A Budget that extends the safety-net for Businesses, more tax incentives should follow to enable new investments
19 October 2020
Budget 2021 The Malta Chamber of SMEs is pleased to see a number of its...
The Single Market has undoubtedly brought widespread benefits to Europe. We have seen greater clarity in trading conditions across the continent, leading to a reduction in costs for both businesses and consumers. However, despite this success there have been a number of challenges to the prosperity of the Single Market. A rapidly changing global environment compounded by the financial and economic crisis has demanded a comprehensive response. The European Economic and Social Committee (EESC), the EU body representing organised civil society, remains a crucial partner in formulating this response.
Consultation and dialogue with civil society is a priority in the preparation and implementation of new measures. The European Economic and Social Committee was the first EU body to formally respond to the Single Market Act from Commissioner Barnier. This demonstrates how civil society can react swiftly, whilst consulting with all of its components from the earliest stage in the search for a real consensus.
Whilst being aware of missing policies in the Commission package, the Committee has focused on the following bundles of measures – these clusters being the result of the interdependence between the individual proposals – that are seen as clear priorities:
Open communication on the added value and challenges is of paramount importance in order to gain public support. It is important to take into account the reality on the ground and the real concerns of citizens. The input of organised civil society is indispensable as well as the involvement of national governments that have to take into consideration that the Single Market is an integral part of our domestic economies. Political parties, the media, educational institutions and all other stakeholders have a historical responsibility in relation to the EU being able to successfully cope with the challenges of the global world based on the values that so far have characterised our social market economies. The world will not wait for us. Europe's fragmentation, protectionism, nationalism and lack of vision will not allow us to compete with the new global powers.
This is an official article issued by the EESC in occasion of the adoption of the EESC Opinion on the Single Market Act. GRTU's Director General Vincent Farrugia is an EESC Group I 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).