Malta Chamber of SMEs welcomes the draft law for licencing of building, Insists on enforcement
16 March 2023
Speaking to ONE News Malta Chamber of SMEs CEO Ms Abigail Agius Mamo said that...
On Thursday 10th September the Malta Chamber of SMEs organised an online conference with the participation of high level officials, including Hon. Prime Minister Robert Abela, the Minister for Economy, Investment and Small Businesses Hon. Silvio Schembri, Malta Enterprise CEO Mr Kurt Farrugia and Business first CEO Ms Marika Tonna. The conference was followed by a staggering, over 22,000 online viewers on the Malta Chamber of SMEs facebook page, Malta Enterprise facebook page and Prime Minister Robert Abela’s facebook page.
The Prime Minister participated in a 45 minutes fireside chat with the Malta Chamber of SMEs CEO Ms Abigail Mamo in which he announced that:
Government will continue helping businesses with wage supplements beyond October – An updated scheme will be announced during October’s Budget.
The Prime Minister confirmed that he agreed that the Government will be working to boost consumption, he did not exclude a new voucher scheme will be launched
Repayment of Tax Deferrals and Moratoria on Bank Loans will be facilitated through prolonged payment schedules and the maturities of loans will lengthen
Malta Enterprise CEO Mr Kurt Farrugia and Business 1st CEO Ms Marika Tonna also made the following interesting highlights for business:
Sectors that felt the impact of Covid later will also be helped
Upcoming next are the Business Re-Engineering Scheme and the MicroInvest Tax Credit into cash
Future looking priority areas of support will be Green Business, Digital Investments by Businesses and Remodeling the Business Model for the new era
Malta Enterprise will be incentivising businesses to stop and think on a new economic model not based on mass tourist consumption, including higher quality investment in products and services
Malta Enterprise is working on strong Start-Up schemes and schemes that will address the gaps in the banking sector to sustain Access to Finance for SMEs
Business 1st will be expanding its focus more into Reducing Bureaucracy and next year launching an online one-stop-shop portal for businesses
During this online conference, Mr Karl Herrera, Chief Officer – Incentives Development Evaluation and Monitoring at Malta Enterprise presented an overview of the Malta Enterprise Support Measures. Mr Herrera’s full presentation may be downloaded here.
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