Last Friday Minister Edward Scicluna presented economic figures, projections and Government’s vision to the MCESD members.
The Minister said that the Budget is not a simple accounting exercise but it sets out the direction Government is aiming at. As such the pre-budget document is entitled ‘delivering our vision’.
In general GRTU sees the proposed changes as positive since no additional costs are envisaged and the proposal aims at minimising bureaucracy. Another positive proposal being put forward is that the time window for objections will be limited to 30 days, this we believe should accelerate the process.
GRTU has however also a number of reservations and feels that a number of elements require clarification.
It has become very evident that a considerable number of foreigners, in particular Sicilians,have set up various cafeterias and restaurants in a number of touristic areas around Malta especially in the areas of St. Julians, Sliema, Valletta and Bugibba. The reason being that with the right of moving freely in the EU these individuals can come over to avoid the current financial crisis being experience in Sicily which is affecting their tourist and business sectors.
GRTU is proud to announce its new collaboration with the high profile, market-leading publication, The Executive business journal. Through this new venture GRTU will now be extending the services it offers to its members with key contributions targeted at the Maltese business community through printed media.