Data Act: Commission proposes measures for a fair and innovative data economy
01 August 2022
The European Commission proposed new restrictions on who can use and access EU data across...
Vince Farrugia, GRTU's Director General, has not minded his words in communicating with Minister Tonio Fenech on the further delays announced on the implementation of the Micro Credit Scheme, which offered easy loans of up to €25,000 for small business to help them ease the liquidity problems they face during the recession period.
"This scheme was top priority for GRTU. Government should have commenced the Scheme immediately in January 2010 as agreed with GRTU, utilising first Government own funds and then switching to EU funds as these funds become available. Malta Enterprise has acted with complete disregard of the pains currently suffered by many small businesses and has lost valuable time to relieve thousands of small business owners during the tough recession times." Vince Farrugia told Minister Fenech.
He continued saying that "it is incredible that five months after Budget day the Ministry of Finance is still throwing out silly excuses that convince no one as to why this most important scheme remains on the shelves. And now they talk about the end of summer. This is like giving our people an umbrella when the rainy season is over".
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).