€1.50
THURSDAY 27 JANUARY 2022 • ISSUE 139
WWW.BUSINESSTODAY.COM.MT
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PAUL COCKS
FINANCE minister Cyde Caruana has re-
fused to state what position Malta will be
adopting on a European Commission pro-
posal introducing new, stricter, parameters
defining shell companies.
He told BuisinessToday that the Economic
and Financial Affairs Council of the Council
of the European Union, known as ECOFIN,
has yet to discuss the draft proposal.
ECOFIN, composed of the economics and
finance ministers of the 27 European Union
member states, met last week but Caruana
said that the directive was not discussed
during the meeting.
"No, the directive was not on the agenda,
and the proposal still has to be brought up
for discussion," he told BusinessToday.
Finance minister mum on
Malta's position on draft
shell companies proposal
December 2021
unemployment
down by 0.9%
over 2020
Sterling to Euro
exchange rate
secures net
recovery to
1.1955
STAR PERFORMER MSE FTSE 100
EUR EXCHANGE RATES
Trading Date: 26 Jan 2022
Number of Trades: 34
Turnover: €237,930.13
MSE TRX Index: 7,867.811
(Change: 0.264%)
Name PG PLC ORDINARY
MT0001410100 - Currency €
Last Traded 26 Jan, 2022
Price 2.320
Change 0.020
US Dollar 1.1280
British Pound: 0.83468
Japanese Yen: 128.98
Australian Dollar: 1.5740
Swiss Franc: 1.0393
7,478.04
106.58
7,525.58 / 7,371.46
Value
Net variation
High / Low
+1.45
European Commission
proposal, introducing
tougher standards around
use of shell entities, would
impact up to 500 companies
in Malta
Finance Minister CLyde Caruana at last week's ECOFIN meeting
