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10 Business Today Malta, Greece, Lithuania and Croatia have registered the largest decreases in industrial production in just a month, according to figures published by Eurostat. At a decrease of 7%, Malta tops the list followed closely by Greece at 6%. On the whole, the euro area suffered a 1.8% in industrial production. Ireland, Luxembourg, Solvenia and Portugal registered the highest increases. In the EU28, August 2014 compared with July 2014, industrial production fell by 1.4%. In August 2014 compared with August 2013, industrial production decreased by 1.9% in the euro area and by 0.8% in the EU28. The decrease of 1.8% in industrial production in the euro area in August 2014, compared with July 2014, is due to production of capital goods falling by 4.8%, intermediate goods by 0.7% and non-durable consumer goods by 0.2%, while durable consumer goods increased by 0.2% and energy by 1.2%. In the EU28, the decrease of 1.4% is due to production of capital goods falling by 4.3% and intermediate goods by 0.4%, while non-durable consumer goods increased by 0.2%, durable consumer goods by 0.6% and energy by 1.2%. The largest decreases in industrial production were registered in Hungary (-5.8%), Germany (-4.3%) and Croatia (-4.1%), and the highest increases in Denmark (+6.9%), Portugal (+3.1%) and the Netherlands (+1.3%). The decrease of 1.9% in industrial production in the euro area in August 2014, compared with August 2013, is due to production of capital goods falling by 3.7%, energy by 3.5%, durable consumer goods by 2.9% and intermediate goods by 1.1%, while non-durable consumer goods increased by 1.4%. In the EU28, the decrease of 0.8% is due to production of energy falling by 3.3% and capital goods by 2.3%, while intermediate goods increased by 0.4%, durable consumer goods by 1.4% and non-durable consumer goods by 1.9%. maltatoday, WEDNESDAY, 15 OctObEr 2014 Deloitte Tax Bundle 2014 edition launched Deloitte Malta recently launched the 2014 edition of the Deloitte Tax Bundle - a selection of Malta's tax laws and related guidance. Since its introduction in 2012, the Deloitte Tax Bundle has proved to be an extremely useful tool in facilitating access to source legislation underpinning the complex field of taxation. Published with the kind permission of the Ministry for Justice, Culture and Local Government, The Deloitte Tax Bundle is aimed at students, academics and finance professionals with an interest in, or exposure to tax matters – making it possible for them to access relevant data as and when required. The publication is being distributed free of charge. A comprehensive online version of the Deloitte Tax Bundle is also available at http://taxbundle. deloittemalta.com. The online version contains additional secondary legislation and schedules, and is updated periodically. Users of the Deloitte Tax Bundle are urged to subscribe online at http://taxbundle.deloittemalta.com, so as to keep themselves updated. "Deloitte is committed to stimulating learning and promoting quality," said Marc Alden, Tax Service Line Leader at Deloitte Malta. "The 2014 edition of the Deloitte Tax Bundle is a small contribution to this ongoing commitment." PSG Fund Management moves to SmartCity Malta PSG Fund Management (Malta) Limited has recently chosen to relo- cate their offices to SmartCity Malta (SCM). The company is a wholly owned subsidiary of PSG Fund Man- agement (CI) Limited (PSGFM), a subsidiary of the PSG Group Limit- ed, a financial services company list- ed on the JSE Securities Exchange. The niche financial services company was incorporated in Malta in 2013. Today, their business activity is the provision of investment management services. PSG Fund Management (Malta) is currently operating from building SCM01 at SmartCity Malta and has been doing so since the 1July 2014. With 24/7 operations, SCM is the ideal project in Malta to facilitate PSG Fund Management (Malta) Limited's success through a world- class intelligent infrastructure designed for assured business continuity, a thoughtful environment and a responsive support system. Speaking about the reasons why PSG Fund Management (Malta) Limited decided to relocate to SCM, the company's Executive Director, Henry Burger said, "We needed premises that suited our business profile with all the necessary amenities. SmartCity Malta offers us that as well as a dynamic and professional environment for our innovative team, offering a diversified range of solution- focused products using the expertise of various strategic partners and investment management teams." Burger also added, "The company is flexible and passionate about wealth creation and wealth preservation and we look to offer a professional service to our clients and partners by sourcing diverse solutions, as well as through SmartCity Malta's state- of-the-art infrastructure and various business networking opportunities." Eurostat data: Malta registers largest decrease in industrial production