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GRTU Calls for Immediate Remedial Actions and Revisions

GRTU strongly welcomes the conclusions of the investigation carried out by the Malta Financial Services Authority and the Malta Competition and Consumer Affairs Authority into local bank lending practices to businesses.

This is a fight GRTU has led on its own for many years. It is only just recently that GRTU's concerns were echoed by the European Commission and the

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Over 70% of Maltese Business Owners are family owned and employ about 40,000 people. From this 70% only a mere 30% of these businesses manage a successful transition to the second generation and less than 10% progress to the third.

The Ministry for the Economy, Investment and Small Business has launched a white  paper on the Family Business Act which seeks to provide this sector 

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We would like to draw the attention to the upcoming commencement of the negotiations of a free trade agreement between the EU and Tunisia and sound out your views on these negotiations. The first round of the negotiations will be held in the second half of October. We would like to know what interests and opportunities businesses have in an agreement with Tunisia, also given its proximity to Malta.

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GRTU is proud to announce that it has been awarded close to a €100,000 to part-finance its project entitled ‘Enriching Malta’s SME and Self-Employed Representation in Practice’, under the European Social Fund.

The project aims at achieving headway in a short period of time on a number of priority issues such as the digital agenda by shifting Maltese enterprises online and increasing work life balance initiatives through the application of EU wide successful models to the local context.

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GRTU has successfully held a conference earlier this week with a participation of around 200 small businesses and self-employed persons targeting Malta’s Digital Economy. This conference served as the ideal platform to retrieve practical feedback from businessesas to what challenges are hindering them for GRTU to consolidate recommendations to be presented to policy-makers in the coming weeks. The conference however also offered hands-on awareness-raising and training exercisefor the attendees to understand how they can make best use of the digital and online tools to maximise their business potential.

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