A Budget that extends the safety-net for Businesses, more tax incentives should follow to enable new investments
19 October 2020
Budget 2021 The Malta Chamber of SMEs is pleased to see a number of its...
the EU's population is at risk of poverty and the EU is asking the national
Governments to allocate 20% of Social Funds to be used to combat poverty and
improve and create jobs.
also needs to intensify social dialogue. President Barroso concluded by saying
that the ‘EU needs an enhanced social cohesion'
European Council President Van Rumpoy continued on Barroso saying that the
major objective of the EU is to create employment. Currently the EU has a slow
recovery growth but this is susceptible, growth alone is not enough, jobs are
important but not sufficient because it takes time, we need to find better ways
to reach the micro-society. The EU is pushing Member States to take measures to
improve youth employment. The EU 2020 objectives remain there and they should
be each nations' strategic targets. From October 2013 onwards, the Commission
will start using improved analytical tools to measure jobs, unemployment and
social trends to act faster. It is important to have long term objectives in
the socio-economic strategy.
Why does socio-economic convergence in the economic and monetary
this discussion it was mentioned that 10 years of EMU saw processes improved.
The EU is highly divided in fiscal terms and no fiscal cohesion exists. The
current unemployment situation is a long term issue and needs long term focus
and planning. People have lost trust in EU administration and this needs to be
re-established since that is why the reason the EU exists in the first place. A
scorecard is being created to analyse new indicators and trends. It was noted
that the most important thing is what actions will be taken when reading the
are conflicts between austerity and social concerns. Austerity brought
unemployment, inequalities and exclusions within the social strata. When we
mention competitiveness we are accepting that it includes lower wages,
mentioning labour market friendly measures evolved into weaker labour
rights. The proposed monitoring is
however unlikely to make a difference. The realisation of the social dimension
regime change is like opening a ‘Pandora's Box'. Concluding to this it was
noted that the problem we are discussing is not an EU issue but a world's
Detecting key employment and social imbalances and challenges in
proposed scoreboard of key employment and social indicators relevant for the
EMU's well-functioning has been discussed.
The EU Commissioner for Employment, Social Affairs and Inclusion Mr
Andor noted that what we do not analyse we do not fix. The scoreboard was explained.
Social aspects in the macroeconomic imbalances
something occurs in one member state it will have an effect on the other member
states. This change is needed because in the issue that happened prior to year
2011, only the financial aspect was taken into consideration. Imbalances and
corrective actions should be presented and followed better by social actions
that will be known through the new indicators.
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).