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 Director General has this week
also participated at this fact-finding seminar on Youth Employment because it
is a very important topic. Mr Farrugia made a strong intervention for greater
and practical support for small and micro enterprises, most especially, as
within them they have the possibility to recruit youths.
In September 2012, 5.520 million young
people (under 25) were unemployed in the EU-27. Compared with September 2011,
youth unemployment increased by 164 000 in the EU-27 and by 275 000
in the euro area. In September 2012, the youth unemployment rate was
22.8 % in the EU-27.
Recruitment by SMEs is the quickest and
most efficient solution there is but SMEs need a lot of support to make the
renovations and expansions they need. In the times of crises what the EU gave
to SMEs in terms of financial aid can in no way be compared to aid given to the
larger companies, which was much, much more.
We have to do more to remove and
obstacles that hamper youth mobility. Youths need to be mobilised so that
youths from areas where there is a stronger supply of qualified youths can move
to areas that have a stronger supply of employment opportunities. A change in
mentality is also required and youths should be reassured that it's safe and
easy to travel within the European Community and encouraged to go and grab the
opportunities that exist in other countries.
Education establishments also need to be more responsive to
the needs of the market and SMEs. It is imperative that any barriers to
employment by enterprise must be immediately eliminated. Countries that have
enacted employment and training schemes are comparatively doing much better in
youth employment figures, Malta is thankfully one of these countries. The only
shortage of labour we have is in the new categories that the economy is
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).