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...
During the meeting GRTU Members were updated with the
developments and given information on the new Euros and the way they will be
circulated, informed about how they can prepare and what support can be
provided, shown what the new banknotes will look like and the enhanced security
features and given a brief training on how to recognize counterfeits.
The new euro banknotes series incorporates enhanced security
features drawing on advances in banknote security and technology. This series
was called "Europa" because it shows a portrait of the Greek mythological
figure Europa. This portrait was chosen because it has a clear association with
the continent of Europe and also adds a human touch to the banknotes.
Another meeting for businesses will be held as follows:
Date: Tuesday 23rd April 2013
Time: 14:00 – 15.30
Venue: GRTU Republic Str, Valletta
Registration is required on 21232881 or
The introduction of this new series is part of the on-going
development of euro banknotes to make them even more secure. The European
Central Bank and the national central banks make every effort to safeguard the
integrity of the euro banknotes by regularly upgrading and improving their
The Europa series has the same "ages and styles" design and
dominant colours as the first series. The new banknotes are to be introduced
gradually over several years, in ascending order and starting with the new €5
banknote as of 2 May 2013. The denominations remain unchanged: €5, €10, €20,
€50, €100, €200 and €500.
The new €5 banknote includes some new and enhanced security
features. The watermark and hologram both display the portrait of Europa. The
eye-catching "emerald number" changes colour from emerald green to deep blue
and displays an effect of the light that moves up and down. Short raised lines
on the left and right edges of the banknote make it easier to identify the
banknote, especially for visually impaired people. They are easy to check using
the "FEEL, LOOK, TILT" method.
The first series will initially circulate alongside the new
banknotes, but gradually will be withdrawn from circulation. The euro banknotes
of the first series will remain legal tender.
Further information is available from the website
www.newfaceoftheeuro.eu. This website includes the "Euro Cash Academy", a
learning module which takes a playful approach to the new €5 and other euro
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).