SME Chamber President meets MDB Officials
22 April 2024
Malta Chamber of SMEs President Mr Paul Abela met MDB Chairman Leo Brincat and CEO...
New Minister for Economy, Investment and Small Business
16 March 2013
The
appointment of an independent Ministry for Economy, Investment and Small
Business, incorporating a Parliamentary Secretariat for Competitiveness and
Economic Growth is for GRTU a very welcome decision by the Prime Minister on
the formation of the new Cabinet of Ministers.
The
previous Ministry for Finance, Economy and Investment, incorporating the
Ministry of Finance, the Ministry of Economic Affairs and the Ministry of
Industry, was too heavy and it led to unnecessary bureaucratic delays for
organizations like GRTU that deals on day to day issues affecting SMEs and
Micro and Small businesses in particular.
When
the Ministry for Fair Competition, Small Businesses and Consumers was
established the necessary legal empowerment on important matters like the Small
Business Act were never clearly defined, with the result that a second tier of
bureaucratic hurdles was created. GRTU now expects that the new Ministry for
Economy, Investment and Small Business and the new Parliamentary Secretariat
for Competitiveness and Economic Growth will act to reduce existing
bureaucratic hurdles. GRTU will be glad to learn, as matters develop further,
that the down-grading of responsibilities for small enterprises from the level
of full Ministry to that of Parliamentary Secretariat will not be to the
detriment of micro and small businesses in the level of importance these
enterprises need to constantly have in the Governments' overall Agenda.
GRTU is particularly happy with the choice of the
Hon Dr Christian Cardona B.A., LL.D., LL.M., M.P. as Minister for Economy,
Investment and Small Business and of Dr Edward Zammit Lewis B.A., LL.D., M.P.
as Parliamentary Secretary for Competitiveness and Economic Growth and looks
forward eagerly to work closely with these very valuable young politicians for
the continued advancement of the interest of all Micro, Small and Medium Enterprises.
