Important Webinar: Tax Deferrals, Moratoria on Bank Loans, Moratoria on the MDB Guarantee Scheme and the Wage supplement
14 April 2021
The Malta Chamber of SMEs would like to invite you to a webinar that will...
GRTU welcomes the Energy Union Package. The Energy Union is even more important for Malta because we feel that due to the small size of Malta and lack of economies of scale we have a lot more to gain. Malta’s absolute dependency on importing oil to produce electricity and problematic and unavoidable market inefficiencies, including lack of competition, being the only member state that imports refined oil because we do not have a refinery and the added costs to secure supply, makes electricity in Malta amongst the most expensive in Europe.
We are also in favour of reforms and changes that are needed to increase energy efficiency and change to alternative energy sources. We emphasis however that the impact on SMEs must be assessed and they must be supported and SME organization should be fully involved.
GRTU supports the use of Juncker’s Plan for investments in the energy efficiency in buildings with financial and technical support of which SMEs will profit. Similar incentives should also be foreseen for SMEs outside the building sectors aiming to become more energy efficient and more sustainable. We fear that the shift to electro mobility will be expensive and thus impact negatively on the economic operators. Short-distance transport is an essential reality, especially in a country like Malta. GRTU believes that measures targeting the transport sector should be structured in order to allow SMEs to stay on the market by reconvening their activities. Increasing taxes and charges should be avoided. GRTU is wary of the consequences the proposed decarbonisation of the transport system might have on the EU’s competitiveness.
The Energy Union means in particular:
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).