News | Wednesday, 24 June 2009

20 companies await government reply for assistance to beat recession perils

Karl Stagno-Navarra

Twenty companies are still awaiting Malta Enterprise’s response to their call for government assistance to beat the international recession. So far, six companies have reportedly received letters of intent issued by Malta Enterprise, confirming such assistance. Malta Enterprise committed itself to invest a total €13 million and employ more than 200 persons by December 2010.
Speaking in Parliament this week, Finance Minister Tonio Fenech explained that the six companies that are to receive immediate government assistance due to the effects of recession already employ 1,800 full-timers between them.
During his statement in Parliament, Fenech explained that plans submitted by five companies are currently being evaluated by Malta Enterprise, while eight other companies are in the process of preparing their documentation or still have to decide whether or not to submit their plans. Seven companies however, were not eligible for assistance under the agreed parameters.
Meanwhile, between January and June, Malta Enterprise also approved assistance to 12 new enterprises that are expected to create 300 new jobs. The companies are in the ICT, engineering, aviation, printing and medical equipment sectors.



Other News

Rent reform approved

Privatisation ‘confidentiality’ may lead to abuses

Generator sales skyrocket

IHI launches €30m bond issue, undertakes new projects

British Airways to suspend Malta to London Gatwick route

20 companies await government reply for assistance to beat recession perils

Budgetary deficit under IMF delegation spotlight

Waiting to explode

In deep recession

Experimenting with our future

EC calls for accountable governance of the internet

Vodafone sets up Mclaren Mercedes Pit Stop Challenge at the Trade Fair

Farsons appoints CEO Designate

An affordable solution for tourism operators

HSBC employees complete Diploma in Financial Services Operations and Compliance

Melita introduces 50 Mbits internet speeds

BOV Tunisia Hosts Business Delegation

The curious case of Benjamin B





24 June 2009

Malta Today


Collaborating partners:



Copyright © MediaToday Co. Ltd, Vjal ir-Rihan, San Gwann SGN 07, Malta, Europe Tel. ++356 21382741, Fax: ++356 21385075
Managing Editor: Saviour Balzan