburg, Sweden, on Friday, November 17th, in order to participate in the European Union (EU) Social Summit for fair jobs and growth.

    At the summit, M. Kucinskis will go to Swedish Prime Minister Stefan Löfven and European Commission President Jean-Claude Juncker. 

  • Determines the list of supplies of goods subject to inverse or reverse charge VAT

     On Tuesday, November 14, the Cabinet of Ministers (CM) reviewed amendments prepared by the Ministry of Finance (FM) to apply the rules of the Value Added Tax Act and separate requirements for the payment and administration of value added tax (VAT). From January 1 next year, new sectors will be introduced to which reverse or VAT refund procedures will be applied, thus limiting the possibility of obtaining resources for envelope salaries, as well as reducing unfair competition in specific sectors and limiting the activities of taxpayers who are not taxable.

  • EU report: Evaluation of Ukrainian reforms shows considerable progress but need to accelerate implementation to reap full benefits

     A report produced by the European External Action Service and the European Commission highlights that Ukraine has pursued the implementation of a number of reforms identified in its Association Agenda in 2017, with several significant successes.

    Progress in other areas has been less forthcoming, with accelerated implementation needed to bring about real change for the Ukrainian people.

  • Computime Software Appoints Julian Sant Fournier To Drive Market Growth

     Mr Sant Fournier joins Computime Software with over 35 years’ experience in the Maltese software market, having held key positions with leading IT companies, and delivering numerous strategic custom and ERP software projects in Malta.

  • Commission reports on progress in Romania under the Co-operation and Verification Mechanism

     The European Commission issued today its latest report on steps taken by Romania to meet its commitments on judicial reform and the fight against corruption, in the context of the Cooperation and Verification Mechanism (CVM) set up when the country joined the European Union in 2007.

    Today's report looks concretely at the progress made to meet the 12 recommendations issued by the Commission in its January 2017 CVM Report.

  • RE/MAX Alliance Opens New Office In Swieqi

     The office forms part of the RE/MAX Alliance group, which already has offices located in Tigne, San Gwann, Mosta, St Julian’s and on The Strand.

    RE/MAX Malta recently announced that it has opened a new real estate office in the heart of Swieqi. Situated in Triq Il-Qasam, one of the main arteries of the town, the new franchise will provide a fully-comprehensive real estate service, including (but not limited to) property sales and letting in both the residential and commercial sectors.

  • Guidelines for central government debt management in 2018

     Today the Government adopted guidelines for the management of the central government debt. The maturity of the debt is extended slightly, which reduces the risk at a low cost. The steering of the composition of the debt is left unchanged.

    "The cost advantage of short-term borrowing has continued to decrease. This is the reason why we are extended the maturity of the central government debt further;" says Minister for Financial Markets and Consumer Affairs Per Bolund.

  • Sweden one of the initiators behind new international programme to support clean energy transitions in emerging economies

     with 12 other countries, has launched the Clean Energy Transitions Programme – a new International Energy Agency (IEA) programme to support clean energy transitions around the world. The programme will be an important part of enhanced international energy cooperation to implement the Paris Agreement.

  • Cruise tourism has enormous potential for the country's economic growth

     "Tourism today has a huge weight in our economic activity, but there is still a lot to give", representing 7% of GDP and 18% of exports, "which means that there is still potential to strengthen the weight of this sector", said First -Minister António Costa, at the inauguration of the cruise terminal in Lisbon, where the Minister of the Sea , Ana Paula Vitorino , was also present . 

  • Malta International Airport Achieves Another Record Summer

     Malta International Airport (MIA) saw 4,269,623 passenger movements this summer, an increase of more than 600,000 passenger movements over the same comparable period in 2016.

    “Last summer was our busiest yet on more levels than one,” MIA said in a statement. “Apart from our ongoing Terminal Reconfiguration Project, we hosted over 4 million passengers in a span of seven months, which highlights the fastest rate ever at which traffic through our airport has grown.”

  • EU Emissions Trading System: landmark agreement between Parliament and Council delivers on EU's commitment to turn Paris Agreement into reality

     Brussels, 9 November 2017

    The European Parliament and Council have today reached a provisional agreement to revise the EU Emissions Trading System (EU ETS) for the period after 2020. This revision will contribute to put the EU on track to achieving a significant part of its commitment under the Paris Agreement to reduce greenhouse gas emissions by at least 40% by 2030.

  • Mergers: Commission opens in-depth investigation into proposed acquisition of Ilva by ArcelorMittal

    The European Commission has opened an in-depth investigation to assess the proposed acquisition of Ilva by ArcelorMittal under the EU Merger Regulation. The Commission has concerns that the merger may reduce competition for a number of flat carbon steel products.

  • Malta Is Still One Of The EU'S Worst Performers In Terms Of Economic Equality

    The country's ranking of 93 out of 144 countries compares favourably with last year's 108, but all other European Union countries except Hungary, at 103rd, managed to do better.

    While progress in narrowing attainment gaps between men and women in Malta has been made, it remains the EU's second-worst performer in terms of gender equality, particularly when it comes to economic participation and opportunity, according to the 2017 Global Gender Gap Report.

  • Relationships with services supporting mothers' employment

     Family and Primary Education Minister Annika Saarikko suggests the possibility of combining the services of child support services for mothers with small children.

    Saarikko raised the issue at the opening of the Session on Tuesday 7.11. Helsinki.

  • Prime Minister Ratas will attend the Web Summit in Lisbon and meet with Portuguese Prime Minister António Costaga

     Tallinn, Stenbock House, 7 November 2017 - Today Prime Minister Jüri Ratas is heading to Lisbon, where he will attend the Web Summit of one of the world's largest technology conferences and will meet with Portuguese colleague António Costaga.

  • Streamlining The Process Of Doing Business In Europe

     While the EU offers countless international opportunities for business, navigating the laws of 28 different countries is often challenging, costly and time-consuming. The Your Europe business portal is hoping to change that.

  • Malta Is Still One Of The EU'S Worst Performers In Terms Of Economic Equality

     The country's ranking of 93 out of 144 countries compares favourably with last year's 108, but all other European Union countries except Hungary, at 103rd, managed to do better.

    While progress in narrowing attainment gaps between men and women in Malta has been made, it remains the EU's second-worst performer in terms of gender equality, particularly when it comes to economic participation and opportunity, according to the 2017 Global Gender Gap Report.

  • State aid: Commission approves Belgian tax measures for maritime transport

     The European Commission has approved under EU State aid rules the prolongation until end 2022 of various Belgian support measures for maritime transport. The scheme encourages shipping companies to register their ships in Europe and so ensure higher social, environmental and safety standards.

    Belgium has also committed to a number of changes to its scheme to prevent any discrimination between shipping companies and registries of different European Economic Area (EEA) States and to avoid undue competition distortions.

  • Reformation has changed our world

     The Reformation proved to be a world-shaping force within just a few lifetimes, and has changed human civilisation once and for all, the Minister heading the Prime Minister’s Office said on Sunday in Makó, taking the view that faith and tradition can be the solution to today’s challenges as well.

  • Most Maltese Businesses Have No Idea How Much They're Paying For Telephony And Internet

     The Business Perceptions Survey for the period December 2016 – March 2017 showed that respondents generally showed a lack of awareness as to their monthly expenditures on the products and services purchased from local service providers.

    Most local business owners lack awareness of how much they’re spending on electronic communications services, according to a survey carried out by the Malta Communications Authority (MCA).

  • High-level conference to boost investment in clean energy transition

     Significant investment is needed in the energy sector to help the EU achieve its ambitious climate change targets, which were agreed as part of the Paris Agreement. The EU has committed to cut CO2 emissions by at least 40% by 2030 while modernising its economy and creating jobs and economic growth for all European citizens. The European Commission wants to keep the European Union competitive as the clean energy transition is changing the global energy markets.

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