SME Chamber participated during a conference by the Malta Sustainability Forum organised by APS Bank
17 November 2022
The discussion focused on the Voluntary Occupational Retirement Pension SME Chamber Vice President, Michael Galea,...
The Small Business Act (SBA) as has been proposed by the European Commission is a further step in the right direction. Europe needs the best possible framework conditions for small and medium sized enterprises (SMEs). But to get these conditions it is high time that words are matched by action.
Eight years have passed since the Heads of States and Government of the European Union declared that the EU should become a world class environment for SMEs. The truth is that today progress is still very modest, as the Commission itself acknowledges.
Apparently it is very hard to shift a policy making machine that is biased towards large enterprises to a policy making machine that takes due account of the needs of SMEs.
The Commission is correct in emphasising that a thorough implementation of the SBA is of primary importance and requires the full commitment of both the Commission and the Member States. Against this background GRTU fully supports the proposed annual implementation reports by Member States and the Commission and the review of progress by Heads of States and Government at every Spring Council.
However, GRTU warns that the raft of measures that the Commission has proposed risks spreading efforts too thin. “We would be in favour of focussing on those targets that are measurable; no vague goals, but concrete actions, e.g. ensuring that SMEs are paid on time both in private and public procurement contracts”, said EuroCommerce Secretary General Xavier R. Durieu.
GRTU believes that a set of maximum 10 targets on which Member States and European Commission should report on an annual basis would work best. Emphasis should be on less burdensome regulation, more legal certainty, better access to finance, better and simpler access to public procurement and better access to state aid, especially in fields like innovation, energy and environment.
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).