Malta Chamber of SMEs highlights the concerns and impact of Brexit on Maltese Businesses
27 January 2021
The way forward was also discussed Mr Paul Abela President of the Malta Chamber of...
"Minister Austin Gatt said that on the issue of capping of electricity bills, for the 78 selected large firms, Enemalta is revenue neutral. This really means that all other Enterprise owners, small and medium, are paying a hidden tariff of 10% on their electricity and water bills to cover for Enemalta's deficit. It is neutral to Government but negative to all our members, it is also negative to all families.
The is completely unjust. The solution GRTU is proposing is that Government sets up a Special Fund and funding should come from either the privatisation process or from the selling of Government assets. This is the same solution that GRTU had proposed successfully when Levies were removed and many firms needed to be supported to diversify and survive.
GRTU will not accept a capping solution at the expense of enterprise in general. It is hard enough for business owners to meet the current electricity bills incorporating the 95% surcharge and the hidden 10% capping subsidy. This is the last Bill including this hidden subsidy. From the next Bill onwards GRTU will issue Directives to Businesses to pay their Bills less 10%." GRTU President Paul Abela's clear message.
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).