Following discussions with the key stakeholders of the country, in its bid to support businesses through the challenging times currently unfolding, The Malta Chamber, together with the country’s other employer organisations, wrote to the Hon. Prime Minister today, to ask for assistance in weathering the COVID-19 storm.
In their letter, the organisations asked for support to retain staff on payroll by 50% of the basic wage paid by Government and 25% paid by the employer, capped at the average wage.
The organisations also asked for support for self-employed persons in difficulty of 75% of basic income paid by Government, capped at the average wage, as well as Government-guaranteed loans to assist businesses to retain staff and ensure continuity, with no collateral requirement.
In the letter, the organisations argued that the eligibility for support would be based on businesses suffering a loss of 25% or more in turnover in the January to June 2020 period relative to the same period in 2019.
The letter was signed by The Malta Chamber of Commerce, Enterprise and Industry, The Malta Employers’ Association, The Chamber of SMEs and The Malta Hotels and Restaurants Association.