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THE 73rd ANNUAL GENERAL MEETING FOCUSED ON THE WORK DONE THROUGHOUT 2021

The Malta Chamber of SMEs on Thursday 28th April 2022 held its 73rd Annual General Meeting.

In his opening address, President Mr Paul Abela said that while 2021 continued to be significantly impacted by the Covid-19 pandemic, we are now recovering and getting back to normality. Mr Abela also said that a new serious crises has since also developed with the conflict in Ukraine and the SME Chamber is also closely working with members and the effects on businesses.

Mr Abela highlighted that throughout this year, the SME Chamber continued to assist and be of support to thousand of businesses and ensuring they have a trusted partner to rely on.

During this AGM, Malta Chamber of SMEs CEO Ms Abigail Agius Mamo presented the Chamber’s Annual Report for 2021.

Ms Agius Mamo explained several milestones achieved throughout 2021 and said that the Malta Chamber of SMEs has once a year made it impact on businesses this year and highlighted 30 tangible achievements businesses gained thanks to the work the SME Chamber has done. Amongst these are;

• Aid packages for different sectors affected by the pandemic

• Extension of Wage supplement and tax deferrals through 2021

• Improvement of Covid restrictions to help business function and recuperate

• New round of vouchers

• Rent subsidy scheme widened to cater for the difficulties in logistics

• Achieving the biggest incentive within the Malta Enterprise portfolio – Smart and Sustainable Grant Scheme

• Reducing the delays with the processing of single work permit

• Facilitating the process of change in employer for TCNs

• Restarting the acceptance of student visa applications

• New agreement for Pharmacy Owners

• Right for a bank account

• Extending the Recovery and Resilience Funds for the benefit of the private sector

There were among many other achievements for the SME Chamber and its members. Apart from this, the Malta Chamber of SMEs also won two prestigious awards for its support to the business community, one in Malta and one at EU level.

The members of the Malta Chamber of SMEs unanimously approved the organisations’ Annual and Financial reports and commended the SME Chamber President, CEO, Council and the team for the hard work and results achieved.

The Wage Supplement Scheme which has been ongoing since March 2020, will be extended until May 2022 and terminated that same month. The Government announced this during a Press Conference addressed by Miriam Dalli, Minister for the Environment, Energy and Sustainable Development and Malta Enterprise CEO Mr Kurt Farrugia.

Malta Chamber of SMEs President Mr Paul Abela and CEO Ms Abigail Agius Mamo participated during this Press Conference.

Over the last 26 months, this scheme’s total investment is more than 720 million Euros, has safeguarded almost 120,000 jobs and has assisted more than 17,000 companies including self-employed.

Malta Chamber of SMEs officials led by SME Chamber President Mr Paul Abela earlier today met Parliamentary Secretary for EU Fund Dr Chris Bonett.

Mr Abela was accompanied by SME Chamber CEO Ms Abigail Agius Mamo, Head of Policy Mr Andrew Aquilina and Head of EU Affairs and Communications Mr Fabian Demicoli.

During this introductory meeting, the SME Chamber flagged the necessity of EU Funds for SMEs and the importance to simplify access to EU funds.