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...
In reply to GRTU Hon Scicluna
said that the loan worth €52 million which was provided by the European
Commission, to prevent the collapse of Air Malta, was a one time occurrence
which will not be given to the airline a second time, so it is crucial to get
It has been forecasted that in
March 2014, Air Malta's financials may experience €30 million in losses, the
year in which the airline should be heading for a breakeven situation.
This concern was raised by
Philip Fenech during one of a series of public consultation sessions organised
by the Malta-EU Steering and Action Committee (MEUSAC). Mr Fenech expressed his
concern over Air Malta's future and the fact that flights to Libya had been
stopped as a result of the war, which comes at a time when the national carrier
is attempting to break even"It is the interest of every citizen, of the
industry and mine that Air Malta reaches its targets…but your guess is as good
as mine," Scicluna replied.
Following these remarks, Prof.
Scicluna reiterated that the Budget 2015 targeted those who were on social
benefits, by encouraging them to join the workforce. In this regard GRTU
President Paul Abela said that GRTU will be sending its budget proposal list as
usual and it will focus on increasing access to finance and the recommendation
to include favourable interest rates for businesses. GRTU is concerned that the
level of bank lending to business has decreased which would continue to hinder
Malta's economy and therefore it requests that the Government should intervene
to improve this situation.
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).