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Chamber welcomes government support measures

The Malta Chamber of Commerce, Enterprise and Industry has welcomed the launch of the regeneration incentives announced by the government in addition to top-ups to existing direct support schemes. It said the regeneration incentives go beyond addressing the immediate liquidity needs and are aimed at supporting and re-energising businesses and the Maltese economy in the process of recovery.
The chamber said it applauded the enhanced Business Re-Engineering and Transformation Scheme – ‘Change to Grow’, which it championed since its inception back in June 2020. This scheme is now open to a wider cohort of economic operators including micro-enterprises and self-employed entrepreneurs, and the maximum grant has been doubled to €10,000 for implemented projects, to further encourage uptake. ....

Marisa Xuereb , Malta Chamber , Business Re Engineering , Transformation Scheme , Restart Incentive Scheme , Tax Credit Certificates , Micro Invest Scheme , Sustainable Investment Scheme , Sustainable Island , மரிசா கிஷுெறெப் , மால்டா அறை , வணிக ரே பொறியியல் , மாற்றம் திட்டம் , வரி கடன் சிஇஆர்டிஐஎஃப்ஐசிஏடிஇஎஸ் , மைக்ரோ முதலீடு திட்டம் , நிலையான தீவு ,

Strengthening businesses, workers – Miriam Dalli

The economic impact of the pandemic was an unexpected blow, 10 times the size that of the 2008 financial crisis. Left unchecked it would have wreaked havoc on businesses and, consequently, on our workforce.
Just as a reminder, two years after 2008, the number of limited liability companies that were being wound down was still 25 per cent higher than before the crisis. Our industrial workforce was 10 per cent lower, nearly 2,000 workers less. The bank deposits of firms fell by 15 per cent between September 2008 and April 2009.
When firms suffer, workers suffer. The deposits of households fell by €110 million in the aftermath of the 2008 crisis. For the first year and a half after the crisis, unemployment rose from under 6,000 to nearly 8,000. ....

Malta General , Restart Incentive Scheme , Sustainable Investment Scheme , மால்டா ஜநரல் ,