Tag: economic crisis
In a meeting held with the representatives of the Malta Entertainment Industry and Arts Association (MEIA), Abela remarked that the country had been successful in retaining jobs as it successfully contained and reduced unemployment.
To date, 1,998 individuals, most of which were from Italy, have been repatriated.
Despite the easing of measures, small and medium enterprises found themselves in a worse situation than they were before since their business was either slow or non-existent while the costs kept mounting, threatening their existence.
The union's president Paul Pace warned that despite Malta's success so far when handling the pandemic, one should avoid fostering a false sense of security, underlining that what has been achieved so far could be easily lost due to political blunders.
The Malta Employers' Association put forward a number of proposals aimed at mitigating the impact of the economic crisis on businesses and families.
Various stakeholders reacted positively to the news including the Malta Chamber of Commerce, the Malta Chamber of SMEs, the Gozo Business Chamber and the Gozo Tourism Association.
Some 16,000 full-time employees work in the construction industry according the MDA.
In a joint statement various bodies said that a meeting was held between Economy Minister Silvio Schembri and the representatives of the Chamber of Advocates, the Dental Association of Malta, the Kamra tal-Periti, the Kunsill Notarili ta' Malta and the Malta Institute of Accountants, where they presented Schembri with a framework for a National Strategy for economic measures to be considered by the Government in addressing the severe economic and social difficulties that were brought about by the coronavirus outbreak in Malta.
12Page 1 of 2