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Following a request by Member of European Parliament Dr Peter Agius, the Malta Chamber of SMEs hosted a meeting with its members at the Malta Chamber of SMEs offices in Floriana to discuss unfair practices affecting Maltese furniture importers.

During the meeting, members outlined the challenges they are currently facing and described the realities of the present market situation. Participants highlighted issues related to competition, pricing pressures and regulatory imbalances, and engaged in an open discussion aimed at identifying possible solutions and recommendations for further action.

On behalf of the SME Chamber, the meeting was led by Council Member Dino Fino.

SMEunited elects Davide Galli as new President

Malta Chamber of SMEs President Mr Paul Abela was re-elected as Director of SME United during its General Assembly which was held in Brussels.

SMEunited, is the European association of crafts and SMEs in Europe with around 65 member organisations from over 30 European countries. SMEunited is a recognised employers’ organisation and European Social Partner and acts on behalf of crafts and SMEs in the European Social Dialogue and in discussions with the EU institutions.

Mr Paul Abela thanked everyone and stated he’ll keep on working for SME’s at this European platform.

During this meeting Davide Galli was elected as the new President of SME United. Mr Galli said “I am dedicated to regulatory simplification as main driver for the competitiveness of our companies”.

Following a consultation exercise with its members across various sectors, the Malta Chamber of SMEs presented its position on the Central Bank of Malta’s proposed amendments to Directive 19 concerning the use of cheques. While the SME Chamber recognised the Central Bank’s intention to encourage the transition towards more modern and efficient payment systems, several of the proposed measures required further assessment to ensure they remained practical, proportionate, and inclusive for the wider business community, particularly when dealing with self-employed individuals and micro-businesses.

Feedback collected from members highlighted concerns that extended beyond any specific industry. These concerns were particularly relevant to SMEs, which relied heavily on flexible and accessible payment methods to maintain stable cash flow, manage day-to-day operations, and serve a wide range of customers, including those who did not have access to local banking facilities or who were not yet fully comfortable with digital alternatives. In some instances, the proposed changes risked creating operational disruptions and increasing operational costs.

Click here to view position paper

The Malta Visual Non-Visual Network, in collaboration with the Malta Tourism Authority, is offering training programmes for tourism and hospitality workers to help create inclusive tourism and catering experiences for persons who are blind or have low vision. Deputy Prime Minister and Minister for Foreign Affairs and Tourism, Ian Borg, presented training certificates to the participants’ staff.

SME Chamber Deputy President and Paceville Town Centre Management Chairman, Philip Fenech, welcomed this initiative, highlighting that it enhances service excellence and empowers the industry to adequately cater to the specific needs of persons with disabilities.

The Malta Chamber of SMEs, in collaboration with the Malta Tourism Authority, organised a consultation session for its members on the recently announced Tourism Accommodation Regulations.

Members had the opportunity to ask questions and clarify various points, while the SME Chamber submitted its formal feedback during the consultation period.

Click here to view position paper

The European Parliament voted on two resolutions on the Shein/Temu imports and on the Deforestation Regulation imposing obligations on EU operators. These are two separate and yet similar cases where EU actions in the past are coming back to haunt us – putting burdens on our SMEs to the unfair benefit of third country businesses.

On the Shein and Temu imports

MEP Peter Agius said that over the past years he has been contacted by several SMEs in Malta describing how direct consumer online sales are bypassing all applicable rules for local retail. These online sales pay no Duty, no customs duties and have no environmental compliance obligations neither. On closer investigation it seems these claims are largely correct. MEP Agius said he cannot accept that our SMEs are put at a disadvantage on our own market. For this reason he pushed for decisive action in the EPP and in the Internal Market Committee. In the resolution adopted, proposed by EPP, it is being proposed for a customs fee on every package received as well as the application of Duty to these imports thus far exempted for lower costs purchases.

On EU producer obligations from deforestation rules

The deforestation regulation adopted in 2023 has imposed strict due diligence and certification requirements which are now wreaking havoc in a good number of industries in Europe. All products coming from forestry in Asia, Africa and South America including timber, soy, palm oil, cocoa, and rubber would be subject to a strict certification system as from December this year. A majority vote in Parliament supported the EPP position to postpone the application of the deforestation regulation for a year. This is not enough. In fact in my vote today I have also supported amendments calling for exemptions for SMEs and further simplification of rules.

Malta’s events industry continues to play a central role in the national economy, with its expansion creating extensive economic value across multiple sectors. Speaking exclusively with SiGMA World about the current landscape, Philip Fenech, Deputy President of the Malta Chamber of SMEs, emphasised that the segment is significant and it’s creating a lot of value added to the country’s economy.

According to Fenech, the industry’s growth has spurred demand not only in event operations but also in education and workforce development. He noted that the Chamber and national stakeholders are preparing the people to handle it even better from an educational point of view, so that human resources will not be as challenging to find as they have been.

He highlighted that events founded locally, such as SiGMA World, have helped attract global attention. These events, he said, must be assessed from various angles, including the “direct demand on our economy.”

A Multiplier Effect Across Sectors

Fenech detailed how the events industry has widened opportunities for both professional services and small businesses. Lawyers, accountants, IT specialists, technicians, suppliers, and freelancers form part of what he described as a broad network that “literally eats from this business in particular.”

Foreign professionals attending and working in Malta’s events ecosystem also contribute to ongoing economic activity. “We look at them as sort of permanent tourists or tourists coming and going,” he stated, noting their use of “our restaurants, our bars, our clubs, our boutiques, [and] also real estate renters.”

He pointed to the sector’s large multiplier effect, explaining that it connects directly to hospitality, retail, transport, and ancillary services. Reflecting on past events, he noted that some gatherings “were a bit too big for the size of our island,” which led to the decision to divide activities across venues. He confirmed that plans are underway for “a good expo venue that at the moment is being negotiated and is being expanded.”

Tourism and Hospitality Gains

Hotels and hospitality providers, Fenech said, experience direct uplift from international conferences. “These conferences pay better rates,” he explained, adding that delegates “ask for the best services” and are not comparable to “an average tourist that comes here.”

He highlighted the high-profile nature of these events: “We know a lot about all the champagne that’s being popped and all the good food that is being ordered.” The spending patterns of business travellers, he said, trigger wider demand for car hire, event-specific functions, catering, entertainment, and bespoke services.

Opportunities for Small and Medium Enterprises

Fenech described SiGMA’s impact on SMEs as a catalyst for immediate economic movement. “I feel the economy is moving in real time,” he said, noting that the industry activates providers of stages, lighting, design, venue rentals, transport services, catering, and logistics.

He stressed that SMEs benefit directly from the cash flow uplift: “This business also brings instant cash, and small businesses always have cash flow problems, so when you get something like this, it gives them a tremendous, good cash injection.”

He added that attendees often explore local historical sites and independent businesses, especially in Valletta, deepening the economic contribution beyond the event footprint.

Vision 2050 and Sustainable Growth

Fenech reiterated that Malta’s economic maturity allows it to prioritise high-value sectors. “Our economy has grown so much that now we can be picky and choosy,” he said, identifying the events industry as aligned with Malta’s strategic vision due to its strong value creation and minimal environmental impact compared with other sectors.

The Deputy President of Malta Chamber of SMEs also noted that the government’s Vision 2050 framework aims to refine economic segments to ensure long-term sustainability. The events sector, he said, is “one of those segments that will give a high value-added chain, and the collateral damage is less than in other segments in our economy.” He stated that improved planning, refined logistics, and expanded venues would allow Malta to host large events more frequently.

Twenty companies were named Gold Winners during the 4th edition of the Malta Business Awards, held on Friday, November 8th at the Mediterranean Conference Centre. The event celebrated excellence, innovation, and resilience across Malta’s business community.

From over 400 applications submitted last July, a rigorous adjudication process involving 19 independent committees narrowed the field to 95 shortlisted entries. Each shortlisted business then underwent an in-person interview with the adjudication panels, culminating in the selection of 57 finalists. The Gold, Silver, and Bronze winners were announced during this special evening, attended by nearly 500 guests.

These finalists represent the very best of Malta’s entrepreneurial spirit, from emerging startups and sustainable innovators to established industry leaders driving positive change.

As part of the promotional campaign, a 30-second video highlighting the positive initiatives of each finalist was produced and shared on the Malta Business Awards’ social media platforms.

We encourage all previous applicants, shortlisted participants, and finalists to apply for the 5th edition of the Malta Business Awards, which will take place on November 20th, 2026. Applications will open in Q2 of 2026, stay tuned at maltabusinessawards.mt.

The winners are:

Social Impact – Up to 25 employees – supported by Ministry for Social Policy and Children’s Rights

Gold Award – MERILL RURAL NETWORK

Silver Award – WILLINGNESS TEAM

Bronze Award – MAMMA’S SUGAR

Social Impact Award – 26+ employees supported by Ministry for Inclusion and the Voluntary Sector

Gold Award – MALTAPOST PLS

Silver Award – SIGMA (VIKING PC HEALTH)

Bronze Award – SCOPE SOLUTIONS

Exceptional Wellbeing at the workplace supported by Ministry for Home Affairs, Security and Employment

Gold Award – MAPFRE MALTA

Silver Award – BANK OF VALLETTA

Bronze Award – SCOPE SOLUTIONS

​Customer Service Excellence Award – supported by Infrastructure Malta

Gold Award – BRILLACE CAFE

Silver Award – PANINA

Bronze Award – BOYE DESIGNS & PROJECTS

​Local Cultural Contributor – supported by Arts Council Malta

Gold Award – STUDJURBAN

Silver Award – UDJENZA

Bronze Award – RECOOP

​Innovative and Sustainable Initiative Award supported by APS bank and Climate Action Authority

Gold Award – FILAMENT CORPORATION LTD

Silver Award – MANNA EV

Bronze Award – TW CONSULTING  & TRADE LTD

Business Leader in Energy & Water Sustainability (Energy & Water Agency)

Gold Award – STMICROELECTRONICS MALTA LTD

Silver Award – BAXTER 

Bronze Award – EDEN LEISURE GROUP 

Leader in Quality Tourism (Malta Tourism Authority)

Gold Award – EXCLUSIVELY MALTA LUXURY TRAVEL

Silver Award – BALDACCHINO GROUP

Bronze Award – CASA GOURGION

Green Transport Initiative (Ministry for Transport, Infrastructure and Public Works)

Gold Award – MANNA EV

Silver Award – PARADISE BAY RESORT

Bronze Award – TW CONSULTING & TRADE LTD

Best Waste Management Strategy supported by Wasteserv

Gold Award – EDEN LEISURE GROUP

Silver Award – FILAMENT CORPORATION LTD

Bronze Award – REFAB LIGHT BLUE PARTNERSHIP

Innovative Digital Solution Supported by Malta Digital Innovation Authority

Gold Award – BIO AQUA GARDEN LTD

Silver Award – CASA GOURGION

Bronze Award – MALTA FREEPORT TERMINALS LTD

Family Business of the year – Up to 25 employees supported by Project Green

Gold Award – EXTREME EFFECTS

Silver Award – TACRIS LTD

Bronze Award – MIFSUD BROTHERS

Family Business of the year – 26+ employees supported by Malta Development Bank

Gold Award – BALDACCHINO GROUP

Silver Award – MAGRO BROTHERS (FOODS) LTD  

Bronze Award – GREENS SUPERMARKET

Start-Up Business of the Year Supported by Trust Payments and Xjenza Malta

Gold Award – SPACEOMIX LTD

Silver Award – FYORIN

Bronze Award – MATTER OF CARE OPERATING LTD

Young Entrepreneur of the Year supported by Meet Inc

Gold Award – JOSEPH MATTHEW MUSCAT – 4JM SOLUTIONS

Silver Award – ALEXANDRA SCIBERRAS – INVENT 3D

Bronze Award – REUBEN CAMILLERI – IOT SOLUTIONS

Gozo Business of the Year supported by Ministry for Gozo

Gold Award – CUSTOMIZE NATION

Silver Award – AGIUS GROUP

Bronze award – SISU TOURS

Female Entrepreneur of the Year supported by Gov.mt

Gold Award – ALEXANDRA SCIBERRAS – INVENT 3D

Silver Award – MURIEL GRECH – MG PROJECTS

Bronze Award – CHER ENGERER – POLARIS

Small Business of the Year up to 25 employees supported by Malta Food Agency

Gold Award – FREEHOUR

Silver Award – IOT SOLUTIONS LTD

Bronze Award – POTS

SME of the Year (26+ employees) supported by Malta Enterprise

Gold Award – SIGMA

Silver Award – AQUABIOTECH GROUP

Bronze Award – 4JM SOLUTIONS