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...
Wholesale and retail trade businesses accounted for 20.4 per cent of the total registered business units in 2011, according to this week's latest release by the National Statistic's Office. In 2011, the number of registered business units rose by 2.8 per cent to 64,933 from 63,139 in 2010.
The majority of the increase are micro businesses. By legal organisation, 64.3 per cent of all business units were ‘sole ownerships/partnerships'. These amounted to 41,739 registered units.
2011 has registered the lowest number of births and deaths of business units since 2006. In 2011 births amounted to 4,160 and deaths amounted to 1,594.
Size of businesses in 2011 were recorded as follows:
Micro Enterprises 0-9 employees: 62,979
Small Enterprises 10-49 employees: 1,512
Medium Enterprises 50-249 employees: 361
Large Enterprises 250+ employees: 81
The total business units amounted to 64,933. The majority are Micro Enterprises totaling 97.0 per cent of all business units.
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).