2021 – Participation in Malta Day – Abu Dhabi
01 June 2021
The Malta Embassy in Abu Dhabi will be organising a Malta Day event scheduled on...
As the Budget for 2021 is-set to be announced on the 19th of October, the Malta Chamber of SMEs today met Prime Minister Robert Abela as part of the pre-budget consultation.
During today’s meeting with Prime Minister Abela the SME Chamber presented its full set of 19 Budget proposals that mainly focus on mitigating the impact of Covid 19 by sustaining businesses, and also support businesses in going into viable investments.
SME Chamber President Paul Abela said that the SME Chamber proposals address both the short and long term. The SME Chamber wants to see Covid support measures extended. These include the wage supplement till March and a new round of the voucher scheme. Important fiscal proposals include lowering income tax on the first Eur 100,000 in profit that a business makes and lowering VAT to make goods and services more affordable for consumers.
Mr Paul Abela emphasised that Malta’s Economic Strategy must change and Libya is one project that the SME Chamber is working on. Libya has always been important for Malta and it is one of the doors that will unlock our economic recovery. Libya is a country with 7 million consumers and investment opportunities are ample.
Prime minister Robert Abela said that when implementing the Moneyval recommendations, the Government will not be hurting businesses.
The Prime Minister added that the Government is looking at opportunities for Maltese businesses in Libya, and explained that during last week’s European Council he had referred to the need for Libya to be given the opportunity to build its economy, with Maltese and even European businessmen being able to invest.
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).