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THURSDAY 04 JUNE 2020 • ISSUE 61
WWW.BUSINESSTODAY.COM.MT
Editorial PAGE 5
MALTA STILL NEEDS MANUFACTURING
EU rescue funds yes, but
without 'unfair burden'
INTERIVEW PAGE 8-9
Claudio Grech:
COVID-19's golden
opportunity for socio-
economic change
PAGE 7
Dollar still crucial
for Hong Kong
MASSIMO COSTA
MALTA is "in principle" favour
of the EU's COVID-19 rescue
package, but it wants to ensure
it is not burdened unfairly by the
measures to raise rescue funds,
such as harmonised taxes, fi-
nance minister Edward Scicluna
said.
Malta could receive close to €1
billion in funds to help the econ-
omy recover from the impact of
the pandemic. But Scicluna said
Malta had to ensure that it is not
burdened unfairly by the meas-
ures the EU would put in place to
raise money from member states
to finance the rescue plan.
Last week, European Commis-
sion president Ursula von der
Leyen unveiled proposals for a
€750 EU recovery package meant
to revive the European economy
from the negative impact of the
coronavirus, with Malta expect-
ed to receive almost €1 billion in
the form of loans and grants.
While the individual allocations
for each member states under the
package, dubbed Next Genera-
tion EU, have not been finalised,
EU sources told this newspaper
that Malta could receive €992
million.
Finance minister Edward Scicluna
PAGE 2
