Malta Chamber of SMEs

Malta Chamber of SMEs congratulates Stefano Mallia on being elected President of the Employers’ GroupHeartfelt congratulations to Stefano Mallia on his well deserved appointment.

Mr Mallia has been active in the EESC, representing Maltese employers, for the last 9 years. During this entire time, he has worked close to us as an organisation and has truly succeeding in delivering Europe to Malta and giving Maltese employers a voice in this important forum.

The European Economic and Social Committee is a very important institution being the voice of organised civil society in Europe. It is a reflection of what MCESD is in Malta. It is therefore instrumental and essential to our function as social partners.

As an SME Chamber we have also supported his candidacy and we express our pride on behalf of Maltese SMEs in having a Maltese national and a business person occupy this important position.

We are certain that more positive things will come to Malta and Maltese Businesses with Stefano Mallia’s appointment.

Absolute majority of enterprises concerned about the banking situation in Malta

GRTU Malta Chambers of SMEs today organised it’s annual SME Conference. This years conference focused on the Banking and financial issues and GRTU Malta Chamber of SMEs published it’s survey results. During this years’conference over 200 enterprises attended this event.

The conference was supported by Business 1st and MEIB as part of the month-long itinerary of SME Week.

74% of the enterprises replied that they find it difficult to get funds from banks. Up by 25% over the results of a similar survey that asked the same question in 2011.

The survey results show that businesses need more competition in the banking sector and that from a business perspective, the situation in the banking sector has never been worse. The survey results where published by GRTU Vice President Marcel Mizzi.

The conference was addressed by the Minister for Economy, Investment and small businesses. Hon. Chris Cardona, thanked GRTU for never shying away from challenges faced but also working towards finding a solution for these challenges. He insisted that “we are facing new challenges of new economic times, and there are no easy solutions. Offering support and resolutions for these dynamic challenges is what guarantees our businesses future success.”
The Minister referenced the tight labour market and changing banking policy as two of the new challenges businesses are today facing, as the country has entered a new economic era.

New challenges to businesses nowadays highlighted in the conference, also include their incorporation and adjustment to rapid technological changes, including data management,information security and incorporating a blockchain infrastructure.

Malta Enterprise CEO Kurt Farrugia also addressed the conference and announced that local businesses will benefit from a partnership signed between Malta Enterprise and T-Systems, a Deutsche Telekom subsidiary, whereby together they will be offering blockchain as a service for companies setting up their blockchain project in Malta.

GRTU Malta Chamber of SMEs President Paul Abela said that, while Malta is going through a very particulat time, we are facing challenges that come from having too much success. Paul Abela said that a lot of hard work went into getting Malta to whre it is today, and this hard work was not only done by our policy makers, but a lot of it was at the hand of enterprise owners.

Category: Articles

Malta Chamber of SMEs congratulates Stefano Mallia on being elected President of the Employers’ Group

SME Week Conference 2019