MIP-Chamber agreement on revised rent policy, service charge

Malta Industrial Parks Ltd (MIP) and the Malta Chamber of Commerce, Enterprise and Industry have signed two Memoranda of Understanding (MOU) to revise the rent policy and service charge across the industrial estates managed by MIP.

The revised rent policy refines the manner through which the rent payable by the tenants at the industrial estates is determined. While the minimum and maximum rental rates have remained the same, the mechanism that establishes the amount due by the individual tenants within those brackets is being changed.

Procurement Opportunities

Malta Enterprise (ME) is the Maltese Government's economic development agency focused on attracting inward investment and supporting enterprise in Malta.  Malta Industrial Parks Ltd.  (MIP) is a publicly owned company responsible for the administration of Government-owned industrial zone.

Participation Fee for the below procurement opportunities is Free:

ME/RFQMED/Q08/12: Request for Quotations for Medical Services for Malta Enterprise & Malta Industrial Parks Ltd

Closing date for submissions: 10:00am on Tuesday 4th September 2012

Summer Hours

Malta Enterprise would like to inform its clients that our offices will be closed between the 13th and 17th August for our Summer shutdown. We will resume summer working hours from the 20th August until the end of the month and will be open from 08:00hrs to 13:30hrs. Business First will continue to operate on extended hours on Wednesdays until 16:00hrs.

Micro Guarantee scheme enters into effect

The new Micro Guarantee scheme through which enterprises employing up to 20 workers – including start-ups and self-employed – may be granted a guarantee to help them secure a loan from commercial banks participating in the scheme has entered into effect.

To date, Banif Bank, Bank of Valletta, HSBC and Lombard Bank have confirmed their participation in the scheme, though other banks may still be added to the list of participating banks.

Micro Guarantee scheme launched

Malta Enterprise has launched the Micro Guarantee scheme, through which enterprises employing up to 20 workers – including start-ups and self-employed – may be granted a guarantee to help them secure a loan from commercial banks participating in the scheme.

The Micro Guarantee scheme, which enters into effect on August 1, 2012, will therefore facilitate access to loans of up to €100,000 for eligible enterprises, which may use the funds to finance projects leading to business enhancement, growth and development.

PUBLIC CONSULTATION - The future of the EU-US trade and economic relations

Several initiatives and events are taking place in order to promote trade relations between the two partners. The High Level Working Group on Jobs and Growth aims at deepening transatlantic economic relations and shaping the future framework of the EU-US trade relationship. In this context, the EU has launched a public consultation that will enable the gathering of detailed views relating to the future trade and economic relationship between the European Union and the United States. Stakeholders are invited to send their contributions to the public consultation by 27 September 2012.

Over €7 million tax credits approved through Get Qualified

More than 1,850 students have been approved assistance in the form of tax credits with a value exceeding €7 million through the Get Qualified scheme, which helps them further their qualifications.

Indeed, through the Get Qualified scheme administered by Malta Enterprise, students may get a tax credit amounting to 80 per cent of eligible expenses related to their studies, including registration fees, fees paid by the individual to the training or educational institution, as well as fees in relation to examinations.