A Budget that extends the safety-net for Businesses, more tax incentives should follow to enable new investments
19 October 2020
Budget 2021 The Malta Chamber of SMEs is pleased to see a number of its...
Residents of Malta could soon receive a second round of government vouchers, with Prime Minister Robert Abela confirming discussions are being held to this effect.
“The first scheme was extremely successful,” Abela told the press yesterday. “Not only did we invest €45 million in our people but this investment prompted more public expenditure, so it had an accumulative effect.”
In the first round of vouchers, people were given €80 to spend at establishments licensed by the Malta Tourism Authority, such as hotels, restaurants and bars, and €20 to spend at a retail outlet or service that was closed as a result of COVID-19.
The scheme, which has been extended to the end of October, was a roaring success, helping keep business afloat.
The Malta’s Chamber of SMEs has called for a second round of vouchers but with more focus on retail outlets.
“Our main principle is to preserve jobs and to keep businesses strong,” Robert Abela said.
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).