Online conference reaches over 22,000 online viewers – New Business Support Covid Measures Announcements

The Prime Minister participated in a 45 minutes fireside chat with the Malta Chamber of SMEs CEO Ms Abigail Mamo

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.

Click here to watch the Online Conference

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.