Fabian Demicoli

Approval of EU budget by European Parliament clears way for final green light from Council

 The European
Parliament has voted in favour of the EU's Multiannual Financial Framework
(MFF) for the years 2014 to 2020. Consent by the Parliament on 19 November
clears the way for final approval of the budget by the Council in the coming
weeks.


The MFF allows the EU to invest up to EUR 960 billion in commitments
(1.00% of the EU's Gross National Income) and EUR 908.4 billion in payments
(0.95% of the EU's Gross National Income). The EU budget framework gears
spending towards sustainable growth, jobs and competitiveness in line with the
EU's Europe 2020 growth strategy. Next year's budget includes EUR 6.3 billion
in payments and EUR 9.3 billion in commitments for the research framework
programme Horizon 2020, and EUR 900 million in payments and EUR 3.6 billion in
commitments to kick-start the Youth Employment Initiative. President Barroso in
his statement following the EP approval said,"I am very pleased that today
we are able to show once again: Europe is part of the solution."

What we can do for you

INFORMATION POINT

BUSINESS SERVICES

MEMBERSHIP BENEFITS

LOCAL ISSUES & LEGISLATION

B2B NETWORKING EVENTS

LEGAL ADVICE

FUNDING ASSISTANCE

COURSES

BECOME A MEMBER

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).