International Maritime Organisation Signs New Partnership Agreement

The International Maritime Organisation (IMO) recently signed a new partnership agreement with the European Bank for Reconstruction and Development (EBRD), which practices in the maritime and port sectors and is experienced in supporting comprehensive transport related development activities. 

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Women of Influence

What is the Role of Women in Modern Society? Women in today’s society have certainly gained power and influence when compared to the women of yesterday. Women today have easier access to positions of power carrying substantial decision-making authority and women’s success in attaining leadership positions speaks volumes. Having said that, there is still far…

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MEPS Back EU Corporate Tax Plan Proposals

The European Parliament’s Economic and Monetary Committee has given its backing to new European Commission proposals that would bring the EU closer to the creation of a harmonised corporate tax system. 

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Encouraging Business between Malta and Bulgaria

In a State visit to Bulgaria, the President of Malta Marie Louise Coleiro Preca underlined the importance of Malta and Bulgaria as strategic bridges in the Mediterranean Sea and the Western Balkans respectively for both culture and economy. Trade links between Malta and Bulgaria in best interests of citizens of both countries While delivering the…

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Malta Moves to Regulate Virtual Currencies

Malta has moved a step closer to introducing legislation to regulate the use of virtual currencies such as bitcoin, following the publication by the Malta Financial Services Authority (MFSA) of a regulatory framework covering collective investment schemes and the risks associated with virtual currencies. 

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European Commission welcomes the entry into force of new rules to prevent tax evasion and money laundering

As of 1st January 2018 the provisions of Directive on Administrative Cooperation (Directive 2011/16/EU) entered into force, according to which national tax authorities have direct access to information on beneficial owners of companies, trusts and other entities, as well as customer due diligence records of companies. It is anticipated that access to these data collected…

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From 1st January 2018 large ships must monitor and report CO2 emissions

As of 1st January 2018, according to EU Regulation on monitoring, reporting and verification of carbon dioxide emissions from maritime transport (Regulation No. 757/2015 as amended) ships over 5000 gross tonnage (“relevant ships”), regardless of their flag and subject to a few exclusions (warships, naval auxiliaries, fish catching etc.), will become subject to monitoring and…

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