The Malta Chamber of Commerce, Enterprise and Industry has highlighted that the National Development and Social Fund (NDSF), which was established through the Individual Investor Programme (IIP), should finance a holistic transport strategy to shift towards a sustainable and effective multi-modal transportation system.
Speaking to The Malta Independent, the Malta Chamber recommended that government address the budget exercise from a multi-annual perspective.
It said that carrying capacity analysis (including economic, social and environmental impact assessments) of the country be carried out by the Central Bank or independent entity with the involvement of the country’s main stakeholders in the social and economic sphere.
The Chamber also suggested that government should initiate a national debate on a new long-term economic, societal and environmental master plan for the country, post-2020.
They also recommend strengthening Identity Malta with more resources to enable better streamlined procedures for recruiting third-country national employees and embarking on an international marketing campaign showcasing employment opportunities and quality of life in Malta. The Chamber also spoke of the importance of extending all types of work-based learning across all the post-secondary and tertiary level educational institutes.
Furthermore, it recommended establishing a new national competitiveness agency, to ensure that the economy is not hampered by new and excessive regulations, measures and taxes, which negatively impact competitiveness.
Source: Malta Chamber of Commerce
