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 European Commission has welcomed the support of the European Parliament for its proposal to simplify the approval of hydrogen powered vehicles. This will mark a step forward in the development and marketing of clean and safe hydrogen vehicles.
As a result, they will be seen more often on Europe's streets and the European automotive industry could become more competitive by taking the lead in hydrogen technology.
At the moment, uniform requirements for hydrogen vehicles are not included in the EU vehicle type-approval system. This poses problems for hydrogen vehicle manufacturers when trying to place these vehicles on the market in the EU. Currently, even if a vehicle obtains national or single type-approval in one Member State (MS), it is not guaranteed that the registration of this vehicle will be authorised in all the other MS. Further, MS have the possibility to establish different requirements for issuing an approval certificate. This situation results in a fragmented internal market of hydrogen powered vehicles, as well as complicated and costly approval procedures, which discourages the introduction of this environmentally friendly technology.
The proposed single approval will be sufficient for the entire EU. At the same time, the Regulation will guarantee that all hydrogen vehicles put on the market in the EU are at least as safe as conventional vehicles. A Commission study shows that the simplified procedures could result in a saving of up to €124m in approval costs to vehicle manufacturers in the period 2017-2025.
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).