Press Release: More consumers shopping during Black Friday but average spend lower
26 November 2022
This Black Friday is the closest one to pre-Covid levels with shoppers flocking the streets...
President Paul Abela attended a
business breakfast organized by the Ministry of Finance, Economy and Investment
focusing on Pre-Budget Proposals for the coming Budget.
During his intervention Mr Abela thanked
Minister Fenech and his team for the provision of Schemes for SMEs, which were
instrumental given the current financial situation to surpass better than their
EU counterparts, and also for finding a solution to the Air Malta current
situation. The acceptance by the Commission of Air Malta's re structuring
proposal paved a better future for its sustainability.
However Mr Abela pointed out that the road
infrastructure upgrade in Gozo has taken a particular negative toll on
businesses and accordingly asked the Minister to consider schemes which could
bolster the business community in Gozo in order to make up for losses incurred
during the infrastructure upgrade and make businesses in Gozo more sustainable.
Mr Abela also stated that the up and coming
Loan Guarantee Scheme had to guarantee 90% of the funds required by SMEs. This
is imperative if the Scheme is to be a success.
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).