During a debate between Robert Abela and Bernard Grech organised by the Chamber of SMEs and Malta Daily, Chamber President Paul Abela said that the effects of Malta getting grey-listed will remain well after the island gets off the list.
Abela spoke about how the increase in prices is impacting the economy and several businesses. The impact of the grey-list will remain with the island because Malta will have to restart a process to reestablish its international reputation.
The president said that he wants to see Maltese businesses getting back on their feet following the hardships they all faced. He highlighted how some businesses work in the mass events sector and are thus suffering immensely due to a lack of work.
Chief Executive Abigail Agius Mamo said that not all businesses recuperated from the pandemic in the same way. She appealed for a removal of the needless bureaucracy which impedes the businesses.
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