Press Release: SME Chamber welcomes reactivation of Bank moratorium possibility
18 January 2021
FURTHER EXTENSIONS WILL BE NECESSARY The Malta Chamber of SMEs greatly welcomes the extension granted...
The GRTU Executive Council met today to agree on its flagship proposals for Budget 2016.
GRTU believes that this year’s Budget should give utmost priority to the issue of enterprise competitiveness and GRTU believes that the cost of electricity impinges heavily on our enterprises’ competitiveness.
For a long number of years Maltese businesses not only suffered high electricity prices because of the international price of oil but also because they were asked to repeatedly sustain inefficiencies of the electricity supplier.
Now that the international price of oil has drastically gone down, there are substantial savings from the efficient BWSC operation and energy is available at significantly cheaper rates through the interconnector, we expect a significant reduction in the price our SMEs pay for electricity.
As such GRTU expects that as part of Budget 2016 the Government should reduce electricity prices for SMEs by 30%.
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).