MDB issues new scheme with revised collateral requirement after the Malta Chamber of SMEs highlights difficulties
23 September 2020
Following problems flagged by members on accessing the MDB loan scheme, the Malta Chamber of...
Following last year's controversy on the opening of shops on public holidays that fall close to special occasions which are deemed to be very important shopping days, where the GRTU strongly advocated for the outlets to be given the opportunity to open without the legal obligation to pay €700 euro's per shop, there seemed to be an agreed commitment by Government that during 2012 the issue would have been managed over a whole year basis.
The GRTU therefore presented its request, which is simply a formality as bureaucrats also have access to calendars so the exercise could be done automatically really. Now we are informed that in spite of last year's commitment, Government still has failed to decided in time to liberate the 10th of February, an important shopping day in view of Valentines Day.
The GRTU therefore regretfully informs all shops who had planned to open on 10th February that they may have to incur the extra charge if they are not already exempt as Government has refused GRTU's request on behalf of all retailers who wished to open.
We are told Government is still deciding on the other four days which the GRTU has presented.
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).