Tonio Fenech
Encyclopedia
Tonio Fenech is a Maltese
Malta
Malta , officially known as the Republic of Malta , is a Southern European country consisting of an archipelago situated in the centre of the Mediterranean, south of Sicily, east of Tunisia and north of Libya, with Gibraltar to the west and Alexandria to the east.Malta covers just over in...

 politician who has served in the government of Malta as Minister of Finance, Economy and Investment
Finance Minister of Malta
The Finance Minister of Malta is the Head of the Ministry of Finance, Economy and Investment of Malta....

  since 2008. He was Mayor of Birkirkara
Birkirkara
Birkirkara or B'Kara is a city of 25,858 inhabitants in central Malta. It is the most populated town on the island and consists of four autonomous parishes: St Helen, St Joseph, Our Lady of Mount Carmel and St Mary. It also houses one of the most famous colleges in Malta, St Aloysius' College...

 from 1998 to 2003.

Education

He received his primary education at the old St. Catherine's High School in Sliema
Sliema
Tas-Sliema is a city located on the northeast coast of Malta. It is a centre for shopping, restaurants and café life. Tas-Sliema is also a major commercial and residential area and houses several of Malta's most modern hotels. Tas-Sliema, which means 'peace, comfort', was once a quiet fishing...

. He subsequently received his secondary education (1979–1986) and post-secondary education (1985–1987) at St. Aloysius' College, Birkirkara
Birkirkara
Birkirkara or B'Kara is a city of 25,858 inhabitants in central Malta. It is the most populated town on the island and consists of four autonomous parishes: St Helen, St Joseph, Our Lady of Mount Carmel and St Mary. It also houses one of the most famous colleges in Malta, St Aloysius' College...

. Tonio graduated in Management and Accountancy (B.Com) at the University of Malta, he then completed his B.A.(Hons.) Accountancy, in 1992. He is now a warranted Accountant and Auditor.

Career

His first work experience was gained during the summer work phase in his Sixth Form years, on the factory floor at Multi Packaging Ltd. He joined Price Waterhouse in July 1993. Tonio's initial years at Price Waterhouse, later PricewaterhouseCoopers, were in the audit practice, where he became a manager. He subsequently moved to the management consultancy practice of the firm where he became a Senior Consultant. Tonio had a number of international work experiences with the firm in Italy and Libya. Some of his most interesting audit experiences included the Instituto per le Opere Religiose (IOR) Vatican Bank.

Politics

Tonio was elected as a Birkirkara local councillor in March 1996 to hold public office for the first time. Following the 1998 general elections Tonio was elected Mayor of Birkirkara and held this post until April 2003 when he was elected to Parliament. Tonio contested the local council elections three times. In April 2003, he was elected Member of Parliament from the 8th District, and was subsequently appointed as observer to the European Parliament between May 2003 and March 2004. Tonio was then appointed as Parliamentary Secretary in the Ministry of Finance by Prime Minister Lawrence Gonzi
Lawrence Gonzi
Lawrence Gonzi is a Maltese politician who has been Prime Minister of Malta since 2004. He was Speaker of the House of Representatives of Malta from 1988 to 1996, Minister of Social Policy from 1998 to 1999, and Deputy Prime Minister from 1999 to 2004...

 on 27 March 2004. Tonio Fenech played an important role under the Ministry of Finance, and he was one of the masterminds behind Malta's accession in the EuroZone.

Following the March 2008 general election
Maltese general election, 2008
The latest Maltese general election for the renewal of the House of Representatives of Malta was held on March 8, 2008. The incumbent ruling party the Christian democratic Nationalist Party, led by Prime Minister Lawrence Gonzi, narrowly won over the social democratic Malta Labour Party led by...

, he was appointed as Minister of Finance, Economy and Investment on March 12, 2008. Helping him will be Jason Azzopardi as Parliamentary Secretary for Revenues and Land.

Follow this Tonio also introduced new and improved financial directives which helped Malta from time to time to keep up with other main European countries. Tonio also introduced a new and effective automotive licensing system which taxes high powerful cars and encourages people to buy small cars instead.

Tonio also worked hard from time to time to ensure that Malta financial situation would be adequate.
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