Europe‘s prognosis for 2020 is set to face a cautious recession. Dire slowdowns of major European economies and heavy reliance upon austerity policy instruments post-2008 crisis have ultimately borne unsuccessful results -all point to a slow-down for the region.

Employees are always seeking new opportunities to grow, both professionally and personally. In fact, it is cited as one of the top three non-financial motivators, with around 75% of employees seeking opportunities for career growth.

By far numerous sectors within the ambit of the fintech industry, iGaming, commercial and investment areas are nowadays potentially vulnerable to money laundering and funding of terrorism.

As from 2020, groups of companies may vote among themselves to be considered as one fiscal unit in terms of the Income Tax Act. As a result, they would file only one income tax return with respect to all the companies forming part of that fiscal unit. This new fiscal incentive brings significant cash flow advantages for groups of companies set up in Malta.

There are many interpretations to these increases, but when one analyses the figures in greater detail, we noticed that there were a number of one-off rises which had a disproportionate impact on the index over the last year. These included, the price increases of dairy products and bread which also carry a heavy weight on the total index.

Similarly, to other countries such as Australia, Canada and the Czech Republic, Malta has chosen to make it legally permissible to possess medical cannabis which is prescribed by a qualified medic. However, the use of cannabis for recreational purposes remains prohibited.