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...
GRTU President, Deputy President and CEO have this week met
Dr Alfred Sant, who was recently elected as a Maltese MEP. Dr Sant gave an
overview of what Committees and working groups he is involved in and stated
that he wants to represent Malta's interest on the EP.
He in fact specified
that the most important item he is seeing on the Agenda is the Banking Union
where he expressed his concern on the very bureaucratic procedures the banks
will be required to go through in line with the EU planned intensive
surveillance. Dr Sant said that this would result in a significant cost for the
banks which they will pass on to their clients. GRTU President Paul Abela also
expressed his concerns in this regard saying that SMEs cannot sustain any more
costs from the banks and that acquiring funds is already amongst the costliest
in the EU.
GRTU also argued that the Maltese banks say that
Malta's banking system is very particular and therefore the banks should have
carried out an independent assessment of how it will affect their model.
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).