The Malta Chamber of SMEs welcomes MCESD Chairperson David Xuereb to its offices
01 February 2024
Malta Chamber of SMEs President Mr Paul Abela and Deputy President Mr Philip Fenech welcomed...
COM (2009) 79 – Communication: Five years of an enlarged EU – Economic achievements and challenges –
This Communication focuses on the economic aspects of the largest EU enlargement (2004) exercise carried out. It indicates that despite fears of possible disruptions the situation has been smoother.
It lists achievements reached – significant improvements in the living standards of new Member States, rapid trade integration, rapid modernisation of new MS economies, a key driver of new MS growth has been investments from older MS, restructuring through cohesion policy funds, new product market regulations (including competition and state aid), workers' opportunities have improved (although new MS may have been faced with various problems due to this) among others. Concerns of massive labour migration in older Member States have also not materialised to the degree feared.
The global crisis presents the EU with a number of challenges. To address the Communication lists the need for sound fiscal policy, structural reforms in line with the Lisbon Strategy, enhanced country surveillance both by the Commission and the Council to foster the right policies, the implementation of the cohesion and rural development policies, and the use of EU policy and financial institutions for support.
Looking ahead the Commission states that full integration of national economies and income convergence is still to be achieved. Thus Cohesion Policy shall continue to play a key role. The EU's agenda shall see that the benefits offered will extend well beyond the economics.
Source: MEUSAC Economic and Financial Affairs Sectoral Committee
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).