Gozo Busi­ness Cham­ber wel­comes ini­tia­tives for sis­ter is­land

Malta Independent - - BUDGET 2017 -

The Gozo Busi­ness Cham­ber said it is pleased to hear a con­fir­ma­tion from the Min­is­ter for Fi­nance that Govern­ment is con­tin­u­ing to push to bring un­der con­trol the deficit to 0.5% and the pub­lic debt of the coun­try to 60% of GDP.

On the mea­sures for Gozo, the GBC, is pleased to see that Govern­ment has taken heed of the re­quest of the Cham­ber to have the stamp duty on pur­chase of res­i­den­tial prop­erty in Gozo low­ered to a 2%. How­ever, it feels that this mea­sure should be put into im­me­di­ate ef­fect and in­clude all pend­ing prom­ises of sale and not put in ac­tion from the be­gin­ning of next year for ob­vi­ous rea­sons.

The GBC praised the com­mit­ment of €16 mil­lion to in­crease space at the Xewk­ija In­dus­trial Es­tate. The com­mit­ment of €3.2 mil­lion for the se­cond fi­bre op­tic ca­ble be­tween the two is­lands is also very pos­i­tive. How­ever, if cer­tain in­cen­tives were in­tro­duced it would have the de­sired ef­fect on com­pa­nies set­ting up in Gozo. The Cham­ber is also pleased to see that af­ter the is­sue of the ten­der for the ge­o­log­i­cal stud­ies be­tween the is­lands govern­ment has an­nounced that next year it will be is­su­ing out an in­ter­na­tional ten­der for the de­sign, build­ing and op­er­a­tion of the tun­nel be­tween the two is­lands. The Cham­ber also hopes that govern­ment will con­tinue to in­vest more in the in­fra­struc­ture needed on the is­land es­pe­cially on the roads and other projects which will make Gozo an up­mar­ket des­ti­na­tion.

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