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...
The Lotto receiver union members have
now all joined GRTU. Director General Vincent Farrugia addressed annual general
meeting held at the Catholic institute in Floriana on the 1st of November.
Lotto receivers in Malta are facing a very difficult future further as a result
of the highly unacceptable policy being adopted by the Lotto and Gaming
monopoly Maltco. Since Lotto receiver have joined GRTU, it has strived to establish
a working relationship with General Manager Vasilios Kasiotais and CEO Dr John
GRTU has publicly and repeatedly
accused the Chairman, Board of Directors and CEO's of public regulator who fear
the foreign owners of privatised firms and fail to act according to the power
they have at law. LGA appear to have nopower over the foreign owners of Maltco.
The condition Maltco is imposing on lotto receivers are flagrant abuse of their
licensing conditions and of the terms of the privatisation contract. LGA can
not just stare and approve. This is in essence the address Vincent Farrugia
made to the LSU AGM last Thursday. "GRTU will not be part of any scheme by
anybody in government to annihilate the right of the self employed in Malta.
Competition and free enterprise is something to which we hold very strongly in
Malta and at a European level. But running rough shot on the rights of self
employed who earn a decent living in their own country by foreigners who
pretend to own the land simply because some minister or other has accepted to
close one or both eyes is not, and will never be condoned by GRTU. GRTU is
meeting the Prime minister next Saturday 3r November and the message GRTU will pass to the Prime
Minister Lawrence Gonzi is very clear hands off the self employed or you are
heading into a lot of trouble with GRTU" Concluded Vincent Farrugia Director
General of GRTU.
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).