Corporate DispatchPro DENISE GRECH
Malta News ROUNDUP EUROPEAN COMMISSION TAKES FORMAL STEPS AGAINST GOLDEN PASSPORTS The European Commission started infringement procedures against Malta and Cyprus over their respective cash for passports schemes. EC Vice-President Marcos Sefcovic said the Commission has raised concerns multiple times with both countries. FINAL REPORT SUBMITTED TO MONEYVAL Malta sent its final report to the Council of Europe’s Moneyval last week. The body will assess the changes implemented since the last test and give the results to the international Financial Action Task Force. GOVERNMENT PRESENTS 2021 BUDGET Finance Minister Edward Scicluna presented the 2021 Budget focusing on economic recovery. The Minister said the Budget will inject a €100 million stimulus with measures ranging from an extension to the wage supplement scheme to a raise in pensions and from a second round of Covid-19 vouchers to compensation for former shipyard workers.
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