Press Release: Businesses reach expectations overall for Black Friday
27 November 2020
Black Friday was still exceptional when compared to the rest of the year and sometimes...
Mr Michael Galea, new GRTU member of the Gozo Regional Committee (GRC), attended his first GRC meeting together with Maurice Borg who is now the substitute member. A reassessment was done of Dr Gordon Cordina's report and way forward. The report from Gordon Cordina showed how Gozo experienced a lower per capita output and income when compared to Malta, and it was not contributing to and benefiting from the economic growth that was happening in the national economy in a proportionate manner.
Dr Cordina, amongst other things, suggested that in order to close the gap in per capita GDP there needed to be a creation of around 2,000 net jobs in relatively high productivity sectors. The proposed measures were subdivided to identify those that would address short-run pressures and others that would achieve medium-term economic benefits.
Meeting short-run pressures:
Temporary measures (2009-2010) –
Extend the scheme of charging all passenger ferries at Gozitan resident prices at all times between October 2009 and May 2010 if summer 2009 tourism benefits fall short of Summer 2007 levels
Defer payment of government tax, utility and permit bills to Summer period when cash flow is relatively stronger
Tailor temporary and targeted assistance to industry to specific situations of relatively big industrial employers in Gozo
Enhance upkeep and maintenance of amenities
Re-surfacing of roads
Deploy cruise liner berths at Xlendi and Marsalforn to attract smaller cruise ships (c. 500 passengers)
Provide administrative support for application for EU funding
Entire Gozo should be recognised as a tourist locality for the purposes of shop opening hours
Setting up of an SME Park
Achieving medium-term economic targets, through:
Improved accessibility and mobility
Develop an airstrip to cater for planes carrying up to 20 passengers
Tourism distinctiveness, development and reducing seasonality
Construct international-standard sport facilities including an indoor pool
Construct breakwater in Marsalforn and provide yacht berths
Develop agro-tourism with Gozo serving as a model for Malta
Designate special development zones with favourable tax treatment for the re-development and regeneration of real estate for sale to high-net worth individuals
Exploitation of distinctive advantages offered for the ICT sector
Develop specific niches in the ICT sector, including launching of innovative technologies and accommodation of critical personnel; requires Gozo to have proper ICT connectivity
Set up Task Forces to design and implement the above measures
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).