What did the Malta Chamber of SMEs bring through for business in this year’s budget?
18 October 2021
The Malta Chamber of SMEs has noted a number of positive initiatives that will aim...
In 2013, average hourly labour costs
in the whole economy (excluding agriculture and public administration) were
estimated to be €23.7 in the EU28 and €28.4 in the euro area (EA17). However,
this average masks significant differences between EU Member States, with the
lowest hourly labour costs recorded in Bulgaria (€3.7), Romania (€4.6), Lithuania (€6.2) and Latvia (€6.3), and the
highest in Sweden (€40.1), Denmark (€38.4), Belgium (€38.0), Luxembourg (€35.7) and France (€34.3).
business economy, labour costs per hour were highest in industry (€24.6 in the
EU28 and €31.0 in the euro area), followed by services
(€23.9 and €28.0 respectively) and construction (€21.0 and €24.5). In the
mainly non-business economy (excluding public administration), labour costs per
hour were €23.2 in the EU28 and €27.7 in the euro area.
are made up of wages & salaries and non-wage costs such as employers'
social contributions. The share of non-wage costs in the whole economy was
23.7% in the EU28 and 25.9% in the euro area, varying between 8.0% in Malta and
33.3% in Sweden.
preliminary estimates for 2013, published by Eurostat, the statistical office
of the European Union, cover enterprises with 10 or more employees and are
based on the 2008 Labour Cost Survey and the Labour Cost Index.
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).