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Even though this year’s budget had a number of somewhat positive points, the GRTU had expected much more for Small Businesses (SMEs).
GRTU does not feel that businesses should be grateful for no increase in taxes. Businesses were one of the main contributors that generated the economic growth and surplus we are enjoying today. This time, they were also the ones left out from government’s wealth distribution plans. In the current economic scenario, GRTU had expected a reduction in corporate taxation and the reversal of the harmful excise tax, amongst other things.
GRTU welcomes positive incentives such as the extension of the MicroInvest scheme and commitments to further reduce bureaucracy as well as the increased enforcement to ensure a level playing field. These are measures that have now become commonplace in every year’s budget. One will need to see what these will actually and tangibly result in.
Driving innovation to Maltese SMEs was the aim of this year's GRTU Annual Conference. The event was held as part of Malta's SME Week celebrations and saw the attendance of over 200 enterprise owners.
The title of this year's event was ‘Let’s Evolve – Growth through Innovation’. During the opening speech Mr. Paul Abela mentioned the need for business to embrace innovation. Although a lot of businesses are acknowledging that Innovation is important for their business growth, many still have not managed to embrace it.
Parliamentary Secretary for Financial Services, Digital Economy and Innovation, Hon Silvio Schembri stated that ‘as mentioned in the budget speech, the Maltese Government will be investing in a blockchain hub to help startups that use this technology, it will also be investing in MITA’s blockchain lab and in the coming months training programs will be launched to train workers within the public service to familiarize with this new technology. All this to strengthen Malta’s ecosystem and boost innovation’.
Business First has been re-launched in new offices in Mriehel. Business First is now a limited liability company owned by GRTU and Government. Business First had initially started in 2011 with the purpose of providing the most essential business services in one location. It's primary aim has always been to reduce bureaucracy and to help speed up the provision of Business Services by offering a one stop shop solution.
GRTU believes that with it's involvement, the services offered by Business First can not only be enhanced but can also be more effective. GRTU is represented on the Business First board of directors by Paul Abela (Chairman), Marcel Mizzi and Abigail Mamo.
Minister Cardona officially inaugurated the new Business First set up today and stated that this is all part of this Government's efforts to reduce bureaucracy and to allow businesses to realise their full potential.
GRTU's president, Paul Abela, promised that the new Business First will make a difference and stated that with GRTU's involvement Business First will become a model for other countries to emulate.
This year the Malta Chamber of SMEs (GRTU) will be organising its annual half day event on the 10th of October.
The name of the conference is 'Let’s Evolve | Growth through Innovation' and its aim is to raise awareness among SMEs about the potential of innovative practices within their business and kick start some of these innovative practices.
Innovation is for any business, independent of whether it is just starting out, has been long in business, its size or the goods or services it deals with. Innovation is for everyone and it’s no rocket science. The conference will provide a walkthrough of possible innovative practices that can be implemented in your business both in the short and long term.
Innovation = less costs and bigger profits. Let’s explore this together.
Click here to register your interest
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Il-Preokkupazzjoni tal-GRTU tibqa dwar d-delivery persons u nies ohra li jahdmu permezz tat-toroq
Il-GRTU Il-Kamra Maltija ghall-Intraprizi Zghar u Medji laqghet b’entuzjazmu l-ahbar li habbret l-LESA din il-gimgha li wara li gew varati s-sitt twissijiet fuq kontravenzjonijiet tat-traffiku aktar kmieni din is-sena, l-gwardjan lokali wissa mall-5,400 xufier. Din kienet wahda mill-proposti li l-GRTU kienet pproponiet ghar-riforma, fejn il-gwardjan lokali ghandu jkun l-Ufficcjal li jwissi u jeduka u mhux biss li jharrek.
GRTU Malta Chamber of SMEs proudly supports the ‘FastTrak’ initiative launched be The Malta Communications Authority (MCA), GRTU has been working closely with MCA on several projects such as the one launched today. This initiative is another example of the close collaboration GRTU shares with MCA.
GRTU believes that educating entrepreneurs not only helps entrepreneurs improve their competitive advantage but also allows them to give a better service to their clients. In this regard GRTU has also been working closely with the Malta College for Arts, Science and Technology (MCAST) in the creation of an MBA degree for the Small Business. The degree started last year and uptake was good. GRTU was instrumental in making the degree more practical and hands on.
Il-GRTU għadha kif ikkonkludit żewġ laqgħat separati mall-kandidati ghall-elezzjoni tal-Kap tal-Partit Nazzjonalista Dr. Adrian Delia u Dr. Chris Said. Matul dawn il-laqgħat il-President tal-GRTU Paul Abela spjega li l-għan ewlieni tal-GRTU huwa dak li jisalvagwardja l-interess tal-intraprizi ż- żgħar u medji li hu fl-interess tal-membri tal-GRTU li l-organiżazzjoni iżżomm linja ta’ komunikazzjoni miftuħa ma min ikun fil-gvern u anke l-oppożizzjoni bħala l-gvern alternattiv.