STATEMENT BY THE MINISTRY OF ECONOMY, INVESTMENT AND SMALL BUSINESS

The Minister for the Economy, Investment and Small Business Chris Cardona addressed the first meeting of the Business Advisory Council for the year 2019.

The Council met to discuss several issues including the economic situation of the country, the future of the Maltese and Gozitan workers, and how we can close the existing gap iskills in the labor market. At the meeting attended several representatives from different sectors of industry and commerce.

In his speech, the Minister Cardona stressed how, “the growth of Malta in 2018 exceeded expectations as the growth in GDP was higher than that targeted by the European Commission, the Fund International Monetary and several International Credit Rating Agencies. For a period of six years, from 2013 to 2018, growth averaged 7.1%, exceeding the average achieved in recent decades “.

However, the Minister explained that although our country is gaining positive results does not mean that more is remaining work to be done in order to meet the challenges ahead. Therefore, he talked about how this government is aware of these challenges and is also committed to working to address this reality. He stressed how needed more flexibility in the labor market and synergy between the state, private and educational institutions to close the gap iskills country present and those needed for tomorrow’s economy. To this end, Malta Enterpise is collaborating with the Ministry of Education and Labor and MCAST to establish a stronger link between education and employment.

During the meeting, the Minister announced that Chris Cardona again, the Ministry of Economy will be organizing the Award for Sustainable Enterprise. The purpose of this award is to recognize and promote those enterprises which contributed significantly different aspects of sustainable development. More information can be found on the site https://economy.gov.mt/, and applications will remain open until 30 June, 2019.

Source: Government of Malta