Germany’s economy will gradually recover after an historic slump due to the coronavirus pandemic and will likely return to last year’s level at the end … Read more
UNICEF Cryptocurrency Fund announces its largest investment of startups in developing and emerging economies
Eight technology companies in developing and emerging economies will receive investment from the UNICEF Cryptocurrency Fund (CryptoFund) to solve local and global challenges.
Finance Minister, Edward Scicluna, said that all workers will receive a cheque of between €40 and €68, with persons who earn the least are to … Read more
Malta has been classified as one of four European Union countries with the biggest advance in the digital economy and the society index over the … Read more
The Austrian government intends to make one-off payments to jobless people and boost spending on families with children as part of measures this year to … Read more
Europeans have begun to return to work, shopping and dining out, suggesting the worst of the economic damage inflicted by coronavirus pandemic lockdowns has passed, … Read more
Portugal’s tourism-dependent economy is expected to shrink by nearly 7% this year due to the effects of the coronavirus outbreak, the government said in its … Read more
Half of companies in Germany postponed investments in May while 28% cancelled investment projects completely as the coronavirus pandemic takes its toll, a survey by … Read more
More than 6.32 million people have been reported infected with the coronavirus globally and 376,283 have died, a Reuters tally showed by 2100 GMT on … Read more
British manufacturers saw another sharp downturn in May but the pace of the slump eased off from April’s record fall as the coronavirus shutdown brought … Read more
France’s manufacturing activity rose in May as the country began to emerge from a nearly two-month coronavirus lockdown, pulling the sector out of a nosedive … Read more
Germany’s manufacturing sector continued to contract in May as factories facing weak demand because of the coronavirus pandemic laid off staff, according to a survey … Read more
Italian manufacturing activity shrank in May for the 20th month running but much less steeply than the month before, a survey showed on Monday, as … Read more
Consumption of a wide range of goods and services is expected to fall by around 81 per cent as long as Malta has ongoing COVID-19 … Read more
The Spanish Cabinet approved on Friday a guaranteed minimum income scheme set to help 850,000 vulnerable families.
It is not the first welfare program of … Read more
The German economy is likely to shrink by 6.6% this year as a consequence of the coronavirus crisis before growing by 10.2% in 2021, the … Read more
Business conditions in April were comparable to those during the economic recession of 2009, the Central Bank of Malta has said.
The Central Bank’s May … Read more
Minister for the Economy Silvio Schembri said that a number of initiatives to aid businesses are currently in the pipeline following the reopening of certain … Read more
Malta experienced the highest monthly increase in inflation across the EU last April, figures out today show.
Inflation went up by 2.9% in April when … Read more
Not more than four weeks ago as new cases of coronavirus spiked and peaked across Europe, the prospect of catching a plan or a ferry … Read more
Labour MEP Alfred Sant has told the European Parliament that fast enlargement of the European Union has led to the spread of political and economic … Read more
LATAM Airlines Group, the region’s largest carrier, will lay off 1,400 employees, the company said on Friday, marking the first instance of a major Latin … Read more
The German economy contracted by 2.2% in the first quarter, its steepest three-month slump since the 2009 financial crisis as shops and factories were shut … Read more
The country needs to start looking beyond the coronavirus pandemic that has brought the world to its knees, Economy Minister Silvio Schembri said on Thursday.… Read more
Germany’s mighty industrial sector, hit by the coronavirus pandemic, is expecting an unprecedented collapse in production, the Ifo institute said on Thursday, as it announced … Read more
VAT on face masks and face shields will go down to 5% from the standard 18% through a legal notice which should be published today, … Read more
Malta’s economy will be “severely affected” by the coronavirus pandemic this year but the impact will be less than the EU average, according to the … Read more
Malta’s tourism industry is in dire straits and will require a major investment if it is to return to normal after COVID-19, PN MP Robert … Read more
Although shops and commercial establishments opened on Monday, many owners still decided not to open…or to open with reduced hours.
The retail shops which opened … Read more
A survey has showed that the Maltese believe that it will take up to 12 months for the local economy to recover from the Coronavirus … Read more
Consumers, workers and landlords will have to be patient as it will take time for businesses to get back onto their feet once they reopen, … Read more
The COVID-19 crisis has made it clear that workers with the lowest salaries – health workers, cleaning personnel, waste collectors, drivers and persons involved in … Read more
Portuguese Prime Minister Antonio Costa on Thursday announced a sector-by-sector plan to gradually lift lockdown measures imposed six weeks ago to combat the coronavirus outbreak.… Read more
Malta: On the eve of Workers Day, the Prime Minister visited a Maltese company which exports medical equipment across the globe
Prime Minister Robert Abela, accompanied by the Minister for Economy, Investment and Small Enterprises, Silvio Schembri, and Minister within the Office of the Prime Minister … Read more
Cambridge University study shows economic damage could be worse without lockdown and social distancing
The worst thing for the economy would be not acting at all to prevent disease spread, followed by too short a lockdown, according to research … Read more
Italy’s credit rating has been cut to within one downgrade of junk status as soaring public debt threatens to ignite tensions in the eurozone.
Borrowing … Read more
Restaurant tables a ‘safe’ distance apart, reduced headcounts at nightclubs and limited classroom sizes.
These are some of the measures being considered by a small … Read more
Plans underway to restart the economies of Canadian provinces do not depend on presuming people who become infected with coronavirus develop immunity to it, Canadian … Read more
The government deficit has more than doubled in the first three months as the country feels the pinch of the COVID-19 pandemic, figures out today … Read more
In 2019, the government registered a surplus of €71 million, equivalent to 0.5% of GDP, the National Statistics Office has said.
“General Government debt amounted … Read more
Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won’t survive the pandemic, … Read more
The Malta Employers’ Association has called on the government to review utility rates for both businesses and households with immediate effect.
In a statement on … Read more