Tag: Malta Development Bank
Undoubtedly these are extraordinary times, especially so for businesses. Decisions and financing are needed to ensure survival in the short term, but COVID-19 could also be the jump start for businesses to do things differently in the medium to long term.
Thirty-three SMEs received €14.5 million in loans supported by the Malta Development Bank, helping maintain nearly 600 jobs in the process.
The Malta Bankers' Association warned that windfall tax might have "devastating" repercussions on the economy and Malta's financial stability. The association said that it was seriously concerned about calls being made for windfall tax to be levied on the profits of banks, describing the idea as short-sighted.
Auxiliary Bishop Joseph Galea-Curmi announced that the Maltese Archdiocese was the first contributor, with €5,000, to the newly officially established Voluntary Solidarity Fund (VSF)....