Press Release: SME Chamber welcomes reactivation of Bank moratorium possibility
18 January 2021
FURTHER EXTENSIONS WILL BE NECESSARY The Malta Chamber of SMEs greatly welcomes the extension granted...
During a public
consultation with Minister for the Economy, Investment and Small Business Chris
Cardona and Parliamentary Secretary for Competitiveness and Economic Growth Edward
Zammit Lewis, Philip Fenech asked whether aid to finance for small businesses
such as JEREMIE and other schemes would be re-introduced or extended. Hon.
Chris Cardona answered yes there would also be other financial schemes that
will help to start ups or further expansion.
another public consultation meeting with Minister for Finance Edward Scicluna
and Minister for Energy and the Conservation of Water Konrad Mizzi, Philip
Fenech Deputy President of GRTU discussed with Konrad Mizzi the 25% reduction
in tariffs, emphasising that in many businesses the water and electricity
tariffs are intensive to an extent that it is even more than what
establishments pay in rent for their business. Mr. Fenech was particularly
referring to the leisure industry, industrial factories and so on, which
experience the highest tariffs.
Minister Edward Scicluna, Mr Fenech discussed issues concerning Cyprus and
emphasis was made that Malta will not get a bad name with the transfer of
Russian money from Cyprus to Malta.
separate public consultation with Minister for Home Affairs and National
Security Manuel Mallia and Parliamentary Secretary for Justice Owen Bonnici, Mr Fenech spoke
about the discussion taken regarding the Paceville debate to the Social
Committee. A booklet was published with a summary of people who spoke and it
also included the conclusion that Paceville need Town Centre Management
Committee that was already a pilot project. In this committee issues could be
resolved in real time to elevate any hardship to the residents in the
Parliamentary Secretary Owen Bonnici, Mr Fenech spoke about the case of
Government expropriation and asked Government to treat the issue with urgency.
Since many of these cases pending 20years and reminded the Minister that
‘Justice delayed is Justice denied!'
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).