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...
Speaking during discussions in the Single Market Production and Consumption (INT) Section meeting at the European Economic and Social Committee (EESC) meeting today in Brussels, Vince Farrugia, Maltese business owners' representative at EECS and GRTU Director General said that the Mario Monti Report on the Internal Market and the Louis Grech Report on the same subject approved by the European Parliament, clearly define the initiatives and measures that need to be adopted to have a more effective and strong internal market.
"There is no need to impose additional burdens on Member States that face no infringement procedures and indeed, because of their adherence to Internal Market Rules, have no development growth problems and unemployment problems, especially youth unemployment. The issue really is one of adherence to the initiatives as defined in the Monti report and addressing the numerous bottlenecks that have already been identified and are being addressed by the various EU Commission proposals and the programme of the 2020 Initiative. Creating further centralisation means punishing more those who are adhering. The issue really is one of Council facing those Member States who are not adhering and as a result bringing the European Union to a state of crisis and causing these States, as Monti is now doing in Italy, to meet their obligations and not imposing a more centralised European system that nobody wants". concluded Mr Farrugia.
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).