Watch: “Sectors not included in the wage supplement measure experiencing major difficulties”

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Press Conference – Survey Results – The Continued Effects of the Covid-19 Pandemic on Business in Malta

Press Conference – Survey Results – The Continued Effects of the Covid-19 Pandemic on Business in Malta

Posted by Malta Chamber of SMEs on Monday, April 20, 2020

Paying employees and collecting money are amongst the most common issues that are worrying businesses due to the coronavirus pandemic. The travel, tourism, imports, wholesale, retail and other miscellaneous services are the most affected industries by the present situation facing our country.

This was explained during an online press conference by The Malta Chamber of SMEs which delivered the results for the survey on the continued effects of the COVID-19 pandemic on business in Malta.  

Chief Executive Officer of The Chamber of SMEs, Abigail Mamo said that this is the 2nd study being conducted as the first study was conducted during the 1st week when the COVID-19 situation hit Malta and Gozo.

The survey was conducted between the 4th and 19th of April amongst 360 businesses operating in Malta.

The results of the study were explained by the Vice President of the Chamber, Marcel Mizzi.

Mizzi explained that through this survey it emerged that the majority of the businesses are doing their utmost to retain employees. However, sectors that were not included in the wage supplement are experiencing major difficulties and businesses which can benefit from the coronavirus measures as announced by government, said assistance is taking too long to reach them.

Rent payments remain a major concern for the majority of the businesses, as shown in the survey conducted by the Chamber of SME’s.

In their response to this survey, businesses said that utility bills should be lowered during these challenging times.

Another aspect emerging from this survey is the mental health state of business owners and their employees which have been affected drastically, explained Marcel Mizzo during the online press conference.

As part of this survey, businesses have also proposed to the government to waive all government rents, to suspend commercial vehicle licences as they are not being used and for Malta Tourism Authority (MTA) to waive business licences.

The President of The Malta Chamber of SME’s said that they will continue to monitor the situation and will also put forward further proposals for government’s consideration aimed at assisting businesses.

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