The number of persons registering as unemployed increased by 19.9% in March when compared to the same month in 2019. When compared to February 2020, unemployment in March increased by 28%. This is in contrast to the trend seen in the past few years where the number of unemployed persons was constantly going down. The...
On Thursday 9th April, MFSA published a feedback statement following a consultation document which it published in 2019. The Authority states that it has revisited its proposals regarding the regulatory framework for CSPs, in view of feedback received, and whilst some positions have been retained, others have been revised. The main objectives of this exercise...
The Malta Development Bank has launched a Guarantee Scheme (CGS). This scheme aims to provide a €350 million fund to support all types of businesses in Malta to meet cashflow disruptions due to the effects of the Covid-19. This scheme aims to provide a €350 million fund, as a guarantee for commercial banks accredited by...
Are you having to re-think your business strategy? Are you offering your products/services online? If Covid-19 has forced you to change your business strategy and you are now moving towards online sales we at EMCS can help you access EU funds. These funds offer support measures to encourage SMEs to adopt e-commerce solutions to...
As various business face heavily reduced revenues or zero revenues, managing cash flow is even more important than ever. What must businesses operating in this crisis period do to defend their cash flow, now more than ever before? 1. Watch any credit your are extending EXTREMELY closely: Do you know if any of your customers...