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...
GRTU continues to insist that the Electricity tariffs as given to MCESD Social Partners on 23rd October 2008 and as finally stamped by Government on its Press Release of 28th October 2008 continue to include cross-subsidization.
Despite stating that the capping of 5.2 million to large industries will now be taken on by Government, the tariffs in themselves show no changes from one document to the other. This clearly shows that such tariffs, as outlined on 28th October 2008, include cross-subsidization and capping will be paid for by SME‘s.
GRTU continues to stress that the matter will be taken to Local Court and the European Institutions to make sure that the interests of its members, amongst which restaurants, supermarkets and mini-markets, bakeries, commercial garage owners, sprayers, pharmacies, IT retailers, beauticians, importers and distributors and frozen foods, fish shops, butcher shops, small hotels, bars, importers of wines, spirits and beverages, white and brown goods importers and retailers, confectioners, take-aways, entertainment industry clubs and discos, are safeguarded accordingly.
GRTU insists that no cross subsidization is acceptable and that no back dated payments will be acceptable either. The truth is that SMEs will pay 39%, 52%, 65% more than those users utilising over 5 million units and worse still there is discrimination between enterprises within the same category of business so that effectively one smaller enterprise is subsidizing one larger enterprise in the same category of business.
This cross-subsidization affects over 39,000 non-residential account holders. GRTU is absolutely confident that the vast majority of business owners in Malta from all categories will obey its Directive not to pay these excesses were these tariffs to be imposed without amendments agreed with GRTU.
GRTU continues to insist that these tariffs are simply not acceptable. At a time when the EU Commission is doing its utmost to support SME's, in Malta a horrendous proposal is being imposed which contradicts all that we are supposed to achieve by the new Small Business Act, so highly emphasized by the Commission.
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).