Press Release: A Budget that leaves more funds in people’s pockets, encourages work and investments
11 October 2021
Ignores however the negative effects of the Greylisting on SMEs The Malta Chamber of SMEs...
Throughout the Covid-19 Pandemic, businesses worldwide have issued several reports on how these businesses are surviving during such uncertain times of restrictions and national lockdowns. The recent report that has captivated the business world is the recent report issued by the Low-cost giant retailer – Primark.
The retail giant Primark reported that the number of people who have physically visited the retail stores has skyrocketed after the recent removal of several restrictions imposed by the British Government to reduce the spread of Covid-19.
Primark stated in its report that its stores had declared record sales after more than three months of lockdown. The company also stated that it had made no concessions towards shifting its business towards an online platform but decided to remain on lockdown and withstand the impact. For Primark, withstanding the impact meant that the company had to lose around €1.26 Billion in lost sales; however, its recent gains have given the company rejuvenating hopes that it is back on the right track after recent British lockdowns.
With Malta’s non-essential shops and services due to reopen following Monday, 26th April, after almost two months of shutdown, Maltese businesses are hopeful that this ‘Primark’ effect will also happen for their business as reports from Maltese businesses are stating that Government aid during this pandemic barely covered certain businesses’ expenditures, with businesses also reporting that they had to let go of several employees in order to remain in business.
Therefore Maltese businesses are currently hoping that when they reopen, their business will once again be able to get on the right track and make ends-meat again.
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).