MDB issues new scheme with revised collateral requirement after the Malta Chamber of SMEs highlights difficulties
23 September 2020
Following problems flagged by members on accessing the MDB loan scheme, the Malta Chamber of...
According to GRTU, the European Commission focused on the right priorities and struck the right balance between actions on the supply side and on the demand side of the economy. GRTU was particularly pleased with the Commission's proposal to boost vocational training, which now includes an ambitious quantitative target of 5 million apprenticeships before 2010, and with the suggested joint EIB-EC micro-credit scheme for loans to micro enterprises.
Employment and Social Affairs Director at UEAPME Liliane Volozinskis offered the following comments: "The European Commission has clearly taken our messages on board, emphasising the importance of flexicurity to modernise labour markets and focusing on the right priorities to safeguard employment during the present downturn. The European Council should endorse this ambitious plan."
The demand side of labour markets rightly gets more attention than usual and companies' difficulties are taken into account. The Commission's calls to reduce non-wage labour costs, decrease the burden of social security and promote entrepreneurship and self-employment are a welcome change of language from previous communications, which often focused exclusively on the supply of labour.
On the supply side, improving skills to better meet labour market needs is a clear priority for SMEs, which find it hard to recruit qualified workers, all the more so in the present downturn. We are certainly pleased with the EC proposal since vocational training is one of the best ways to get a job. However, we wonder how this target can be reached without support measures for crafts and SMEs, which are the main providers of apprenticeships and may be less than likely to host apprentices at this time of reduced economic activity.
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).