A ‘fairer’ system in aiding Covid-19 hit businesses

Commenting on the new COVID wage supplement scheme, which was announced this week, Perit David Xuereb expressed The Malta Chamber’s satisfaction for a fairer system.

Details were provided during a press conference addressed by Energy, Enterprise and Sustainable Development Minister the Hon Miriam Dalli.

“As Malta’s foremost business representative body, The Malta Chamber is proud to have collaborated closely with the concerned Ministry and Malta Enterprise throughout the past months, to help support our businesses and Malta’s economy at large”, noted Perit Xuereb.

“Covid has allowed us to appreciate our human resources more than ever. The scheme will continue to provide enterprises with the much-needed support to help them retain their expertise onboard. This will certainly continue to maintain a healthy employer-employee relationship, the backbone to any successful business,” said Xuereb.

Minister Miriam Dalli and Malta Enterprise CEO, Mr Kurt Farrugia explained that the scheme will be based on loss of turnover, and will not discriminate in favour of one sector rather than another. The support will be calculated according to the difference in turnover declared by a business over six months between March and October 2019, against turnover declared over six months between March and October 2020.